24X Exchange Slashes Fees for Penny Stock Traders Immediately
Published Date: 5/11/2026
Notice
Summary
24X National Exchange is cutting fees for members who trade stocks priced under $1. They’re lowering charges for both regular and retail orders that take liquidity from the exchange, making trading cheaper starting right now. If you’re a member, expect to save money on these specific trades immediately!
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Analyzed Economic Effects
4 provisions identified: 3 benefits, 0 costs, 1 mixed.
Lower removal fee for sub-$1 stock trades
If you are a member of 24X National Exchange and trade securities priced below $1.00 per share ("Sub-Dollar Securities"), the fee the Exchange charges for executions of non-retail orders that remove liquidity is reduced from 0.15% of total dollar value to 0.09% of total dollar value. This reduced fee was proposed to be implemented on May 1, 2026.
Lower removal fee for retail sub-$1 trades
If you are a member of 24X and execute retail orders that remove liquidity in securities priced below $1.00 per share, the fee is reduced from 0.15% of total dollar value to 0.09% of total dollar value. The Exchange proposed implementing this change on May 1, 2026.
Higher rebates for displayed liquidity in sub-$1 stocks
The Exchange states it will pay higher rebates for non-retail and retail transactions that add displayed liquidity in securities priced below $1.00 per share ("Added Displayed Volume" and "Added Displayed Retail Volume"), and that under the proposed structure the Exchange will have negative net capture for such Sub-Dollar Securities transactions. The rule change was proposed to be implemented on May 1, 2026.
Same fee treatment for all Members
The Exchange states that the reduced fees for Sub-Dollar Securities apply equally to all Members, regardless of the overall volume of a Member's trading activities on the Exchange. In other words, the fees are not tiered or tied to a member's submitted order count or transaction volume.
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