Capital One ShareBuilder Reduces and Simplifies Trade Commissions
$6.95 flat base rate for real-time trades, available to all customers with no
trading or account minimum requirements
SEATTLE, March 1, 2013
SEATTLE, March 1, 2013 /PRNewswire/ --In its continued commitment to
delivering simple and affordable investing, Capital One ShareBuilder is
introducing a new, flat base commission structure for real-time trades,
available to all investors regardless of account size and trading activity
Beginning March 1, Capital One ShareBuilder customers will pay just $6.95 in
base commission for real-time stock and exchange-traded fund ("ETF") trades,
and $6.95 plus $0.75 per contract for options trades. This is a reduction from
the previous $9.95 standard base commission, and $7.95 Advantage Program base
commission price, which was available by subscription for $12 per month.
Advantage Program real-time pricing is eliminated, and real-time trades are
now as low as $6.95 for all customers.
"At Capital One ShareBuilder, simplifying the investing experience is at the
core of everything we do," said Dan Greenshields, President of Capital One
ShareBuilder. "This new flat pricing program makes commissions easier to
understand, while expanding access to great value for more investors –
regardless of account size or trading activity level."
ShareBuilder's New Real-Time Commission Pricing Schedule (effective March 1,
Service Base Rate^1
Online Trades $6.95 per trade
Options Trades $6.95 + $0.75 per contract
$0 no-load, no-transaction fee funds (online
Mutual Fund Trades only)
$19.95 no-load, transaction fee funds
Phone Trades (broker-assisted) $19.95
Advantage Program pricing is available for participants in ShareBuilder's
Automatic Investing^2 Plan, which allows investors to make dollar-based stock,
ETF and mutual fund investments on a pre-scheduled basis, at a reduced rate.
For $12 per month, Advantage Program participants can place up to 12 Automatic
Investments per month ($1 for each additional Automatic Investment).
Customers not subscribed to the Advantage Program pay $4 per investment.
For more information on the new pricing program, including rules and
restrictions, and how we stack up against other brokers, click here.
^1Other charges may apply over the base commission including Express Funding,
low priced securities, options exercise and assignment, and Mutual Fund Early
Redemption fees. Costs and other expenses apply to continued investment in
no-load funds and are described in the fund's current prospectus. For
complete information, see our Pricing and Rates
^2Automatic investments are recurring or one-time online purchases on
Tuesdays. All sales are made with market or limit orders and are subject to
applicable commissions. Investment and funding instructions can be edited up
to 5 PM ET on the Monday before you purchase. Automatic investments may be
made once a mutual fund minimum is met. To sell your shares, you must use a
regular mutual fund trade - sell order, which may be subject to applicable
About Capital One ShareBuilder
Capital One ShareBuilder is a leading online investing site for investors who
have long-term financial goals and want to say goodbye to investing
complexity. Whether you're a seasoned investor or just getting started,
ShareBuilder by Capital One has what Americans need to help plan for their
financial future without sacrificing their lives to the stock market. No
minimum balance required when you open an account and pay low commissions when
investing. Trade when you want, any amount you want, and what you want —
stocks, exchange-traded funds, mutual funds, options and retirement solutions.
Securities products are offered by Capital One ShareBuilder, Inc., a
registered broker-dealer and member FINRA/SIPC. Capital One ShareBuilder, Inc.
is a subsidiary of Capital One Financial Corporation. Follow us on Twitter and
Securities products are: Not FDIC insured - Not Bank guaranteed - May lose
Contact: Alison Cahill Rouse
SOURCE Capital One ShareBuilder, Inc.
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