Accounts and opening requirements
Sections ↑This profile concerns the CenterPoint service of Clear Street LLC, rather than a different Clear Street app or the old Precision arrangement. Confirm the actual account agreement and applicable platform charges.[12][13]
Reference table01
Edge qualification and account scope
| Tier | Qualification | Important condition |
|---|---|---|
| Base | USD 30,000 account equity | Not the minimum for every other Clear Street productSource 1 |
| Active | USD 100,000 equity OR 100,000 monthly shares | Volume assessed on the trailing three-month averageSource 1 |
| Pro | USD 250,000 equity OR 250,000 monthly shares | Selected locate/route benefits require equity, not volume aloneSource 1 |
Reference table02
Opening requirements and eligibility
| Topic | Published terms and practical effect |
|---|---|
| House minimum | USD 30,000 specialist account requirement remains separate from the 2026 intraday-margin changes.Source 1Source 11 |
| New-account benefits | Introductory Active benefits are time-limited. Do not assume the extra equity-only locate/route benefits are included.Source 1 |
| Foreign applications | Reviewed individually; passport, proof of residence, W-8 information and signed documents are requested.Source 10 |
| Signatures | The application instructions require executed signatures; merely typing the name is not always sufficient.Source 10 |
| Approval | Deposit size does not guarantee short-selling, options or margin permission.Source 12Source 10 |
Products and platforms
Sections ↑Reference table03
Platform and instrument choices
| Topic | Published terms and practical effect |
|---|---|
| Products | US equities, ETFs and listed options are covered by the active-trading pricing; short availability is security-specific.Source 2Source 7 |
| Desktop | CenterPoint Pro uses DAS functionality, hotkeys and routing/risk controls.Source 4 |
| Web / mobile | Separate web and mobile subscriptions are listed; the Pro package includes mobile under its own terms.Source 4Source 2 |
| Trial | A fourteen-day platform trial is described. It does not establish live execution speed or withdrawal service.Source 4 |
| TradingView boundary | The Clear Street group announcement is not used as proof of universal TradingView dealing access for CenterPoint accounts.Source 16Source 12 |
Fees and holding costs
Sections ↑Reference table04
Selected equity commission bands
| Monthly shares | Per-share rate | Qualification |
|---|---|---|
| Below 500,000 | USD 0.003 | Routing and other charges may be additionalSource 2 |
| 500,000–1 million | USD 0.0025 | Apply the agreed account scheduleSource 2 |
| 1–5 million | USD 0.002 | No interpolation of omitted bandsSource 2 |
| 10–20 million | USD 0.001 | High-volume band, not a standard small-account rateSource 2 |
Reference table05
Options commissions
CenterPoint’s linked regulatory-fee table is inconsistent with the current authority notices: it still displays a USD 27.80-per-million transaction rate and an older per-share TAF. The SEC’s applicable Section 31 rate is USD 20.60 per million of covered sales from 4 April 2026. FINRA separately reduced its Trading Activity Fee to zero for transactions from 1 October through 31 December 2026. That temporary reduction does not remove SEC, exchange, routing or broker charges. Ask CenterPoint to identify each charge on the applicable confirmation rather than estimating today’s total from the stale table.[2][17][18]
Reference table06
Platforms, activity and assisted trades
| Topic | Published terms and practical effect |
|---|---|
| DAS / Pro | USD 120 monthly; waiver described at 250,000 shares or 1,000 option contracts, with mobile included.Source 2 |
| Web / standalone mobile | USD 20 / USD 25 per month respectively. Summary waiver language differs within the page; confirm the plan.Source 2 |
| Introductory free platform | Does not necessarily include market-data subscriptions.Source 1Source 2 |
| No-transaction month | USD 25 activity charge when no transactions occur; this is not an account-closure rule.Source 3 |
| Assisted trades / buy-ins | USD 0.0095 per share, USD 20 minimum in the service schedule.Source 3 |
| Market data | Exchange subscriptions and professional classification can add costs independently of a platform waiver.Source 2 |
Reference table07
Borrow, margin and cash interest
