To The Moon

Tiger's U.S. Options tiered commission plan is now available, and users can choose either the tiered or the fixed commission plan.  

Let's see how to change to the tiered commission plan and enjoy lower offers! 

 I.Product Introduction.

Introduction to U.S. Options Tiered Commission Plan  

The U.S. Options tiered commission plan is for mid and high-frequency options traders, which means that the user will be charged a

specific tiered rate based on the number of options traded per month. The tiered commission plan works as follows. The Fixed Commission Plan is more suitable for low to medium-frequency U.S. Options traders. The plan works as follows.  For example.A user trades 5,000 options per month.

• The fee for this user is USD 4,152.50 with the tiered commission plan. Details are as follows.

• The fee for this user would be USD4,770 with the tiered commission plan. Details are as follows.

   The U.S. option tiered commission plan comes with several benefits.

• Save more money.

Mid and high-frequency traders with 525 or more Options trades per month will save high commissions with a tiered commission plan.

• Change your plan monthly as you wish.

  You can change the commission plan once in the current month and change it anytime in the next month to enjoy lower commissions.

• A minimum of 0 commission is more suitable for professional traders.

  If the cumulative number of options trades exceeds 100,000 per month, the commission charge per option trade will be 0 after that.

How to choose a commission plan? 

Please change your commission plan based on your expected monthly options trading frequency.

• The tiered commission plan is more suitable for mid and high-frequency traders. Those who trade 525 or more U.S. Options per month can save more money with the tiered commission plan.
• A fixed commission plan is more suitable for low and medium-frequency traders. Users with 525 or fewer U.S. Options trades per month can save money with a fixed commission plan.

  How to change the U.S. Options commission plan?

• For prime accounts only
• The way is "Portfolio - More - Trade - Pricing plan".

  Functions may vary to jurisdictions

  You can view the currently active plan when you enter the Commission Plan page.

• Current effective plan: the default plan is "Fixed Commission Plan"; for some users who have received the discount plan, the default plan is "Account Specific Discount Plan".

• Choose a commission plan:

  The applicable commission plans are "Fixed Commission Plan," "Tiered Commission Plan," and "Account Specific Discount Plan". Users can choose the "Tiered Commission Plan" and "Fixed Commission Plan" as the effective plan. "Account Specific Discount Plan" can only be obtained from official events, and you can't change it.

• Select the effective date.

1. Effective from the current month: If you select effective from the current month, it will be effective immediately. After selecting, you will keep the commission plan for the current month.(See more at FAQ:when will the commission plan take effect after the change)
2. Start next month: If you select Start next month, it will be effective from the 1st of the following month. And you can change the commission plan before it takes effect.
3. The plan will remain valid unless you change the commission plan.

• Other Tips:

1. You can change the commission plan once each month. When the plan takes effect, we will recalculate the cumulative options traded for the month. The charges for past transactions will not be affected.
2. The tiered level is determined based on options traded per month. Each order is limited to one billing level, with no ladder splitting within the order.

  II.Frequently Asked Questions.

Which traders are more suitable to choose the U.S. stock option tiered commission plan?

• High-frequency option trader: U.S. Options tiered commission plan for high frequency options trading users. Users who accumulate 525 or more trades per month will find it cheaper to choose the tiered commission plan than the fixed commission plan.

• Applicable for Prime - Margin Account.
• Not applicable to account types: Tiger Prime - Cash Account; Tiger Global Account.
• Accessibility requirement: Have access to Options trading permission.

  Which instruments are available for the U.S. Options tiered commission plan?

• Only available for U.S. Options.
• HK Options and other financial derivatives are not available.

  When will the commission plan take effect after the change?

• Effective the current month: If you change it before 21:00 E.T. on T-day, it will be effective from T+1; if you change it after 21:00 E.T. on T-day, it will be effective from T+2.
• Effective next month: if you choose to be effective next month, it will be effective from the first of the following month.

  What are the fees for U.S. Options in addition to commissions?

  Notes:

1. Exchange fees may vary in options trading because of the impact of orders on options liquidity. The exact fees are subject to the exchange.
2. If there is a change in the fees charged by third parties, such as exchanges and regulators, TIGER will adjust the fees it collects on its behalf.  
3. The Singapore government will impose 8% GST (consumption tax) on the above "commission," "platform fee," "option supervision fee," "SFC fee," "trading activity fee," "clearing fee," and "exchange fee" .