Fully Paid Stock Lending FAQ

Tradier Brokerage’s Fully Paid Securities Lending (FPSL) program allows eligible customers to earn additional income on their long equity and ETF positions.

By enrolling in FPSL, you authorize Tradier to lend out fully paid shares that are not held on margin. When market demand for certain stocks increases—particularly those in high demand for short selling—borrowers pay lending fees. These fees generate revenue that is shared between the clearing firm, Tradier, and you as the lender.

Tradier receives 50% of the revenue earned by the clearing firm and credits 15% of that revenue to your account, providing an additional income stream. Shares that are considered hard to borrow typically command higher borrowing fees, though interest rates vary based on each security’s value, borrowing demand, and market conditions.

Before enrolling, please review the Master Securities Lending Agreement and program disclosures, and consider your investment objectives. You may wish to consult a tax or financial advisor to understand how participation may affect your individual situation.

Here is a short video on what FPSL is:

How does FPSL affect the ownership of my stocks and my ability to sell my positions?How do I sign up for the FPSL Program?How do I opt out of the FPSL?How do I recall my shares?Can I sell my shares anytime?Are there other considerations in need to be aware of before participating in FPSL?How much do I have to have in my account to participate in FPSL?Are there any additional costs or fees to participate in FPSL?How do I view my securities on loan?When does the interest show up in my account?Can I still write covered calls or buy protective puts on my shares that are lent out?