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Topics: Fees, Rates & Margin
Fees, Rates & Margin
Most motif portfolios created by Motif Investing carries a licensing fee, expressed as an annual fee rate. This fee is based on the amount of invested assets and will be deducted from your account balance on a monthly basis. There are no licensing fees for motifs created by you or our community.
To learn more, please read Licensing Fees Explained.
Licensing fees are as follows:
– Next Wave of Innovation Portfolio: None
– Horizon Model Motif Portfolios: None
– Motif 500 Portfolio (Available only in Direct Index Accounts): None
– Motif 500 Portfolio Tilts (Available only in Direct Index Accounts): 0.15%
– Motif Impact Portfolio (Available only in Impact Accounts): 0.25%
– Target Date, Investing Classics, & Bonds Motif Portfolios: 0.25%
– All Other Professional Motif Portfolios: 0.50%
Customizing the Motif 500 portfolio will incur a 0.15% annual licensing fee.
Customizing our Next Wave or Horizon Model portfolios will incur a 0.25% annual licensing fee.
For more details about our fees and pricing, please visit our pricing page.
Commission-free trades are motif portfolio or single stock trades that carry no commission fees when executed.
In a Motif trading account, all professional motif and single stock trades (outside of built or community motifs) are commission-free when you select the option to trade at next market open. Auto-reinvest dividends, auto-invest, and auto-rebalance trades of professional motifs are also commission free.
With an optional Motif BLUE subscription, you get three commission-free real-time trades and five commission-free next market open trades for motifs built by you or the community per month. Unused commission-free trades do not roll over to subsequent months.
In a Motif Direct Index account or Impact account, all trades are commission free.
Commissions vary by account type, investment product, and trade execution.
Motif Direct Index and Impact accounts carry no commission fees. Commissions for retail trading accounts are as follows:
IPOs and Secondary Offerings can be purchased commission free.
For a detailed breakdown, please check our Retail Pricing Page here.
Commissions vary by investment product and trade execution.
Single stock commissions are $4.95 per trade.
Advisory accounts are subject to an annual maintenance fee:
- $40 per qualified account (i.e. IRA)
- $35 per non-qualified account (i.e. Joint brokerage)
Motif BLUE is a subscription service that costs $19.95 per month.
Each month, it gives you 3 commission-free real-time trades and five commission-free next market open trades for motifs built by you or another Motif community member. It also provides early notifications about new IPOs and real-time quotes on all pages.
With a margin account, you can borrow money to buy stocks and motif portfolios at competitive interest rates. If you have a cash account and want to trade on margin, simply contact us at firstname.lastname@example.org to upgrade your account.
The platform fee is directly related to the cost charged by our clearing agent for services required to execute transactions. Qualifying accounts with a balance below $10,000 with no commission trades in the previous 3 months will be assessed a quarterly account platform fee of $10.
Please note that this fee only applies to accounts that:
· Have less than $10,000 in combined securities and cash in the account but more than $0
· Have not placed a commission trade in the account within the last 3 months
· Are not paying Motif Blue subscribers
· Is not an Impact account
· Is not a Direct Index account
Accounts with less than $10,000 but more than $0 in combined securities and cash, with no commission trades in the last three months, and without a Blue subscription will incur a quarterly platform fee of $10. We won’t charge fees if you don’t have a balance.
There is also a $95 account termination fee for closing and/or transferring an IRA or Roth IRA.
You must have at least $2,000 in your margin account before buying stocks on margin. The maintenance margin requires you to have a certain level of equity in the margin account. If the account value falls below the maintenance margin, Motif will issue a margin call and you will have to deposit cash into the account. To convert your cash account to margin, please contact us at email@example.com.
Our current margin rates are listed below:
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You must have at least $2,000 in your margin account before buying stocks on margin. The maintenance margin requires you to have a certain level of equity in the margin account. If the account value falls below the maintenance margin, Motif will issue a margin call and you will have to deposit cash into the account.
No. Motif Investing does not offer portfolio margining at this time.
It’s free to build any motif you want, with any 30 stocks or ETFs. To trade your built motif, the standard commissions apply – just $9.95 to trade at next market open and $19.95 in real time.
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. These fees will appear as a line item called “Estimated Fee” during order entry and will also be listed on your trade confirmations as a “Transaction Fee” or an “Additional Fee.”
Below is a list of fees that will apply:
Securities and Exchange Commission (SEC) fee:
This fee is levied on all security sales. The current rate is $20.70 for every $1,000,000 in sale proceeds. For a rough calculation of this fee, multiply $0.0000207 times your sale proceeds. Sale Proceeds = $10,000. Current SEC fee rate = $0.0000207 ($20.70 per $1 million in sale proceeds). Total SEC fee = $0.21 ($10,000 x $0.0000207 = $0.21). SEC fee rate is typically adjusted semi-annually. Fee is rounded up to the nearest penny.
Financial Industry Regulatory Authority (FINRA) transaction fee (TAF):
This fee is charged on all covered stock and ETF sales at a rate of $0.000119 per share with a minimum charge of $0.01 and a maximum charge of $5.95. This fee is rounded up to the nearest penny.
There is a $95 transfer and closure fee to transfer a Motif Investing IRA to another firm in full. A partial account transfer can be processed with a fee of $65 provided a minimum of $100 remains in the Motif Investing IRA.
We do not charge any trading commissions or fees for IPO purchases.