Simple low commissions
Stocks & ETF's
$2 base + 1/2 cent per share
$2 base + 75 cents per contract
TC2000 software & data service levels
TC2000 software and data subscriptions are sold separately from Worden Brothers, Inc., an affiliated company. The table below summarizes pricing and feature differences between Gold and Platinum. You can activate service levels and data feeds from within the software itself.
Data and news feeds can be added to Gold or Platinum. Data pricing below is for non-professionals. Real-time stock data includes NYSE, Nasdaq, Dow Indexes, S&P Indexes, Russell Indexes, NBBO, Morningstar Sectors and Industries.
Interest rates charged on margin loan balances
Compare our margin rates to other brokers. TC2000 Brokerage offers some of the most competitive rates available. We use a blended rate based on the size of your balance. To calculate the blended rate, the first $100,000 is charged at the tier I rate, the next $900,000 at the tier II rate, etc. TC2000 Brokerage accrues interest on a daily basis and posts the actual interest monthly on the 3rd business day of the following month. The tiers which interest is based upon may change from time-to-time without prior notification to customers. Such adjustments are done periodically to adjust for changes in currency rates.
|Tier I||$0 to $100,000||3.16%|
|Tier II||$100,001 to $1,000,000||2.66%|
4-1 Intraday Margin Ratio
A Reg. T account holding $10,000 in cash may purchase and hold on an intra-day basis $40,000 in securities given the default intra-day maintenance margin requirement of 25%, which translates to a buying power of 4:1. Some equities have higher margin requirements or are not marginable at all.
2-1 Overnight Margin RatioA Reg. T account holding $10,000 in cash may purchase and hold overnight $20,000 in securities as Reg. T imposes an initial margin requirement of 50%, which translates to a buying power of 2:1. Some equities have higher margin requirements or are not marginable at all.
Margin accounts must maintain a minimum balance of $2000
Minimum requirements to open an account
New accounts usually take 1-3 days to approve. Once approved, you have 60 days to fund the account with a minimum initial deposit of $2500. One of the questions in the new-account application will ask how many years you have been trading and how many trades you have made or expect to make per year. The #years multiplied by the #trades must be greater than 100. Your answer can include both real trades and simulated practice trades. TC2000 has a great paper trading simulator to get you comfortable.