Commissions & Rates
We use a blended rate based on the size of your balance. To calculate the blended rate, the first $100,000 is charged at the tier I rate, the next $900,000 at the tier II rate, etc. TC2000 Brokerage accrues interest on a daily basis and posts the actual interest monthly on the 3rd business day of the following month. The tiers which interest is based upon may change from time-to-time without prior notification to customers. Such adjustments are done periodically to adjust for changes in currency rates.
|Tier I||$0 to $100,000||7.83%|
|Tier II||$100,000.01 to $1,000,000||7.33%|
|Tier III||$1,000,000.01 to $50,000,000||7.08%|
|Tier IV||$50,000,000.01 to $200,000,000||6.83%|
Margin rates as of 10/2/2023
4-1 Intraday Margin Ratio
A Reg. T account holding $10,000 in cash may purchase and hold on an intra-day basis $40,000 in securities given the default intra-day maintenance margin requirement of 25%, which translates to a buying power of 4:1. Some equities have higher margin requirements or are not marginable at all.
2-1 Overnight Margin RatioA Reg. T account holding $10,000 in cash may purchase and hold overnight $20,000 in securities as Reg. T imposes an initial margin requirement of 50%, which translates to a buying power of 2:1. Some equities have higher margin requirements or are not marginable at all. Margin accounts must maintain a minimum balance of $2000.
TC2000 Brokerage can only accept applicants who reside in the United States or reside in a place subject to the jurisdiction of the United States.