Commissions & Rates

Per Trade

Stocks & ETF's

$1 + $0.005 per share

$25 flat rate for trades over 5,000 shares

Options

$1 + 65 cents per contract

50 cents per contract (after first 25)

Example

100 Shares = $1.50 in commissions

200 Shares = $2.00 in commissions

5 Contracts = $4.25 in commissions

10 Contracts = $7.50 in commissions

Margin 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 Balance Interest Rate
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%
Tier V $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 Ratio

A 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.