Commission

What is the commission for penny stocks?

If you are trading stocks priced under $1 per share, the commission is 1% of the principle at the $3 minimum.

When do I get charged commission?

Commission is charged when the trade is filled. You may modify or cancel an open stock order at no additional charge. You can modify or cancel an option order for $0.01.

Does Zacks Trade charge exercise and/or assignment fees?

No. You will see the exercise or assignment results take place without a fee.

What is the commission for option spreads?

The option commission is set on a per leg basis. Therefore, the base commission for the first contract is charged on each side.

Does Zacks Trade charge inactivity and/or maintenance fees?

We do not charge inactivity fees or maintenance fees. We also do not have any IRA Custodial fees.