Spreads and fees
You pay the spread on each trade, whether a robot or you placed it, or the raw spread plus a commission on Quantum, and overnight financing on positions held past 22:00 UTC. There is no subscription for the robots and no charge for deposits or withdrawals.
Typical spread by instrument and account
Spreads are variable. The figures are medians over the London session; they widen around major data releases, at the daily rollover and in thin markets.
| Instrument | Scout | Apex | Quantum, raw | Minimum seen, Quantum |
|---|---|---|---|---|
| EUR/USD | 1.0 pip | 0.6 pip | 0.1 pip | 0.0 pip |
| GBP/USD | 1.3 pip | 0.9 pip | 0.2 pip | 0.0 pip |
| USD/JPY | 1.2 pip | 0.8 pip | 0.1 pip | 0.0 pip |
| XAU/USD | 0.30 | 0.20 | 0.12 | 0.08 |
| US500 | 0.8 pt | 0.5 pt | 0.4 pt | 0.3 pt |
| NAS100 | 1.8 pt | 1.2 pt | 1.0 pt | 0.8 pt |
| GER40 | 1.5 pt | 1.0 pt | 0.8 pt | 0.6 pt |
| WTI | 0.05 | 0.04 | 0.03 | 0.02 |
| US shares | 0.08% | 0.06% | 0.04% | 0.02% |
| BTC/USD | 0.25% | 0.20% | 0.15% | 0.10% |
Quantum accounts only
Charged per side when the position opens and again when it closes. Scout and Apex accounts pay no commission on any instrument.
- Forex and metals
- $3.00 per standard lot, per side
- Indices, energy
- None, spread only
- Share CFDs
- 0.02% of notional, minimum $1
- Crypto
- None, spread only
Positions open at 22:00 UTC
A leveraged position is borrowed exposure, so holding it overnight costs, or occasionally earns, a daily rate. The ticket shows the exact amount before you place the trade, and open positions show the running total.
Wednesday's charge is tripled to cover the weekend. Rates are annualised; the daily charge is the rate divided by 360 (365 for GBP) times notional.
| Asset class | Long | Short |
|---|---|---|
| Forex | Rate differential + 2.5% | Rate differential − 2.5% |
| Indices | Benchmark + 2.5% | Benchmark − 2.5% |
| Share CFDs | Benchmark + 3.0% | Benchmark − 3.0% |
| Commodities | Benchmark + 2.5% | Benchmark − 2.5% |
| Crypto | 0.05% per day | 0.05% per day |
No charge from us on either side
| Method | Deposit arrives | Withdrawal arrives | Third‐party fees | Minimum | Currencies |
|---|---|---|---|---|---|
| Visa, Mastercard | Instant | 1–3 business days | None | $250 | USD, EUR, GBP |
| Apple Pay, Google Pay | Instant | Returned to the card | None | $250 | USD, EUR, GBP |
| SEPA, Faster Payments | Same business day | 1 business day | None | $250 | EUR, GBP |
| International wire | 1–3 business days | 2–5 business days | Correspondent bank fees may apply | $500 | USD, EUR, GBP |
| Crypto (BTC, ETH, USDT) | After 2 confirmations | Within 24 hours | Network fee | $250 | Converted at mid‐market |
Withdrawals go back to the funding source first, to the extent of the amount deposited, as anti‐money‐laundering rules require. Deposits in a currency other than your account currency are converted at the mid‐market rate with no markup.
The complete list
- Inactivity, after 12 months without a trade
- $10 per month, never below zero
- Guaranteed stop premium
- Shown on ticket, charged only if triggered
- Swap‐free administration fee, from day 8
- Per instrument, per night, see schedule
- Currency conversion on P&L
- 0.3% of the converted amount
- Market data, statements, account closure
- None
- Robots: Scout, Apex, Quantum
- None
Buy 0.10 lot EUR/USD on an Apex account, hold two nights
Notional €10,000. Entry 1.0842, exit 1.0872. Rates and spreads as of the schedule date; your ticket shows live figures.
- Spread cost, 0.6 pip × $1 per pip
- $0.60
- Commission
- $0.00
- Financing, 2 nights at −$0.62
- $1.24
- Gross result, 30 pips × $1
- $30.00
- Net result
- $28.16