PRICING
HIGH QUALITY EXECUTION
Direct Market Access| Equities executed/month | Price per share |
|---|---|
| Less than 1,000,000 | $0.0030 |
| 1,000,000-2,000,000 | $0.0025 |
| 2,000,001-5,000,000 | $0.0020 |
| 5,000,001-10,000,000 | $0.0018 |
| More than 10,000,000 | Please for customized pricing |
SMART ROUTING EXECUTION
ZERO
Commission Rate
Margin Rates
| Debit Balance | Vision Rates | Wedbush | ABN Amro |
|---|---|---|---|
| $0.01 – $9,999 | 12.50% | Fed Funds rate +150bps | |
| $10,000 – $24,999 | $11.50 | ||
| $25,000 – $49,999 | $11.00 | ||
| $50,000 – $99,999 | $10.75 | ||
| $100,000 – $249,999 | 10.50% | ||
| $250,000 – $999,999 | 10.25% | ||
| More than 10,000,000 | Please for customized pricing |
Regulatory Fees
Securities and Exchange Commission (SEC) Fee
SEC Section 31 transaction fees are charged by the government to recover the costs of regulating the securities markets. The fee is charged on all security sales, based on the total principal (dollar) amount sold. The current rate is $0.0000278 per dollar of your sale proceeds.For example, if you sold 100 shares of stock at $25.00 netting total proceeds of $2,500.00, you would be charged $0.07 for the transaction: (2,500 x 0.0000278) = $0.0695, which rounds up to the nearest penny as $0.07.
Effective May 22, 2024.
Trading Activity Fee (TAF)
Trading Activity Fee rates are as follows: Each member shall pay to FINRA: (1) $0.000166 per share for each sale of a covered equity security, with a maximum charge of $8.30 per trade; (2) $0.00279 per contract for each sale of an option; (3) $0.00011 per contract for each round turn transaction of a security future, provided there is a minimum charge of $0.014 per round turn transaction. In addition, if the execution price for a covered security is less than the Trading Activity Fee rate ($0.000166 for covered equity securities, $0.00279 for covered option contracts, or $0.014 for a security future) on a per share, per contract, or round turn transaction basis then no fee will be assessed.Other Fees
The fee schedule below is applicable to the Smart Routing Execution scheme only. For the DMA related fee schedule please
ACH
| ACH Deposit/Withdrawal | Free |
|---|---|
| ACH Returned | 12.50% |
| Check Stop Payment | $11.50 |
| Overnight Delivery (Weekday) | $11.00 |
| Overnight Delivery (Saturday) | $10.75 |
| Overnight Delivery (International) | 10.50% |
Account Transfer Fee
| ACAT Incoming Transfer | Free |
|---|---|
| ACAT Outgoing Transfer | 12.50% |
| ACAT Outgoing Partial Transfer | $11.50 |
| DWAC Delivery | $11.00 |
| DRS Transfer | $10.75 |
| DTC Delivery | 10.50% |
| Letter of Authorization Transfer | $10.00 |
| Worthless Securities minimum account balance | $250.00 This minimum balance is to offset the fees incurred for holding these types of securities. The minimum amount required may be greater than $250.00 and is determined by the number of positions held. |
| Fee to remove a worthless security from account | $30.00 per security |
Clearing Firm Fees
| Mandatory Corporate Action Fee | $30 |
|---|---|
| W-8Ben Processing Fee | $60.00 |
Client Services
| Records Research | $100.00 per hour (1/2 hour minimum) |
|---|---|
| Transfer On Death Agreement | $50.00 One-time setup charge |
| Returned Mail | $30.00 Quarterly fee charged to accounts with returned mail associated with the address on file. To update your new address, please submit a Change of Address Form |
| Returned Mail Maintenance Fee | $30.00 |
| Worthless Security Processing | $30.00 |
Dividends & Corporate Actions
| Dividend Reinvestment (DRIP) | Free |
|---|---|
| Tenders (Voluntary Corporate Actions) | $50.00 per item |
| Mandatory Corporate Actions | $30.00 per item Mandatory Corporate Actions include stock splits, mergers, spin-offs, etc. |
Inactivity Fee
| Inactivity Fee | $15 per quarter |
|---|---|
| The inactivity fee will be waived under one of the following conditions:
– At least 5 trade executions per calendar quarter; or – At least $25,000 is maintained in the account. | |
IRAs
| IRA Annual Fee | $50.00 This fee will be reimbursed if at least 40 trades have been placed and your account has over $10,000 in assets (options & equities only). |
|---|---|
| IRA Closing Fee | $75.00 Includes outgoing transfer via ACAT. |
Statements/Confirmations
| E-Statements | Free |
|---|---|
| E-Confirmations | Free |
| Paper/Duplicate Statements | $5.00 per statement |
| Paper/Duplicate Confirmations | $3.00 per confirmation |
Stock loan
| Borrow Fee | Daily stock loan charges assessed to short trades. |
|---|---|
Tax reporting
| Form 1099 Copy Request (Dated within the last 2 years) | $5.00 |
|---|---|
| Form 1099 Copy Request (Prior last 2 years) | $10.00 |
Trade Settlement
