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Commissions & Rates

Small Trader Plan

Stocks & ETF's

$1 + $0.005 per share

Options

$1 + 65 cents per contract

Examples (per trade)

100 shares = $1.50

200 shares = $2.00

1 option contract = $1.65

5 option contracts = $4.25

OR

Active Trader Plan (optional)

Stocks & ETF's

$5 + $0.001 per share

Options

$5 + 35 cents per contract

Examples (per trade)

12,000 shares = $17

20,000 shares = $25

50 option contracts = $22.50

200 option contracts = $75

Please let us know if you wish to switch to the Active Trader Plan. The Small Trader Plan is the default. The Active Trader Plan is for traders who typically trade more than 1000 shares or 10 option contracts. On large volume orders, eight dark pools are included in the IB SmartRoutingSM logic to attempt to provide price improvement and take advantage of hidden institutional order flows that may not be available at exchanges. Please let us know if you'd like to switch to the Active Trader Plan.

Both plans use IB SmartRoutingSM and we do not sell your orders. We always attempt to get you the best execution possible.

Cash Interest

Earn 3.83% interest on all cash in excess of $10,000 when you maintain a total account value of $100,000 or more.

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 $0.00 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 4/15/2024

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.