1.800.524.8875

Mon-Fri: 7 AM - 5 PM MT

********Change in Conversion Completion Date – the new effective date for the conversion to be complete is February 28, 2017***********

It was previously announced that the completion date for our conversion would be 12/31/2016, and that date has been extended to 2/28/2017. If you received a letter with the 12/31/2016 completion date please accept this as your notice of the date change.


Zions Direct is excited to announce that we are changing our clearing firm to Interactive Brokers LLC (IB) effective immediately. At Zions Direct we regularly look for ways to enhance our ability to provide clients with the tools necessary to help you achieve your financial goals. Zions Direct will continue to serve as your broker-dealer, while IB will assume the trade execution, clearing and custody functions currently supported by National Financial Services LLC (NFS). You will receive information via the mail shortly on how to transition your account(s) to the new platform. Changes to our website reflect this new business relationship and we hope that you will take the opportunity to get familiar with the website and ask any questions you might have.

Fees & Commissions

IB Commissions
  • Stocks & ETFs
  • Options
  • Fixed Income
  • Mutual Funds
  • Online Trades Minimum Maximum Representative Assisted
    $0.005 per share 1, 2, 3, 4 $5.00 0.5% 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 12/19/2016 = 0.66%

Loan Amount Rate Charged
$0 – 100,000 3.16% (BM + 2.5%)
$100,000.01 – 1,000,000 2.66% (BM + 2%)
$1,000,000.01 – 3,000,000 2.16% (BM + 1.5%)
> $3,000,000.00 1.76% (BM + 0.9%)
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

NFS Fees and Commissions

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        Zions Direct

        Definitions

        Auction
        A process allowing investors to place bids which may influence the prices and yields of securities they purchase.
        Bid by Price
        A designation to bid in a securities auction to influence the price of a security.
        Bid by Yield
        A designation to bid in a securities auction to influence the yield of a security.
        Broker Call Rate
        Interest rate charged by banks on loans made to Broker-Dealers.
        Buy Today
        Purchase a security at a set price without participating in an auction.
        Call Feature
        Identifies whether or not a bond is callable, which means the issuer can buy the bond back prior to maturity.
        Corporate Bond
        A bond issued and backed by a corporation (i.e. banks, retail chains, etc.)
        Coupon
        The annual interest rate that will be paid to the holder of a security, expressed as a percentage of the par value.
        Current Auctions
        Active auctions in which investors can still place bids.
        Current Market Clearing Price
        The most recent price, in dollars at which a given security was traded.
        Current Market Clearing Yield
        The most recent yield at which a given security was traded.
        Exchange Process Fee
        A fee charged by Zions Direct which offsets fees imposed by national securities and self-regulatory organizations or by U.S. option exchanges. This fee is in addition to commissions charged.
        FDIC-Insured CD
        A certificate of deposit that is backed by the Federal Deposit Insurance Corporation.
        First Interest Date
        The day the first interest payment will be made.
        Int. Accrual Date
        The day on which interest begins to accumulate.
        Int. Frequency
        When or how often interest payment(s) will be made. (i.e. 'At Maturity,' 'Semi-Annually')
        Issue Type
        Indicates the nature of the sale of a given security (i.e. Primary or Secondary)
        Issuer
        The entity offering to sell a security to investors.
        Maturity Date
        The day on which the issuer will return the principal to the investor.
        Municipal Bond
        A bond issued by a municipality to fund public projects like the construction of schools, roads, hospitals, etc.
        Past Auctions
        Results from auctions that have already closed.
        Price
        The actual cost of the security.
        Security
        An exchangable asset of value, including stocks, bonds, and other financial instruments.
        Settlement Date
        The day an executed trade must be reconciled - i.e. the buyer or auction winner must pay for securities obtained.
        Stock
        An equity security that denotes partial ownership in the issuing company, entitling the shareholder to a portion of its income.
        Term
        The length of time between a security's settlement date and its maturity date.
        US Agencies
        Securities issued by US government organizations.
        Yield
        The annual interest generated by a security divided by its current market price, expressed as a percentage.