Pricing
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Tiered plans trading commission
Bronze
Minimum deposit: $500
Per share $0.01
Minimum order $1.5
Order routing *** $0.0015
Silver
Minimum deposit: $5,000
Per share $0.008
Minimum order $1.5
Order routing *** $0.0015
Gold
Minimum deposit: $10,000
Per share $0.007
Minimum order $1.5
Order routing *** $0.0015
Platinum
Minimum deposit: $25,000
Per share $0.006
Minimum order $1.25
Order routing *** $0.0015
Diamond
Minimum deposit: $50,000
Per share $0.005
Minimum order $1
Order routing *** $0.0015
* USD or equivalent amount.
** Fixed plans are available according to company’s sole discretion after review of client’s trading volume, remaining balance and a trading model. Fixed plans might change instantaneously at the company's sole discretion upon notification to the customer of the relevant changes prior to the subsequent opening of a trading session.
*** Order routing is per share
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Fixed plans trading commission
Bronze
Minimum deposit: $2,000
$12 up to 3000 shares
$0.006 for each additional shareOrder routing *** $0.0015
Silver
Minimum deposit: $5,000
$9 up to 3000 shares
$0.006 for each additional shareOrder routing *** $0.0015
Gold
Minimum deposit: $15,000
$6 up to 3000 shares
$0.007 for each additional shareOrder routing *** $0.0015
Platinum
Minimum deposit: $25,000
$8 up to 4000 shares
$0.005 for each additional shareOrder routing *** $0.0015
Diamond
Minimum deposit: $50,000
$9 up to 5000 shares
$0.004 for each additional shareOrder routing *** $0.0015
* USD or equivalent amount.
** Fixed plans are available according to company’s sole discretion after review of client’s trading volume, remaining balance and a trading model. Fixed plans might change instantaneously at the company's sole discretion upon notification to the customer of the relevant changes prior to the subsequent opening of a trading session.
*** Order routing is per share
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Financing Fee
Plan Bronze Silver Gold Platinum VIP Overnight Leverage fee (up to 1:2) 0.026% 0.026% 0.026% 0.026% 0.026% Excess overnight Leverage fee (above 1:2) 0.50% 0.50% 0.50% 0.50% 0.40% Overnight “Daily Margin interest” of 0.026% applies to leveraged positions (Positions > Equity), for the difference between the value of the positions and the equity.
An Additional Overnight daily margin interest, “BP over used”, of 0.5% applies to leveraged positions that exceed twice the equity (Positions > Equity × 2), for the difference between the value of positions and equity × 2.
The charges apply to open positions kept overnight and are calculated daily, including weekends and holidays. If position held over the weekend, the fee will be charged 3 times, Saturday, Sunday, Monday.
Example:
End of day equity: 1500. End of day positions value: 3500.
Overnight daily margin interest of 0.026% = (3500 - 1500) × 0.026% = $0.52
Overnight daily margin interest of 0.5% (BP over used) = (3500 - 1500 × 2) × 0.5% = $2.5
Total Financing fee = $3.02
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Other Fees
CFDs on Equities Routing Fee:
Number of shares*
Routing Fee Category 0-399 400-599 600-799 800-999 1,000-1,499 1,500-2,499 2,500+ Low $0.0015 $0.0020 $0.0030 $0.0040 $0.0060 $0.0080 $0.0120 Mid (default) $0.0020 $0.0040 $0.0060 $0.0080 $0.0100 $0.0300 $0.0500 High $0.0020 $0.0020 $0.0020 $0.0020 $0.0020 $0.0020 $0.0020 CFDR Legacy $0.0100 $0.0200 $0.0300 $0.0400 $0.0500 $0.0500 $0.0500 Low Liquidity $0.0200 $0.0300 $0.0400 $0.0500 $0.0500 $0.0500 $0.0500 Mid Liquidity $0.0500 $0.0500 $0.0500 $0.0500 $0.0500 $0.0500 $0.0500 High Liquidity $0.0500 $0.0500 $0.0500 $0.0500 $0.0500 $0.0500 $0.0500
*Number of shares range refers to the trades executed in the same CFD on equity symbol, price and time including simultaneous trades with different amount of shares of the identical symbol executed at the same price, might be consolidated for the purpose of routing fees categorization by the Company.
