Commissions
& Fees
CenterPoint Securities offers flexible pricing that allows traders to utilize powerful services at cost-effective rates.
Per-Share Commissions With Low Minimum Order Fees
Our commission structure is designed with active traders in mind.
Equities
$0.001
per-share*
Options
Cost-Effective Routes Without Compromise
Better Short Inventory
Better Pricing
Locate Discount Program
Every CenterPoint client is eligible for our locate discount program, with discounts automatically applied to locate fees.*
25,000 Shares Free Overnight Locates
(2X Multiplier on Remaining Shares)
| Account Equity | Discount |
|---|---|
| 50K-99K | 15% |
| 100K-249K | 20% |
| 250K-999K | 25% |
| 1M+ | 30% |
Complimentary Platform Access for High-Volume Traders
Platform Access Fee Waived if 200,000 Shares are Traded in any Given Month
Market Data Available in Bundles or A-la-carte
Mobile Platform Available
Sterling Trader Pro available by request
Platform Access
Desktop Platform
Standard Data
Includes NYSE and NASDAQ Level 1 and Level 2 Data
Premium Data
Includes Standard Package + Pink Sheets Level 1 & 2
Pricing Details
Equities Commissions
| Monthly Volume (shares per month) | Commission Fee* (+ Routing and Regulatory Fees) | Minimum Order Fee |
|---|---|---|
| <500k | $0.003 | $0.30 |
| 500k-1M | $0.0025 | $0.25 |
| 1M-5M | $0.002 | $0.20 |
| 5M-10M | $0.0015 | $0.15 |
| 10M-100M | $0.001 | $0.10 |
| >100M | Please Call us at 844-811-0118 | Please Call us at 844-811-0118 |
Options Commissions
| Volume (Contracts per Month) | Price per Contract |
|---|---|
| Under 10,000 | $0.65 |
| Over 10,000 | $0.40 |
| Over 50,000 | $0.30 |
| Over 100,000 | $0.20 |
Regulatory Fees
| NSCC | SEC | TAF |
|---|---|---|
| 0.00004 / share | 0.0000221 x Principal (Selling Transactions Only) | 0.000119 / share $5.95 max (Sells) |
Routing Fees
| Start | Close | Category | Route | Adding Liquidity | Taking Liquidity | Description |
|---|---|---|---|---|---|---|
| 7:30 AM | 5:00 PM | Market Maker | LIMIT | -0.002 | -0.002 | DAS auto programmed route to hit route CPGO as a limit order |
| 7:30 AM | 5:00 PM | Market Maker | MARKET | -0.002 | -0.002 | DAS auto programmed route to hit route CPGO as a market order |
| 4:00 AM | 8:00 PM | Smart Router | ARCS | 0.002 | -0.0032 | Smart router. Posts on ARCA. No rebate for stocks <$1.00 |
| 9:30 AM | 4:00 PM | Smart Router | EDGA | -0.0032 | -0.0032 | EDGA Smart router |
| 9:30 AM | 4:00 PM | Smart Router | EDGX | 0.002 | -0.0032 | EDGX Smart router |
| 4:00 AM | 8:00 PM | Smart Router | FAN | 0.002 | -0.0032 | Virtu Smart router. Aggressively seeks execution when taking liquidity |
| 9:30 AM | 4:00 PM | Smart Router | MARKT | -0.0032 | -0.0032 | Smart router used for market orders |
| 9:30 AM | 4:00 PM | Smart Router | NITEP | -0.0025 | -0.0025 | Virtu passive algo smart router |
| 4:00 AM | 8:00 PM | Smart Router | XALL | -0.0032 | -0.0032 | Aggressive Smart router sweeps dark and lit destinations, execution over cost |
| 7:00 AM | 5:00 PM | Smart Router | CFAN | 0.002 | -0.0028 | Aggressive Smart order router. Aggressively seeks execution when taking liquidity |
| 4:00 AM | 8:00 PM | Smart Router | ARCAS | 0.002 | -0.0032 | Smart router. Posts on ARCA. No rebate for stocks <$1.00 |
| 4:00 AM | 8:00 PM | Smart Router | NSDQS | 0.002 | -0.0032 | Smart router. Posts on Nasdaq. No rebate for stocks <$1.00 |
| 4:00 AM | 8:00 PM | Smart Router | AGGS | -0.0032 | -0.0032 | Aggressive Smart router sweeps dark and lit destinations, execution over cost |
| 7:30 AM | 5:00 PM | Market Maker | CPGO | -0.002 | -0.002 | Market Maker Route. Best for <500 share lots |
| 9:30 AM | 4:00 PM | Market Maker | CPMM | -0.0015 | -0.0015 | Market maker wheel route |
