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.
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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.