Pricing and fees

Q - Does Alpaca charge fees to transfer money in or out of my account?

No, Alpaca does not charge a fee to deposit or withdraw funds via Automated Clearing House (ACH).

Q - Will I incur commission or clearing fees with Alpaca?

No. For U.S. equity trades there are no commissions charged and all clearing fees are paid by Alpaca Securities LLC to our clearing firm, Electronic Transaction Clearing (ETC)

Note : Regulatory fees are assessed on all sell orders. Refer to the Regulatory Fees section for more information.

Q - What are the regulatory fees?

Regulatory fees are charged by the US Securities & Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) on all sell orders. Alpaca Securities LLC does not benefit financially from these charges, and they are passed on to the relevant regulatory agencies in full.

  • SEC: $22.10 per $1,000,000 of principal (sells only) - this fee is rounded up to the nearest penny.
  • FINRA Trading Activity Fee (TAF): $.000119 per share (sells only) - this fee is rounded up to the nearest penny and no greater than $5.95.

Q - Do I have to pay for them separately?

No. You are not responsible for paying regulatory fees separately, as they are deducted from sales proceeds.