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.

For a full list of brokerage fees, please see Alpaca Securities Brokerage Fee Schedule listed here.

Commissions Disclosure: Commission-Free trading means that there are no commission charges for Alpaca self-directed individual cash brokerage accounts that trade U.S. listed securities through an API. Relevant SEC and FINRA fees may apply.