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).
Additional resources
Updated about 6 hours ago