| Topic | Published terms and practical effect |
|---|---|
| Accepted locate | Billable even if no short trade is ultimately placed; the fee appears in subsequent activity.Source 7 |
| Overnight borrow | Separate from the initial locate and execution commission; supply and rate can change.Source 7 |
| Margin rate | The pricing page dated 17 September 2026 lists 5.75%; confirm the actual agreement and applicable balance conditions.Source 2 |
| Cash yield discrepancy | The same page lists 2.25% on the portion above USD 30,000, while Edge summarises up to 3%. Use the current applicable rate rather than combining them.Source 2Source 1 |
| Bank wires | USD 25 domestic / USD 50 international in the schedule.Source 3 |
Execution, orders and risk controls
Sections ↑Reference table08
Order, locate and house-risk controls
| Topic | Published terms and practical effect |
|---|---|
| Locate is not a fill | Paying for a locate does not eliminate execution risk or future borrow/recalled-stock obligations.Source 7 |
| House equity | The service’s USD 30,000 requirement remains separate from regulatory pattern-day-trading changes.Source 11Source 1 |
| Platform control | Order routing, hotkeys and local risk tools differ by terminal.Source 4 |
| Persistent instructions | A universal rule for every script/trailing instruction after logout was not established. Verify the specific platform instruction.Source 4 |
| Liquidation costs | Broker-assisted exits and buy-ins can attract the published service charge as well as trading losses.Source 3 |
Reference table09
Documented alternative dealing
| Topic | Published terms and practical effect |
|---|---|
| Trading desk | +1 877-866-9111 in the service-interruption guide. Provide the account/trader identification and precise instruction.Source 8 |
| Connectivity fallback | The guide describes another connection/device, including mobile data rather than a failed local Wi-Fi connection.Source 8 |
| Phone charges | Assisted-trade charges can apply; this is not a free guaranteed-price stop facility.Source 8Source 3 |
| Avoid duplicates | Check order acknowledgements/status before submitting the same instruction through another channel.Source 8 |
| General support | +1 844-811-0118 is distinct from the interruption dealing number.Source 9 |
Deposits, withdrawals and transfers
Sections ↑Reference table10
Deposits and trading availability
| Topic | Published terms and practical effect |
|---|---|
| Ownership | Own-name linked bank and authorised ACH/Plaid process.Source 5 |
| Wire availability | Normally same or next business day once credited and accepted.Source 5 |
| ACH trading | Normally two business days before trading availability.Source 5 |
| ACH withdrawal hold | Five business days after posting; trading availability does not remove this hold.Source 6 |
| Instructions | Use the current Clear Street/CenterPoint beneficiary details, not an old carrying-firm template.Source 5Source 12 |
Reference table11
Withdrawal processing
| Topic | Published terms and practical effect |
|---|---|
| Request route | [email protected] using the account’s authorised process.Source 6 |
| Cutoff | 15:00 Eastern Time in the published guidance; requests outside the window move to a later processing cycle.Source 6 |
| Settled availability | Unsettled sales, deposit holds, positions and debit obligations affect funds available for withdrawal.Source 6 |
| Wire cost | USD 25 domestic / USD 50 international before any receiving-bank charges.Source 3 |
| Security change holds | A fixed universal suspension after a lost-device or credential reset was not established.Source 9 |
Client protection and complaints
Sections ↑Reference table12
Custody and complaint scope
| Topic | Published terms and practical effect |
|---|---|
| Legal provider | CenterPoint is a division of Clear Street LLC, CRD 288933 / SEC 8-69972.Source 12Source 13 |
| SIPC | Eligible custody claims have a USD 500,000 limit including USD 250,000 cash, with exclusions. Market or short-trading losses are not insured.Source 15 |
| Excess insurance | No current CenterPoint/Clear Street individual excess-policy certificate and limits were established. Old carrier cover is not reused.Source 12 |
| Complaints | Use the current firm’s compliance/complaint details in the legal disclosures, retaining confirmations, locate quotes, order logs and correspondence.Source 12 |
