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March 01, 2013 at 06:00 AM EST
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 /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 level.

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, 2013)

Service

Base Rate1

Online Trades

$6.95 per trade

Options Trades

$6.95 + $0.75 per contract

Mutual Fund Trades

$0 no-load, no-transaction fee funds (online 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 Investing2 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 transaction fees.

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 Facebook.

Securities products are: Not FDIC insured - Not Bank guaranteed - May lose value

Contact:

Alison Cahill Rouse


acrouse@sharebuilder.com


917-653-7592

SOURCE Capital One ShareBuilder, Inc.

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