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Welcome to Zions Direct

Click on the links below for information about our new platform.

Fees & Commissions

Commissions
  • Stocks & ETFs
  • Options
  • Fixed Income
  • Mutual Funds
  • Online Trades Minimum Maximum Representative Assisted
    $0.005 per share 1, 2, 3, 4 $5.00 1.5% of trade value Online Rate + $25.00
  • Online Trades Minimum Representative Assisted
    $1.00 per contract 1, 2, 3, 4 $5.00 Online Rate + $25.00
  • Corporates and Municipal Bonds

    Amount of Trade Commissions Minimum Maximum Representative Assisted
    <= $10,000.00 0.1% * Face Value (10 bps) 1, 2 $5.00 0.5% of trade value 1 Online Rate + $25.00
    > $10,000.00 0.05% * Face Value (5 bps) 1, 2


    Treasuries

    Amount of Trade Commissions Minimum Maximum Representative Assisted
    <= $1,000,000.00 0.05% * Face Value (2 bps) 1 $5.00 None Online Rate + $25.00
    > $1,000,000.00 0.05% * Face Value (0.2 bps) 1 $5.00 None Online Rate + $25.00
  • Online Trades Representative Assisted
    No Transaction Fee Funds 1 0.00 0.00
    Transaction Fee 1 $19.95 Online Rate + $25.00
Monthly Activity

We require that each account generate a minimum of commissions per month. Accounts generating commissions less than the minimum as stated below in any given month will be assessed the difference as a monthly activity fee (Activity Fee = Minimum Required Monthly Commission – Actual Monthly Commission). Please note that the monthly activity fee is based on commissions only, and does not include fees related to third-party assessments such as market data subscriptions or order modification/cancellation fees.

In addition to monthly fee minimums, we pass through market data fees from the exchanges for any real-time market data service in which a client subscribes. Clients choosing to subscribe to US non-professional real-time market data will have the $10 (or non-USD equivalent) monthly market data subscription fee waived if they spend $30 (or USD equivalent) or more in commission for the month.

Account Structure Monthly Activity Fee 1 Waiver

Single Accounts, Individuals and Small Businesses



unless any of the following criteria exist:

Monthly Activity Fee = 0 if monthly commissions are equal to at least $10.

If monthly commissions are less than $10, Standard Activity Fee = $10 – commissions.

Example:
Monthly commissions = $6
Standard Activity Fee = $10 – $6
Standard Activity Fee = $4

The first three full calendar months 2

or,

Accounts whose Net Liquidation Value >= $100,000 (or non-USD equivalent)

Client is age 25 or under

Monthly Activity Fee = 0 if monthly commissions are equal to at least $3.

If monthly commissions are less than $3, Activity Fee = $3 – commissions.

Example:
Monthly commissions = $1.25
Activity Fee = $3 – $1.25
Activity Fee = $1.75

The first three full calendar months 2

or,

Accounts whose Net Liquidation Value >= $100,000 (or non-USD equivalent)

UGMA/UTMA Accounts

Monthly Activity Fee = 0 if monthly commissions are equal to at least $10.

If monthly commissions are less than $10, Standard Activity Fee= $3

The first three full calendar months 2

or,

Accounts whose Net Liquidation Value >= $100,000 (or non-USD equivalent)

Linked Accounts

Monthly Activity Fee = 0 if consolidated monthly commissions are at least equal to (number of accounts x $10).

Example:
Advisor has 12 sub accounts, number of Accounts = 12

Monthly consolidated commissions minimum requirement is 12 x$10 = $120

If the monthly consolidated commissions are less than the required minimum, an activity fee is charged on an account-by-account basis using the Standard Activity Fee calculation described above.

If after performing the consolidated calculation, it is determined that fee must be charged on an account-by-account basis, then the following waivers will be applied to each client account:
The first three full calendar months 2

or,

Accounts whose Net Liquidation Value >= $100,000 (or non-USD equivalent)

Margin Rates

BM = Benchmark Rate* as of 08/01/2019 is 2.12%

Loan Amount Rate Charged
$0 – 100,000 4.62% (BM + 2.5%)
$100,000.01 – 1,000,000 4.12% (BM + 2%)
$1,000,000.01 – 3,000,000 3.62% (BM + 1.5%)
$3,000,000.00.01 + 3.42% (BM + 1.3%)
FDIC SWEEP PRODUCT

The current rate on the FDIC sweep product is .30% as of 04/01/2019

Withdrawals

IB allows one free withdrawal request per calendar month. After the first withdrawal (of any kind), IB will charge the fees listed below for any subsequent withdrawal:

Wires Checks ACH/EFT
10.00 4.00 1.00
DTC Position Transfers
Transfer Method Type Fee

ACATS

Deposit or Withdrawal

None 1

DWAC

Deposit or Withdrawal

$100 per settled transaction

DRS

Deposit

$25 per settled transaction; $100 per rejected transaction

DRS

Withdrawal

$5 per settled transaction; no fee for rejected transaction

Miscellaneous Fees
Amount
Stop Payment of Checks $50.00
Bounced Checks $25.00
Quarterly IRA Fee $7.50