CFDs on Equities Routing Fee Categorization might change instantaneously at the company's sole discretion due to market liquidity, trading volume and trading type/model of the client account and upon notification to the client of the relevant changes prior to the subsequent opening of a trading session.
Spread trading, out of market filling and trading on low volume CFDs on equities, typically under 600,000 shares per day, is prohibited, and may lead to transactions being modified/cancelled with additional charges and/or fees being applicable including the termination of the agreement and legal actions initiated.
The Company reserves the right to change any of the above commonly used prices/fees from time to time.
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Stop-out Levels
Stop-out is triggered when your account equity drops below a certain level, predefined for your account, of the margin needed to maintain your open positions. The least profitable positions will be closed until margin level gets above the minimum required level.
Retail clients – Automatic stop-out at 50%
Professional clients – No automatic stop-out. Positions will be closed at market once account reaches negative equity.If the volatility in the market is too high, even after automatic liquidation of the positions, your account balance may go below 0. In such cases, the company will apply Negative Balance Protection, for both Retail and Professional clients, and zero the account balance.
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Tiered plans trading commission
Bronze
Minimum deposit: $3,000
Per share
Minimum order $0.01
$2.5Order routing *** $0.0015
Silver
Minimum deposit: $5,000
Per share
Minimum order $0.01
$2Order routing *** $0.0015
Gold
Minimum deposit: $10,000
Per share
Minimum order $0.01
$1.5Order routing *** $0.0015
* USD or equivalent amount.
** ECN, TAF, SEC fees apply
*** Order routing is per share
**** Fixed plans are available according to company’s sole discretion after review of client’s trading volume, remaining balance and a trading model. Fixed plans might change instantaneously at the company's sole discretion upon notification to the customer of the relevant changes prior to the subsequent opening of a trading session.
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Fixed plans trading commission
Bronze
Minimum deposit: $25,000
$6.95 up to 3000 shares
$0.006 for each additional shareOrder routing applies
Silver
Minimum deposit: $50,000
$9.95 up to 6000 shares
$0.006 for each additional shareOrder routing applies
* USD or equivalent amount.
** ECN, TAF, SEC fees apply
*** Fixed plans are available according to company’s sole discretion after review of client’s trading volume, remaining balance and a trading model. Fixed plans might change instantaneously at the company's sole discretion upon notification to the customer of the relevant changes prior to the subsequent opening of a trading session.
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Financing Fee
Plan Bronze Silver Gold Platinum VIP Overnight Leverage fee (up to 1:2) 0.026% 0.026% 0.026% 0.026% 0.026% Excess overnight Leverage fee (above 1:2) 0.50% 0.50% 0.50% 0.50% 0.40% Overnight “Daily Margin interest” of 0.026% applies to leveraged positions (Positions > Equity), for the difference between the value of the positions and the equity.
An Additional Overnight daily margin interest, “BP over used”, of 0.5% applies to leveraged positions that exceed twice the equity (Positions > Equity × 2), for the difference between the value of positions and equity × 2.
The charges apply to open positions kept overnight and are calculated daily, including weekends and holidays. If position held over the weekend, the fee will be charged 3 times, Saturday, Sunday, Monday.
Example:
End of day equity: 1500. End of day positions value: 3500.
Overnight daily margin interest of 0.026% = (3500 - 1500) × 0.026% = $0.52
Overnight daily margin interest of 0.5% (BP over used) = (3500 - 1500 × 2) × 0.5% = $2.5
Total Financing fee = $3.02
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Other Fees
ECN, TAF and SEC fees:
The Company has no control over ECN, TAF and SEC fees rates and these may change at any time without prior notice to the Company. The Company will notify the Trader immediately after receiving notice of changes in ECN, TAF and SEC fees by announcement on its web site. For all types of Financial Instruments that the Company offers, the commissions, financing fees, ECN, TAF and SEC fees are not incorporated into the Company`s quoted price and are charged extra and deducted from the client`s account.
