PCITrade Security, Inc. - Commission and Fees

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Commission and Fees

For Stock Transactions:

Stock Transaction	Market Order	Limit Order	Channel Fee(s)
Internet Trade	$ 10.95	$ 10.95	ISLD: $ 1
			NITE/TRIM: $ 0.25
Live Broker	$ 24.95	$ 24.95	ISLD: $ 1
			NITE/TRIM: $ 0.25

(There is 0.0005 per share extra charge if the order size is grater than 9999 shares, NITE charge extra 0.005 per share and ADTK charge extra 0.002 per share for order execution)
(The fee structure is effective on 01/01/04).

For Option Transactions:

Stock Transaction	Market Order	Limit Order	Channel Fee(s)
Internet Trade	$ 10.95	$ 2 per contract	Min. $ 11.95
Live Broker	$ 24.95	$ 2 per contract	Min. $ 26.95

(The fee structure is effective on 01/01/04)
(Option Exercise/Assignment: $30 per exercise/assignment)

Other Transactions:

Other Transaction	Commission
Mutual Funds	$ 50
Bonds	$ 50
U.S. Govt/Agencies	$ 50

(The fee structure is effective on 1/01/04)
(* Single orders executed at multiple prices will be subject to a commission and miscellaneous charge for each different execution. rates subject to change without notice.)

Other Services:

Type of Service	Service Fee(s)
Account Transfer (outgoing ACATS)	$ 50.00 / per account
Tenders, Exchange, Reorg	$ 10.00 / per customer
Transfer/Customers	$ 25.00 / per cert. Plus any direct cost
Transfer/Courtesy	$ 25.00 /per issue
Reg.T and 15c3-3 Extension	$ 10.00 /per extension
Rule 144 Filing completed by CCS	$ 100.00 / Plus direct cost
Overnight Mail (By request)	$ 25.00 /per envelope
Return Mail	$ 1.00 /per item
Wire Funds	$ 25.00 /per wire
Customer Return Check	$ 25.00 /per check
Stop Payment Request	$ 25.00 /per check
Record Research	$ 35.00 /per hour

Please Contact Us if you have any question about our service or commission! Thank you!

Last Update: 08/24/2005

System response, trade executions and account access may be affected by market conditions, system performance, quote delays and other factors. The risk of loss in electronic trading can be substantial. You should therefore consider whether such trading is suitable for you in light of your financial resources and circumstances. Day trading will generate substantial commissions, even if the per trade cost is low.

All transactions are executed through Equity Trading online, LLC Member NASD, MSRB, SIPC & NFA