To qualify for 10 free stock trades, you must reach a $25,000 minimum balance in your account, or execute 25 trades.
The following price schedule applies to stock and ETF commissions:
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25 or more total trades per month
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Less than 25 total trades per month
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ACCOUNT BALANCE OF $25,000 OR MORE
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10 free stock trades per month, $4.50 otherwise
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10 free stock trades per month, $4.50 otherwise
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ACCOUNT BALANCE OF LESS THAN $25,000
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10 free stock trades per month, $4.50 otherwise
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$4.50 per trade
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Frequently Asked Questions
Q: If I qualify in multiple ways for the 10 free trades (such as make 25 paid trades
AND have over $25,000 in assets), do I get more trades?
A: No, you can only qualify for a maximum of 10 free stock trades in one month.
$25,000 Account Balance Qualification
Q: What is included in calculation of my balance? What counts against it?
A: Your account balance includes all cash, money market funds, stocks, exchange traded funds
(ETFs), mutual funds, and options in your account. Margin loans, if any, are deducted
from your balance.
Q: If I have multiple accounts, do they all count toward the balance qualification?
A: No, balances from separate accounts are not combined in determining the qualification.
Q: If I have an account balance of $25,000 at the start of the month, on what day do I get
free stock trades?
A: You are eligible for free stock trades from the first day of the month.
Q: How soon after my account balance reaches $25,000 do I start getting the 10 free stock trades?
A: When your end-of-day account balance reaches $25,000, the next day you will receive
10 free stock trades that you can use during the remainder of that same calendar month.
Q: If my account balance reaches $25,000, do my previous paid trades turn into free stock trades?
A: No, free stock trades do not apply retroactively.
Q: What if I have 10 free stock trades, and then my account balance drops below $25,000?
A: You still keep the 10 free stock trades for the remainder of the month.
25 Trades Qualification
Q: I executed 25 trades last month. Do I get free stock trades this month?
A: If you executed 25 total stock or options trades in the previous month, then
your first 10 stock trades will be free this month. If you want to continue to receive
free stock trades next month, then you'll need to execute a total of 25 trades this
month. The 10 free stock trades count towards the 25 total.
Q: I did not qualify for free stock trades last month. How do I qualify this month?
A: That's easy. Just execute 25 total stock or options trades this month to qualify.
Your next 10 stock trades this month will be free, and your first 10 stock trades
next month will be free.
Q: Do all types of trades qualify to reach the 25 trades qualification?
A: Stock, options and ETF trades all count toward the 25 trade qualification. Mutual
fund trades do not count at this time.
Q: Do free trades count toward the 25 trades qualification?
A: Yes, free stock trades earned at the beginning of the month count toward the qualification.
So if you already earned 10 free stock trades in a month, and you make 15 more paid trades,
you will receive 10 free stock trades the next month.
Q: How soon after I make my 25th trade do I get my 10 free stock trades?
A: You will get your 10 free stock trades immediately after you execute your 25th trade.
Q: If I make 50 trades in a month, do I get more free stock trades?
A: No, you can only qualify for a maximum of 10 free stock trades in one month.