FINRA Trading Activity Fee (TAF Fee) rate for sales of covered equity securities is $0.000119 per share, with corresponding per transaction cap for covered equity securities of $5.95 for more than 50,000 shares. For more info, please follow the link
SEC fee is based on the aggregate dollar amount of sales of certain securities (“covered sales”) transacted on the exchange. The fee is calculated as rate of X USD per million USD for covered sales occurring on charge dates. Please review relevant SEC announcement at the following link
ECN and Routing fees:
The following are the Equity ECNs’ and Market Makers’ routes and respective fees. The price of the fees is a mere indication and subject to changes by the route provider without prior notice to the Company.
Route $Remove $Add ARCA* 0.003 -0.002 NSDQ 0.003 -0.002 BATS 0.0029 -0.002 EDGX 0.003 -0.002 CLMX 0.0015 0.0015 NITE** 0 0 SOHO 0.003 -0.002 UBSS 0.003 -0.002 CDRG 0.003 -0.002 *ARCA charges $0.03 per shares for Odd Lots (trades of less than 100 Shares)
**NITE charges 0.00001 cent per share for every trade of Pink Sheets & Bulletin Board stocks priced at 10 cents or less.
On short positions, additional fees may apply. All details will be disclosed upon request by email or phone.
A pre-market and after-market trading fee apply as an integral part of the trading commission with an increase of $0.03 per share.
Additional costs
Direct expenses Cost Stock Borrow Fee Fee set by market - pass thru as incurred ADR Creation/Cancellation $52.5 plus pass thru fee from ADR Sponsor, third parties Option Exercise/Assignment $7.5 per symbol per account Trade Corrections $37.5 per item DK Items on DVP Trades $37.5 per item plus interest (FFR+5%) Reorg Wire $30 per item Out-bound ACATs $150 per ACAT In-Bound ACATSs no charge DTC Free Deliveries – In waived DTC Free Deliveries – Out $3 per movement Foreign Security Free Deliveries/Receives $52.5 per movement DRS Transaction $112.5 per security DWAC $112.5 per event DWAC/DRS Reject $187.5 per security Domestic Voluntary Corp Actions/Reorganization $75 per CUSIP per Account International Voluntary Corp Action/Reorganization $150 per CUSIP per Account Involuntary Reorgs waived Reorg Physical Processing Fee $225 plus transfer agent fees Short Buy-in Fee $37.5 per ticket Physical Trade Settlement – not always known upfront $450 per security Physical security deposits not permitted / $750 if exception made Restricted Transfers $750 per security Standard Transfers $225 per security Reg 144 Sales Will vary. Need to speak in advance Non-Transferable stock held $15 per month per stock Safe Keeping – certificates $7.5 per month per account per CUSIP Electronic to physical certificate conversion $1350 per security NSCC Illiquidity Fee $375 per trade plus 15% interest/annum on NSCC charge Low Priced Securities Transactions >100,000 shares <$1 /share incur a surcharge of $0.0003/share with 5% notional trade value max.
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Trading commission plans
Basic ($) Semi Standard ($) Standard ($) VIP ($) Premium VIP ($) Minimum Deposit 2,000 3,000 5,000 10,000 50,000 Commission: Majors 14.5 7 4 3 2 Minors 14.5 7 4 3 2 Exotic 14.5 7 4 3 2 USDILS 15 12.5 10 7.5 7.5 Metals 0.255 0.125 0.1 0.09 0.075 Silver 0.0255 0.0125 0.01 0.009 0.005 Energy 1.55 0.75 0.5 0.4 0.375 Indices 1.55 0.75 0.65 0.5 0.42 US Index 0.75 0.35 0.28 0.25 0.2 Agriculture 7 3.5 3 3 3 Stocks 0.020 0.018 0.014 0.010 0.010 * The commission fee per 1 contract per side.
* The Company reserves the right to change any of the above commonly used prices from time to time.
* Islamic accounts are available upon request.
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Financing Fee
In MT4 platform, the financing fee is called a Swap or Rollover.
If a trade is kept open overnight, then there is a financing fee calculated on that position. The cost or income is calculated as the overnight interest rate differential between the two currencies on which the position is held, depending on the type of the position (long/short).
