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!
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.
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-07651 — Concept Release on Consolidated Audit Trail and Other Audit Trails and Data Sources
The SEC wants your thoughts on how it tracks stock market trades using the Consolidated Audit Trail and other data tools. They’re thinking about updating rules to keep up with new tech, privacy, and security needs, and to make sure the system is fair and cost-effective. If you’re involved in the stock market or data tracking, speak up by June 22, 2026!
2026-10241 — Self-Regulatory Organizations; The Depository Trust Company; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the DTC Operational Arrangements (Necessary for Securities to Become and Remain Eligible for DTC Services)
The Depository Trust Company (DTC) is updating its rules to make it easier and clearer for agents handling corporate offers like tenders and subscriptions through its automated systems. This change affects companies and agents using DTC services to process these offers and starts right away with no extra costs. It’s all about smoother, faster, and more reliable processing for everyone involved!
2026-10244 — Self-Regulatory Organizations; Investors Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Exchange's Fee Schedule Applicable to Members Concerning Equities Transaction Pricing
Investors Exchange (IEX) is updating its fee schedule starting June 1, 2026. Members who trade stocks will see changes in how they qualify for rebates and fee discounts based on their trading volume. These tweaks aim to make fees fairer and encourage more trading activity on the exchange.
2026-10245 — Self-Regulatory Organizations; BOX Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Rule 3120 To Increase the Position and Exercise Limits for Options on the iShares Bitcoin Trust ETF
BOX Exchange is raising the limits on how many options traders can hold and exercise for the iShares Bitcoin Trust ETF. This change lets bigger players trade more freely and takes effect immediately, matching similar moves by other exchanges. If you trade these options, get ready for bigger opportunities starting now!
2026-10129 — The Goldman Sachs Group, Inc.
Goldman Sachs is asking the SEC for special permission to create investment funds just for its employees, letting them skip some usual rules. This change mainly affects Goldman Sachs workers and could speed up how these funds work without changing important protections. If no one objects by June 12, 2026, the SEC will approve this request.
2026-10168 — Agency Information Collection Activities; Submission for OMB Review; Comment Request; Extension: Rule 17a-2
The SEC is asking to keep the rules that require underwriters to keep records about certain stock market activities for three years. About 647 companies spend around 3,235 hours and $530,000 yearly to follow these rules. This extension keeps things running smoothly without adding new costs or changes.
Previous / Next Documents
Previous: 2026-09261 — Self-Regulatory Organizations; NYSE American LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the NYSE American Equities Price List and the NYSE American Options Fee Schedule To Establish Fees for Industry Members Related To Reasonably Budgeted CAT Costs of the National Market System Plan Governing the Consolidated Audit Trail for May 1, 2026 Through December 31, 2026
Starting May 1, 2026, NYSE American will charge industry members a tiny fee of $0.000001 per share to help cover the costs of the Consolidated Audit Trail (CAT) system. This fee will run through December 31, 2026, with the first bills sent in June based on May trades. If you’re a broker or trader using NYSE American, get ready to chip in for keeping the market’s audit trail sharp and up-to-date!
Next: 2026-09263 — Self-Regulatory Organizations; NYSE National, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the NYSE National Schedule of Fees and Rebates To Establish Fees for Industry Members Related to Reasonably Budgeted CAT Costs of the National Market System Plan Governing the Consolidated Audit Trail for May 1, 2026 Through December 31, 2026
Starting May 1, 2026, NYSE National will charge industry members a tiny fee of $0.000001 per share to help cover the costs of the Consolidated Audit Trail (CAT) system. This fee will run through the end of 2026 and aims to recover about two-thirds of the CAT’s budgeted expenses. Brokers will see their first bill in June based on May’s trading activity.