Commission

Investing and trading can be complicated enough without having to worry about paying hidden fees. AMID Financial Centre brokerage commissions and fees are straightforward and fair, making it simple and affordable to trade and reach your investment goals.

Lower Your Costs to Maximize Your Return; Our transparent, low commissions and financing rates, and best price executions minimize your costs to help you maximize your returns.

We offer low commissions on all products, including stocks, ETFs, options, bonds, futures and futures options, single-stock futures, forex, and funds around the world.

COMMISSION CHARGES:

Investing and trading can be complicated enough without having to worry about paying hidden fees. AMID Financial Centre brokerage commissions and fees are straightforward and fair, making it simple and affordable to trade and reach your investment goals.

Lower Your Costs to Maximize Your Return; Our transparent, low commissions and financing rates, and best price executions minimize your costs to help you maximize your returns.

We offer low commissions on all products, including stocks, ETFs, options, bonds, futures and futures options, single-stock futures, forex, and funds around the world.

COMMISSION CHARGES:

 Stocks & ETFs (All Orders)

.008 per share with a $1.50 minimum per order.

For example –

Buy 100 shares (100 * $.008) = $.80 commission minimum of $1.50 applied

Buy 200 shares (200 * $.008) = commission charged $1.60

Buy 300 shares (300 * $.008) commission charged $2.40

*** all ECN and Passthrough fees are forwarded to client.

 

Broker Assisted, Phone Trades

$25

 

 

Options (All Orders)

First Contract $3
Any Additional Contracts $1
Options Passthrough Fees
OCC Fee.
$.04 per contract
Options Passthrough Fees
ORF Fee.
$.05 per contract

Bonds & Funds

Listed Bonds $25 Per trade. Plus $10 per contract
OTC Bonds $25
UITs $25
Money Market Instruments

$25

 

CDs, BAs, Commercial Paper

Mutual Funds $25

Futures

Contact us for best fee.

Futures Trading $2.50 Per Side
Active Trader $.60 Per Side

Accounting Maintenance Fees

Electronic Statements $0

Paper Statements

 

Plus, postage shipping fee.

$5

Fees

Margin 8%
Domestic Wire Transfer $35
International Wire Transfer $65
Returned Wire

$35

 

CDs, BAs, Commercial Paper

ACAT Incoming $100
ACAT Outgoing $100

Software Fees

Contact us for best fee.

Pro

 

Free if you trade 50,000 shares per month

$30

WEB

 

Free if you trade 25,000 shares per month.

$20

Mobile or Zero App

 

Free if you trade 5,000 shares per month.

$2

Exchange Fees

Exchanges are obligated to pay transaction fees to the fallowing governing bodies, based on the volume of securities that are sold on their markets. Exchange rules require their broker-dealer members to pay a share of these fees who, in turn, pass the responsibility of paying the fees to their customers. This fee is intended to allow the governing bodies to recover costs associated with its supervision and regulation of the U.S. securities markets and securities professionals.

TAF Fee

 

Trading Activity Fee; Share sell side only. this fee is rounded up to the nearest penny.

$.000119

SEC Fee

 

Fee times dollar amount, sell side only. $21.80 per $1,000,000 of principle.

.00002210

NSCC Fee

 

Per share, $0.18 maximum & $0.033 minimum.

0.00003
SIPC Fee 0.000015
FOCUS Fee 0.0000007

 

TRADING SOFTWARE COST:

AMID Trading Software is linked directly to the US stock exchanges; Nasdaq, NYSE, AMEX and CBOE, for reliable quotes and fast execution.

AMID charges a $30 monthly fee for AMID/PRO our (Level 2) platform.

***Customers will be credited $20 per month, after trading 50 positions per month. (one position is a buy and a sell)

AMID charges a $20 monthly fee for AMID web platform.

AMID charges a $2.00 monthly fee for AMID Zero.

AMID charges a $2.00 monthly fee for our mobile platform.

AMID reserves the right to change this benefit on a 60-day notice.