| 9:30 AM | 4:00 PM | Market Maker | XDRK | -0.002 | -0.002 | Market maker wheel route |
| 9:30 AM | 4:00 PM | Market Maker | HEAT | -0.002 | -0.002 | Market maker wheel route |
| 9:30 AM | 4:00 PM | Specialized | PMID | -0.0025 | -0.0025 | Mid-point route |
| 9:30 AM | 4:00 PM | Specialized | PIOC | -0.001 | -0.001 | Immediate or cancel route. Best for marketable orders of very liquid stocks |
| 9:30 AM | 4:00 PM | Specialized | PDRK | -0.0025 | -0.0025 | Dark pool route. Seeks alternative liquidity other than lit venues |
| 9:30 AM | 4:00 PM | Specialized | PSMT | -0.0024 | -0.0024 | Aggressive route. Good for taking liquidity at lower rate |
| 9:30 AM | 4:00 PM | Specialized | XDAG | -0.0025 | -0.0025 | Most aggressive dark aggregator route. Sweeps major dark pool destinations |
| 9:30 AM | 4:00 PM | Specialized | XMID | -0.0025 | -0.0025 | Dark aggregator that sweeps major dark destinations executing at mid-pt. or better |
| 9:30 AM | 4:00 PM | Specialized | ALGO | -0.0025 | -0.0025 | Algo Suite Order Entry |
| 9:30 AM | 4:00 PM | Specialized | TWAP | -0.0025 | -0.0025 | TWAP route, will work the order from time of entry to 4:00 PM EST |
| 9:30 AM | 4:00 PM | Specialized | DKAP | -0.004 | -0.004 | Dark pool TWAP route, will work the order from time of entry to 4:00 PM EST |
| 9:30 AM | 4:00 PM | Specialized | TWAP2 | -0.0025 | -0.0025 | TWAP route, will work the order from time of entry for 2 minutes |
| 9:30 AM | 4:00 PM | Specialized | TWAP5 | -0.0025 | -0.0025 | TWAP route, will work the order from time of entry for 5 minutes |
| 9:30 AM | 4:00 PM | Specialized | TWAP15 | -0.0025 | -0.0025 | TWAP route, will work the order from time of entry for 15 minutes |
| 9:30 AM | 4:00 PM | Specialized | TWAP30 | -0.0025 | -0.0025 | TWAP route, will work the order from time of entry for 30 minutes |
| 9:30 AM | 4:00 PM | Specialized | TWAP60 | -0.0025 | -0.0025 | TWAP route, will work the order from time of entry for 60 minutes |
| 9:30 AM | 4:00 PM | OTCBB | ARCAE <$1 | -0.0035 | -0.0035 | ARCA Smart router for OTCBB's under $1 |
| 9:30 AM | 4:00 PM | OTCBB | ARCAE | -0.004 | -0.004 | ARCA Smart router for OTCBB's over $1 |
| 9:30 AM | 4:00 PM | OTCBB | SPDRM | -0.002 | -0.002 | Market maker wheel route for OTCBB's |
| 9:30 AM | 4:00 PM | OTCBB | DBOT | -0.001 | -0.0045 | DBOT Smart router |
| 9:30 AM | 4:00 PM | OTCBB | CLST | -0.002 | -0.002 | Market maker route for OTCBB's |
| 9:30 AM | 4:00 PM | OTCBB | OTCX** | -0.001 | -0.0045 | OTCX router |
| 9:30 AM | 4:00 PM | OTCBB | PUMA | -0.002 | -0.002 | Market maker route for OTCBB's |
Market Data Fees
Billed per-user, per-month
| Nasdaq Level 1 | $1.50 |
| NYSE, AMEX Level 1 | $3.00 |
| Pink Sheet Level 1 | $15.00 |
| Pink Sheet Level 2 | $50.00 |
| Options Level 1 | $15.00 |
| Options Level 2 | $50.00 |
| INET Book (TotalView) | $20.00 |
| ARCA Book | $15.00 |
Account Fees
| Buy-ins/Broker Assisted Trades | Domestic Wire | Foreign Wire | Locate Fees | Overnight Locate Multiplier |
|---|---|---|---|---|
| 0.0095 per share $20 minimum | $25 | $50 | Locate fees are charged daily | 2x Monday – Friday |
* Locate Discount Program applies to Clear Street accounts only.
– Initial commission fee will remain in effect regardless of monthly volumes unless negotiated otherwise.
– Regulatory Fees: Certain regulators impose transaction fees to cover their costs of regulating the brokerage industry. The fees are passed through to customers as part of normal transaction processing.
– Market Data fees are subject to change without notice.
– Market Data Package fees apply to non-professional users. Professional users will be billed at $63/month for the Standard Data bundle and $148/month for the Premium Data bundle.