| |
|
| |
|
WHAT FEES
ARE INVOLVED WITH OPENING AND MAINTAINING A
SUB-CONTRACTOR ACCOUNT? |
| |
|
Please
refer to the following information pertaining to
account and service fees for sub-contractor accounts
or checkout our
Fees Section: |
| |
|
Monthly Software Fees |
|
Realtick Monthly Subscription Fees: |
$249.00 +
Exchange Fees |
|
InstaQuote Monthly Subscription Fees: |
$99.00 +
Exchange Fees** |
|
|
*Monthly software
fees are debited from sub-contractor trading accounts by the
designated broker dealer within 5 business days of each month.
**InstaQuote
system offered FREE with a minimum of 150 tickets or 200k
shares per month.
Subscription fees
are rebated by designated broker-dealer within 5 business days
of month-end settlement. |
| |
|
Account Setup and Bank Wire/Check Request Fees |
|
|
|
One-time Account
Setup Fee: $99.00* |
|
|
Incoming Wire Fee:
$10.00** |
|
|
Outgoing Domestic Wire Fee:
$25.00** |
|
|
Outgoing
International Wire Fee:
$50.00** |
|
|
Check Request -
Express Delivery: $20.00** |
|
**Incoming and
outgoing wire fees are debited from trading accounts by the
affiliate private capital groups. |
|
|
|
Monthly Leverage Fee Schedule |
|
|
Monthly capital fees
are based on a monthly rate of 1% to 1.5% of supplemental firm
equity. All capital fees are debited from sub-contractor
accounts within 5 business days by the affiliate private
capital groups.
*Please refer to the following schedule to determine monthly
leverage fees: |
|
|
|
Monthly capital fees
are based on a monthly rate of 1% to 1.5% of supplemental firm
equity. All capital fees are debited from sub-contractor
accounts within 5 business days by the affiliate private
capital groups.
*Please refer to the following schedule to determine monthly
leverage fees: |
| |
|
Trader Equity Deposit |
Monthly Leverage Fees |
|
|
|
|
$5,000 - $10,000 |
$150 to
$225 |
|
$10,000 - $15,000 |
$225 to
$337 |
|
$15,000 - $20,000 |
$337 to
$450 |
|
$20,000 - $25,000 |
$450 to
$563 |
|
$25,000 - $50,000 |
$563 to
$1125 |
|
$50,000 + |
Negotiable |
|
| |
|
*Pre-set leverage
rates are based on standard twenty-five margin requirements
for all intraday trading of marginable equities on the NYSE,
NASDAQ, and AMEX exchanges. Additional charges may apply
for increases in trader multipliers. |
|
|
Back to top |
|
| |
|
HOW DOES
WTC NEGOTIATE PRICING FOR MY SUB-CONTRACTOR ACCOUNT? |
| |
|
During the
account setup process, WTC acts as a consulting
agent representing both the private capital groups
and prospective traders to negotiate pricing rates,
including commission structures with the selected
broker-dealers.
We utilize
information provided on your sub-contractor
application to help negotiate the best possible
pricing plans;
-
average number of trades/month
-
average shares/trade
-
selected trading platform
-
style of trading
And,
unlike most online brokerage accounts,
sub-contractors are not only able to choose from
multiple pricing plans, but can actually request a
completely customized pricing arrangement including
ECN rebates and all-inclusive pricing. |
|
Back to top |
|
| |
|
HOW DO I DETERMINE WHICH PRICING PROPOSAL BEST FITS
MY TRADING STYLE? |
| |
|
At WTC, we
understand that every trader has unique needs, so we
work closely with applicants during the account
setup process to provide assistance to traders with
selection of pricing proposals, trading platforms,
and optional data/service packages designed to fit
your needs. |
|
Back to top |
|
| |
|
HOW MUCH
AM I CHARGED FOR MONTHLY SOFTWARE & EXCHANGE FEES? |
| |
|
Currently,
sub-contracted traders able to choose between the
following two direct access platforms:
*InstaQuote offered FREE with a minimum of 150
tickets or 200k shares per month. All pricing
rebates are credited to sub-contractor accounts by
the designated broker-dealers.
Monthly
exchange fees will range from $10 to $50 per month
depending on the amount of data and supplemental
services requested by the trader.
Click here
for a complete list of fees involved with
sub-contractor trading accounts. |
|
Back to top |
|
| |
|
WHAT ARE THE EXCHANGE FEES FOR A PROFESSIONAL
TRADER? |
| |
|
Professional Subscribers are subject to additional
monthly fees assessed by the exchanges. NYSE, AMEX,
and OPRA bill the following fees directly to the
Professional Subscriber for their first display
device. Please contact the exchanges for the fees
for additional display devices.
Additional
Monthly Exchange Fees for Professional Subscribers:
-
AMEX
$30.20
-
OPRA
$32.25
-
NYSE
$127.25
*Exchange
fees are debited from sub-contractor accounts by the
designated broker-dealer. |
|
Back to top |
|
| |
|
HAVE MORE
QUESTIONS OR NEED ADDITIONAL HELP? |
|
|
|
Feel free to
contact a WTC representative seven days a week for
assistance. |
|
|
-
Call us
toll-free at 1-866-473-5069
-
E-mail us
-
Send a fax to
1-866-611-0913
-
Chat with a
representative via Live Support.
|
|
|
| |
|
