Opening an account with NetVest means you'll receive the best customer service in the industry. It also means that you'll have access to some of the most competitive pricing available no matter what kind of trader you are.
Stocks
(per order)
Per transaction
Internet Placement |
Market Order |
$14.00 |
Limit Order |
$19.00 |
Touch Tone PhoneBroker Placement |
Market Order |
$19.00 |
Limit Order |
$24.00 |
Representative Placement (also on foreign stocks and stocks priced below $1 per share) |
Market Order |
$24.00 |
Limit Order |
$29.00 |
GTC ORDERS:
There are no extra charges for good-til-cancelled (GTC) orders. A GTC order which is executed over a period of several days due to limited share availability at a limit price is charged a separate commission based on each day's activity.
FOR NEW ACCOUNTS AND ELECTRONICALLY PLACED ORDERS:
We require minimum account equity of $2,000 and securities (for sales), or cash or buying power (for purchases) must be in the account at the time the order is placed. Orders not meeting the above requirements will not be accepted.
FOR ESTABLISHED ACCOUNTS:
We require 50% of transaction amounts in excess of $20,000 to be on deposit in cash or securities. For options, stocks selling below $1.00 per share, non-NASDAQ and foreign stocks, cleared funds equal to the full amount of the trade must be on deposit prior to StockCross/NetVest accepting the order.
FOR NON-U.S. ACCOUNTS:
We require sufficient buying power or equity to be on hand prior to acceptance of a buy order, and securites must be on deposit before acceptance of a sell order. Additionally, higher margin maintenance rates apply to non-U.S. resident accounts.
Options
(per order)
Any No. of Contracts |
Any Price Premium |
$20 plus $1.50/contract |
Orders placed with a live representative will be charged a $10 additional fee. Exercises & Assignments - $24 Flat Rate.
No-Load Mutual Fund Fees
StockCross/NetVest also transacts orders on no-load mutual funds. Liquidations of no-load funds held less than 90 days will incur a service fee. This fee is imposed at the request of the fund distributors and is meant to discourage short-term trading of no-load mutual funds. Please check the fund prospectus for more information.
Listed Bonds
(per order)
$25 per transaction plus |
Less than 25 bonds |
$2.50 per bond |
25 bonds and over |
$1.75 per bond |
U.S. Government Securities
T-Bills, Bonds and Notes (at Auction) |
$40 |
All other bond issues StockCross may act as principal.
Certificates representing restricted securities deposited into an account may incur a $250 processing fee per issue. (A restricted security is one which is not in good deliverable form for legal transfer.)
*
No inactivity fee will be assessed if there is at least 1 (one) revenue-producing trade during the calander year.
**
IRA accounts with less than $10,000 in assets or executing less than 2 (two) revenue-producing trades per year will be charged a $30 maintenance fee.
Effective July 23, 2007 - Any StockCross account transferring out or closing before year-end will also be charged the $30 maintenance fee..
Margin Interest Rates
If your average daily debit balance (the amount borrowed) is at least: |
Interest Rate Charged Above Broker Call Rate |
Up to $49,999 |
1/4% |
$50,000 and over |
Broker Call |
The current broker call rate can be found in the
Wall Street Journal under
Money Rates.
* You may contact our Compliance Officer directly with complaints regarding your account at:
9464 Wilshire Blvd
Beverly Hills, CA 90212
or by calling
800 225 6196, ext. 2235
Please reconfirm all oral communications in writing to protect your rights under SIPC. 
