values the ideas of transparency and fairness, with this in mind, on this page you will find a detailed and clearly structured explanation of all charges that may be incurred in using this platform.
Spreads, Commission, Rollover and Margins
For each underlying asset, a bid and ask price will be provided. The difference between these two prices is called the spread. Every order uses the bid price to sell and the ask price to buy. The spread is the fee that is paid to the broker for executing the trade.
For stock CFDs, a small commission in the form of a percentage will be deducted upon the opening and closing of your position. For all stock CFDs, this commission amounts to 0.1%.
For each position held overnight (ie, at or after 21:00 GMT), a rollover fee is due. Rollover fees vary based on the underlying asset. In addition, based on your investment direction, your account may be charged a rollover fee or you will receive a credit.
A margin is the amount of money that must be set aside when you open a new position. This amount is seen as a security deposit against adverse price movement for you. A margin is not a fee per se, but rather capital that is not freely available until the open position is closed. More information about margins can be found HERE.
*Please note that the margin is always calculated variably and you will need to have enough money in your account to avoid an automatic closing of your position. *
For detailed information on all applicable fees (Spread, Commissions, Rollover and Margin), please refer to our asset list HERE.