Commissions
Earn
Frequent Trader Commission Bonuses
If you
incur more than $ 1,000.00 in commission during a
qualifying period*, you will receive Frequent
Trader Commission Bonus
If you
incur more than $ 1,000.00 in commission during a
qualifying period*, you will receive Frequent
Trader Commission Bonus
| If
during the qualifying period
commissions exceed $1,000 but are less than $ 2,000 |
You'll
get a 15% credit of the commissions in excess of $ 1,000 |
| If
during the qualifying period
commissions exceed $ 2,000 |
You'll
get a 20% credit of the commissions in excess of $ 1,000 |
Earn
free trades
At the end of the qualifying period we will credit your commissions
account with the bonus commissions earned.
Example:
If you have a bonus credit of $ 400 as a result of having
incurred $ 3,000 in commissions during the previous qualifying
period, all your trades the following period will be commission
free until the $ 400 bonus credit is exhausted.
From this point on your commissions earned begin accumulating
in order to provide you with additional bonus credits that
you can use during the next qualifying period.
* Qualifying
Period is defined by the dates between the beginning and the
end of your monthly statement period
| Equities
|
| All
NASDAQ / MKT Orders
(Less than 1000 Shares)
|
$
16.00 per trade
|
NASDAQ
MKT Orders above 1001 |
$16.00
plus $.015 a share |
|
All Other Orders - NASDAQ
limit, GTC, listed etc.color="#000000" face="Arial">
|
$16.00
per trade plus
$0.15 a share |
|
Options
|
| $16.00
Ticket plus $1.50 a contract.
Option contracts start as low as $1.00 depending on
the volume. |
| Bonds |
Minimum
Charge $35
Lots Less Than 100 Bonds |
| Units |
Price
per Unit |
| $1,000 |
$5 |
| In
Lots of More than 100 Bonds Commissions are Negotiable
According to Size of Order, and Liquidity of Bond.
|
| U.S.
Government Zero Coupon Bonds used to implement
"Protective Hedging Strategies," are put in
the account
Free of Commission. Please ask us for details. |
| Schedule
of Miscellaneous Fees |
|
Money
Market Sweep |
Free |
|
IRA
Annual Fee |
$30.00 |
|
IRA
Termination |
$60.00 |
|
Regular
Account Setup |
Free |
|
Accommodation
Transfer
(if excessive) and for inactive accounts |
$50.00 |
|
Domestic
Money Wire Transfer (outgoing) |
$50.00 |
|
Foreign
Money Wire Transfer (outgoing) |
$55.00 |
|
Incoming
Wire Transfer |
Free |
|
Overnight
Check Request |
$25.00 |
|
Check
Request Reg. Mail |
Free |
|
ACAT
Transfers Out |
$150.00 |
|
DTC
Transfers |
$50.00 |
|
Closing
of Account |
$50.00 |
|
Fed
Call Extensions |
$20.00 |
|
Buy-in/Sell-out
Notice |
$20.00 |
|
D.K.
Charges |
Interest
Only |
|
Late
Payment in Cash Only |
Interest
Only |
|
Yearly
Inactivity Fee |
$100.00 |
|
Service
Charge/Handling/ Postage |
Pending
Electronic Confirmations |
|
Cancel/Corrects |
$20.00 |
|
Options
Exercise & Assignment |
$25.00 |
|
Request
for non-current Statements |
$15.00 |
|
Current
Margin Interest |
Varies
daily according to published Broker Call Rate |
|
Free
Credit Balances |
Varies
daily according to Money Market Rate |
|
Checkbook |
Free |
|
Visa
Card Classic/Checking ($10,000 min.) |
Valet Classic $45.00
annual fee |
|
Visa
Card Premier/Checking ($10,000 min.) |
Valet Premier $75.00
annual fee |
|
Returned
Checks |
$25.00 |
|
Stop
Payment Requests |
$25.00 |
|
Certificate
Issuance |
$25.00 |
|
"Double
Ticket Charge" for missing documents |
$20.00
/ trade |
|
Legal
Transfers-Restricted Securities |
$150.00 |
|
Legal
Transfers-Standard |
$150.00 |
|
Miscellaneous
Services Rendered |
Varied |
|
Stock
Certificate Handling Fee |
$25.00 |
|
Cash
/ Margin Call Letters |
$5.00 |
|
Physical
DVP |
$15.00 |
|
Extensions |
$25.00 |
|
Voluntary
Reorganization Transfer |
$25.00 |
|
Post
Actionable Reorganization |
$50.00 |
|
Transaction
on Restricted Account |
$20.00
/ trade |
Money
Market Funds and Credit Interest
We
provide an automated sweep to the Federated Money Market Fund
of your choice. Currently there are four primary funds available,
including tax free municipal portfolios. For non U.S. citizens
and non U.S. residents there is an offshore money market fund.
All balances are swept daily. Customers not electing to invest
in Federated Money Market Funds will be credited the competitive
rates U.S. Clearing pays less 150 basis points. To obtain higher
rates on cash balances please ask us about the range of cash
management services that include Treasury Bills, Commercial
Paper, Primary and Secondary CD's as well as other strategies
of varying degrees of risk.
Excess
SIPC Coverage to $25,000,000.00
All positions and funds in the accounts of
our clients are held in custody by U.S. Clearing a division
of Fleet Securities Inc, a FleetBoston Company. FleetBoston
Financial, with more than $200 billion in assets, is one of
the largest financial services firms in the United States. In
addition to the $500,000 protection ($100,000 for cash and $400,000
for securities) provided by the Securities Investors Protection
Corporation, U.S. Clearing will provide additional protection
through Travelers Casualty and Surety Company of America for
the total equity in your account.
Margin Lending Rates
Margin Lending
Rates vary based on the current Federal Reserve Broker Call
Rate. Rates also vary depending on the size and the volume of
the account. Please consult us for current rates and further
details.
E-mail:newaccounts@wallstreete.com
Toll Free: 1-888-WALL-STE (1-888-925-5783)
Telephone: (305) 266-9120
Fax: (305) 442-2616
Other Charges
If a charge for a particular service
we perform on your behalf is not covered in this schedule it
will be negotiated as it occurs.
For stock orders placed through a live representative there
is a $ 20 surcharge. For options orders placed through a live
representative there is a $ 20 surcharge plus $ 1/contract.
If you are a client of WSE through one of its Independent Brokers/RIA's
please be advised that the above stated commissions may differ
according to the arrangement you may have with your broker.
Please contact your Broker/RIA for additional information.
The Schedule of Miscellaneous Fees (wires, closing account,
ACAT etc.) applies to all clients of WSE as well as clients
of independent Brokers/RIA's of WSE.
For Commissions on Mutual Funds, Government agencies, Money
markets, Precious metals, Mortgage Backed W/I, UITs, etc.
please call 1-888-WALL ST.E (925-5783).
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