Fees

Here, we provide a transparent guide to understanding all costs associated with using the BBAE platform. As a part of our commitment to transparency, this section will comprehensively detail our fee structure, ensuring you’re fully informed about any charges related to investing with BBAE.

MyMarket – Commission Rates

Individual Accounts: U.S. Listed Equities and ETFs

  • $0.00 per trade
  • Unlimited trades
  • Zero commissions or platform fees

Individual Accounts: U.S. Listed Options

  • Flat Fee: $0.99 / contract
  • Options Packages: As low as $0.4798 / contract
  • Options Exercise / Assignment: $6.99 / trade
  • Option package contracts can be used for up to 90 days.
Options PackagesPrice per Contract
100 contracts$0.89
500 contracts$0.79
1,000 contracts$0.599
2,000 contracts$0.4995
5,000 contracts$0.4798

Zero commissions on self-directed individual cash or margin accounts trading U.S. listed equities and ETFs via the BBAE platform. Please note that relevant SEC & FINRA fees may still apply. For options trading, commissions will be charged on a per contract basis. With each newly opened options trading account, three complimentary option contracts will be provided for use within the first 90 days. You may purchase options packages, which remain valid for 90 days from the purchase date. Any unused contracts after 90 days will expire. If you exhaust the number of contracts in your package, you can purchase additional packages at any time. In case you choose not to purchase extra packages, a charge of $0.99 per contract will be applicable.

MyAdvisor – Fee Rates

MyAdvisor’s AUM-based advisory fees0.50% / annum

The fee structure for managed portfolios in BBAE’s MyAdvisor is a flat rate of 0.50% per annum of assets under management (AUM). This fee applies to all portfolios, regardless of their specific investment strategy or composition, and covers all brokerage transaction fees and rebalancing services for your portfolio. We prioritize transparency and simplicity in our fee structures, ensuring that there are no surprises or hidden charges.

All fees are assessed on a monthly basis at the beginning of each month for the previous month’s activity. To determine the Assets Under Management (AUM) fee, we evaluate the average balance over the prior month. The fee is calculated using a 365-day basis.

Margin Interest Rates

Margin interest refers to the interest charged on borrowed money against securities you already own. When you purchase stocks or other investments on margin through BBAE, you deposit some of your own money, and borrow the remaining amount. BBAE’s current margin interest rates will apply to this borrowed amount.

For example, if you open a $100,000 position with BBAE but deposit only $50,000, you have used $50,000 of margin and must pay interest according to BBAE’s margin interest rates.

Loan BalanceInterest Rate
$0 – $100K8.33%
$100K – $1M7.83%
$1M – $3M7.33%
$3M+7.13%

The margin interest rates are effective as of 07/26/2023 and are subject to change without prior notice.

Using margin through BBAE amplifies your gains and losses, allowing you to earn greater returns on your investments when markets perform well but also exposing you to greater losses when markets decline. Borrowing more on margin increases risk.  You may face margin calls from BBAE, be forced to deposit additional funds or sell securities to maintain the margin requirements on the positions, or have positions liquidated without notice if your account balance falls below the maintenance margin level.

Margin can be a useful tool for some investors, but you must fully understand the risks before trading on margin through BBAE. Due to the additional leverage and volatility, margin is best suited only for experienced investors seeking to aggressively amplify returns. Please review all of BBAE’s margin policies, rates, and requirements before using margin in your account.

Fund Transfer Fees

Zero fees for ACH transfers. Zero fees for deposits. Link your account with your bank by ACH today to take advantage of this cost-effective option. Familiarize yourself with the complete fee structure below to manage your funds efficiently.

ACH Transfers$0 / each
Domestic Wire Transfers (Outgoing Only)$25 / wire
International Wire Transfers (Outgoing Only)$50 / wire
Returned Checks / ACH / Wires and Recalls
(Including Amendments/Repairs)
$30 / item
ACH Notice of Correction$5 / notice
Stop Payments$30 each
Check Copies$15 each

*Please note that additional wire transfer fees may be charged by any originating, intermediary, or recipient bank. Wire transfer reversal fees apply to both incoming and outgoing reversals. Furthermore, any originating, intermediary, or recipient bank may charge additional fees for wire transfer reversals.

