Margin Interest
Long margin Interest
On Margin Accounts, Leverage interest is based on the Secured Overnight Financing Rate (SOFR), but not less than 200 bps, plus mark-up.
Long margin interest is charged daily on the cost of open long positions.
Short margin Interest
Leverage
Margin Accounts below $100,000 are customarily extended to a 6:1 intraday and 2:1 overnight leverage. Anything other than 6:1 intraday or 2:1 overnight is a specially negotiated rate. Often, we may extend higher leverage (up to 30:1 on intraday and 6:1 on overnight positions).
Margin Accounts over $100,000 are customarily extended to an 8:1 intraday and 4:1 overnight leverage. Anything other than 8:1 intraday or 4:1 overnight is a specially negotiated rate. Often, we may extend higher leverage (up to 40:1 on intraday and 10:1 on overnight positions).
Alaric Securities does not pay interest and does not apply charges on cash balances in Cash or Margin Accounts, except for the CASH + program according to the Tariff.
|
0 – 499,999.99 |
395bps |
|
500,000 – 999,999.99 |
375bps |
|
1,000,000 - 19,999,999.99 |
325bps |
|
20,000,000 - 49,999,999.99 |
275bps |
|
50,000,000 + |
175bps |
Additional information
- 1Active Traders Commission Schedule – clients who meet monthly trading volume thresholds qualify for our Active Traders Commission Schedule. Once your account is set to Active Trader Commission rate, you will be charged the rate applicable to the higher tier in the current month.
For example, if you trade over 1,000,000 shares per month and qualify for the $0.0020 per share rate, you will be charged only $0.0020 per share on all shares traded, not just those in excess of 1,000,000 in the same month. - 2All rates are subject to ongoing review and may be increased if clients fail to meet the trade/share thresholds listed above.
- 3Call-in trades are an additional $30 per ticket.
- 4All stock/ETF pricing listed in this part of the Pricing applies to listed equities only.
- 5Commissions apply to all order types. For customers who send an extraordinary number of non-marketable limit orders to the NYSE, Nasdaq, Amex or other exchanges, and who route such orders direct, rather than using Alaric Trader Smart routing, Alaric reserves the right to impose a surcharge in order to defray specialist order handling charges. In this event, Alaric will provide notice to affected customers.
- 6Deposit and Withdrawal fees: SEPA transfer – zero for deposits; 3.5 EUR for withdrawals up to 25,000 EUR and 7 EUR for higher amounts. Bank transfer: zero for deposits up to 5,000 USD and 29 USD for higher amounts. Withdrawals – 0.15% amount min. 30 USD, max 150 USD.
- 7Blue Sheet Fee. When Alaric Securities receives a request to explain client suspicious trading with a specified symbol, the client will be charged $400 per account per symbol.
- 8All charges are exclusive of value-added tax (VAT). VAT is charged when applicable based on the client’s country of residence.