The commission-free trades issued by Tiger can be used to waive the commission on Tiger trades. The commission-free trade will take effect immediately after activation. You need to use commission-free trade within the validity period. If you have two or more commission-free trades of the same category, the validity period will be automatically extended.
The commission-free trades are pre-deducted and rebated afterwards. You need to place an order within the validity period of the commission-free trade and the order should be filled before the commission-free trade can be successfully used. The commission exempted by commission-free trade is capped at $15 or equivalent in other currencies (Convert with real-time exchange rate). The commission-free trade(s) can be chosen when an order is placed in the Tiger Trade App of version 7.2.0 and above (commission-free trades in the older versions will be automatically used based on the system sorting). If your order has matching commission-free trades, the system will automatically select the best commission-free trade for you when placing the order. If you want to cancel or change the commission-free trade, you can cancel or change it manually when placing the order.
(Notes: Orders bound with the commission-free trade need to be fully filled before the commission-free trade can be successfully used. If the order is fully filled after the commission-free trade expires, the commission-free trade will not be used successfully.)
After the order is filled, the order bound with the commission-free trade will be marked as "Waiving", and the number of times for commission-free trades minus 1. The waived commission will be refunded to the client's Tiger account in the form of cash within 1 minute of the order being filled for the Prime Account and by the first week of the next month for the Global Account. The "Waiving" will then be updated to "Waived" for that order. Clients may check the commission refund details through the coupon details in Reward Center or via [Tiger Trade App>Portfolio>Orders] or [Tiger Trade App>Portfolio>More>Fund Details].
Both the Single Commission-Free Trade and the Multi-Commission-Free Trades can only be used for a specified number of times within the validity period, and any unused times after the expiry date of the commission-free trade will be automatically cancelled. After commission-free trade is bound to an order, the number of times for commission-free trade will be frozen. If the order is fully filled, the number of times will be deducted accordingly; if the order is not fully filled or cancelled, the number of times will be refunded accordingly.