1. What are the fees for Options Trading during the Post-BETA phase?
Here’s a breakdown of the fees applied to options trading:
Trading Fee: 0.3% of the total transaction value (minimum $3)
This fee applies to both buy and sell trades.
Exercise Fee: $5 per exercise (unchanged)
Charged when you exercise an options contract.
Auto-Liquidation Fee: 0.3% of the total transaction value (minimum $3)
Applies when your position is automatically closed by the system.
SEC Fee (Sales Only): $0.000008 per dollar of the total transaction value, rounded to the nearest cent
Only applies to sell trades.
Trading Activity Fee (TAF) (Sales Only): $0.00279 per contract
Applies exclusively to sell trades.
Options Regulatory Fee (ORF): $0.02685 per contract
Applies to both buy and sell trades.
OCC Clearing Fee: $0.02 per contract (capped at $55 per transaction)
Applies to both buy and sell trades.
JFX Fee: 0.05% of the total transaction value (capped at $0.10 per transaction)
Applies to both buy and sell trades.
VAT (Value-Added Tax): 11% of the total transaction fee + JFX fee
This is a government-mandated tax in Indonesia, applied to both buy and sell trades.
2. What is the Trading Fee?
The Trading Fee is a charge for every options contract you buy or sell, calculated as 0.3% of the total transaction value, with a minimum of $3.
Example Calculation:
For a $500 transaction: 0.3% x $500 = $1.50 → Charged $3 (minimum fee applies)
For a $5,000 transaction: 0.3% x $5,000 = $15 → Charged $15
3. What is the Exercise Fee?
The Exercise Fee applies when you execute (exercise) an options contract to buy or sell the underlying asset based on your contract’s terms.
Fee: $5 per exercise, regardless of how many contracts you hold.
Note: If your options expire Out of the Money, no exercise fee is charged.
4. What is the Auto-Liquidation Fee?
This fee applies when the system automatically closes your options position to mitigate risks, such as:
When your contract is within 1 hour of market close on its expiry date, and you lack sufficient funds or shares for exercise.
If internal risk policies require automatic closure.
Fee Structure:
0.3% of the total transaction value (minimum $3).
Important: The auto-liquidation fee replaces the trading fee — you won’t be double-charged.
Example Calculation:
For an $800 auto-liquidation: 0.3% x $800 = $2.40 → Charged $3 (minimum fee applies).
For a $5,000 auto-liquidation: 0.3% x $5,000 = $15 → Charged $15
5. What are Regulatory Fees?
These are mandatory fees set by US and Indonesian market authorities to support market regulation and transparency.
a. SEC Fee (Securities and Exchange Commission) — Sales Only
$0.000008 per dollar of the total transaction, rounded to the nearest cent.
Example:
$10,000 transaction → $10,000 x $0.000008 = $0.08
$25,540 transaction → $25,540 x $0.000008 = $0.20432 → Rounded to $0.20
b. Trading Activity Fee (TAF) — Sales Only
$0.00279 per contract
Example:
5 contracts → 5 x $0.00279 = $0.01395 → Rounded to $0.01
20 contracts → 20 x $0.00279 = $0.0558 → Rounded to $0.06
c. Options Regulatory Fee (ORF)
$0.02685 per contract (applies to both buy and sell trades)
Example:
10 contracts → 10 x $0.02685 = $0.2685 → Rounded to $0.27
50 contracts → 50 x $0.02685 = $1.3425 → Rounded to $1.34
d. OCC Clearing Fee (Options Clearing Corporation)
$0.02 per contract, capped at $55 per transaction
Example:
100 contracts → 100 x $0.02 = $2 (under cap, so $2 applies)
3,000 contracts → 3,000 x $0.02 = $60 → Capped at $55
e. JFX Fee (Jakarta Futures Exchange)
0.05% of the total transaction value, capped at $0.10 per transaction
Example:
$500 transaction → 0.05% x $500 = $0.25 → Capped at $0.10
$100 transaction → 0.05% x $100 = $0.05 → Charged $0.05
6. What is VAT (Value-Added Tax)?
An 11% tax applied to the total transaction fee plus the JFX fee, following Indonesian tax regulations.
Example Calculation:
Total transaction fees: $5
JFX Fee: $0.10
VAT: 11% x ($5 + $0.10) = $0.561 → Rounded to $0.56
7. Do these new fees apply to both existing and new positions?
Yes. All trades, exercises, and auto-liquidations made on or after February 24, 2025, will follow the new fee structure — even if the positions were opened before this date.
8. Who can I contact for more questions?
For any further inquiries about these fees, feel free to reach out to our Customer Support directly through the app or email us at support@heygotrade.com.