FAQs

Fees — Commissions & Fees

What happens if my account drops below $2,500 in the Per-Trade Plan?

If your account is $2,500 or more, commissions will be charged at a rate of $2.50 per trade on Score Priority Plus and will be commission-free on Score Priority Trading Platform. If your account drops to between $2,000-$2,499, commissions will be charged at a rate of $4.00 per trade on Score Priority Trading Platform and commission-free on Score Priority Trading Platform. If your account drops below $2,000, you will be unable to open new positions. Please refer to the commission structure below: $2,500 or more        $2.50 per trade (Score Priority Plus); $0.00 (Score Priority Trading Platform) $2,000 - $2,499        $4.00 per trade (Score Priority Plus); $0.00 (Score Priority Trading Platform) Under $2,000        Trading capabilities ceases until equity is raised.

Is there an additional charge to trade during Extended Hours Trading sessions or to trade on ECNs?

A commission surcharge of $0.003 per share is applied to orders executed on the ECN (i.e. ARCA and NSDQ). You may route orders to these destinations during market hours and extended hours trading sessions. During extended hours, pre-market orders may be placed between 7:05 - 9:30 a.m. EST and after-hours order may be entered between 4:00 - 8:00 p.m. EST.

What is your Commission for Mutual Funds?

$12.50 per trade plus any additional charges from the mutual fund. Please consult the fund prospectus to verify if there are any charges from the mutual fund.

What is the commission to place a mutual fund order over the phone?

The commission for a broker-assisted trade placed over the phone is $12.50 per mutual fund trade plus any charges from the mutual fund.

What is your Commission for Partial Fills?

Partial fills of Good till Cancel (GTC) orders will be charged full commission for each day an execution occurs. Same-day partial fills will only be charged a single commission.

What is the commission to trade an ETF online?

The commission to trade ETFs online is commission-free on Score Priority Trading Platform and $2.50 on Score Priority Plus.

What is the commission to place an ETF order over the phone?

The commission for a broker-assisted trade placed over the phone is $20.00 per ETF.

What is the Commission for Low Priced stocks?

For stocks priced less than $1.00, add $0.003 per share for the entire order. The maximum commission per order is not to exceed $5.50, with a minimum commission of $2.50.

What is the commission to place an equity/option trade over the phone?

The commission for broker assisted trades placed over the phone is $20.00 per trade plus 50 cents per contract for option trades.

What is the Commission for Pink Sheet or Over the Counter (OTC) securities?

For all OTCBB and Pink Sheet securities, add $0.003 per share for the entire order. The maximum commission per order is not to exceed $5.50, with a minimum commission of $2.50. Please note that additional charges such as settlement and/or transfer fees may apply to foreign and some illiquid OTC-BB or pink sheet securities. These fees are charged upon settlement of the trade. Opening transactions for stocks priced at or around $0.05 per shares will not be allowed, only closing transactions will be permitted.

What is the Foreign Settlement Fee?

The foreign settlement fee, usually $75, is charged to trade securities that do not settle domestically (through DTCC). The foreign settlement fee does not apply to American Depository Receipts (ADRs). Currently, there is no list available for the securities that do not settle domestically but generally the symbols are 5 letters and end in F. However, not all 5-letter symbols ending in an F are charged the foreign settlement fee.

What is the Safe-keeping Charge?

A safe-keeping fee is only charged if the security you own is not eligible to be held electronically through the Depository Trust and Clearing Corporation Company (DTCC) and the physical certificate must be held by our clearing firm, in the vault. This is generally seen with low-priced penny stocks and rarely seen with the securities traded on NYSE, AMEX, or NASDAQ exchanges. The safe-keeping fee is $50.00 charged annually.

What is a Sell Out/Buy-In fee?

A Sell out/Buy-in fee is charged if you fail to meet a margin call that is past due in your account and Score Priority is forced to liquidate securities in your account to meet this past-due call. The fee is $25.

Fees — Margin

How do I add/remove margins?

