US Stocks, ETFs & Fractional Shares



Charged by


USD 0.005 / Share
Min. USD 0.99 / Order
Max. 0.5% * Trade Value / Order


Platform Fee

USD 0.005 / Share
Min. USD 1 / Order
Max. 0.5% * Trade Value / Order


Charges for Fractional Shares Trading

Trade <1 share, Commission waived, Platform Fee is 1% of Trade Value, capped at $1.
Trade ≥1 shares, Commission and Platform Fee are charged based on the Standard US Stocks & ETFs trading fees.


SEC Membership Fee
(Charged for sell orders only)

0.0000278 * Trade Value

Min. USD 0.01 / Trade

SEC (U.S. Securities and Exchange Commission)

Settlement Fee

USD 0.003 / Share
Max. 7% * Trade Value / Order

U.S. Settlement Agency etc.

Trading Activity Fee (Charged for sell orders only)

USD 0.000166 / Share
Min. USD 0.01 / Trade
Max. USD 8.30 / Trade




Other Service Fees




Charged by

ADR (American Depositary Receipt) Fee1

USD 0.01 - 0.05 / Share

DTCC (U.S. Depository Trust & Clearing Corporation)

L2 NYSE ArcaBook Quotes Fee

FREE (Client may view real-time quotes on Tiger Trade APP after the registration)




1 ADR Fee Introduction


1) What are ADR (American Depositary Receipts) and ADR fees?

ADR (American Depository Receipts) refers to a negotiable certificate issued by a United States depositary bank to assist foreign securities to be traded in the United States. Usually represents publicly tradable shares of non-U.S. companies. According to the SEC, most enterprises registered in non-U.S. regions can only be listed in the United States by ADRs.

According to the SEC, an ADR depository bank may be authorized under the deposit agreement relating to the ADRs to charge a fee, called a custody fee or depository service fee, for the work it performs on the ADR. In 2008, the SEC approved the DTC (Depository Trust Company) to collect ADR fees from ADR holders non-periodically on behalf of the ADR depository banks.


2) How much are the ADR fees and how are they charged?

ADR fees usually range from 1 to 5 cents per share. The amount of fees and dates charged by each ADR will be different. For more details, please refer to each ADR prospectus.

Typically, ADR fees will be deducted from the gross dividend of ADR issues. However, if a number of ADRs do not pay periodic dividends, ADR fees will be collected from investors through their broker agents on a specific recording date. For ADR fees deducted with dividend distribution, the fees may be collected from investors' security accounts after the gross dividends are paid. Otherwise, the fees may be deducted directly from the gross dividends, and the investors receive the net dividend. For ADR fees not deducted with dividend distribution, the ADR custodian banks will update the notice, registration and collection dates of ADR fees before the deductions. Investors who hold ADR issues on the registration date will be deducted ADR fees on the collection date. Transactions after the registration date will not affect the current ADR fee collection.

Brokers usually will send customers a charge notice and freeze the ADR fees receivable in advance. The fees will be deducted from the account on actual collection date. Due to the settlement of funds and other reasons, the brokerages' deduction date may be different from the banks' collection date. Warm Tip: Tiger will generally notify customers the upcoming deduction of ADR fees by mail, APP push and other means five trading days before the actual deduction. If the customers expect the risk control value or available cash in the account after deduction to be less than zero, the customers should transfer cash to the account or manually liquidated securities as soon as possible to avoid triggering margin close out.


3) How to check my ADR fees?

ADR fees are disclosed on the website of each ADR's custodian banks or the official website of the SEC.

Most ADRs in the market are managed by four custodian banks, namely Deutsche Bank, JPMorgan Chase Bank, Citibank and Bank of New York Mellon. Investors can log on to the websites of the above four banks and enter the stock code for ADR fees' inquires. Investors can also visit the EDGAR company search tool to view the specific ADR fees' descriptions. Please note that some ADRs have only one custodian bank. If relevant information is not found on the website of one bank, please try to log on to the other three banks or log on to EDGAR for inquiries.

At the same time, you can log in to the official website of Tiger: My Account-Statement-Fees, or log in to Tiger APP, select Trade and the account you want to query-More-Fund Details-Fee, and check for the fees deducted from your ADRs.



(1) When trading low-priced stocks (below USD 1), there is some risk due to the stock price volatility and the possibility of getting delisted. Clients who intend to trade low-priced stocks are advised to do with caution.

(2) To protect clients' interests, Tiger charges the trading commission and platform fee up to 0.5% of the trade value respectively. If the calculated maximum commission per order is lower than the minimum commission per order, Tiger will charge the minimum commission per order.

(3) For fractional share trading with trade volume less than 1 share, platform fee is charged at 1% of Trade Value, capped at $1. There is no commission or pass-through fees to apply. For fractional share trading with trade volume more than 1 share, normal US trading fees hereabove apply.

(4) If there is any change in the fees charged by third parties such as exchanges and regulators, Tiger will adjust the fees it charges on their behalf accordingly.

(5) The above "Commission" and "Platform Fee" may not apply to clients of some partner platforms.

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