US Stocks Charging Standard(Stocks、ETF、Options)- Tonghuashun

US Stocks Charging Standard(Stocks、ETF、Options)- Tonghuashun

一、美股交易收费:

Type

Fees

Charging Party

Brokerage

Online orders can be as low as 0.01USD/Share,minimum 1.99USD/Order,Maximum charge will be 0.5%*trade value;

TPL

Platform Fees

1 USD/Order

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

1.99USD

TPL

Platform Fees

1USD

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:
1.99+0.3+1=3.29USD

Charges for selling shares:
1.99+0.3+1+0.02+0.013=3.323USD

 

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:
0.65 USD/Contract,minimum 1.99 USD/Order
Phone Order:
0.65 USD/Contract,minimum15 USD/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
(Sells only)

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