This document outlines all relevant fees for XQ Trade. Make sure that you familiarize yourself with all costs and associated charges for each financial instrument offered by the Company, since these may affect the overall cost of a financial instrument as well as the cumulative effect on return of your investment. Also, make sure that you read the Further Information section at the end of this document, which sets out further information on the applicable fees.

Any examples in the tables are for illustration purposes only.

CFDs (Forex, ETFs, Stocks, Commodities, Indices and cryptocurrencies)

Nature

Type

Description

One-off costs

Spread

The difference between the bid (sell) price and the ask (buy) price. The difference is presented in pips and reflects the cost of opening a position. Spread is dependent on many different factors, including, but not limited to, the underlying liquidity and volatility, time of day and notional trade size. For example, if the underlying asset/ EUR/USD is trading at 1.2029, our ask (buy) price might be 1.2030 and the bid (sell) price might be 1.2028. The spread in this example is (ask-sell price) = 2 pips

One-off costs

Mark-up

Mark-down

The Company may also apply markup or markdown upon the prices received from its price feed providers in accordance with its capacity as a market maker. The adjustment of spread and/or markups and markdowns depends on several factors such as the market conditions, volatility of the market and liquidity of the assets. 

Ongoing costs

Swap fee

The Company reserves the right to charge the Client a swap fee of 0.01% – 0.5% and in extreme circumstances up to 1.7% of the face value of the position for keeping a position open overnight. The swap fee from Friday to Saturday will be 3 (‘’three’’) times higher than the normal swap fee. The swap fee can be subject to changes in the future.

 

Slippage

Slippage may occur when trading in CFDs. Slippage is the difference between the expected price of an Order, and the price the Order is actually executed at. In some situations, at the time an Order is presented for execution, the specific price shown to the Client may not be available; therefore, the Order will be executed close to or a number of pips away from the Client’s requested Price. Slippage can occur at times of low liquidity or high volatility (e.g. after economic events or news announcements) and is a normal element of trading in CFDs. Lastly, slippage might be positive or negative. 

Other costs

Dormant account fees

In the absence of any account activity for a period of at least ninety (90) consecutive days, an amount of $10 (Dollar ten or the equivalent amount in another currency on the day of deduction of the fee) every month in order to maintain the account, on the condition that the Client account has the available funds.

Digital Options, Blitz Options and Binary Options on Forex, stocks, commodities and indices;

Nature

Type

Description

One-off costs

Premium

The premium charged to purchase options is displayed inside the trading interface and represents the fee to pay to buy an option. Such premium contains bid and ask price thus, it also includes spread and possible mark-up. 

Ongoing costs

—

—

All other costs related to the transacti ons

Slippage

Slippage may occur when trading in CFDs. Slippage is the difference between the expected price of an Order, and the price the Order is actually executed at. In some situations, at the time an Order is presented for execution, the specific price shown to the Client may not be available; therefore, the Order will be executed close to or a number of pips away from the Client’s requested Price. Slippage can occur at times of low liquidity or high volatility (e.g. after economic events or news announcements) and is a normal element of trading in CFDs. Lastly, slippage might be positive or negative. 

Other costs

Dormant account fees

In the absence of any account activity for a period of at least ninety (90) consecutive days, an amount of $10 (Dollar ten or the equivalent amount in another currency on the day of deduction of the fee) every month in order to maintain the account, on the condition that the Client account has the available funds.

Further information on fees:

1. Deposit and withdrawal Fees

   1. The company reserves the right to apply a currency conversion fee of 1% for each transaction (i.e. deposits and withdrawals) when converting from or to your trading account currency and the processing currency of the payment.

Upon the discretion of the Company, withdrawal fees shall be applicable in either of the following ways:

a. The clients will be subject to a fixed 2% (two percent) withdrawal fee for withdrawals in the currencies presented in the table below. This withdrawal fee will be imposed upon the clients' second (2nd) withdrawal per calendar month. Consequently, Clients can benefit from 1 commission-free withdrawal per calendar month.

 

Currency

Minimum fee

Maximum fee

PHP Philippine peso

50

1,500

RUB Russia Ruble

50

1,500

GBP Pound sterling

1

25

ZAR South African rand

15

450

THB Thai baht

30

1,000

TRY Turkish lira

5

150

EUR Euro

1

30

BRL Brazilian Real

5

125

IDR Indonesian Rupiah

15,000

450,000

MYR Malaysian Ringgit

5

125

VND Vietnamese Dong

25,000

750,000

USD United States Dollar

1

30

CNY Chinese Yuan

7

200

INR Indian rupee

74

2207

COP Colombian peso

3600

106600

AED UAE Dirham

3.67

110

SAR Saudi Riyal

3.75

112.52

EGP Egyptian Pound

30

900

  CRC Costa Rican Colon

  550

  16500

  DOP Dominican Peso

  60

    1700

  HKD Hong Kong Dollar

  8

240

  KRW Won

  1300

39000

  MAD Moroccan Dirham

  11

310

  NGN Naira

  460

14000

  QAR Qatari Rial

  4

110

  TWD New Taiwan Dollar

  30

910

MXN Mexican Peso

21

620

SGD Singapore Dollar

1.50

43

PEN Sol

4

114

CLP Chilean Peso

1000

30000

b. In the event that the Client makes any deposits with the Company and proceeds to withdraw all or more than 80% of the total amount deposited without proceeding to any placement of a trade (Behavior), then the Company shall have the right, but not the obligation, to withhold, during a withdrawal request, an amount equivalent to the fees incurred by the Company in connection with such deposit and withdrawal. Such fees relate to the fees applicable by any payment service providers and/or any other third parties against the Company in relation to the execution of such deposit/withdrawal transactions. The Company may reasonably assume in the event of such Behavior that the Client contracted with the Company with an intention to defraud the Company.

1. Dormant Account Fees

An account that has no trading and/or financial activity performed (i.e. deposit, and/or new trading operation and/or trading operation that has remained open) for a period of 90 days shall be considered to be dormant and/or inactive. Furthermore, logging in and out of the trading account is not considered to be account activity.

The administration fee shall be deducted from the Client’s account on the 90th calendar day of inactivity when the account is considered dormant. Further to this, each month the Company will consider the activity over the past 90 days in determining if the administrative fee will be charged again.

The Company strives to ensure and keep correspondence with each respective Client and will inform the Client by email that their account will be treated as a Dormant Account.

If the Client account does not have the necessary funds for the administration fee, the Company reserves the right to charge a lower amount to cover administrative expenses and close the account completely.

All the amounts of the fees and other expenses are stated without any taxes and charges that may be imposed on the mentioned fees either from the side of the Client or the Company.

1. Underage account closure fee

The Company shall be entitled to charge the client an administrative fee of 20 USD (“twenty dollars”) for the closure of their account, where it has been identified that the client has not reached the age of maturity in the country, which the client is a citizen of or resides in.

The aforementioned fee shall be deducted from the client’s account on the 8th day following the termination of the Agreement and client’s failure to withdraw the remaining balance within the timeframe granted to him/her.

In case the remaining balance is less than 20 USD (“twenty dollars”), the Company shall reserve the right to charge up to 20 USD (“twenty dollars”) from the client’s account.