Other Fees
Many exchanges charge fees to their members for orders that are cancelled or modified, and Taifook Overseas Power Futures (TWS) charges certain related fees to its customers to help cover these exchange fees. Please note however, that the Modify/Cancel fees listed above may not be a direct "pass-through" of exchange fees in all cases as Taifook Overseas Power Futures (TWS) has created cancellation policy based on ease of implementation and proper resource allocation.
| US Direct API stock orders
(does not apply to US smart API orders) |
USD 0.12/Cancel or modify
order |
| US Direct/Smart TWS + API
option orders** |
Amex, CBOE, ISE, and
PSE: USD 1.20/Cancel or modify order
Box: USD 0.10/Cancel or modify order
PHLX: USD 0.60/Cancel or modify order
|
| Eurex option and futures TWS and API
orders |
EUR 0.50/Cancel or modify order |
Note that Time in Force orders that are submitted with a specified
expiration time ("Exp. Time") will be assessed cancel fees
according to the above schedule.
* Execution credits are applied against cancel
or modify fees for the day. Execution credits
cannot be greater than cancel/modify fees .
Exchange Trade Bust/Trade Adjust Fees
Some exchanges impose small charges on activities such as “order cancellation”, “order alternation” and “trade bust” for certain products. If any of the above charges is incurred, such charge will be transferred to the relevant customer account.
Specialist Pass Through Fees
The NYSE specialists charge substantial handling fees, typically $0.01 USD per share, for orders residing on their order book (i.e. not executed) for more than 5 minutes. Customers who make excessive use of NYSE directed orders such that substantial specialist costs are incurred by Taifook, may be charged these specialist fees as a pass-through. In general, if the volume of directed orders incurring specialist charges is less than 5% of the total volume traded in the account, there will be no pass through of the charges. Traders can avoid the specialist fee problem by using Taifook Overseas Power Futures (TWS) SMART routing.
Withdrawal Fees
After the first withdrawal in a month, Taifook will charge the following fees for a withdrawal:
| USD |
10.00 |
4.00 |
1.00 |
| AUD |
15.00 |
N/A |
N/A |
| CAD |
16.00 |
N/A |
2.00 |
| CHF |
11.00 |
N/A |
N/A |
| EUR |
8.00 |
N/A |
N/A |
| GBP |
7.00 |
N/A |
N/A |
| HKD |
95.00 |
N/A |
N/A |
| JPY |
1,600.00 |
N/A |
N/A |
Miscellaneous Fees
| Australian Dollars (AUD) |
N/A |
N/A |
AUD 200/first statement, AUD 50/each additional
statement. |
1% |
| British Pounds (GBP) |
N/A |
N/A |
GBP 90/first statement, GBP 20/each additional
statement. |
1% |
| Canadian Dollars (CAD) |
N/A |
CAD 25.00 |
CAD 100/first statement, CAD 25/each additional
statement. |
1% |
| Euros (EUR) |
N/A |
N/A |
EUR 100/first statement, EUR 25/each
additional statement. |
1% |
| Hong Kong Dollars (HKD) |
N/A |
N/A |
HKD 700/first statement, HKD 175/each
additional statement. |
1% |
| Japanese Yen (JPY) |
N/A |
N/A |
JPY 12,500/first statement, JPY 3,125
each additional statement. |
1% |
| Swiss Francs (CHF) |
N/A |
N/A |
CHF 200/first statement, CHF 50/each additional
statement. |
1% |
| US Dollars (USD) |
$50.00 |
$25.00 |
USD 100/first statement, USD 25/each
additional statement. |
1% |
| * |
Telephone orders are only allowed for closing orders, and the stated fee is in addition to all regular commission fees. Fees will be waived in the case of Taifook technology problems.
|
| ** |
Statements older than last 3 full
calendar years. All other statements available for free
under Account Management.
|
| *** |
Any customer making a deposit of physical currency anywhere
worldwide will be charged a fee of one percent of the deposit
amount ($50 (or USD equivalent) minimum). |
|
