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Where Does The Rebate Come From?

Our competitors are generously compensated by exchanges and market-makers to steer customer orders in their direction. This form of compensation is best defined as “payment for order flow”.

Payment For Order Flow

Payment for order flow compensation is absorbed by the brokerage firm instead of being passed through to the customer.

Our Pricing

OpenHand clients will earn MORE than the monthly subscription cost on payment for order flow alone!

Pricing Tiers

Monthly
Shares Traded
Monthly
Subscription Fee
Avg rebate
per share
$ Rebate
50% of max tier shares
0 - 9,999 $1.00 .0005 $2.50
10,000 - 19,999 $2.00 .0005 $7.50
20,000 - 29,999 $3.00 .0005 $12.50
30,000 - 39,999 $4.00 .0005 $17.50
40,000 - 49,999 $5.00 .0005 $22.50
50,000 - 59,999 $6.00 .0005 $27.50
60,000 - 69,999 $7.00 .0005 $32.50
70,000 - 79,999 $8.00 .0005 $37.50
80,000 - 89,999 $9.00 .0005 $42.50
90,000 - 99,999 $10.00 .0005 $47.50
100,000 - 499,999 $50.00 .0005 $150
500,000 and above $100.00 .0005 $300+

Rebate Calculator

0
500,000
Rebate
$3.50

Other Fees

Margin Debit Interest 5%
TAF Fee $0.000119 per share, sell side only
SEC Fee 0.0000221 x dollar amount, sell side only
NSCC Fee 0.00003 per share, $0.18 maximum and $0.033 minimum
ADR Fee Pass-Through
FOCUS Fee 0.0000007 per share
SIPC Fee 0.000015 per share
OpenHand Mobile $0
OpenHand Gold $10
Assisted Trade $30