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Margin Rates and Requirements
| Compare Us
| Why FBRDirect |
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Stocks*
| Internet Orders |
$14.95 for market and limit (up to 2,500 shares**) |
| Broker Assisted Orders |
$29.95 for market and limit (up to 2,500 shares**) |
| Stock Less than $1 |
$29.95 (unlimited shares) |
| Foreign Securities*** |
$85.00 |
* Note: If sale proceeds are less than the minimum commission
charge, the commission will be adjusted so the customer receives the lesser of $2.00 or the value
of the shares.
** 1 cent per share over 2,500 shares
*** ADR's and Canadian securities are exempt
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Options
| Internet Orders |
$19.95 per option trade, plus $1.75 per contract* |
| Broker Assisted Orders |
$29.95 per option trade, plus $1.75 per contract* |
* Additional option information regarding exercises
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Mutual Funds
| Load funds |
Sales charge applies per prospectus |
| No-Load funds* |
$25 |
| No Transaction Fee funds* |
$0 |
| Simultaneous Orders or Exchanges |
$25 for 1st trade and $12 for the 2nd transaction |
(*$2 postage/service fee may apply)
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Coporate and U.S. Government Bonds*
| Municipal, Corporates, and Agency bonds |
$29.95 per transaction, plus $2 per bond |
| Money Market Instruments (CD’s, BA’s, Commercial Paper) |
$29.95 |
* To place an order for fixed income securities, call 888.200.4350, Option 1.
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| Transfer
Fees |
| Account
Transfer Out |
$50 |
| Domestic
Wire Transfer |
$25 |
| Foreign
Wire Transfer |
$25 |
| IRA Fees |
| IRA
Setup |
Free |
| IRA Annual
Maintenance |
$35 |
| IRA
Termination |
$75 |
| IRA
Transfer Out |
$75 |
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Coverdell Education Savings Annual Maintenance |
$40 |
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Coverdell Education Savings Transfer or Termination |
$75 |
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Form 2439 Services |
$50 |
| Administrative Fees |
| Account Maintenance Fee* |
$50 |
| Annual Custody Fee** |
$50 |
| Brokerage Access Checkwriting without Debit Card |
Free |
| Brokerage Access with Visa Classic Debit Card |
$75 |
| Brokerage Access with Visa Gold Debit Card |
$125 |
| Brokerage Access with Visa Platinum Debit Card with Rewards |
$175 |
| Cash
Debit Balance |
Broker Call
+ 3.25%*** |
| Checkbook Re-order |
$5 |
| Check Returned NSF |
$30 |
| Dividend Reinvestment Program (DRIP) |
Free |
| DWAC Fee |
$30 |
| Late Payment (Past Settlement) |
$25 |
| Legal Returns |
$45 |
| Overnight Deliveries (checks or certificates) |
$25 |
| Postage/Service Fee |
$1 |
| Regulation T Margin Extension Request |
$15 |
| Re-Org: Tender Voluntary |
$30 |
| Re-Org: Rights Offering |
$30 |
| Statements or Confirms Replacement/Duplicate |
$5 |
| Stock Certificate Delivery |
$45 |
| Stock Certificate Ownership Transfer (Includes Delivery Fee) |
$45 |
| Stock Certificate Returns |
$35 |
| Stop Payments |
$25 |
| Option Trading
Fees
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| Exercise
/ Assignment |
$19.95 |
| Restricted Securities
Fees |
| Restricted Securities set-up |
$125 |
| Restricted Securities Annual Maintenance |
$75 |
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*The Account Maintenance Fee may be charged to accounts opened for less than 30 days.
**The Annual Custody Fee is assessed on each account that have less than two trades
during the prior calendar year. This fee will not be assessed if the account has generated
two or more stock, option, fixed-income or mutual fund transaction fee fund trades in the
12 months. This fee is charged in January of the following year.
***Broker Call Rate is published daily in the Wall Street Journal
FBRDirect reserves the right to change the pricing schedule that applies to the
account without prior notice if warranted by account activity or other factors.
Effective as of July 1, 2007
To learn more about the advantage of using a Brokerage Access please
click here.
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FBRDirect brokerage accounts are carried and cleared through National Financial Services LLC (NFS), a Fidelity Investments Company,
member FINRA/SIPC. Securities products are offered through FBRDirect, member FINRA/SIPC.
NFS is not an affiliate of FBR Group or FBRDirect.
FBRDirect is a division of FBR Investment Services, Inc. (FBRIS) a registered
Broker/Dealer and Member FINRA/SIPC.
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Friedman, Billings, Ramsey Group, Inc. (NYSE: FBR) has a number of subsidiaries, including the following:
Friedman, Billings, Ramsey & Co., Inc.
and FBRDirect which are investment banks and broker-dealers registered
with the United States Securities and Exchange Commission and are members
of the Securities Investor Protection
Corporation (SIPC); FBR Investment Management, Inc., and FBR Fund Advisers, Inc.,
are
registered investment advisers under the Investment Advisers Act of 1940;
All references at this web site to "FBR" refer to
FBR Group and its predecessors and subsidiaries as appropriate.
Please read Important Information about Links to Other Sites
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