2.0 KiB
2.0 KiB
Regulatory Fees
FEE types and effective rates
The following FEEs are applied to options trades.
| Type | When | Charged By |
|---|---|---|
| Trading Activity Fee (TAF) | Sells only | FINRA |
| Options Regulatory Fee (ORF) | Buys and sells | Options Exchanges |
| Options Clearing Corporation | Buys and sells up to 2750 contracts | OCC |
| Consolidated Audit Trail (CAT) | Buys and sells | FINRA-CAT |
The following FEEs are applied to equities.
| Type | When | Charged By |
|---|---|---|
| Trading Activity Fee (TAF) | Sells only | FINRA |
| Consolidated Audit Trail (CAT) | Buys and sells | FINRA-CAT |
For our current effective rates, please refer to our brokerage fee schedule available here: https://alpaca.markets/disclosures
How Fees are charged and reflected in account balances
- Alpaca's trading system keeps track of the accrued FEE amounts intraday and deducts the pending amounts from account balances.
- At EOD, we charge each account the fees for that trading day
- We round up total fees based on the currency’s precision to the nearest decimal place. For example, USD has a precision of 0.01. If the total fee is calculated as 0.00083, it will be rounded up to 0.01 (i.e., 1 penny).