Pricing

Commissions

  • Options
    $0.65 per contract with minimum per order cost of $1.50
  • Stocks
    $0.0065 per share with a minimum per order cost of $1.50
  • Futures
    $1.50 per contract per leg commission with no minimum per order cost.
  • Futures Options
    $1.50 per contract per leg commission with no minimum per order cost.

Additional charges may apply to cover any supplementary exchange, regulatory, clearing and/or transaction costs.

Please note that GTC orders for all products which partially execute over multiple days are considered new orders for the purposes of calculating minimum commissions.

For complex option orders, the minimum $1.50 charge applies to each leg.

Margin Rates

Margin rates are assessed by the clearing firm, Interactive Brokers. You can read more about their rates and how they calculate interest paid to you and interest charged to you here:

http://individuals.interactivebrokers.com/en/p.php?f=interest

Other Fees

Cancellation Fees

Modified orders will be treated as the cancellation and replacement of an existing order with a new order. On certain exchanges, this may have the effect of subjecting modified orders to commission minimums as if they were new orders

Fee per Order

As charged by the exchange on which it fills, with rates listed at the following link:

Fees by Exchange

Option Exercise and Assignment

Commissions are NOT charged for option exercises and assignments however SEC Section 31 Transaction Fees may apply to resulting short stock positions.

Short Sell Cover

Short sale regulations or the unavailability of stock to borrow may require the clearing firm, Interactive Brokers, to close out a customer’s short position. In such cases and others requiring buy-ins or liquidations, additional charges may apply to compensate the clearing firm and/or its affiliate.

Ira Fees

IRA customers will be responsible for the $7.50 quarterly fee charged by our trustee. This fee is charged to the account quarterly at the beginning of each calendar quarter. For new accounts, billing commences on the next calendar quarter billing date following the funding of the account for the coming calendar quarter.

Monthly Inactivity Fee

Interactive Brokers may, at its discretion, charge accounts a monthly inactivity fee of up to $10 USD if monthly commissions do not meet a $10 minimum. Accounts with equity below $2,000 USD or balances maintained in a closed account may be charged up to $20 if monthly commissions do not meet a $20 USD minimum. The Monthly Inactivity Fee applies to all account types. Please note that monthly activity fees are based on commission only and do not include fees related to third-party assessments such as market data subscriptions or order modification/cancellation fees.

Account Types

LVS offers Regulation T and Portfolio Margin accounts introduced through Interactive Brokers LLC.

Portfolio Margin

For Stocks, ETF's & Options, margin is based on the largest potential loss found by valuing the portfolio over a range of underlying prices and volatilities on a real-time basis. Immediate position liquidation will occur if the minimum maintenance margin requirement is not met. Purchase and sale proceeds are immediately recognized. US securities regulations require at least USD 100,000 (or USD equivalent) for this account. If account equity falls below the Portfolio Margin requirements, the account will be restricted to margin-reducing trades only.

Regulation T

For Stocks & ETF's, Margin requirements are computed on a formula-based real-time basis, with immediate position liquidation if the minimum maintenance margin requirement is not met. Purchase and sale proceeds are immediately recognized. US securities regulations require at least USD 25,000 (or USD equivalent) in equity to day trade.

For buying options, you must deposit the entire premium plus commissions. For selling options and other strategy-based combinations, the margin requirements and commissions must be covered. Option market value may never be used for the purpose of borrowing funds. You must have stocks margin trading permissions in order to have options margin trading permissions.

Livevol Securities Account Minimums

For Regulation T accounts at Interactive Brokers, $35k is required for initial funding, customers must maintain account equity of $25k, otherwise account restrictions will apply.

For Portfolio Margin accounts at Interactive Brokers, $125k is required for initial funding, customers must maintain account equity of $100k, otherwise account restrictions will apply.

To begin the account opening process or to inquire further about opening an account through Livevol Securities at Interactive Brokers, please proceed to the “Open an Account” link at the top of the page or click here: www.livevolsecurities.com/create-broker-account

Funding/Withdrawal

All of your account management activities, including deposits, withdrawals, and transfers can be done through the account management link below. All of these functions can be done under "Funds Management."

https://www.clientam.com/Universal/servlet/AccountAccess.Login?partnerID=elivevolx

Statements/Reporting

Activity statements, trade confirmations, margin reports, tax forms and much more can be found by logging into the account management link below. All of this information can be found under "Report Management."

https://www.clientam.com/Universal/servlet/AccountAccess.Login?partnerID=elivevolx

This is not an offer or solicitation for brokerage services, investment advisory services, or other products or services in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the securities laws or other local laws and regulations of that jurisdiction. All investments involve risk, and the past performance of a security, industry, sector, market, or financial product does not guarantee future results or returns. Options involve risk and are not suitable for all investors. System response and access times may vary due to market conditions, system performance and other factors. For more information, read «Characteristics and Risks of Standardized Options». For a copy visit http://www.theocc.com/about/publications/character-risks.jsp before investing in options. Electronic trading poses unique risk to investors. Margin trading involves incurring interest expense and risks, including the potential to lose more than invested, or the need to deposit additional funds or collateral. Please review our margin disclosure statement for information on our lending policies, interest charges, and risks associated with margin account.