QUOTES CHARGES:

All quotes are direct feeds via the exchanges, the exchanges charge for quotes. AMID does not markup quote charges and does not profit from quote charges.

Customer pay for quotes which they order.

 

There are two levels of quotations – Level 1 and Level 2.

Level 1 – client will see the highest BID and ASK and the Last price.

Level 2 – client will see all levels of BID and ASK and the Last price, plus Time & Sale.

All traders should choose the level of quotes they are interested in.

 

Level 1 Stocks –   $5

Level 1 Options – $1.25

***Customer will be credited for the fallowing quotes, after trading 10 positions per month.

 

Level 2 Stocks –   $20

***Customer will be credited for the fallowing quotes, after trading 25 positions per month.

 

All quote fees:

 

NYSE/AMEX Equity Data (NE)  $3.00
NYSE EuroNext Global Indexes (NI)  $1.00
NASDAQ Equity Data Level I (Q1)  $1.00
NASDAQ Equity Data Level II (Q2)  $15.00
NASDAQ Global Indexes (QI)  $2.00
NASDAQ Mutual Fund Pricing (QF)  $1.00
OPRA Options Data (OP)  $1.25
MarketData Express Indexes (MD)  $1.75
OTCMarkets Level I Quotes (P1)  $5.00
OTCMarkets Level II Quotes (P2)  $15.00
BATS EDGX Depth  $5.00

 

The following minimums are required to open an account :

Category Required Deposit
Individual Accounts (unless listed below) USD 3,000 (or non-USD equivalent)
Trading Group Masters USD 10,000 (or non-USD equivalent)
Broker Masters USD 10,000 (or non-USD equivalent)
IRAs USD 5,000 (or non-USD equivalent)
Advisor and Broker Clients USD 5,000 (or non-USD equivalent)

Notes:

  1. To Trade a margin account you must maintain at least USD 2,000 or non-USD equivalent. For details on margin requirements, see the Margin page.
  2. Accounts that show no balance will be closed. To reactivate an account that has been closed for having no balance, a new account deposit of USD 3,000 or non-USD equivalent is required

 

The following are monthly account minimums:

The minimum as stated below in any given month will be assessed the difference as a monthly activity fee (Activity Fee = Minimum Required Monthly Commission – Actual Monthly Commission). Please note that the monthly activity fee is based on commissions only, and does not include fees related to third-party assessments such as market data subscriptions or order modification/cancellation fees.

In addition to monthly fee minimums, we pass through market data fees from the exchanges for any real-time market data service in which a client subscribes. Clients choosing to subscribe to US non-professional real-time market data will have the USD 10 (or non-USD equivalent).

 

Account Structure Monthly Activity Fee 1
Single Accounts, Individuals and Small Businesses There are no monthly account minimums at this time.
Monthly commissions are equal to at least USD 5.
If monthly commissions are less than USD 5,
Standard Activity Fee= USD 5 – commissions.
Example:
Monthly commissions = USD 6
Standard Activity Fee = USD 5 – USD 4
Standard Activity Fee = USD 1
Brokers Monthly Activity Fee = 0 if
Consolidated monthly commissions are equal to at least USD 2,000.
If monthly commissions are less than USD 2,000,
Activity Fee = USD 2,000 – commissions.
*We require an initial deposit of 10,000 USD to be applied against your first five months’ minimum commissions. At the end of the five month period, your total commissions are subtracted from the 10,000 deposit to reach the required commission’s minimum.
Example: Your total commissions over the first five months = USD 6,400. Minimum commissions required for months 1 – 5 are:
10,000 – 6,400 = USD 3,600

Orders executed in multiple lots on the same trading day will be charged a single commission. When an order is partially executed over multiple trading days, the order is subject to a separate commission charge for each trading day.

