Know what your trading costs

Clear Street charges transparent commissions you can see instead of hidden costs you have to find. Low, volume-based rates mean you keep more of every trade.

Trading fees

Stocks & ETFs

Commissions on stocks and ETFs are charged per share, and your rate is set by how much you trade each month.

Monthly shares traded
Commission per share
First 300,000
$0.0030
300,001 – 1,000,000
$0.0020
Above 1,000,000
$0.0010

How your rate is applied

  • Every order carries a minimum commission of $0.25.
  • Your commission is capped at 1% of the trade's notional value.
  • Tiers apply marginally, so each tranche of volume is priced at its own rate.
  • Volume tiers reset at the start of each calendar month.
  • Regulatory and exchange fees are passed through at cost on eligible trades.

Options

Options are priced at a single flat rate per contract.

Item
Rate
Commissions, per contract
$0.30

Additional details:

  • Commission rates do not include exchange fees, regulatory fees and index fees.
  • Index options may carry additional fees on a per instrument basis.

Financing rates

Margin & financing

Margin interest is charged on the balance you borrow.

Account equity
Rate you pay
Under $50,000
6.50%
$50,000 and above
Benchmark + 1.45%  = 5.33%

How your rate is applied

  • The benchmark is the Overnight Bank Funding Rate (OBFR), currently around 3.88% (as of Sep 28, 2026).
  • Interest is charged only on your debit balance, not on your full account.

Interest on idle cash

Your uninvested cash generates interest at a rate associated with your overall account net equity value.

Cash balance
Cash yield
Under $50,000
0.00%
$50,000 – $1,000,000
Benchmark − 0.45%  = 3.43%
Over $1,000,000
Benchmark − 0.20% = 3.68%

How your rate is applied

  • Yields are tied to the effective federal funds rate and move with it.
  • The benchmark is the Overnight Bank Funding Rate (OBFR), currently around 3.88% (as of Sep 28, 2026).

Fees

Banking Fees
ACH Deposits & Withdrawals
Free
Outgoing Domestic Wire
$25
Outgoing Foreign Wire
$45
Reorg Wire Fee
$25 minimum
ACH Notice of Correction
$25

Regulatory and exchange fees

Some charges on your statement do not come from Clear Street. They are third-party fees from regulators, exchanges and clearing houses, and we pass them through at cost.

  • Regulatory Transaction Fee, charged when you sell.
  • FINRA Trading Activity Fee (TAF).
  • Options Regulatory Fee (ORF) and exchange fees.
  • Clearing and settlement fees (NSCC / DTC).

Rates on this page are as of September 28th, 2026 and are subject to change.

How Clear Street pricing works

Clear Street is priced with transparency, so you can do the math yourself. Here is exactly how all your rates are set.

Step 1

Your volume sets your tier

Stock and ETF commissions are priced by your monthly share volume, and margin rates are set by your account equity.

Step 2

Tiers apply marginally

Each tranche of volume is priced at its own rate, like tax brackets, so crossing a threshold never re-prices the trades you already made.

Step 3

Everything resets monthly

Volume tiers reset at the start of each calendar month, so every month starts fresh.

Common questions. Clear answers.

How are commission tiers applied?

Tiers apply marginally, like tax brackets. Each tranche of your monthly volume is priced at its own rate, so crossing into a new tier never re-prices the shares you already traded. Tiers reset at the start of each calendar month.

What benchmark are margin and cash rates tied to?

Both are tied to the Overnight Bank Funding Rate (OBFR). When it moves, your margin rate and your cash yield move with it, using the formulas published on this page.

What regulatory fees will I see on my statement?

You may see the Regulatory Transaction Fee on sales, the FINRA Trading Activity Fee, the Options Regulatory Fee with exchange fees, and clearing and settlement charges from NSCC and DTC. These are third-party fees passed through at cost.

Is there a minimum commission?

Every stock and ETF order carries a minimum commission of $0.25, and your total commission is always capped at 1% of the trade's notional value.

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