CenterPoint Securities: Platform Profile

Overview

CenterPoint Securities is an active-trading brand offered by Clear Street LLC.

The platform is built for:

• direct routing;
• short locates;
• high-volume equity trading;
• options;
• DAS-style professional tools;
• market data;
• extended support;
• active-trader benefits through CenterPoint Edge.

CenterPoint explicitly chose not to move toward a zero-minimum mass-market model after the 2026 PDT-rule change.

May fit better for

• serious active traders;
• short sellers;
• traders who need extensive locate inventory;
• traders who use direct routing and ECN rebates;
• high-volume equity and options traders;
• investors who value live trading-desk support.

May fit less well for

• investors seeking $0 stock commissions;
• low-balance beginners;
• investors who trade infrequently;
• users seeking mutual funds or retirement planning;
• investors who dislike platform and market-data fees;
• investors seeking direct crypto or futures.

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Current legal broker

Current CenterPoint site:

• Brand: CenterPoint Securities
• Division of: Clear Street LLC

Current FINRA BrokerCheck:

• Legal broker: Clear Street LLC
• CRD: 288933
• SEC number: 8-69972
• FINRA member: Yes
• SIPC member: Yes

CenterPoint is the client-facing active-trading brand/division.

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Account requirement

Current CenterPoint 2026 PDT update says the firm intentionally retained its existing account requirements.

Current supporting pages show:

• CenterPoint Edge Base equity: $30,000+
• Below 25000 buying power: no buying power until account returns above $25,000

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Equity commissions

Current schedule:

• Under 500K shares month: $0.003/share
• 500K to 1M: $0.0025/share
• 1M to 5M: $0.002/share
• 5M to 10M: $0.0015/share
• 10M to 20M: $0.001/share
• Over 20M: contact firm
• Minimum order commission: $0

Routing and regulatory fees are additional.

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Options commissions

Current schedule:

• Under 10000 contracts month: $0.50/contract
• Over 10000: $0.40/contract
• Over 50000: $0.30/contract
• Over 100000: $0.20/contract
• Exercise assignment fee: $1.50/contract
• Exercise assignment transaction cap: $100

Index fees can apply separately.

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Equity commission example

A 1,000-share trade at the current under-500,000-share tier:

1,000 × $0.003 = $3.00

commission before routing/regulatory charges.

CenterPoint's own example shows route pricing can materially change total trade cost.

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Platform pricing

Current schedule:

• CenterPoint Pro: $120/month
• CenterPoint Web: $20/month
• Web mobile add on: $25/month

Current waivers:

• Pro fee waiver: 250,000 shares or 1,000 option contracts/month
• Web fee waiver: 20,000 shares or 100 option contracts/month

Market data is additional.

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New-account platform grace period

Current CenterPoint Edge:

• New account free platform access: 3 months
• Market data included in grace period: No

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Inactivity fee

Current pricing:

• Inactivity fee: $25/month with no securities transactions

This makes CenterPoint materially less attractive for infrequent investors.

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Wires and corporate actions

Current pricing:

• Domestic wire: $25
• Foreign wire: $50
• Reorganization fee: $35
• Forced margin sellout: $25 + applicable commission

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Short locates and borrow

Current platform:

• Locate fees: quoted daily / variable
• Overnight borrow rate: market-dependent
• In house lending team: Yes
• ATLAS locate route: Yes

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Current margin rate

Current pricing page lists:

• Margin rate: 5.31%
• Rate as of: 2025-12-15

The site explicitly says rates can change without notice.

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Cash interest inconsistency

Current pricing page shows 2.25% over the threshold.

Current Edge page markets up to 3.00% on qualifying idle cash.

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Leverage

Current risk page:

• Intraday leverage: 4:1
• Overnight leverage: 2:1

House margin requirements can be higher.

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Routing

Current platform:

• Routing options: 40+
• ECN rebates possible: Yes
• Dark pool access: Yes
• Market maker routes: Yes
• Smart routes: Yes

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CenterPoint Edge

Current tiers:

• Base:
• Equity: $30,000+
• Active:
• Equity or volume: $100,000+ or 100,000+ shares/month
• Pro:
• Equity or volume: $250,000+ or 250,000+ shares/month

Edge benefits are marketing/service tiers, not account-protection tiers.

Assessment

CenterPoint is built for traders who use the things mainstream zero-commission brokers often de-emphasize:

• direct routing;
• locate inventory;
• short-selling support;
• premium platforms;
• trading-desk access.

Those capabilities come with explicit trading and platform costs.

The current pricing begins at $0.003 per share and $0.50 per option contract at the lowest-volume tier.

The most important 2026 positioning point is:

CenterPoint deliberately kept higher active-trader account requirements rather than following the industry's move toward zero-minimum day-trading access.