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Partner Programs

MB Trading (MBT) and MB Trading Futures (MBTF) users must review the following Provisions and indicate their agreement to these provisions by clicking "I agree" below.

MBT and MBTF provides third party links and software applications solely as a convenience or for educational or informational purposes to its users. MBT and MBTF customers / users must review the following Provisions and indicate their agreement to these provisions by clicking "I agree" below.

MBT and MBTF, including its officers, members or employees, may: (1) have an affiliation with independent third party providers; (2) have direct or indirect control over independent third party providers; and/or (3) have discretion to alter the content of any third party link or software application.

MBT and MBTF does review the content of third party websites for compliance with federal, state or SRO rules or regulations regarding promotional material including advertising unless, otherwise not required by regulation. By linking to any third party website, you acknowledge and affirm that upon clicking on a third party link, you will immediately leave a website maintained by MBT and MBTF. You further acknowledge that all websites accessed through any third party application are not controlled by MBT and MBTF, except for MBT and MBTF’s website.

MBT and MBTF does not warrant the timeliness, accuracy or completeness of any facts, material or information contained on any third party website that is outside the control or knowledge of MBT and MBTF. Moreover, MBT and MBTF does not warrant the functionality of any third party application downloaded from its website. By clicking on any third party link or downloading any third party application, you hereby confirm and agree that MBT and MBTF shall not be responsible or liable for any loss or damage caused by use of or reliance upon facts, material or information obtained through the use of the third party website or application or for any loss or damage caused by use of a third party application.

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MBT and MBTF reserves the right, in its sole discretion, to add or discontinue third party links or software application downloads on its website at any time and for any reason. Trademarks, logos, and service marks represented on this website are trademarks of their respective companies. Permission was granted for their use.

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Futures: Misc Fees

  Transfer Fees
  ACAT Transfer Incoming FREE
  ACAT Transfer Outgoing $50
  Check Request Standard Delivery FREE
  Check Request Overnight Delivery $20
  Check Request Overnight Delivery (International) $30
  DTC Transfer Incoming FREE
  DTC Transfer Outgoing $25
  Internal Journal Transfer FREE
  Wire Transfer Outgoing (Domestic) $15
  Wire Transfer Outgoing (International) $50


 Trade Related Fees
  Change Orders* FREE
  GTC Orders* FREE
  Hard-to-Borrow (HTB) Fee
Varies

Please be aware that any equity that you “short” can be subject to added fees. Equity symbols that are on the "Easy to Borrow" list do not automatically qualify them to not be charged added fees. While this is subject to change the current fee to short any of the Equity symbols that are not on the “Easy to Borrow” list will range from 0% to 5% per year. All fees are calculated daily and the interest rate could increase and vary from day to day.

Intra-day locates for stocks that are not on the Easy to Borrow list are subject to the same fees with the initial percentage being 0% or greater.

Fees can change daily and are in addition to the Margin fees that are applied separately to all short positions held overnight.

SEC revised its short sale regulation regarding the prohibition of short sales of financial company stocks which, among other things, amended the list of securities which are to be covered. Pursuant to the short sale rules, Penson is required to borrow shares to make delivery and in doing so, incurs charges, which is passed through to your account. Each security’s availability vary day to day, in addition rates may vary as well. For more information related to the SEC Short Sale Rule, please visit SEC’s website at http://www.sec.gov/.
  MBTX Advanced Orders* FREE
  Order Cancellations* FREE
  Phone Orders* FREE
  SEC Transaction Fee
SEC Section 31 Fee $18.00 per million
This fee is paid to the SEC (Securities Exchange Commission) and is based on the total dollar amount of securities sold. To calculate the fee, multiply the aggregate dollar amount of sales by the current fee rate (0.0000180). The resulting figure should then be truncated at the fifth place after the decimal point and then rounded up to the next cent. For more information please visit the FINRA website.
$18.00/million
  Trading Activity Fee
Trading Activity Fee $.0.000090 per share
The FINRA charges a Trading Activity Fee (TAF) to ensure adequate funding levels for its member regulatory program. All equity transactions (including Bulletin Boards and Pink Sheets) incur an additional $0.000090 per share charge (maximum of $4.50 on a 50000 share order), while option transactions will incur an additional $0.002 per contract charge, regardless of commission plan. For more information please visit the FINRA website.
$0.000090/share


  Securities Processing Fees
  ADR Holding $.03 per share per year
  DWAC and DRS Processing
  (Incoming/Outgoing)		 $30
  Statement Withdrawal $30
  ESOP Trades $125
  Foreign Transfer of Canadian Securities per certificate $50
  Physical Stock Certificate Deposit** $75 per cusip/deposit
  Physical Stock Certificate Safe Keeping per Quarter $15
  Physical Stock Certificate Withdrawal (Non-DRS Eligible)
  Standard Delivery 		$235
  Physical Stock Certificate Withdrawal (Regardless of DRS Eligible)****
  Rush Delivery 		$575
  Restricted Stock Processing $125 per cusip/deposit
  Worthless / Non-Transferrable Securities

If DTCC deems a security worthless and non-transferrable when a security has no transfer agent or company contact for a period of six years or more. DTCC will charge all participants for holding this position monthly. To have this removed from account, please send an email to orderdesk@mbtrading.com

 $7.50 / month
  Warrant Exercise $125
  Worthless Security Reinstatement $15 / per cusip


  Miscellaneous Fees
  ACH Recalls/Returns/Reversals $30
  ACH Correction $5
  Additional Username* FREE
  IRA Annual $30
  IRA Closing $20
  Legal Items (Garnishment, Levy processing, etc). $25
  Money Market Check Re-order $7.04 plus tax
  Non-Sufficient Funds (NSF) - ACH and Check Deposits $30
  Research Fee   $25
  Returned Money Market Check   $30
  Returned Mail*** $2
  Stop Payment $30
  Wire Investigation $50
  Wire Recalls/Returns $30
  Wire Repairs/Amendments $15

* Fees may apply if original username has subscribed to additional software data feeds.

** We reserve the right to refuse acceptance of any submitted stock certificates. Processing of stock certificates usually takes a minimum of 15 business days.

*** Each piece of mail returned mail will be a $2 charge including statements and confirmations.

**** Any securities that can clear through the DTC's Direct Registration System (DRS) should be withdrawn via DRS transfer rather than a physical Stock Certificate. DRS eligible securities withdrawn by a physical Certificate can only be sent via Rush Delivery.