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What does the platform fee cover?
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