Costs, Fees & Charges
There are no fees for registering and opening an account with us. We will not charge you a monthly fee for owning an account either, however, you should keep in mind that there are some charges related with trading, transferring money and inactivity.
Costs related with trading:
Spread – When you open a transaction, spread is automatically charged, which is why your transaction opens with ‘a minus’. Spread which includes mark-up (if applicable), is the difference between the BUY and the SELL price and it can vary between different financial instruments; its size depends on the type of the Account Type held by you and the market conditions. Keep in mind that, since we offer floating spread, it can widen or contract at any time, without a warning.
Commissions – Commission is only charged on the VIP account, and it equals 1.2 pips per each closed lot.
Overnight Financing / Swaps - The swap is the interest added or deducted for holding an open position overnight. Swaps are charged in the form of points or monetary terms depending on the financial instrument, and are based on market interest rates, which may vary from time to time. Depending on the position held and the interest rate of the currency involved in the Transaction, you may either be credited or debited with financing. On Mondays, Tuesdays and Thursdays, swaps are charged once every working day. On Wednesdays and Fridays (depending on the product) swap is charged in triple size. You can view all swaps in your MT4 Terminal.
Costs related with money transfers:
Transfer fees may be charged by certain payment providers, however commissions for deposits and/or withdrawals are never charged by us under no circumstances. To find more information regarding the commission charged by the payment providers, visit our Deposits & Withdrawals section.
Costs related with the lack of activity:
In the event that there is no activity (trading/withdrawals/deposits) in your trading account for a continuous period of 90 (ninety) calendar days, such trading account will be considered to be dormant. Dormant Accounts will be charged with a monthly dormant fee of EUR 30 (or the equivalent in the Account Currency) or the full amount of the free balance if the balance is less than EUR 30. There will be no fee if the free balance is in the Account is zero.