Costs and Charges

Outlined below are the charges/ fees you may incur when you trade with us:

Spread

The spread is the difference between the Sell and Buy prices. The prices are derived from the underlying market.

Financing Costs

Transactions may be subject to either second-by-second or daily, depending upon the underlying instrument, “Financing Charge” or “Financing Credit”, to reflect the cost of funding and holding your position.

The Financing Cost is calculated on a per position basis and may be a charge or a credit, depending on whether the position is a buy/long position or a sell/short position, and after also taking into consideration the impact of our admin fee.

For further information on Financing Costs and funding rates please visit our financing costs page.

Currency Conversion Fees

When an instrument is traded in a different currency to that which your account is denominated, the realised profit or loss, adjustments and any associated fees will be converted to the currency in which your account is denominated at our prevailing currency exchange rate. This rate is calculated by applying a 0.5% mark-up/ mark-down (depending on whether a debit or credit is to be applied to your account) to the midpoint price (buy plus sell price divided in half) at the time of conversion. 

Please visit our home currency conversion page for more details.

Inactivity Fee

If there has been no trading activity for a period of at least 12 months, you may incur a £10 inactivity fee for each month your account remains inactive.  The levying of an inactivity fee will not result in a negative balance on your Account.

For further information on inactivity fees please visit our charges page.

Payments to partners

Depending on the type of partnership, we will pay an affiliate a one-off payment or a regulated IB who provides an ongoing service, a continuous monthly payment.