Additional Fees charged by Velox Clearing
Domestic/International Wire | $30/50 |
Returned Check/ Wire/ACH | $30 |
Check Distribution domestic/International | $5/$10 |
International Delivery | At cost |
Blue Sheets | $5 |
DTC Delivery Transfer – stock/ Bonds | $50/$100 per position |
ACAT (outbound) | $100 |
Illiquid Charges | 12% interest charge |
Short interest | Pass through |
ADR Pass-Through Fees | As passed by the ADR agent bank. Generally ($0.01 – $0.03) per share |
Stock Mandatory Redemption (position exited out of DTC) | $50 |
Manual Option Exercise | $5 per exercise request |
Worthless/Delisted or Non- Transferable Securities Written off | $10 per write off |
Account Inactivity Fee | $10 quarterly |
Errors (cancel & rebill) | $5.00 per side |
Order Handling Fee (Call the order Desk) | $25.00 |
As of Trades | $10.00 per trade |
Corporate Actions | $10 for Mandatory and $50 for Voluntary |
Interest Charge regular/high risk | Broker s Call Rate or Velox rate (whichever is higher) plus 100 bps/300 bps |
Equity Trust IRA fee | $50 annual fe, termination $75 |
3rd Party Charge | Pass through |
DRS/DWAC | $100/item |
Buy-in or Sell-out | $25 |
Univest Securities Commission Schedule
Self Online Trading | |
Fixed | 35.00 |
Broker-Assisted Trading | |
Minimum | 35.00 |
Maximum | 5% of the total amount of trade |