For AI agents: the documentation index is at /llms.txt, and this page is available as Markdown at /documentation/fee-schedule.md.
Fee schedule
What the CeFi exchange charges per executed order, by client type and side.
True Markets' CeFi exchange (the "Exchange") charges trading fees per executed order according to the tiered schedule below. All fees are shown in basis points (bps) of the executed notional: 1 bp = 0.01%, so 4 bps = 0.04%. Negative values are rebates paid to the participant.
Per Rulebook Section 4, the Exchange provides at least one day's notice before implementing changes to the fee schedule. This page reflects the schedule currently in effect; advance notices of upcoming changes are communicated separately and do not appear here.
The machine-readable source for this page is
GET /v1/cefi/operations/fees/schedule.
Institutions
| Tier Band | Maker Fee (bps) | Taker Fee (bps) |
|---|---|---|
| 0 | 0 | 0 |
Individuals
| Tier Band | Maker Fee (bps) | Taker Fee (bps) |
|---|---|---|
| 0 | 0 | 0 |
Applications
| Tier Band | Maker Fee (bps) | Taker Fee (bps) |
|---|---|---|
| 0 | 0 | 0 |
- Tier Band: display ordinal of the fee band; not an account tier identifier.
- Fees are in basis points (bps); 1 bp = 0.01% of the executed notional.
- A dash means no fee is currently in effect for that side.
- Negative values are rebates paid to the participant.
The fee on each fill is reported in the misc fees group of the FIX ExecutionReport. The notice period for changes is in the Rulebook.