Hapi charges no commissions for trading stocks and ETFs in self-directed individual cash brokerage accounts. We don't charge to open or maintain your account. Other fees may apply, as described below and in the fee schedule.
What is the Clearing House Fee?
Hapi doesn't charge commissions on trades. We work with Apex Clearing Corporation, our custody and clearing firm, which processes the clearing and settlement of trades. For this service, Apex charges a fee: the clearing house fee, or closing cost.
Apex charges USD 0.10 per whole share and USD 0.15 per fractional share. This fee is reflected in the price at which the order is processed.
💡 Note: The clearing fee doesn't increase with the size of your trade: it stays constant (USD 0.10 whole share / USD 0.15 fractional share). This fee applies during regular hours. A different fee applies for Trading 24/5.
Important: As a Prime user, you get a lower closing cost per trade.
Operation | Non-Prime | Prime |
Whole shares | USD 0.10 | USD 0.05 |
Fractional shares | USD 0.15 | USD 0.05 |
Closing cost in Trading 24/5
If you trade outside regular market hours (Trading 24/5), the closing cost per trade may differ from regular hours. The applicable fee is always shown in the app before you confirm your order.
Type of trade | Standard Account | Hapi Prime |
Regular hours | $0.10 – $0.15 | $0.05 |
Trading 24/5 | $2.99 | $0.05 |
Extended-hours risks (Trading 24/5). Trading outside regular hours involves risks that don't exist or are smaller during regular hours, including:
Lower liquidity: fewer orders and participants, so it may be harder to execute your trade.
Higher volatility: prices can move more and faster.
Changing and unlinked prices: the price you see may not match other sessions or platforms, and may differ significantly from the regular-hours opening price.
Wider spreads: the difference between bid and ask prices can be larger.
News impact: announcements outside regular hours can affect prices more sharply.
Margin interest
If you use a margin line, Hapi charges interest only on the margin amount used. It is calculated daily and charged monthly. Rates are variable and may change with market conditions. You can check the current rate in the official Hapi Securities fee schedule.
Margin balance | Annual rate |
Up to $5,000 | 8.00% |
$5,000 – $25,000 | 7.25% |
$25,000 – $100,000 | 6.25% |
$100,000 – $500,000 | 5.75% |
$500,000 – $1,000,000 | 5.60% |
Over $1,000,000 | 5.40% |
Daily interest = amount borrowed × annual rate / 360. Deposits, sales and dividends are applied first to reduce the margin balance. Using margin involves risks, including the possible liquidation of your securities by the firm. See the Apex Margin Risk Disclosure and the Margin Account Agreement.
Regulatory and additional fees
Some regulatory fees may apply (set by the SEC/FINRA and passed on to the client):
SEC Regulatory Transaction Fee: USD 27.80 per USD 1,000,000 of principal (sells only), rounded up to the nearest cent.
FINRA TAF: USD 0.000166 per share (equity sells) and USD 0.002 per contract (options sells), rounded up to the nearest cent, maximum USD 5.95.
ADR Fee: some ADRs (foreign-share certificates) have custody fees (check with the ADR's custodian bank); ADR trading may have a minimum of USD 0.06 per share or USD 0.25 per trade.
🏛️ Important: SEC and TAF fees are set by law and regulation, and they may change without prior notice. Please review our fee schedule.
Summary:
Hapi works with Apex Clearing to execute and settle trades. While we don’t charge commissions for trades, some external fees—such as those from FINRA, the SEC, or related to ADRs—may apply. These fees are transparent and reflected in the final trade price.
If you have questions, feel free to contact our support team here. We're here to help!
Stocks and ETFs offered by Hapi Securities LLC, member FINRA and SIPC (CRD #311868). SIPC protects certain securities in the event of the firm's insolvency; it does not protect against market losses and does not cover cryptocurrencies. More information at www.sipc.org.