US Stocks Charging Standard(Stocks、ETF、Options)
US Stocks Charging Standard(Stocks、ETF、Options)
I、Charges for US stocks:
Type | Fees | Charging Party |
Brokerage | Online orders can be as low as 0.0049USD/Share,minimum 0.99USD/Order,Maximum charge will be 0.5%*trade value; | TPL |
Settlement Fees | 0.003USD /Share(Minimum 0.01USD) | U.S. Settlement Agency, etc |
Regulatory Fees(Sells only ) | 0.000229%*Trade value(Minimum 0.01USD) | SEC |
Trading Activity Fees(Sells only) | 0.00013USD/Share(Minimum 0.01USD,maximum 6.49USD) | FINRA |
For example:Assuming that the underlying A 100 shares are bought (sold) at a price of $9.78, the order fees are charged as follows:
Type | Fee | Charging Party |
Brokerage | 100*0.0049=0.49USD, Minimum charge will be 0.99USD | TPL |
Settlement Fees | 100*0.003=0.3USD | U.S. Settlement Agency, etc |
Regulatory Fees(Sells only) | 0.000229%×100×9.78=0.02USD,minimum 0.01USD | SEC |
Trading Activity Fees(Sells only.) | 0.00013×100=0.013USD | FINRA |
Total | Charges for buying shares: |
II、Platform fees for US stocks:
1Fixed (Suitable for ordinary traders):
Type | Fee(USD/ Share) | Charging Party |
Platform Fee | 0.0050/ Share,minimum $1/ Order,maximum will be 0.5%* Trade value | TPL |
2. Tiered Charging Standard(Suitable for high frequency traders):
Monthly cumulative shares | Fee(USD/ Share) | Charging Party |
1st -30,000th Share | 0.0050 | TPL |
30,001st -100,000th Share | 0.0045 | |
100,001st -200,000th Share | 0.0040 | |
200,001st -500,000th Share | 0.0035 | |
500,001st -1,000,000th Share | 0.0030 | |
1,000,001st -5,000,000th Share | 0.0025 | |
5,000,001st Share and above | 0.0020 |
Eg:If there are 100,100 shares of US stocks in one trading month, the fee will be 30000*0.0050+70000*0.0045+100*0.0040=465.4USD
Note:
(1)Cumulative shares are accumulated by natural month. Accumulated on a monthly basis and recalculated on the first trading day of each month or after the user changes charging standard. Eg:If before you change yo tiered standard you had 2000 shares with fixed standard,the charge will be 2000*0.0050=10USD,if you changed to tiered charging standard,then the share will be accumulated from 0.
(2)For the platform fee, the minimum charge per order will be 1USD and the maximum will be 0.5% of the trade value.
(3)Every client can only change their charging standard once per month. If you would like to change the platform fee charging standard, please refer【Securities- Commission Plan - Platform Fee -Change】to finish your procedure. No matter change from fixed to tiered or the other way round, it will always count as once. ,The reset time will be 0:00 on the 1st of each month.
(4)Effective time for US stock charging standard switching fee: If the charging plan is changed before 12:00pm (including 12:00:00) during the day, then the fees incurred after 17:00 on the previous trading day will be charged according to the new charging standard; if change the charging standard after 12:00(12:00:01 and after) , the fees incurred after 17:00 on the trading day will be charged with the new changed charging plan. (US time)
III、Charging standard for US options market:
Type | Fee | Charging Party |
Brokerage | Online Order: | TPL |
Platform Fee | 0.30 USD/Contract | TPL |
Options Regulatory Fees("ORF") | 0.02915 USD/Contract | Exchanges |
Regulatory Fees (Sells only) | 0.0000229 x Trade value,Minimum 0.01 USD/order | SEC |
Trading Activity Fees | 0.00218 USD/Contract, Minimum 0.01 USD | FINRA |
OCC Fees | 0.02 USD/Contract,Maximum 55 USD/order | OCC |
Exchange Fees | Varies by Exchanges and order Type | Exchanges |
1、The following exchanges charge options regulatory fees(ORF):AMEX,BATS,BOX,CBOE,CBOE2,ISE,GEMINI,MIAX,NOM,PCX,PHLX。
2、During options trading, additional fees may be incurred depending on the type of liquidity generated, and the specific fees are subject to the exchange.
3、The tripartite fees collected by TPL according to the requirements of external institution such as exchanges and options regulatory will be adjusted, the latest update was 9th February 2021.
4、Charges for ORF,Regulatory Fees,Trading Activity Fees,OCC Fees,Exchange Fees.
IV、 Margin rate for margin account :
Type | Rate | Charging Party |
---|---|---|
Margin rate | Annual interest rate 3.8%(Interest will start to accrue after the stock is settled, and the settlement of US stock shall be T+2 business days) | TPL |
Other charges will maintain the same with cash account(If account upgrade to margin to cash, brokerage fee waiver period will not be affected , the commission plan of the original account will still last.) |
Note:This plan is not applicable to new users of some cooperative platforms,if there is any questions,please feel free to contact our customer service.
V、Other service fees for US stock:
Type | Fees | Charging Party |
Custody Fees of ADR | $0.01-$0.05/Share | DTC |
Dividend Tax | Normally should be 30% *Dividend,the tax rate varies according to different stock,refer to the official charging for more details, the amount will automatic withholding at the time of distribution | IRS |
General Meeting of Shareholders | Attend or authorize a third party to attend the general meeting of shareholders(max 1 person) or entrust TPL to vote administrative Fees: $10/ per Application | |
Request for certificate of accounting opening/ Account verification | HK$300/ Per account |