Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Trading fees
Enhance your trading strategy with low fees
CFD-retail client accounts generally lose money
TRADE FROM
0.4 PIPS SPREAD
TRADE FROM
$0 COMMISSION
AVAILABLE
FREE DEPOSITS
AVAILABLE
FREE WITHDRAWALS
TRADE FROM
0.4 PIPS SPREAD
TRADE FROM
$0 COMMISSION
AVAILABLE
FREE DEPOSITS
AVAILABLE
FREE WITHDRAWALS
TRADE FROM
0.4 PIPS SPREAD
TRADE FROM
$0 COMMISSION
AVAILABLE
FREE DEPOSITS
AVAILABLE
FREE WITHDRAWALS
Spread
What is the spread
TIOmarkets, as well as other financial brokers, quote two different prices for all available instruments on the platform. In trading, the spread refers to the difference between the buy (ask) and sell (bid) prices. The 'bid' is the lower price and it is the price at which you can sell at. The 'ask' price is the higher of the two prices and it is the price at which you can buy at. The difference between these two prices is known as the spread.
How the spread is calculated
The spread is calculated by subtracting the bid price from the ask price. The spread can be expressed in absolute terms (e.g. 5 cents) or as a percentage of the ask price (e.g. 0.5%). However, it is commonly expressed as a unit of price measure. In Forex trading, the spread is expressed in terms of PIPs or points. Where the latter are fractions of a PIP. In stock trading, the spread is expressed in terms of price ticks.
Example of spread calculation
Spread = ASK price - BID price
Ask price = 1.08097
Bid price = 1.08096
Spread = 1.08097 - 1.08096
Spread = 0.00001
Or 0.1 PIPs
How does the spread affect trading costs
The spread is a trading cost incurred whenever a financial instrument is bought or sold. When you buy an instrument you pay the ASK price. Then when you sell the same instrument, you can only do so on the BID price. Since one price is lower than the other, the cost to enter and exit the market incurs a small cost. In order to break even and recover this cost, the price has to move in the direction of your trade by at least the distance of the spread.
The size of the spread has a direct impact on the cost of trading. Lower spreads indicate lower costs while higher spreads indicate higher costs. So the higher the spread, the further the price has to move in your favor to reach a break even price.
Additional information about spreads
Supply and demand or the available liquidity in the market affects spreads.
Spreads are variable and fluctuate.
Spreads can widen during times of high market volatility.
Important news releases can significantly impact spreads.
The time of day can affect how wide or tight spreads are.
Commission
What is trading commission
A trading commission is a fee incurred whenever you execute a trade in your trading account. Trading commissions can vary depending on the account type, trading platform and the size of the trade. This is a cost of trading that has to be taken into account in addition to the spread.
How is the trading commission calculated
On the MT4 trading platform, the trading commission is fixed and depends on the account type the trades are executed on. See the fixed commission for each account type below.
Account
Standard
VIP
VIP Black
Commission
$5
$2
$0
Platform
MT4
MT4
MT4
For more information about TIOmarkets' trading accounts and to choose one that is right for you. See the accounts overview page
How commission affects trading costs
The fixed commission per trade provides predictability in transaction costs. You will know precisely how much you will be charged for each transaction you make. Which can be beneficial when planning your trades.
The fixed commission is calculated per round turn lot depending on your trading account type, please see the table above. Here is an example using the VIP account.
Example commission depending on lot size
Commission per round turn 1.0 lots = $2
Commission per round turn 0.1 lots = $0.20
Commission per round turn 0.01 lots = $0.02
Additional information about commissions
You pay the full commission whenever you open a trade.
The commission includes the opening and closing of the trade.
Commission is charged per round turn lot.
The higher your trading volume is, the higher the commission.
The commission in addition to the spread must be taken into account as a cost of trading.
Commissions impact trading profitability and lower commissions are more advantageous.
Swaps
What are swaps
Swaps are the interest paid or earned for holding a position overnight. These interest rates are set by central banks and are attached to open positions. What instruments you trade will determine whether you pay or earn the swap whenever a position is rolled to the next trading day. The lot size and the holding time also determine how much is credited or debited to your trade.
How are swaps calculated
Consider this simple hypothetical scenario where you're trading the USDJPY. This currency pair involves the US Dollar and the Japanese Yen. The interest rates linked to these currencies are determined by their respective central banks. Which is the US Federal Reserve, often referred to as the FED and the Bank of Japan, known as the BOJ.
Suppose the FED sets an interest rate of 5% annually, while the BOJ decides upon a 0% interest rate. This means that the US Dollar would yield 5% interest each year. While the Japanese Yen would not yield anything. Conversely, borrowing US Dollar would incur a 5% interest rate while borrowing the Japanese Yen wouldn't incur any yearly interest. So by simultaneously selling the Japanese Yen to buy US Dollar would incur a positive swap differential of 5% per annum. However by simultaneously selling US dollars to buy Japanese Yen would incur a negative swap of 5% per annum.
Swaps are calculated in terms of PIPs or points and are either credited or debited to open positions at 22:00 GMT daily. However on Wednesday’s, there is usually a triple swap to take the weekends into account. The triple swap day can vary depending on the instrument. For up to date information about swaps, please check the contract specifications inside the MT4 trading platform.
To view the current swap rates, right click on the symbol in the market watch window and select specification from the pop-up menu that appears.
Additional information about swaps
You can incur positive or negative swaps on open positions.
Swaps are credited or debited daily for rolling positions over 22:00 GMT to the next trading day. Except on weekends or when the market is closed
Swaps are related to the interest rates set by central banks.
Each currency has its own interest rate.
The interest rate differential determines how much is credited or debited to your trade.
The lot size determines how much is paid or earned in swap.
Swaps are attached to open positions and affect the profit or loss of the trade.
Swaps are ongoing, for as long as the trade remains open.
Spread and overnight swaps
Bid
Ask
Spread
The prices on this page are indicative. Prices for instruments with lower liquidity such as but not limited to exotic currency pairs, stocks and indices are not refreshed as often as commonly traded instruments. Please check inside your MT4 platform for latest live prices.
Funding fees
Deposit fees for fiat currency
Zero if the amount is EUR 100 or more
Minimum deposit amount
EUR 100 or currency equivalent
Withdrawal fees for fiat currency
Zero* if the amount is EUR 20 or more
Minimum withdrawal amount
EUR 20 or currency equivalent
Dormancy fee** if inactive for 3 months
EUR 30 per month
* You may be charged processing fees if you have funded your account and have not traded or want to withdraw less than 20 EUR.
** An account is considered inactive if there are no open positions and no trades have been placed in the last 3 months.
Please see our funding page for more information about the funding methods and the fees associated with depositing and withdrawing.