Note:

Commissions apply to all order types.

VAT, also referred to as consumption tax, goods and services tax, where applicable, will be separately applied for eligible services.

Modified orders will be treated as the cancellation and replacement of an existing order with a new order. On certain exchang es, this may have the effect of subjecting modified orders to commission minimums as if they were new orders. For example, if an order for 200 shares is subm itted and 100 shares execute, then you modify the order and another 100 shares execute, a commission minimum would be applied to both 100 share orders. Orders that persist overnight will be considered a new order for the purposes of determining order minimums.

On some exchanges, different products have different trading hours.

EUROPE

Our Fixed pricing for stocks and ETFs charges a fixed amount per share or a set percent of trade value, and includes all commissions, exchange and regulatory fees.

Note:

Commissions apply to all order types. All exchange and regulatory fees are included.

The broker is required to charge the Panel of Takeovers and Mergers Levy of GBP 1.00 on all orders over GBP 10,000 on shares of companie s registered in the United Kingdom, Isle of Man or Channel Islands.

VAT, also referred to as consumption tax, goods and services tax, where applicable, will be separately applied for eligible services.

Modified orders will be treated as the cancellation and replacement of an existing order with a new order. On certain exchang es, this may have the effect of subjecting modified orders to commission minimums as if they were new orders. For example, if an order for 200 shares is submitted and 100 shares execut e, then you modify the order and another 100 shares execute, a commission minimum would be applied to both 100 share orders. Orders that persist overnight will be considered a new order for the purposes of determining order minimums.

Effective August 1, 2012, securities issued by French companies with a market capitalization of 1 billion EUR as of January 1 , 2012 will be subject to a transaction tax. For additional details regarding the calculation of the tax, please contact your tax advisor. Effective March 1, 2013, certain Italian stocks will be subject to a transaction tax. For additional details regarding the calculation of the tax, please contact your tax advisor.

On some exchanges, different products have different trading hours.

ASIA-PACIFIC

Our Fixed pricing for stocks and ETFs charges a fixed amount per share or a set percent of trade value, and includes all commissions, exchange and regulatory fees.

Note:

Commissions apply to all order types.

VAT, also referred to as consumption tax, goods and services tax, where applicable, will be separately applied for eligible services.

Modified orders will be treated as the cancellation and replacement of an existing o rder with a new order. On certain exchanges, this may have the effect of subjecting modified orders to commission minimums as if they were new orders. For example, if an order for 200 shares is subm itted and 100 shares execute, then you modify the order and another 100 shares execute, a commission minimum would be applied to both 100 share orders. Orders that persist overnight w ill be considered a new order for the purposes of determining order minimums.

For stocks, traded on the SEHK, government stamp duty (0.1% rounded up to the nearest 1.00 for SEHK stocks, normally applies only to stocks) and SFC transaction levy (0.0027%, normally applies to stocks and warrants) will be passed through to all clients.

For stocks traded on Shanghai-Hong Kong Connect and Shenzhen-Hong Kong Connect, all external costs will be passed through to clients regardless of commission model. This includes exchange trading fees, clearing fees and government stamp duty.

Stocks on the NSE are only available to Indian residents.

Up to per order value of INR 1,000,000. Portion of order above INR 1,000,000 will be charged 2 bps.

The maximum per order for NRIs will be INR 150.

All exchange and regulatory fees are included, except where noted above.

On some exchanges, different products have different trading hours.