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Spread Fees

Fee Model Update (August 2014)

Spread Fees - Zero

Spread Fees now eliminated from traded positions, and replaced with the following -

Trade Opening Fee and a Trade Closing Fee.

In line with more convention Trading, we will be applying a Brokerage Fee for each Trade Execution, summarised as follows -

Trade Open Fee: % (of Position Size)

Trade Close* Fee: % (of Position Size)

* the Trade Close Fee is taken at time of Trade Execution, and is held as part of the Deposit.  Upon Trade Liquidation, the Close Fee is taken away from the Deposit.

Explanation Summary

Spread Fees

Before: Spread Fee was applied to displayed Price

  • Spread Fee was applied to displayed Button Prices (Sell/Buy).
  • variation between the Trade Open Price and the Live Market price.
  • Stops and Limits - variation between Auto-Liquidate Price (Close Price) and displayed Limits.

After: Spread Fee removed

  • no Spread Fee is applied to the displayed Button Prices (Sell/Buy).
  • no variation between the Trade Open Price and the Live Market price.
  • Stops and Limits; less likelihood of variation between Auto-Liquidate Price (Close Price) and displayed Limits.  Trade Slippage still needs to be considered.

Trade Opening and Trade Close Fees

  • A Fee is now applied in the case of Opening a Trade, and Closing a Trade.

August 2014 

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