> ## Documentation Index
> Fetch the complete documentation index at: https://docs.trdrs.co/llms.txt
> Use this file to discover all available pages before exploring further.

# Active traders and billing

> See which of your traders were active in a month, with the accounts behind each, and how Connect is billed: $2 for each active trader each month.

Know what Connect costs and why. Connect is billed at $2 a month for each active trader: a trader
with at least one fill that month on any account through your Connect. A trader counts once however
many accounts they trade, so a trader active on your white-label paper, a Tastytrade account and a
Hyperliquid account costs $2, not \$6.

Use this page when you plan your pricing, and to check a bill. By the end you can read your active
traders for any month, with every account and fill count behind each, and match them to an invoice.
You read both in the Connect dashboard, where any member of your app's team can.

## What counts

| A trader who | Counts |
| - | - |
| Filled one order on any account through your Connect | Yes, once |
| Traded on your white-label paper, Tastytrade and Hyperliquid in the same month | Once, with three accounts listed |
| Connected an account but never traded | No |
| Signed in on a venue's tile in your Connect and traded that account | Yes, once |
| Traded, then had the account reset, retired or disconnected | Yes: a fill counts for its month whatever happens to the account after |
| Had a fill reach trdrs after the month was invoiced | Yes, once: your next invoice bills them on a late line for that month |

Each app is billed on its own: a trader of two of your apps is an active trader of each one they
traded through. Billing runs only in production, at \$2 per active trader each month, from the month
your app's Connect pass opens its production ([Open production](/guides/connect-conformance#open-production)).
Today Connect apps run in the sandbox, where Connect is free, so the dashboard counts your sandbox
traders and leaves the price empty.

## Read your active traders

In the Connect dashboard, open **Traders** and choose a month. It opens on the previous complete
month, the one being invoiced, and the current month shows what has filled so far.

Each of your traders is listed once, by your own id for them, with their fills and every account
behind them: their Demo from your white-label paper and each account they connected, with its
provider, account number, fill count and first and last fill. The month shows the number of active
traders, the price of each and the amount, in US dollars.

| You see | It means |
| - | - |
| The month is invoiced | The list is the invoice's own, late lines included. |
| The month is counted now | It counts the fills so far. |
| No price or amount | The month is free, as every sandbox month is. |
| The month can't be counted | Some of the month's fills can't be dated, so the month shows this in place of a count. |

## Check an invoice

1. Open **Usage and billing** in the Connect dashboard and find the invoice. It shows the month, the
   amount, its active traders and their price, and any late lines.
2. Read the invoiced month in **Traders**. Its count is the count on your invoice.
3. Match each trader against your own records by your id for them.
4. Check the arithmetic: the amount is the active traders times the price.
5. Read the month again after a later invoice. A trader whose fill arrived late is listed, and that
   later invoice billed them on its late line.

## The routes this page calls

The Connect dashboard makes these calls with your team's Connect sign-in:

| Step | Route |
| - | - |
| Read your active traders | `GET /api/connect/apps/{appId}/traders?month=2026-11` |
| Read your invoices | `GET /api/connect/apps/{appId}/invoices` |

## Next steps

<CardGroup cols={2}>
  <Card title="Route your traders' orders" icon="chart-line" href="/guides/route-your-traders-orders">
    Read each trader's accounts, the ones that make them active.
  </Card>

  <Card title="Tiles and white-label paper" icon="table-cells" href="/guides/connect-tiles-and-paper">
    Choose what your Connect offers, white-label paper included.
  </Card>

  <Card title="Pass conformance" icon="list-check" href="/guides/connect-conformance">
    Run the graded check of your app's whole journey.
  </Card>

  <Card title="Connect overview" icon="link" href="/guides/connect-overview">
    See the whole journey, and what runs today.
  </Card>
</CardGroup>


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