 

ECN FEES

Venue Add Liquidity Take Liquidity Outbound Shares
ARCA $0.002 ($0.0030) ($0.0035)
ARCA (OTCBB) $0.0025 ($0.0030)* ($0.0030)*
Barclays LX ($0.0015) ($0.0015) N/A
BATS Y ($0.0018) $0.0016 ($0.0033)
BATS Z $0.0020 ($0.0030) ($0.0029)
BOSX ($0.0025) 0 N/A
CROSS+ ($0.0025) ($0.0025) ($0.0025)
CROSSFINDER ($0.0015) ($0.0015) N/A
EDGX $0.002 ($0.0029) ($0.0029)
EDGA ($0.0006) ($0.0030) ($0.0030)
FLOW $0.0019 ($0.0033) ($0.0035)
IEX $0.0009 ($0.0009) ($0.0035)
ITG AlterNet ($0.0015) ($0.0015) N/A
ITG Posit ($0.0017) ($0.0017) N/A
KNIGHT FAN $0.0024 ($0.0028) ($0.0028)
KNIGHT COVERT N/A ($0.002) N/A
NASDAQ $0.0020 ($0.0030) ($0.0030)
NASDAQ Hidden $0.0005 ($0.0030) ($0.0030)
NASDAQ PSX $0.001 ($0.0029) ($0.0035)
NYSE $0.0014 ($0.0027) ($0.0031)
PDQ ATS N/A ($0.0019)

N/A

 

EQUITIES ROUTING FEES
Fee Rate Additional Details
STC: ($0.0000184) Multiply this amount by the principal amount sold
FINRA TAF: ($0.000119) Covers sales of exchange registered securities whenever executed. Multiply this amount by the number of shares sold
Options ORF: ($0.0356) Multiply this rate by the number of options contracts traded

 

Stocks priced under $1.00 are subject to different routing charges and are not rebate eligible. Rebates are subject to forfeiture in the event an ECN or exchange does not remit the rebate to AMID Financial Centre. Routing charges are subject to change without prior notice.

A minimum commission charge will be applied to any order.

All routing fees/rebates and regulatory fees are charged separately.

Discounted rates are not automatically applied to any account and do not automatically adjust based on monthly volume. You must contact us to request any rate changes. No rebates will be issued for past activity. All rates subject to ongoing review and may be increased if clients fail to meet the trade/share thresholds listed above. All stock/ETF pricing listed on this page applies to listed equities only. Call for OTCBB/Pink sheet rates.