| Foreign Settlement Fee (ADRs exempt) | At cost. This fee varies based on the number of counterparties involved. The fee applies to transactions and account transfers involving foreign securities that are not registered in the U.S. and not DTC eligible |
|---|---|
| Physical Settlement Fee | Physical Settlement Fee. At cost, per certificate. Applies to transactions and account transfers involving domestic securities that are not DTC eligible. (The fee may also apply to transactions involving securities with a DTC “chill” restriction.) |
| Regulation T Extension | $25.00 per request, plus margin interest |
Trading Fees
| Option Exercise/Assignment | $20.00 per exercise/assignment |
|---|---|
| Broker Assisted Treade Fee | $20.00 |
| Sell-Out/Buy-In Notices | $25.00 |
| Foreign Stock Transaction Fee | $75.00 per trade |
WIRE
| Wire – Outgoing – Domestic | $35.00 |
|---|---|
| Wire – Outgoing – Foreign | $80.00 |
| Wire Return Fee | $25.00 We do not accept third party wires. Incoming third party wires will be returned and the Wire Return Fee will be charged to the account. |
Other requirements
**Following account requirements applies to the Smart Routing Execution scheme only. For the DMA related requirements (Portfolio Margin) please contact us for a customized offeringRequired Minimum Balances
| Cash accounts | Your account value must be at least $1,000* to begin trading. Under $1,000: trading capability ceases until equity is raised (liquidation only orders) |
|---|---|
| Margin accounts | Your account value must be at least $2,000** to begin trading. Under $2,000: trading capability ceases until equity is raised. *($5,000 in EDD countries) |
Margin requirements
Trading on margin is not appropriate for every investor. Please see our Margin Disclosure Statement for information on risks.Long Stock
| Price | Initial Requirement | Maintenance Requirement |
|---|---|---|
| $3.00 or less | 100% | 100% |
| 3.01 - $5.00 | 50% | Greater or $2.00 per share or 50% |
| $5.01 or more | 50% | 30% |
Short Stock
| Price | Initial Requirement | Maintenance Requirement |
|---|---|---|
| 3.01 - $5.00 | $2.50 per share.
Cannot open short
positions for stock
priced below $3.00 | Greater of $2.50 or 100% |
| $5.01 or more | The greater of $5.00
or 50% | The greater of $5.00 or 40% |
Concentrated Positions
If one long equity position accounts for more than 50% of the total margin account’s value, then the maintenance requirement for that equity security will be adjusted to no less than 50%.Please note that Lime Trading reserves the right to set a higher concentration requirement on certain stocks it deems too volatile. Additionally, stocks priced below $5.01 have a requirement of no less than 50%.
HIGH QUALITY EXECUTION
Direct Market Access| Options executed/month | Price per contract |
|---|---|
| Less than 5,000 | $0.60 |
| 5,001-10,000 | $0.40 |
| More than 10,000,000 | Please for customized pricing |
SMART ROUTING EXECUTION
$0.50
per contract
Options Regulatory Fee (ORF)
ORF
The Options Regulatory Fee (ORF) is a transaction-based fee charged by options exchanges and collected by the Options Clearing Corporation (OCC) to offset the costs of supervising and regulating the options market. This fee varies based on industry volumes and is assessed to buy and sell option orders at a rate of $0.02685 per contract.Other requirements
**Following account requirements applies to the Smart Routing Execution scheme only. For the DMA related requirements (Portfolio Margin) please contact us for a customized offering| Option Order | Initial Requirement | Maintenance Requirement |
|---|---|---|
| Short Calls | Options Premium | Whichever is greater): 35% of the underlying market price minus out-of-the-money OR 10% of the underlying market price |
| Short Puts | Options Premium | Whichever is greater): 35% of the underlying market price minus out-of-the-money OR 10% of the strike price |
| Credit Spreads*** | Difference between
Strike Prices | Option Premium x Number of
Contracts |
| Debit Spreads*** | Net debit paid multiplied
by the number of contracts | Option Premium x Number of
Contracts |
| Short Straddles | Short Call or Short
Put requirement (whichever
is greater) | Option Premium x Number of
Contracts |
Minimum Equity Requirements for Options
| Short calls | Short Puts | Spreads | Credit Straddles |
|---|---|---|---|
| $100,000 | $25,000 | $5,000 (when Short Leg
expires AT or BEFORE Long
Leg expires) | $100,000 |
| - | - | $25,000 for Put Spreads
(when Short Leg expires
AFTER Long Leg expires) | - |
| - | - | $100,000 for Call Spreads
(when Short Leg expires
AFTER Long Leg expires) | - |
• Pink Sheets, OTC Bulletin Board (OTC-BB) and Leveraged ETFs / Stocks are NOT margin eligible.
• For a list of Lime Trading non-marginable securities, email us at info@lime.co
• Margin Calls & Flags Guidelines
Maintenance requirements may be set higher for certain stocks if considered necessary by our clearing firm.