It just takes a few minutes to open an account. Investors may open an individual, joint, corporate or IRA account to house their securities.
It just takes a few minutes to open an account or reserve shares*
Investors may open an individual, joint, corporate or IRA account to house your securities. Deposits can be made via wire transfer, ACH deposit or mailing in a check.
BANQ® offers $0.99 For Window Trades/ $3.95 for Real-Time Trades*
A window trade is an innovative way of placing trades designed for long-term investors. Instead of executing immediately orders are sent to market twice a day (11 AM and 2 PM).
In addition to our unique window trades, BANQ® offers market, stop, limit and stop/limit orders at a flat rate of $3.95 per trade.
BANQ®is a division and website operated by TriPoint Global Equities LLC, which is a registered Broker/Dealer with the Securities and Exchange Commission ("SEC") and member FINRA/SIPC/MSRB. TriPoint Global Equities FINRA CRD # is 143174 and SEC File #8-67540.
The Securities Investor Protection Corporation—or SIPC—is a nonprofit membership corporation that was created by federal statute in 1970. Unlike FDIC insurance, SIPC does not provide blanket coverage. Instead, SIPC protects customers of SIPC-member broker-dealers if the firm fails financially. Coverage is up to $500,000 per customer for all accounts at the same institution, including a $250,000 limit for cash. For more information about SIPC, go to SIPC.org.In addition to SIPC coverage, our clearing firm, FOLIOfn, has also purchased from certain underwriters at Lloyds supplemental customer securities insurance with a total aggregate limit of $50 million. This coverage is limited to a combined return of $10 million to any customer from SIPC and certain underwriters at Lloyds. Neither SIPC nor the insurance coverage protect against losses resulting from a decline in the market value of securities.
|Real-Time Trades||$3.95 Per Trade||Market order/ Limit order/ Stop order/ Stop limit order|
|Window Trades||$0.99 Per Trade||Trades are executed twice daily, at 11 am and 2 pm*, during regular market hours.|
|Trading Services Fees||Variable, adjusted periodically||Fees to offset regulatory and transaction costs imposed on brokers relating to sell transactions in certain securities.|
|Service Fee||$15.00 Per Quarter||If 3 or fewer trades in the preceding quarter or no purchase of offerings. Charges for additional services such as IRA custodial fees, may apply. See Special Service and Fee for Standard Rates.|
|Full Account Transfer Out||$100 Per Account||Applied when you transfer your entire account to another brokerage firm.|
|Partial Account Transfer Out||$5 per security ($25 min / $75 max)||Applied when you transfer some of the securities (e.g., stocks) in your account to another brokerage without selling the securities.|
|Personal Access Check||$5.00 Per Booklet||Applied when you transfer some of the securities (e.g., stocks) in your account to another brokerage without selling the securities.|
|Returned Check or EFT||$35 Per Occurrence||Applied when Non-sufficient Funds (NSF) result in a returned check or failed Electronic Funds Transfer request|
|Stop Payment on Check||$35 Per Check test||Market order/ Limit order/ Stop order/ Stop limit order|
|Check Copy||$20Per Check||Market order/ Limit order/ Stop order/ Stop limit order|
|Disbursement of Funds by Check by Mail from BANQ®||$20 Per Check||You may avoid this fee by using an EFT or writing a check from your account.Express Mail$30 per mailing, M–F delivery $45 per mailing, Sat delivery|
|Paper Copies of Account Statements & Confirmations||$10 per statement or confirmation request||Market order/ Limit order/ Stop order/ Stop limit order|
|Broker-Assisted Services: Buy & Sell Securities by phone, Transfer of Securities, Cash, and Tax Lots Between Accounts||$45 Per Request||You can avoid this fee by performing these actions online, without Broker assistance. We do not provide these services by email.|
|Process Removal of Securities Restriction for Restricted Securities (Rule 144)||$75||Market order/ Limit order/ Stop order/ Stop limit order|
|Voluntary Corporate Action||$30 per Corporate Action Election||Applicable when you participate in the tender offer for a corporate reorganization, however, there is no charge for mandatory actions, such as mergers or acquisitions.|
|Charge for Special Services||$100 per hour, $25.00 minimum charge||Hourly charges apply when you require services not covered by the charges above, such as research requests, manual credit card transactions, and validation for IRA distributions when beneficiaries are not designated or there are no living designated beneficiaries.|
|Account Statement Alert Failure/ Bad Email Address Fee||$5 per occurrence, $25.00 minimum charge||Applied when email alert regarding your monthly statement can not be delivered. You can avoid this fee by simply updating your email address before the end of the month upon receiving a physical letter regarding delivery failure of email alert.|
|IRA Custodial Fee||$25 per year||For each IRA custodial account we will apply this fee annually, or when you close your IRA if this fee has not already been applied for the year.|