Service Fee:
Tiered Commission Plan：
Number of options traded within a certain | Commission per option (minimum USD 1.99 per order) | Platform Fee |
1-500 options | USD 0.8 | USD 0.3 per option, minimum USD 1 per order
|
501-1,000 options | USD 0.7 | |
1,001-3,000 options | USD 0.6 | |
3,001-15,000 options | USD 0.5 | |
15,001-50,000 options | USD 0.4 | |
50,001-100,000 options | USD 0.3 | |
100,001 options and more | 0 |
Fixed Commission Plan:
Commission | Platform Fee |
USD 0.65 per option, minimum USD 1.99 per order | USD 0.3 per option, minimum USD 1 per order |
Notes:
Clients are placed on the fixed commission plan by default initially. A client may apply to change from one plan to the other once a month (e.g. after a certain number of options contracts were traded within a certain month on the fixed commission plan), change will take effect the next trading day.
When a Good-Till-Cancelled (GTC) order is not filled within a single trading day, each other trading day that the remainder of such order is filled it will be treated as a fresh order fee-wise.
Option Settlement Fee
USD 0.18 per contract for all types of contracts.
Fees Charged on behalf of Third Parties
Charged By | Exchange | Securities and Exchange Commission | Financial Industry Regulatory Authority | U.S. Options Clearing Corporation | Exchange |
Type | Options Regulatory Fee (ORF) | SEC Transaction Fee (charged only for sell orders) | Trading Activity Fee (charged only for sell orders) | Clearing Fee | Exchange Fee |
Fees | USD 0.012 per contract
| USD 0.0000278*trading value Minimum USD 0.01 per trade
| USD 0.00279* Number of contracts sold Minimum 0.01 USD per trade | USD 0.02 per contract Up to USD 55 per trade | Fees depend on the exchange on which the contract is traded |
Notes:
Additional fees might be charged depending on the liquidity of an options contract, subject to the exchange.
Tiger shall update Third Party fees when they come into effect.