In the trading terminal financing fee is automatically converted into the balance currency.
Operation is conducted between 20:30 – 00:00 GMT.
From Friday to Monday financing fee is charged once.
From Wednesday to Thursday the fee is charged at a triple rate to account for the weekend.
Islamic accounts shall not be subject to interest payments. It should be noted that the spreads applicable for such accounts shall be higher than the ones applicable to regular accounts. More specifically, the spread available for Islamic accounts is:- For major currency pairs - in addition to the regular spread there will be an additional 2 pips over the FX commission plans indicated in the table below
- For exotic currency pairs - in addition to the regular spread there will be an additional 4 pips over the FX commission plans indicated in the table below.
Additional correction, credit or debit, will be applied separately to the client’s account. The correction will be based on the financing credit/debit that was waived during the possession of the asset in the trading account.
Financing fee calculation
Currencies
Formula:
Fee = (Pip Value * Fee Rate * Number of Nights) / 10
Example:
Holding over the weekend 1 lot of EUR/USD Long with an account denominated in EUR
1 lot = 100,000; Pip Value = 10$; Fee Rate = -2.5; Number or Nights = 3
Fee = (10 * (-2.5) * 3) / 10 = $-7.5Click here to review financing fees for all instruments.Other
Formula:
Fee = Lot Size * Fee Rate * Number of Nights
Example:
Holding over the weekend 1 lot of US Oil (100 barrels) Long with an account denominated in USD
Fee Rate = -1.5; Number of nights = 3
Fee = 1 * -1.5 * 3 = $-4.5
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Other
Forex Trading Times
Forex trading is available 24 hours a day, 5 days a week. Allowing traders access during all market trading times. For up to date trading hours, please refer to instrument specifications in the trading platform.
Order Sizes
The minimum transaction size is 0.01 contract, for forex pairs this is equivalent to 1,000 units of the base currency. Typical maximum transaction size for an instrument is 1000 contracts. For detailed specifications, please refer to the trading system.
Order Types
Following order types are available:
- Market Order
- Buy Limit
- Sell Limit
- Buy Stop
- Sell Stop
For more info regarding order types and transactions execution, please refer to our Order Execution Policy.
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Stop-out Levels
Stop-out is triggered when your account equity drops below a certain level, predefined for your account, of the margin needed to maintain your open positions. The least profitable positions will be closed until margin level gets above the minimum required level.
Retail clients – stop-out at 50%
Professional clients – Stop out at 10%If the volatility in the market is too high, even after automatic liquidation of the positions, your account balance may go below 0. In such cases, the company will apply Negative Balance Protection, for both Retail and Professional clients, and zero the account balance.
Deposit and Withdrawal fees:
In-coming Wire fee – No charge
Out-going Wire fee – Free for first withdrawal of the month of less than $500. Otherwise, $40 per wire (30 EUR for Euro-based accounts)
Deposits and withdrawals not made in US Dollars to/from USD based trading accounts, will be exchanged to/from US dollars according to bank check exchange rates. When the client withdraws funds, it is the Company’s standard practice to send the money back to the client in the same currency the money was originally deposited.
Confirmations and Statement delivery:
Electronic – No charge
Physical – $10 per delivery
Corporate Action Fees:
Mandatory corporate action - A mandatory corporate action is an event initiated by the
board of directors of the corporation that affects all shareholders. Participation of shareholders are
mandatory for these corporate actions. Examples of mandatory corporate actions include dividends, stock
splits, mergers, pre-refunding, return of capital, bonus issue, asset ID change, and spin-offs.
Voluntary corporate action - A voluntary corporate action is an action where the
shareholders elect to participate in the action. A response is required for the corporation to process the
action. An example of a voluntary corporate action is a tender offer. The shareholder may or may not
participate in the tender offer. Other types of voluntary actions include rights issue, making buyback
offers to the shareholders while delisting the company from the stock exchange.
Mandatory with choice corporate action - This corporate action is a mandatory corporate
action where shareholders are given a chance to choose among several options. An example is cash or stock
dividend option with one of the options as default. Shareholders may or may not submit their elections. In
case a shareholder does not submit the election, the default option will be applied.
