EverTrade Direct Brokerage, Inc. Fee Breakdown & Disclosures

Below are the current fees for trading with EverTrade.1 They are subject to change at any time and without notice. For a complete list of fees, refer to your Client Account Agreements booklet.

Equities
Domestic Online Equity Trades $9 for 10,000 shares;
$9 plus a $0.01 per share over 10,000 shares
Domestic Broker-Assisted Equity Trades $40 for 10,000 shares;
$40 plus a $0.01 per share over 10,000 shares
Global Equities - Tier A (Online and Broker Assisted Trading)
Australia 50 AUD, plus 25 basis points
Austria 75 EUR, plus 25 basis points
Belgium 55 EUR, plus 25 basis points
Denmark 475 DKK, plus 25 basis points
Finland 65 EUR, plus 25 basis points
France 50 EUR, plus 25 basis points
Germany 50 EUR, plus 25 basis points
Hong Kong 390 HKD, plus 25 basis points
Ireland 55 EUR, plus 25 basis points
Italy 50 EUR, plus 25 basis points
Japan 4,705 YEN, plus 25 basis points
Mexico 800 MXN, plus 25 basis points
Netherlands 55 EUR, plus 25 basis points
Norway 470 NOK, plus 25 basis points
Portugal 50 EUR, plus 25 basis points
Singapore 100 SGD, plus 25 basis points
Spain 60 EUR, plus 25 basis points
Sweden 480 SEK, plus 25 basis points
Switzerland 65 CHF, plus 25 basis points
United Kingdom 35 GBP, plus 25 basis points
Global Equities - Tier B (Online and Broker Assisted Trading)
Greece 75 EUR, plus 35 basis points
New Zealand 125 NZD, plus 35 basis points
Poland 390 PLN, plus 35 basis points
South Africa 575 ZAR, plus 35 basis points
Canada 40 CAD, plus 0.01 CAD per share
Euroclear $35
Options
Option Contract Online $10 plus $1 per contract
Option Contracts Broker-Assisted $40 plus $1 per contract
Mutual Funds
Mutual Funds Online No Transaction Fee (“NTF”) Funds are $0; others $20
Mutual Funds Broker-Assisted No Transaction Fee (“NTF”) Funds are $20; others $25
Fixed Income Investments
Fixed Income Executed as Principal* Market price
Foreign Bonds Executed as Principal* Market price

*When EverTrade acts as principal, the bonds will be subject to a markup or markdown.

Other Charges
Foreign Currency Conversion Up to 1% of USD converted
ACAT Transfer Out $60
Fed Wire Charge $25 domestic and $35 foreign
Legal Transfers $90
Annual IRA Maintenance Fee

Payable upon account opening and on each account anniversary date thereafter.

$35
IRA Termination Fee $95
Returned Checks $25
Reorg Items & Tenders $36
Delivery In/Out of Physical Certificates (DRS eligible) per event

Certificate issuance is subject to restrictions and may not be available for all securities.

$20
Delivery In/Out of Physical Certificates (Non DRS eligible) per event

Certificate issuance is subject to restrictions and may not be available for all securities.

$250
Inactive Account Fee $25 per account per year
Historical Research and Statement Copies $25/hour; minimum of one hour
Paper Trade Confirmations $1
Monthly/Quarterly Account Paper Statements $2.50

Trading Disclosures

Types of Orders

Market Orders

Are orders that we are required to execute fully and promptly without regard to price. While a customer may receive prompt execution of a market order, the execution may be at a price significantly different from the current quoted price of that security.

Limit Orders

Are orders that will be executed only at a specified price or better and that, while the customer receives price protection, there is a possibility that the order will not be executed.

Stop Orders

Are orders that are used to trigger a market order at or around the entered stop price.

Virtual Trailing Stop Order

A virtual trailing stop order (VTSO) is a stop order that adjusts as the price of a security moves. The stop price is placed at a set distance then adjusts as the price of the security moves, maintaining the set distance. The purpose of this order is to maintain a set level of potential loss at any point in time while allowing for continued appreciation as long as the price does not fall to the stop loss.

Types of Markets

Initial Public Offering (IPO)

These stock offerings can be volatile in price, and should be fully researched, and the prospectus read before entering into a subscription agreement. Securities trading in the secondary market may trade at a higher price than their offering price.

Fast Market Conditions

This is a condition where the price of a security changes so quickly that quotes for the stock do not keep pace with the trading price of the stock. In this situation, the market price at the time the customer enters an order may be significantly different.