One basis point is equivalent to $0.0001.

GM uses a tiered commission structure. For example, when trading U.S. corporate or municipal bonds, a 0.1% commission applies to the first $10,000 in face value, and 0.025% is applied to any amount exceeding $10,000.

The maximum commission per trade is capped at $1.05.

Monthly trading volume determines pricing tiers, which apply to shares of stocks, ETFs, and warrants. Volume is assessed daily based on the cumulative monthly trading activity, not in real time. As a result, any discounts related to volume thresholds take effect on the next trading day. Only trades under the Cost Plus structure are considered in the monthly tally. For institutional, advisor, and broker-managed accounts, all associated accounts are combined for tier calculation. Tiered pricing is applied on a marginal basis within each calendar month.

Where relevant, value-added tax (VAT), goods and services tax (GST), or similar consumption taxes will be charged in addition to service fees. In jurisdictions such as Singapore, certain services may be taxed even if they are provided or consumed outside of the country. Giga-Markets does not offer tax guidance—please consult with a certified tax advisor.

GM's Tiered pricing model (which includes both commissions and external market fees or rebates) is not a direct pass-through of third-party charges. The costs transferred to clients may differ from what GM actually pays to exchanges, regulators, or clearinghouses. For instance, GM may receive volume-based incentives or discounts that are not shared with clients. Similarly, rebates GM receives may be greater than what clients are credited.

Changing an order is treated as cancelling the existing order and submitting a new one. On some exchanges, this may result in both orders being subject to separate commission minimums. For example, if you place a $20,000 bond order and $10,000 executes, then modify the order and the remaining $10,000 executes later, both segments could be subject to minimum charges. Any order that remains active overnight will be considered a new order the following day for fee calculation purposes.

Giga-Markets may adjust its commission rates at any time at its discretion. Fees may differ depending on specific arrangements or programs. Additional terms may apply. The listed rates are available to clients who work directly with GM. Clients introduced via third-party brokers or managed by financial advisors may incur additional charges set by those parties. Clients should consult their introducing broker or advisor to confirm applicable rates.

While minimizing investment costs may improve your returns, it does not ensure profits or prevent losses.