What are you charged when you trade with us?

We’re transparent about our fees and charges, so you’ll always know what you’ll be charged when you trade with us.

Spreads

A spread represents the cost of opening and closing a specific CFD position and varies across asset classes and instruments.

Trade CFD shares in your
favorite company

Crypto

Trading cryptocurrencies

Indices

Global indices covering the largest economic regions

Commodities

Energy, metals, soft and hard raw materials

Forex

The most liquid market in
world

Additional fees

A spread represents the cost of opening and closing a specific CFD position and varies across asset classes and instruments.

Overnight fees

An overnight swap fee shall apply for each position that remains open overnight.

Conversion fees

Conversion fees are incurred when your account currency is different from the quoted currency of the underlying asset being traded.

Inactivity fees

If there is no trading activity for more than 90 days, we charge a monthly fee. For inactive accounts over a period of more than 12 months, an annual inactivity fee will be charged.

No fees for deposits/withdrawals

You will not be charged any deposit or withdrawal fees as they are covered by Hero Markets.

No other fees

We don’t charge any fees for live course data, account documentation fees or other fees.

Commission

When you trade CFDs on shares and CFDs on cryptos, you will be charged a commission when you enter and exit a position

* Commission on CFDs on shares and cryptocurrencies

Definitions

What is spread?

A spread is the difference between the buy and sell price of a specific trade. It is therefore the cost of opening and closing a particular position and can have a major impact on the profitability of your trade.

A tighter spread usually means lower trading costs, all else being equal. A tighter spread means that the market price doesn’t have to move as far from your entry price for the trade to be profitable.

Volatility caused by major economic changes and market news can trigger sudden large fluctuations in the price of certain instruments, which can lead to an increase (or widening) of spreads to cover the increased risk of volatile markets.

During daily breaks and major news events, spreads may widen.

What is margin?

Margin can be thought of as a deposit required when using leverage. Every time you open a position with leverage, a certain amount of your account balance is secured as margin. The exact amount depends on the size of the position and the leverage used. The margin is there to guarantee the position you have opened, in case it goes against you.

What is a PIP?

PIP stands for Percentage in Point and is a standardised unit that is the smallest amount by which an exchange rate can change. It’s typically $0.0001 for US dollar currency pairs, which is commonly referred to as 1/100 of 1%, or one basis point.

What is gearing?

Leverage involves borrowing a certain amount of the money needed to invest in something. In the case of foreign exchange, this money is usually provided by a broker. With leverage, investors can demand a much larger investment than their capital allows, potentially increasing returns while only investing a percentage of the total value of the asset in question.

The leverage is estimated and depends on the real-time value of the instrument.

What are conversion fees?

Conversion fees are incurred when your account currency is different from the quoted currency of the underlying asset being traded. The fee is reflected as a percentage of the conversion rate used.

The conversion fees are as follows:
Gain/Loss: 2%
Overnight rollover (swaps): 2%
CFD Rollover: 2%
Dividend conversion fee: 2%
Split conversion fee: 2%

What is the inactivity fee?

We charge a monthly fee of $25 if there has been no trading activity for 90 days or more.
If your account remains inactive for a period of more than 12 months, an annual inactivity fee of $100 or equivalent per quarter will apply, less any monthly inactivity fees already charged.

What is the deposit/withdrawal fee?

A deposit/withdrawal fee is a fee charged by the company when you deposit or withdraw money to and from your account. Currently, you will not be charged any deposit/withdrawal fees as they are covered by Hero Markets. However, we reserve the right to introduce minimum deposit/withdrawal fees upon prior notice to our clients of the terms and amounts of such fees.

How are rollover fees calculated?

Total Rollover Adjustment = Rollover Adjustment + Rollover Spread Fee.

What is your equity?

Your account value is equal to your balance, plus any P&L from open positions.

What is your balance?

Your account value excluding P&L from open positions – it is equal to the funds you have deposited in your account and the P&L from closed positions.

What are the trading hours and where can I see them?

You can see the trading hours for each instrument under the respective asset class on the website.

What is your free margin?

The amount of funds you have available to use as initial margin for new positions. Calculated by subtracting the margin used by your current open positions from your equity.

What is your applied margin?

Sets the sum of the margin currently used by your open positions. Calculated by subtracting all the initial margins of your open positions.

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Fees and charges