| External escalation | Applicable FINRA/SEC complaint or dispute routes depend on the issue; registration alone does not guarantee reimbursement.Source 13Source 15 |
Account support and records
Sections ↑Reference table13
Portal, statements and corporate actions
| Topic | Published terms and practical effect |
|---|---|
| Account records | The client portal/Studio provides account positions, margin, fees, interest, statements and tax information.Source 9 |
| Corporate actions | Deals/corporate-action information is distinguished from ordinary transaction history.Source 9 |
| Locate audit | Accepted-locate charges should be reconciled with subsequent account activity even where no sale occurred.Source 7 |
| Exports and retention | Specific downloadable formats and guaranteed post-closure retrieval windows were not established.Source 9 |
| Ongoing inactivity | A zero-transaction monthly charge is documented; a definitive automatic archiving/closure timetable was not established.Source 3Source 12 |
Tools, automation and additional services
Sections ↑Reference table14
Programme benefits, API and external tools
| Topic | Published terms and practical effect |
|---|---|
| Tier continuity | Volume qualification uses a trailing average; a single month or an introductory benefit does not establish permanent Pro status.Source 1 |
| API | Access is by enquiry; complete public key scopes and revocation effects were not established.Source 4 |
| Copying / managed accounts | A standard native copy/PAMM product with current disconnect terms was not found in the reviewed service materials.Source 4Source 12 |
| AI tools | Third-party research benefits are not treated as account order authority.Source 1 |
| Revoking access | Stopping an external terminal or API client is not assumed to cancel pending orders, close positions or stop borrow charges.Source 4Source 7 |
Company background and evidence
Sections ↑Reference table15
Current service identity
| Topic | Published terms and practical effect |
|---|---|
| Provider | Clear Street LLC. Historical Precision references do not identify the current contracted service.Source 12Source 13 |
| Different group offers | A Clear Street group announcement or app minimum is not automatically a CenterPoint benefit or account requirement.Source 16Source 1 |
| Evidence limits | Official firm identity was checked; platform charges and operating terms are company-published and were not tested through a funded account.Source 13Source 2 |
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
Clear Street LLC
| Issuer & identifier | Recorded status | Date & scope |
|---|---|---|
| FINRA288933 | Registered | Checked 13 Oct 2026Exact broker-dealer matched.Source 13 |
| SEC8-69972 | Registered | Checked 13 Oct 2026SEC reference from the official BrokerCheck firm summary; not a separate SEC-file inspection.Source 13 |
Sources & further reading
- CenterPoint Edge programme CenterPoint Securities · Accessed 13 Oct 2026
- Trading and margin pricing CenterPoint Securities · Accessed 15 Oct 2026
- Commissions and service fees CenterPoint Securities · Accessed 13 Oct 2026
- Trading platforms CenterPoint Securities · Accessed 13 Oct 2026
- Fund an account CenterPoint Securities · Accessed 13 Oct 2026
- Money transfers CenterPoint Securities · Accessed 13 Oct 2026
- Stock locates CenterPoint Securities · Accessed 13 Oct 2026
- Service interruptions CenterPoint Securities · Accessed 13 Oct 2026
- Client portal CenterPoint Securities · Accessed 13 Oct 2026
- Foreign account application CenterPoint Securities · Accessed 13 Oct 2026
- 2026 intraday-margin update CenterPoint Securities · Accessed 13 Oct 2026
- Legal disclosures CenterPoint Securities · Accessed 13 Oct 2026
- Clear Street LLC — BrokerCheck FINRA · Accessed 13 Oct 2026
- Intraday margin implementation FINRA · Accessed 13 Oct 2026
- SIPC protection scope SIPC · Accessed 13 Oct 2026
- Clear Street TradingView partner announcement Clear Street · Accessed 13 Oct 2026
- FINRA immediate-effectiveness filing: temporary Q4 2026 TAF reduction US Securities and Exchange Commission · 18 Sep 2026 · Accessed 15 Oct 2026
- Section 31 transaction fee rate advisory for fiscal year 2026 US Securities and Exchange Commission · 27 Feb 2026 · Accessed 15 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.