Charges and Fees
We are transparent about our charges and fees, so you always know what you will be charged when you trade with us.
Spreads
A spread represents the cost of opening and closing a specific CFD position and varies across asset classes and instruments.
Definitions
A spread is the difference between the bid (buy) price and the ask (sell) price for a specific trade. It is therefore your cost of opening and closing a specific position and it could have a significant impact on the profitability of your trades.
Tighter spreads tend to mean lower trading costs, everything being equal. A tighter spread means that the market price doesn’t have to move as far from your entry price, for your trade to become profitable.
Volatility caused by major economic developments and market news can trigger sudden high fluctuations in the price of specific instruments, which can lead to an increase (or widening) of spreads, in order to cover the increased risk of volatile markets.
During daily breaks and in major news, spreads may widen.
Margin: can be thought of as a deposit that is required when using leverage. Each time you open a leveraged position a certain amount of your account balance is secured as margin. The exact amount is dependent on the size of the position and the leverage which is being used. Margin is there to guarantee the position you have opened in case it goes against you.
PIP stands for Percentage in Point and it is a standardized unit and is the smallest amount by which a currency quote can change. It is usually $0.0001 for U.S.-dollar related currency pairs, which is more commonly referred to as 1/100th of 1%, or one basis point.
Leverage involves borrowing a certain amount of the money needed to invest in something. In the case of forex, that money is usually accommodated by a broker. Leverage allows investors to command a much larger investment than their capital will allow, thus allowing them to potentially increase their returns while only investing a percentage of the overall value of the asset in question.
Leverage is estimated and depends on the real-time value of the instrument.
An overnight charge or sometimes called a swap fee is charged when you keep a position open overnight.
A rollover refers to the process of closing out open positions in soon-to- expire contracts in favor of contracts with later expiration dates.
Conversion fees apply when your account currency is different than the quoted currency of the underlying asset being traded. The fee will be reflected as a percentage of the conversion rate used.
Conversion Fees are as follows:
Profit/Loss: 2%
Overnight Rollover (Swaps) : 2%
CFD Rollover: 2%
Dividend Conversion Fee: 2%
Split Conversion Fee: 2%
We charge a $50 monthly fee, if no trading activity has occurred for 90 days or more.
A Deposit /Withdrawal Fee is a fee charged by the Company when depositing or withdrawing funds to and from your account. Currently you will not be charged any Deposit / Withdrawal Fees, as they are all covered by Trade.com. However we reserve the right to introduce minimum Deposit / Withdrawal Fees upon prior notification to our clients regarding the conditions and amounts of applying such fees.
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