To apply for margin, please sign and submit the entire Margin Agreement via document upload or scan and email it to newaccounts@scorepriority.com.  Pending approval, the agreement will be processed if your margin equity is above $2,500 and once your trades have settled. To remove margin, simply email tradedesk@scorepriority.com and state that you would like to have margins removed from your account. Alternatively, send a signed and dated letter requesting for us to remove margins from your account: this letter can be faxed to 646-381-3624.

How do I short a stock?

To short a security, you must have a margin account. To apply for margin, please sign and submit the entire Margin Agreement via document upload or scan and email it to newaccounts@scorepriority.com. Short sale orders may be entered through the platform, by clicking the “Sell Short” button on the order ticket. If the order is rejected, it is not on the easy-to-borrow list and must be requested via phone or chat. Please call 855-274-4934 and Score Priority will attempt to locate a hard to borrow security for you to short. Please note that short positions may be subject to hard-to-borrow or stock loan fees.

How does Score Priority calculate the Margin Interest Rate?

The margin interest rate is charged monthly but calculated on a daily basis for a 360-day year; the daily cost is based on your debit at the end of each day. You can calculate the daily cost by multiplying the amount you have borrowed by the Current Interest Rate divided by 360. Daily Cost = (Amount Borrowed) x (Current Interest Rate/360). Please click on the Margin Interest Rate to find your Current Interest Rate.

Is it possible to place a trade in cash within a margin account?

While all trades in a margin account are placed and remain in a margin account type, you may limit yourself to using only the cash balance in your account. A margin account type does not mandate that you borrow with each purchase transaction that you make. You are only borrowing when your purchases exceed your total cash.

Is there an Account Minimum Value/Equity?

All accounts at Just2trade, including margin accounts, must maintain a total account equity of $2,500, which includes cash and/or positions. House calls will be issued to margin account holders who fall below $2,000 total equity. Some accounts require higher minimums and are listed below. Day trading accounts must maintain a minimum $25,000 equity, which includes cash and positions.

What are the margin requirements for ETFs?

Non-leveraged ETFs have the same margin requirement as Normal Stocks (National Market System or NMS securities). Leveraged ETFs are held at 100% initial and maintenance requirement.

What can I do if I cannot short a security?

If a short sale is rejected due to being hard-to-borrow, please reach Trade Desk via Live Chat from client portal (MY ACCOUNT) or Trading Platforms or by phone at 855-274-4934. Score Priority will attempt to locate a hard to borrow security for you.

What happens if I get a margin call?

Generally, you are issued a margin call via email. If you do not satisfy the margin call by the due date listed on the email, then securities are liquidated in your account to cover the margin call. When you do not cover the margin call yourself via liquidation, you are charged a $25 fee. For more information, please consult the Margin Calls and Flags Guidelines.

What is a sell-out/buy-in fee?

A Sell out/Buy-in fee is charged if you fail to meet a margin call and it becomes past due. The fee is assessed if Score Priority is forced to liquidate securities in your account to meet a past-due call. Please refer to Fee schedule page for related charges.

What is the margin requirement for short stocks?

Please view the margin requirements for short stocks on the Margin Requirements page.

What risks are involved in trading on margin?

Please note that trading on margin involves increased risk and could result in losses that exceed initial and/or subsequent investments. Since you are allowed to borrow funds above the amount deposited, trading on margin can result in losses greater than the initial principal invested. The decision to trade on margin must be considered carefully by each investor. Please examine the following Margin Agreement. Please also read additional information, including FINRA's Margin Information and FINRA's Investor Alert regarding margin.

Where can I see the interest being charged to my account?

Margin interest is charged to your account every month based off of a yearly rate. The rates can be found here. You may view the interest charged to your account in the client Cabinet either under Transactions History or you can view your statements under Reports

Why are all my trades in margin if I'm not borrowing?

In margin accounts, all stock and option trades are done in type margin. A margin account type does not necessarily mean that you are borrowing. It is possible to have a positive cash balance in your account but still trade as type margin. You are only borrowing when your purchases exceed the total cash in your account.