Corporate Action Fee - For any Mandatory corporate action a processing fee of $5 will be
charged. For any Voluntary corporate action or
Mandatory with choice corporate action a processing fee of $50 will be charged.
Examples:
Case 1: Client is holding shares (Short position) of a company that is paying dividends. The client is obliged to pay $3.85 as a dividend for his/her holdings. In this case client`s account will be debited with $3.85 as dividend adjustment and charged $5.00 for "Corporate Action Fee". Overall client`s account will be charged $8.85.
Case 2: Client is holding shares (Long position) of a company that is paying dividends.
The
client is entitled to receive $3.85 as a dividend for his/her holdings. In this case client`s account will
be credited with $3.85 as dividend payment and charged $5.00 for "Corporate Action Fee". Overall client`s
account will be charged $1.15.
The Dividend’s charge will be done after the Execution Date.
The Dividend payment will be done in Equity accounts only, after the Payment Date and upon receiving the
dividend by the company on behalf of the client.
Splits and reverse splits will be done following the corporate event’s Effective date.
The Declaration Date, also known as the Announcement Date, is the date when an issuer's board of directors announces a dividend distribution.
Record Date - When an issuer decides to declare a dividend, its board of directors establishes a Record Date. This is the date when a person must be on the company’s record as a shareholder to receive the dividend payment.
Once the record date is set, the ex-dividend date is set according to the rules of the stock exchange on which the stock is traded. The ex-dividend date is typically set for two business days prior to the record date (If a company issues a dividend in stock instead of cash, the ex-dividend date rules are slightly different. With a stock dividend, the ex-dividend date is set on the first business day after the stock dividend is paid out.)
Investors need to buy the dividend - paying stock at least three days before the record date, since trades take three days to settle. Since the ex-dividend date is usually set two business days prior to the record date, investors need to own the stock one day before the ex-dividend date to receive the dividend.
The Payment Date is the date when dividend checks are mailed out or credited to investor accounts.
Therefore, The Company shall apply the fees on Long positions on the Payment Date, for traders who have held the position on the record date (subject to the ex-date terms which may vary), and the Company shall apply the fees on short positions, usually on the Ex-Date, unless otherwise is applicable according to the relevant market terms and Company's discretion. The actual fees may be set and recorded in the Client's account later than the Payment or Ex-Dates.
Inactivity fee:
In case of absence of any trading activity for 30 consecutive days of the Client‘s account, the Company reserves the right to charge a fixed payment (“inactivity fee”) of 30 USD (or 27 EUR for EUR based accounts) per month for CFDs accounts and 55 USD (or 48 EUR for EUR based accounts) per month for Equities accounts in order to maintain the account assuming that the Client’s account has the available funds. The status of the account shall be changed to inactive. The payment of the above mentioned amount will commence after the end of the 30th day of inactivity and will continue for as long as the activity in the Client’s trading account is absent or low (‘low’ trading activity is defined as less than 5 transactions in the last 30 days in the Client’s account). If the Client’s account is funded with less than the amount of a Inactivity fee and has been inactive, the Company reserves the right to charge a lower amount to cover administrative expenses and close the account. The company remains the right to charge the fee retroactively if any payments were omitted.
If the Client will not perform any trading activity or his trading activity will be of very low volume, as defined above, for 30 consecutive days, or if the Trader does not hold minimum funds in his/her account, as defined by the Company, the Company will close any or all open trades, and/or remove Client’s access to the account, and/or terminate this Agreement. The client will be promptly notified of the changes made in the account.
In case of absence of any trading activity for 30 consecutive days in the Client’s account, the Company may cancel any trading privileges granted to the Client. In this case the Client’s Buying Power may be equal to the Client`s equity.
Real-time Data Feed:
Nasdaq OMX Market Data Fee of $15.1 (NYSE/AMEX $2.4, NAS $1.2, NAS Level II $11.5) is charged on a monthly basis. Nasdaq OMX fees can be reviewed at the following link: http://www.nasdaqtrader.com/Trader.aspx?id=DPUSData
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