Market Data Fees

BBAE provides free real-time market data for all Non-Professional Investor customers who maintain an account balance greater than $2,500. Market data fees apply for customers with an account balance less than $2,500 and those deemed to be Professional Investors. For all Non-Professional Investor new customers, market data fees will be waived for a period of 90 after the first deposit.

Please review the information below for a detailed breakdown of our market data fees.

Stocks – Real-time Market Data (Non-Professional) (>=$2,500 account balance)$0
Stocks – Real-time Market Data (Non-Professional) (>$250 < $2,500 account balance)$3/month
Stocks – Real-time Market Data (Non-Professional) (<=$250 account balance)$10/month
Stocks – Real-time Market Data (Professional Investor)$76/month
Options – Real-time Market Data (Non-Professional)$0
Options – Real-time Market Data (Professional Investor)$50/month

Regulatory Fees

SEC Fee (Sellside only)$0.0000278 / $1 of proceeds, rounded up to the nearest penny
FINRA TAF (Sellside only)Equities: $0.000166 / share, no greater than $8.30 per trade, and no less than $0.01
Options: $0.00279 / contract, no less than $0.01
Options Regulatory Fee$0.02685 / contract
OCC Clearing Fees (Covered by BBAE)$0.055 / contract
French Financial Transaction Tax (Only applicable on the purchases of French ADRs)0.3%

Regulatory fees are charges levied by various regulatory bodies to cover the costs of maintaining market integrity, protecting investors, and ensuring the stability of the financial system. BBAE does not charge these fees.

Miscellaneous Fees

Miscellaneous Fees cover a range of scenarios, including voluntary reorganizations, margin sell-out, physical trade settlement, and broker-assisted trading, among others. It’s important to familiarize yourself with these fees to better understand the potential costs that may arise in specific situations.

Domestic Voluntary / Post Actionable Reorgs$50 / security
International Voluntary / Post Actionable Reorgs$100 / security
Reorg Physical Processing Fee$125 + transfer agent fee
Margin Sell-Out Fee$25 / ticket
Forced Buy to Cover$25 / ticket
Non-transferable stocks$10 / security / month
Domestic Overnight / Certified Mail$300 / request
International Overnight / Certified Mail$300 / request
Physical Trade Settlement*$300 / security
Broker-Assisted Trading Fee**$50 / security

* Physical Trade Settlement Fees are for securities that are non-DTCC eligible and must be held as physical certificates. Transactions involving the Pacific Stock Exchange will incur an additional $300 fee per security. Please note that Redbridge does not accept physical securities for deposit into brokerage accounts.

** This is a fee charged for trades that require the assistance of a broker. Broker-neutral symbols cannot be traded directly through the app or online platform, so a broker must manually enter the order on your behalf. The fee for this service is $50 per security.

Processing and service fees assessed by our clearing firm and/or third parties may be passed through to the customer’s account. Some products and services may require additional fees or transaction minimums not specifically listed here. Prior to placing a trade or requesting any services, it is the customer’s responsibility to ask Redbridge Securities if any additional fees will apply. Please be advised that in the event a customer’s account lacks sufficient funds to cover upcoming charges, a prorated fee may be applied and Redbridge retains the right to close accounts in order to prevent additional debits.

Optional Service Fees

Fractional Share Investing$5.99 / month

Short Interest Rates

Short Interest and Hard-to-Borrow rates, which are essential factors to consider when short selling stocks, are available in the stock details page inside the BBAE app. These rates are indicative only and are subject to daily fluctuations without notice. To stay informed about the short reference rate, please visit the stock details page for the stock that you are interested in shorting. Understanding these rates is crucial for investors who engage in short selling strategies and wish to manage their positions effectively.

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