Public’s Fee Schedule
The financial services industry is not famous for its transparency, and we think it’s time for that to change.
Public is committed to aligning our financial success with the best interests of our community of investors. So, we will not accept Payment for Order Flow (PFOF).
We want to make sure our customers fully understand what services Public offers — and what they cost! So here’s the breakdown:
| Public does not charge fees for US-listed stocks and ETFs during regular market hours (9:30 a.m. - 4:00 p.m. EST). | |
|---|---|
| Commissions or Execution Fees | $0 |
| Transaction Fees from Public | $0 |
| Extended hours trades for US-listed stocks and ETFs are also free for Premium members. | |
|---|---|
| Extended Hours Fees for Premium Members | $0 |
| Extended Hours Fees for non-Premium Members | $2.99 per trade |
Trading OTC securities is free for Premium members. OTC stocks that are set to ‘liquidation-only’ or ‘sell-only’ trading will also not be charged a fee for sale transactions.
| OTC Trading Fees for Premium Members or for OTC Securities set to ‘sell-only’ | $0 |
| OTC Trading Fees for non-Premium Members | $2.99 per trade |
| Public continues to be PFOF-free. In other words, this means that we will not route orders to market centers only because they will pay Public a fee for doing so. We want to remain impartial. | |
|---|---|
| Payment for Order Flow (PFOF) or Rebates | $0 |
Just so you know, there are a few trading fees that our regulators charge:
|
SEC Regulatory Fee Regulatory fees are required and passed onto the investor. These occur when users sell a stock or ETF, and often cost only a few pennies. |
$8.00 per $1,000,000 of principal (sells only), rounded up to the nearest penny |
| Trading Activity Fee (TAF) | $0.000145 per share (equity sells), this fee is rounded up to the nearest penny and no greater than $7.27 |
Crypto Trading Transaction Fees
Transparent transaction fees per order for crypto trades are shown below (offered in partnership with Bakkt Crypto Solutions LLC (NMLS ID 1828849)).
| Minimum Order Amount ($) | Maximum Order Amount ($) | Max Transaction Fee |
|---|---|---|
| $0.01 | $10.00 | $0.49 |
| $10.01 | $25.00 | $0.69 |
| $25.01 | $50.00 | $1.19 |
| $50.01 | $100.00 | $1.69 |
| $100.01 | $250.00 | $3.29 |
| $250.01 | $500.00 | $6.29 |
| $500.01 | - | 1.25% of order amount |
Recurring crypto orders are all charged the lowest 1.25% fee tier regardless of the order amount.
Costs Associated with Investment Plans
To cover the expenses associated with each transaction, we charge a nominal fee based on the number of stock & ETF assets in your Investment Plan.
| Number of stock & ETF symbols | Transaction Fee |
|---|---|
| 1-3 symbols | $0.49 |
| 4-10 symbols | $0.99 |
| 11-20 symbols | $1.99 |
If you’re a Public Premium member, you’re exempt from paying these stock transaction fees.
For Plans containing crypto, recurring crypto orders are all charged the lowest 1.25% fee tier regardless of the order amount.
| Costs Associated with Alternative Assets | |
|---|---|
| Commissions | 2.5% per transaction |
Alternative assets may have additional fees to offset asset storage, insurance, and management costs – as well as fees associated with asset sales or cash distributions. These fees are laid out in the specific asset’s offering circular.
Treasury Account Fees
On Public, Treasuries trading and custody services are provided by Jiko Securities.
| Jiko Securities charges a flat management fee | 5 basis points (0.05%) per month based on the average daily balance of your Treasury account |
The amount of management fee shown above is deducted from your Treasury account on a monthly basis. If there is not sufficient cash in your Jiko Securities account to cover the fee, Jiko Securities may sell Treasuries held in your Jiko Securities account to cover the shortfall. For more details, please see our Treasuries FAQ.
| Public Premium | |
|---|---|
| Cost per 30 days | $10 |
| Costs per year | $96 |
| We also do not charge for the following transfers and services: | |
|---|---|
| Automated bank transfers (ACH) of money to or from your Public account | $0 |
| Wire transfer of funds into your account (though your transferring firm might charge a fee) | $0 |
| ACAT transfers from other investment firms into your account | $0 |
| Electronic delivery of account statements, prospectuses, and tax forms | $0 |
| Electronic confirmations of every trade you submit, so you’re always on top of your investments | $0 |
We know some investors may require additional services from time to time. That’s why we offer the following transfers & services for a fee:
| Transfers | |
|---|---|
| Domestic Wire Transfer out of Public (ACH Withdrawals are free) | $25 |
|
Outgoing ACAT (if you’re thinking about an ACAT transfer out, please leave us a note. We’d love to hear what we can do better.) |
$75 |
| Domestic Overnight Check Delivery | $35 |
| Returned Check, ACH, Wire & Recall/Stop Payments | $30 |
| Instant Withdrawals | Up to 3.5% of the amount withdrawn, subject to a minimum of $1. |
|
Outgoing DRS Transfer Fee (Fee assessed by Apex Clearing, and is the cost for completing the transfer to directly register the shares with the transfer agent.) |
$115.00 per security |
| Services | |
|---|---|
|
Paper Statements (E-delivery is free! if you see a fee, and you haven’t opted into paper delivery, it’s likely that e-delivery failed. Update your email address here.) |
$5 |
| Paper Trade Confirmations | $2 |
| Paper Check Request | $5 |
| Return Mail | $2 |
| ACH Notice of Change/Correction | $5 |
| Domestic Overnight Mail | $50 |
| International Overnight Mail | $100 |
| Account Maintenance | |
|---|---|
| Account Maintenance | $0 |
| Escheatment Processing | $75 |
| TOD Account Transfer | $200 |
| Margin Debit Balance | Contact us |
|
Inactivity* Fee *Accounts with less than $20 in total value & no activity for the last 90+ days |
$5 every 6 months |
| Cash Debit Balance Sell-Out | $10 |
| Miscellaneous | |
|---|---|
| Restricted accounts | $15 |
| Worthless securities processing | $30 |
| Tender offer / Reorg processing (Domestic) | $50 |
| Fees for FX (Foreign Exchange) transactions on deposits and withdrawals | |
|---|---|
| FX for non-USD currency into USD (Deposits) | 0.30% |
| FX for USD currency into non-USD currency (Withdrawals) | 0.30% |
The percentage fee above is applied on the total volume of the FX transaction.
As always, our investors are our top priority. If you have any questions or concerns, let’s talk!
Open to the Public Investing, Inc and its affiliates may waive all, or part of any of these fees, permanently or for a period of time, at its sole discretion for any reason. Fees are subject to change at any time. This is not an offer, or solicitation of any offer to buy or sell any security, investment or other product. Processing and service fees assessed by third parties may be passed through to the customer’s account. Some products and services offered by Open to the Public Investing, Inc may require additional fees or transaction minimums for certain products or services not specifically listed here. As of 8/30/2023