The cost of a trade,
line by line.
There are three places a cost can appear: the spread, a commission on some instruments, and financing on a position you hold overnight. This page explains each one and where the exact figure sits before you trade.
- Spreadbuilt into the pricespread × position size
- Commissionwhere an instrument uses onerate × notional value
- Overnight financingonly if held past rolloverrate × position value × nights
- Cost of the tradethe three above, added up
That is the whole of it. The rates that go into each line are published per instrument, because they do not behave the same way across currencies, indices, commodities and shares.
Four levels, one platform
Every tier trades the same four markets on the same platform. What changes is the depth of the tooling and how much of our time comes with it.
Basic Trader
The core tools, and room to learn on them
€1.000
- Live market data across every asset class
- The standard charting and order tools
- Technical support around the clock
- Insights matched to what you trade
- An account manager you can reach
Standard Trader
More instruments, deeper analysis
€10.000
- Live market data across every asset class
- Advanced charting, analysis and alerts
- Technical support around the clock
- Market reports tuned to your positions
- An account manager you can reach
Pro Trader
The full professional toolkit
€50.000
- Real-time data across all four markets
- Advanced tools, alerts and backtesting
- Support queued ahead of general enquiries
- Trading insights built around your book
- An account manager you can reach
Premium Trader
Everything, with someone alongside you
€100.000
- The complete set of advanced tools
- Reporting and analysis built to request
- One-to-one onboarding and training
- A dedicated account manager
- Priority on every support channel
Three places a cost can appear
Two of them apply when you deal. The third only applies if you keep the position past the end of the trading day.
The spread
Every instrument has a price to buy and a slightly lower price to sell. The gap between the two is the spread, and it is the main cost of trading. You meet it once, when the position opens.
Nothing is deducted from your balance as a separate line, because the cost is already in the price you dealt at: a new position starts marginally behind, and it moves into profit once the market has travelled through that gap.
A spread is not a fixed number. It follows the market it comes from — wider when liquidity thins, around a market open or a scheduled release, and back to normal once ordinary trading resumes. That is why the figure belongs with the instrument rather than in a headline.
Commission
Some instruments are priced with a commission instead of a wider spread. Where that is the case it appears as its own line rather than inside the price, and the instrument sets out how the commission is worked out before you deal.
Overnight financing
Keep a position past the end of the trading day and it carries a financing adjustment for every night it stays open. How large it is, and which way it runs, depend on the instrument and on which side of the position you are; each instrument states what applies to it. A position opened and closed the same day is not affected.
A cost you cannot check is not transparent
A cost you cannot see before you commit is a cost you cannot weigh. This page sets out what to look for and where to look for it; the figures themselves are published per instrument.
Read the ticket before you confirm
What a trade will cost should be legible on the order ticket, for that instrument and that size, before you commit to it. If you cannot find it, ask us rather than placing the trade and finding out.
Ask per instrument, not per account
Costs do not behave the same way across currencies, indices, commodities and shares, so one headline number covering a whole account tells you very little. The figures on this page will be published per instrument.
Financing accrues while a position is open
A position held past the daily rollover accrues a financing charge or credit for each night it stays open, and it can run either way depending on the instrument and the direction. Check it against the position rather than waiting for a statement.
Not every charge is a trading cost
Funding, withdrawal and currency conversion are account charges rather than costs of a trade, and this page does not cover them. They will be set out in the account documents; until those are published, ask us what applies to you.
Asking about a specific instrument
Tell us the instrument and the size you have in mind and we will go through the cost of it with you. Better answered before you fund an account than after.