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.
Cost-Effective Commission Rates
Low Order Minimums
Discounts for High-Volume Traders
Equities
Rates as low as
$0.001
per-share*
Options
Rates as low as
$0.20
per-contract
Cost-Effective Routes Without Compromise
Over 30 Routing Options
Smart Routes, ECN’s, Dark Pool Access, Market Maker Routes & more
Multiple Routes Providing ECN Rebates
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.*
$15 in Daily Free Locates
25,000 Shares Free Overnight Locates
Per Symbol (2X Multiplier on Remaining Shares)
Per Symbol (2X Multiplier on Remaining Shares)
Locate Discounts Up to 30%
| 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
$120/mo
DAS Trader Pro
Desktop Platform
Desktop Platform
Standard Data
$18/mo
Includes NYSE and NASDAQ Level 1 and Level 2 Data
Premium Data
$68/mo
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 |
| 9:30 AM | 4:00 PM | Smart Router | OTCP | -0.0035 | -0.0035 | Wheel route for OTCBB’s, include seeking liquidity in dark pools |
| 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. Locate Discount Program does not apply to overnight multiplier fees.
– 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.