Fills and Fees
All brokers

Avenue Securities

Retail brokerPrices: September 2026Files no payment report of its own
Yearly cost at Avenue
Market orders fill at once; marketable limit orders add a price cap.

Spread = the gap between the best buy and sell quotes; 0% = filled at its midpoint, the fair price.

Customer pays (% spread)0% = you got the fair price, 100% = you paid the full gap between buy and sell quotes; lower is better.
53%
of the spread · #22 lowest of 25
Broker is paid (% spread)The payment in the same unit as the customer's cost, so the two compare directly.
–
no payment report
Same-trade gapPoints of the spread on identical stocks and order sizes; below zero = better than other brokers.
+42.1
points vs other brokers, identical trades
Extra cost / $10kDollars paid above the fair price (midpoint of the best buy and sell quotes) per $10,000 of market orders, all sizes under $200,000 averaged (largest orders weigh most); lower is better.
$1.60
above the fair price
Avg order ($)Average dollars per order; brokers whose customers place bigger orders tend to get better prices.
$2,276
91% of orders beat the quoted price
Time to fillAverage time from receiving a market order to completing it; faster is not better here, as brokers whose orders took longer got better prices.
10 ms
typical broker 110 ms

Cost by order size

S&P 500 · vs all brokers

Where its orders go

By trading firm · Apr–Jun 2026

No payment report of its own.

What Avenue charges

For a standard self-directed account

Every broker's fees
  • Commission per stock trade
    Depends on order size, a balance tier or a program, or the rate isn't published: see the broker.
    Varies
  • Options, per contract
    On top of any commission; the price reports don't cover options.
    $1
  • Margin interest rate
    Depends on order size, a balance tier or a program, or the rate isn't published: see the broker.
    Varies
  • Interest on idle cash
    Yearly (APY) on uninvested cash in a standard account.
    Not confirmed
  • Full transfer out
    To move your whole account to another broker.
    $75
Avenue's price list, checked Nov 2, 2026. Sources: avenue.us, avenue.us/custos, avenue.us/duvidas/qual-e-a-taxa-de….

Is Avenue registered?

Regulator records

  • Registered with FINRA, CRD 292589. BrokerCheck record
    Licences, history and any disciplinary events.
    Registered
  • SIPC member: yes. SIPC member list
    Up to $500,000 of securities and cash back if the broker fails; not market losses.
    Member
  • Publishes the monthly price report (SEC Rule 605)
    Where this page's prices come from.
    Published
  • Files no payment report of its own
    Another firm routes its orders.
    Via another firm
Not an endorsement: a registered broker can still get you poor prices.

Fractional vs whole sharesFractional orders are often priced differently from whole shares.

S&P 500 · customer pays, by lot type