Annual Custodial Fee $60.00
Partial Termination $35.00 per asset or position
Client Distribution via ACH (Monthly or Quarterly) $10.00 each
Client Distribution via Check Not applicable at this time
Client Distribution via Wire $65 per occurrence
Federal or State Withholding $15 per occurrence
International Delivery At cost
Returned Wire $30.00
IRA Transfer Fee / Termination $85.00
Miscellaneous Fees / Charges
Trade Processing Fee $0.35 per customer trade – charged to customer
Blue Sheets $125.00 per Request
New Account Verification (not currently provided) $0.00
Legal Review $300 per item for internal review—external review at cost
Reorg Items and Tenders $25.00 per item per account
Taxpayer ID Penalties At cost
Employee Stock Option Plan (ESOP) $60.00 per ESOP Transaction
Prepays on Customer Trades $30.00 plus Interest to Settlement Date
Electronic Statements or Confirmations Free
Paper Statements $3.00 per month per account which requires paper statements to be mailed domestically. $6.00 per month per account which requires paper statements to be mailed internationally.(electronic delivery of Statements – Free)
Paper Confirmations $3.00 per confirm per account which requires paper confirmations to be mailed domestically. $5.00 per confirm per account which requires paper confirmations to be mailed internationally. (electronic delivery of confirms — Free)
Research & Statement Copies Correspondent will be provided copies of all statements and confirms in electronic, PDF format, either via WORM disk or secure file transfer. If correspondent requires reproduction or research unrelated to the service of AMID $125.00 per hour with a minimum of one hour.
Statement and Confirmation CD Copy $60.00 monthly
Prospectus Delivery (Paper) $3.00 each
Prospectus Delivery (Electronic) Free
Inactive Account Fee No fee at this time
Overnight Delivery Fee $35.00
International Delivery Fee At cost
ADR conversions $35.00 plus all fees and expenses
Physical Gold Custody Fees Total Investment below $40,000.00 – 0.25%
Total Investment at or above $40,000.00 – 0.20%
Systematic Change of Branch or Registered Rep. $60.00 per request
(Optional) Web Site Installation $600.00 plus out-of-pocket expenses
Taxpayer ID Penalties At cost
Special FIX based connection $850.00 per month
Cash Movement Fees
Check Writing Not applicable at this time
Check Re-order Fee Not applicable at this time
Stop Payment $60.00
Returned Check Not applicable at this time
Copy of Checks Not applicable at this time
Outbound Domestic Wire $45.00
Outbound Foreign Wire $65.00
Returned Wire $10.00
ACH for Payment of Account Distributions $15.00
Returned ACH $20.00
Dividend Checks $5.00 plus postage each
Check Distributions Not applicable at this time
Depository Charges
DTC Delivery Free $60 per item
DTC Receive Free — Generally no legal review will be required and Ascendiant will not be subject to legal review fee for DTC receives except in extenuating circumstances.
ACAT (Outbound) Fee Not applicable at this time
Partial ACAT Fee Not applicable at this time
Legal Item Review of Deposited Items $300 per item
Safekeeping Fee $70 charge per quarter per item
Deposit / Withdrawal at Custodian (DWAC) – Electronic transfer of shares via DTC and transfer agent* $300.00 plus fees. This includes transfer and ship of a certificate, a free DTC delivery of a security and transfer of a security using the DWAC and DRS system.
Direct Registration (DRS) – Shares held in book entry form at the transfer agent $300.00 plus fees
Statement (Physical Certificate Alternative) $35.00
Physical Certificate / Transfer and Ship (If non DRS eligible) $600.00 (currently not supported)
Transfer and Ship (DRS eligible) $300.00 plus any additional fees and associated postage charges
Physical Certificate Deposit $600.00 plus any additional fees and associated postage charges
Physical Certificate Deposit (restricted) $850.00 plus legal review and any additional fees and associated postage charges
Non-Transferable Security Holding Fee (if there is no transfer agent for the security) $35.00 per month per CUSIP per Account
Registration for DTC Eligibility $7,000.00 per Item plus DTC fees and associated postage charges
Rights & Warrants held in AMID Accounts All Fees passed through
Stock Certificate Re-registration / Transfer $85.00 plus transfer agent fees
Reorg Fees
Voluntary Corporate Action Fee $20.00
Mandatory Corporate Action Fee $10.00
Stock Dividend Fee $15.00
Cash Dividend Fee $1.00
Corporate/Muni Bond Call (partial or full) Fee $32.00
Bond Maturity Fee $28.00
Stock Mandatory Redemption Fee (position exited out of DTC) $48.00
Warrant Servicing Fee $62.00 per CUSIP
Option Exercise Fee $10.00
Other
Trade and Margin Extensions (Regulation T) $35.00 per request plus interest from settlement date until paid
OFAC / AML $10.00 per inquiry
Systematic Change of Branch or Registered Representative $75.00 per request
Annual Custody / Valuation Fee – Alternative Investments $40.00
Alternative Investment Processing Fees Varies upon request – $60.00 billed by AMID for processing fees and any overnight delivery fees, plus transfer agent fees
Return of Restricted Certificates Priced at $1 or Less $35.00 each
Illiquidity Fees AMID will charge Correspondent interest at 10% annually, for the period of illiquid charges, generally from trade to settlement date. The interest charge will be the higher of the interest amount or $35.00 per CUSIP that incurs an illiquid charge.
Trading
Errors (Cancel & Rebill) Mutual Fund Transactions* $20.00 per error
Errors (Cancel & Rebill)* $3.00 per item caused by Correspondent plus original fees
As of Trades $15.00 per trade
Unauthorized Short Sales $250.00 per event

Overview

Advisors may charge their clients for services rendered either through automatic billing, electronic invoice or direct billing. You determine the advisor fees at the time of the client’s registration, and may modify these at any time in Account Management. In addition to the advisor client fees specified, advisors can charge its normal commissions to the client.

