> For the complete documentation index, see [llms.txt](https://docs.kaze.fi/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.kaze.fi/tigris/fees-and-trading-guide.md).

# Fees and trading guide

<table><thead><tr><th width="148">Asset class</th><th width="98" align="center">Opening </th><th width="91">Closing</th><th width="110">If referred</th></tr></thead><tbody><tr><td>Commodities</td><td align="center">0.05%</td><td>0.05%</td><td>0.045%</td></tr><tr><td>Forex</td><td align="center">0.01%</td><td>0.01%</td><td>0.009%</td></tr><tr><td>Crypto Tier 1</td><td align="center">0.05%</td><td>0.05%</td><td>0.045%</td></tr><tr><td>Crypto Tier 2</td><td align="center">0.075%</td><td>0.075%</td><td>0.06875</td></tr><tr><td>Crypto Tier 3</td><td align="center">0.09%</td><td>0.09%</td><td>0.081%</td></tr><tr><td>Crypto Tier 4</td><td align="center">0.12%</td><td>0.12%</td><td>0.108%</td></tr></tbody></table>

[Listed Pairs](https://docs.tigris.trade/tigris/listed-pairs)

### Trading features:

* All open trades are minted as NFTs
* Leverage:\
  &#x20; Commodities: 2x - 100x\
  &#x20; Crypto: 2x - 150x \
  &#x20; Forex: 4x - 500x
* Zero settlement time
* **Guaranteed** Market Order prics
* **Guaranteed** Take Profit and Stop Loss price
* **Guaranteed** Limit Order price
* No price impact
* No slippage
* Option to add and remove margin
* Option to open a position on top of another
* Option to partially close positions
* Chart trading
* Click trading

### Limitations:

* Minimum trade size is $500.&#x20;
* All pairs have a [spread](https://docs.tigris.trade/tigris/fees-and-trading-guide/spread) calculated as&#x20;

{% code overflow="wrap" %}

```
spread = -spreadApproaching * (relativePriceDifference) ** curveAmplification + spreadApproaching

curveAmplification = 60;
spreadApproaching = 0.002;
```

{% endcode %}

* Maximum PnL is +500%. The trade won't be closed unless the user sets a Take Profit order or closes the position manually.&#x20;
* Stop order prices are not guaranteed.
* A trade can't be closed until 7 seconds after opening have passed.