Clear Street review 2026

Frequent traders who trade in size

Frequent traders who trade in size get a per-share commission that drops twice as monthly volume grows, to a third of the starting rate above 1,000,000 shares. Clear Street routes orders directly to exchanges and shows Level 2 depth of book, according to its launch release.

Traders who use automated tools or TradingView

Traders who use automated tools or TradingView can place orders from their own code, an outside AI assistant, or a TradingView chart. The API also takes algorithmic orders (TWAP, VWAP, and DMA), and the features section covers the rest.

Traders with more than $50,000 in the account

Traders with more than $50,000 in the account earn 3.43% on idle cash, rising to 3.68% above $1 million. Margin also drops from 6.50% to 5.33% once equity reaches $50,000, and below that line cash earns nothing.

Clear Street pros

• Per-share stock pricing from $0.0030 that falls with monthly volume, capped at 1% of each trade's value
• Options at $0.30 per contract on the pricing page
• SIPC coverage plus excess coverage from Lloyd's of London of up to $1.9 million in cash and $62.5 million in securities per account³
• Self-clearing, so Clear Street holds and clears your account itself
• Direct routing, Level 2 data, an API with an MCP server, and TradingView order entry

Clear Street cons

• 0% interest on cash in accounts under $50,000
• A 6.50% margin rate under $50,000 of equity
• No IRA or retirement account on any Clear Street page
• Its pricing page and its October 2026 TradingView release list different commissions
• Stocks, ETFs, and options only today, with futures, bonds, and crypto planned for later in 2026
• A short record with retail customers, since the individual app launched in May 2026

Trading fees

Trading fees at Clear Street undercut IBKR Pro Fixed at every order size below. The table uses the pricing page's rates as of September 28, 2026, and leaves out the regulatory and exchange fees all three brokers pass through. IBKR and Robinhood figures come from Tweed's reviews of each, read on October 6, 2026.

The share tiers apply marginally, like tax brackets, and reset each calendar month. A trader who buys 1,000,000 shares in a month pays $2,300: $900 for the first 300,000 shares and $1,400 for the next 700,000.

Margin and cash rates float with a benchmark rate, which the pricing page puts at about 3.88% on September 28, 2026, so both move when the Fed moves rates.

Clear Street's October 6, 2026 release about its TradingView launch says stocks and ETFs "trade commission-free" and options "carry no per-contract fee," with a $100 minimum deposit.⁵ The pricing page still showed per-share and per-contract rates on October 12, 2026, and neither page says which schedule applies to which account. Ask Clear Street in writing which schedule covers your account before you fund it.

A trader who wants confirmed $0 commissions can get them at Robinhood or Webull, as the Webull review covers, and both earn through payment for order flow and margin. Clear Street's own disclosures say it may also receive payments from the market centers it routes to.

Interest on cash

Interest on cash at Clear Street depends on your total account value, and an account under $50,000 earns nothing. The table assumes the whole account sits in idle cash for a year, and that IBKR Pro pays 3.380% above the first $10,000, scaled down under $100,000 of account value, per Tweed's IBKR review.

Clear Street also lets you sweep cash into a Treasury money market fund (Dreyfus DARXX) by standing instruction, and its disclosures say it's paid up to 0.10% a year on those assets. Under $50,000, cash parked at Clear Street earns nothing, so keep savings in one of the best high-yield savings accounts instead.

Margin rates

Margin rates at Clear Street are 6.50% under $50,000 of equity and 5.33% at $50,000 and up, charged only on the amount you borrow. Borrowing $30,000 for a year costs $1,950 under $50,000 of equity, $1,599 above it, and $1,575 at Robinhood's 5.25% rate for smaller balances. Margin can lose you more than you deposit, as Clear Street's footnote says, and to day trade you'll need at least $25,000 in the account under FINRA's pattern day trader rule.

Omni, the AI trading assistant

Omni, the AI trading assistant, screens stocks across more than 300 parameters, analyzes your positions and risk, and builds multi-leg options strategies and orders for you to approve. Clear Street says Omni does not give investment advice and can produce inaccurate output, and no order goes through without your approval. Check every figure Omni gives you on the order ticket before you approve it.

Automated trading and TradingView

Automated trading at Clear Street means you can trade from your own code, an outside AI assistant, or a TradingView chart. The API gives REST, WebSocket, and FIX access to positions, balances, and orders, with SDKs in four languages, and an MCP server lets Claude and other assistants connect to your account. Clear Street also assigns a dedicated account executive and offers support by phone, email, and chat.

What you can trade

What you can trade at Clear Street today is stocks, ETFs, and equity and index options, with fractional shares and short selling. The launch release says futures, fixed income, prediction markets, and digital assets are planned "through the remainder of 2026," and pre-IPO deals are open only to accredited investors and qualified purchasers.

Fully paid securities lending pays you to lend shares you own, but SIPC protection may not apply to loaned shares, you can lose voting rights, and payments in lieu of dividends may be taxed differently. Weigh that tax cost before you opt in.

Clear Street vs Interactive Brokers

Clear Street vs Interactive Brokers compares two brokers that both charge active traders by the share. Clear Street's per-share rate and options fee are lower on its pricing page, and its cash rate pays more above $100,000. IBKR adds IRAs, a $0 Lite plan, and far more markets.

Clear Street vs Robinhood

Clear Street vs Robinhood sets per-share pricing next to $0 trades. Robinhood charges $0 on stocks, ETFs, and stock options, pays 3.6% on cash with Gold at any balance, and offers an IRA with a match, as the Robinhood review details. Clear Street offers direct routing, Level 2 data, and an API for your own code.

Multiply your usual monthly share and contract volume by Clear Street's rates and compare the total with your current broker. Then check whether your account will clear the $50,000 line for cash interest and margin, and compare the field in best brokerage accounts.