 

Client Fee Templates

 

Client fee schedules can be applied to accounts individually or can be stored in templates. As an advisor, you can configure fees for one or more client accounts, or set up client fee schedules in templates, then assign the templates to client accounts. The use of templates allows you to easily maintain different fee schedules for multiple client accounts.

If you are a new advisor (i.e., you just opened your AMID account), then there will be a blank default client fee template, which you can then configure with your own fee schedule. If you are an existing advisor, your old global fee schedule is now the default client fee template. You can modify the default template.

 

Charge Commissions and Client Fees to the Advisor

 

As an Advisor, you can elect to charge client commissions to your own Advisor master account when configuring fees for a client account.

 

Charge Fees on Client Investments in Hedge Funds

 

As an Advisor, you can also charge fees on the current value of the amount that your clients have invested in hedge funds.

For each client who invests in a participating hedge fund, you can charge fees based on the Annualized Percentage of Net Liquidation Value of the current value of the client’s investment in the Fund and/or the percentage of profit and loss of the client’s investment in the Fund, as well as configure the fee posting frequency (monthly or quarterly). Your clients must approve the fee schedule by signing a form.

Fees entered for the first time in the middle of a period will be calculated and applied as of the date the fee agreement is approved and entered into the system. Fees changed during a period will take effect as of the beginning of the next monthly or quarterly period. If you change the frequency from monthly to quarterly, the change will take effect as of the next calendar quarter. If you change the frequency from quarterly to monthly, the change will take effect after the end of the current calendar quarter.

 

Client Fee Reimbursements

 

Advisors can Reimburse fees to client accounts.
Advisors can also modify or cancel pending fee reimbursements and view the details of fee reimbursements that have already been processed. To reimburse client fees, the Advisor client fees must be configured for electronic invoicing.

Note:
YOU MUST RESEARCH THE SPECIFIC REGULATIONS IN YOUR COUNTRY AND DETERMINE WHETHER OR NOT YOU ARE REQUIRED TO REGISTER AS AN INVESTMENT ADVISOR.

Commission Markups

Brokers have the ability to charge their clients for services rendered based on a fee-per-trade unit for each asset class (e.g. stocks, options, etc.), exchange and currency. The trade unit is determined by the unit AMID Financial Centre uses for its commissions charges and can be on a per share, per contract, or % of trade value basis.
Specify all commission markups on the Client Fees page in Account Management.

 

 

Client Fee Templates

Client fee schedules can be applied to accounts individually or can be stored in templates. As a broker, you can configure fees for one or more client accounts, or set up client fee schedules in templates, then assign the templates to client accounts. The use of templates allows you to easily maintain different fee schedules for multiple client accounts.

If you are a new broker (i.e., you just opened your Introducing Broker – IB account), then there will be a blank default client fee template, which you can then configure with your own fee schedule. If you are an existing broker, your old global fee schedule is now the default client fee template. You can modify the default template.

 

 

Rules for Broker Client Fees

The following general rules apply to broker client fee schedules:

If a broker has not created a fee schedule for an individual account, then the default client fee template will automatically apply to that account.

Brokers can also specify fees per trade for specific products and exchanges.

Fees and markups owed to fully disclosed and non-disclosed brokers are sent to the master account and then swept to the broker’s Proprietary Account for Broker-Dealers every night.

Types of Broker Client Markups
For each asset class/currency, a broker can select one of the fee-per-trade client markup types listed below, one markup type per asset class/currency.

Minimum Amount
Maximum Amount
Ticket Charge
Absolute Markup and Absolute Amount
% Markup

 

 

Exchange and Regulatory Fees

Markup Summary

Brokers can view all commission markup schedules for their client accounts on the Markup Summary page in Account Management. The Markup Summary sorts information by fee schedule, and displays client accounts that use the global markup schedule together.

Clients requiring any of the below connections are subject to the following connection minimums:

 

VPN

USD 150.00 per month minimum + USD 700.00 one-time setup fee

Dedicated Leased Line (Verizon, AT&T, etc) contact us for pricing