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Tailormade Commissions

Below is a summary of the fees for private traders on the most traded instruments within the Cornèrtrader platform. Our fee structure is based on the service level denoted by your account type. You can review our account and service offerings here.

To review the commissions for every single product and/or market offered on the Cornèrtrader platform, download our complete commissions list.

Commissions (PDF)

 

FX Private Capital Pro or VIP
 EURUSD  3.8  2.8 Tailor made price –
ex. as low as
0.18 for Eurusd *
 USDCHF  4.8  3.8
 GBPUSD  4.8  3.8
 USDJPY  0.038  0.028

Spread in pips.

*The spread can vary according to the cross, if all-inclusive or fee-based and to the volumes.

 

FX Options Private Capital Pro or VIP
 EURUSD  12  10 Tailor made price –
As an example: as low as 6 on EURUSD 30 days
at-the-money spread*
 USDCHF  12  10
 GBPUSD  17 14
 USDJPY  9  7.5
AUDUSD  11  9

Spread in pips.

 

CFDs Index Private Capital Pro or VIP
 DAX  3  2.5 Tailor made price–
As an example: as low as 1.5 on DAX
and 0.5 on SP500*
 SMI  4.5  3.75
 STOXX 50  3  2.5
 SP 500  1.5  1.25
DOW JONES  6  5

Percent of traded amount.

 

CFDs Single Stock and ETF Private Capital Pro or VIP
 NYSE  4 cents per share  3 cents per share Tailor made price
– example as low as 0.015/cent
for US and 0.05% EU*
 SIX  0.20%  0.15%
 XETRA  0.25%  0.20%
 LSE  0.25%  0.20%

Percent of traded amount.

 

Stock Trading Private Capital Pro or VIP
 NYSE  4 cents per share  2 cents per share Tailor made price
– example as low as 0.015/cent
for US and 0.07% EU*
 SIX  0.20%  0.12%
 XETRA  0.25%  0.12%
 LSE  0.25%  0.20%

Percent of traded amount.

 

Futures - Options Private Capital Pro or VIP
 EUR 10 6 Tailor made price –
example as low as 1.5 for US and EU*
 USD 10 6
 GBP 10 5
 CHF 12 8
 FFAs 64 59

Price per traded lot.

 

Bonds Private Capital PRO or VIP
 All 0.30% 0.25% Tailor made price -
as low as 0.10% commissions;
0.10% custody fee/year*
 Custody fee 0.15%/year 0.12%/year

* In the examples, the prices shown are the most aggressive and take in consideration high volumes and high frequency of trading. These can be only offered to clients matching the criteria. When defining the pricing in the PRO or VIP segment, Cornèrtrader takes into consideration several aspects including the trading needs of the client, Exchange, products, frequency and/or volumes traded in order to define the best spreads and commissions Cornèrtrader can offer for a specific profile.

Statements
Price
Online Account Statements
USD 0

 

Transaction Fees Price
Account Opening to individuals USD 0
Account Closing USD 25
Interests on negative cash values Relevant market-rate +7%
Inactivity Fee USD 0
Cash Conversion Fees 0.50%

 

Further Information

CFDs Financing costs  
CFD Financing LIBOR +3pp / -2.5pp
CFD Financing Johannesburg LIBOR +4.5pp / -3pp
CFDs might be subject to different financing and/or borrowing costs.

CFD Finance = (Open Position Amount x Price x (Interest Rate + (Mark-up or Markdown))) / 100 x Number of days / 360 or 365.

The CFDs financing costs do not apply for positions opened and closed before the end of the trading day (on condition that the exchange on which the underlying is traded is opened) and on expiring of CFDs (commodity and Forex CFDs, and some stock index CFDs)

Details on the mark-up applied to your CFDs positions is visible in the trading conditions of each CFDs product, while the historical CFD financing costs can be accessed under "Historic Reports >  CFD Finance Details" in the platforms.

 

CFDs borrowing costs  

A borrowing cost may apply on short Single Stock CFD positions held overnight. The borrowing cost is dependent on the liquidity of the underlying Stocks. For high liquidity stocks, it can be zero (0). The sections "Details" of the trade ticket shows the estimated borrowing cost per day.

The borrowing rate is fixed when the position is opened and will be charged on a monthly basis. However, due to the execution of certain corporate action events, the borrowing rate on the short position can be reset to the current rate in the market.

If the position is opened and closed within the same trading day, you are not subject to borrowing costs.

 

Rollover on Forex Spot  

Forex Spot positions held at the end of a trading day are rolled forward to the next available business day. For most of FX Spot the rollover takes place at 17:00 EST (New York - standard market convention to define the end of trading day). However, there are some exceptions, for ex. NZD rolls forward at 07.00 New Zealand Daylight Time.

The rollover is made up of two components.

  1. Tom/Next swap points (Forward Price): calculated using market swap prices from Tier-1 banks, plus/minus a mark-up +/- 0.45% of the Tom/Next interest swap rates.
  2. Financing of unrealised profit/loss (Financing Interest): unrealised profit/loss on positions that are rolled from one day to the next are subject to a credit or debit interest. The unrealised profit/loss is calculated as the difference between the opening price of a position, possibly corrected for previous Tom/Next rollovers, and the spot price at the time that the rollover is performed. The calculated rate is based on the daily market overnight interest rates plus/minus a mark-up +/- 2.00%.

The final rates of the Tom/Next and the Financing Interests are used to adjust the opening price of the position:

New Rate = Open price + Forward Price + Financing Interest

You can view the rollover history on your FX positions under the "Account > Historic reports > Forex Rollovers report".

Rollovers do not apply to intraday FX positions.

 

Carrying Cost on Futures and short listed options  

The carrying costs apply on positions kept overnight on:

  • Futures and CFDs Futures
  • Short Listed Options


Carrying Cost = Margin requirement * days held* (Relevant Interbank rate + Markup 1.5%) / (365 or 360 days).

 

Holding fees on long listed options  

The holding fees are applied after 30 days of holding positions on:

  • Long listed options (all maturities, both stocks and contracts).

The fee is determined on a daily basis and charged at the end-of-month according to the following scheme:

Long Contract options daily holding fees per million (Nominal Value)

Category

Interest rates

Foreign-exchange rates and Gold

Equities

Precious metals, except gold

Commodities, except precious metals

<30 Days Holding the Position

n.a.

n.a.

n.a.

n.a.

n.a.

>30 Days Holding the Position

0.10

0.70

1.10

1.00

1.60

Holding Fee per day = Nominal Value / 1,000,000 * Underlying Category Fee

Options CFDs are also subject to holding fees but calculated on a daily basis.

Details on the carrying costs and holding fees applied can be seen in the trading conditions of the products on the platforms, while the historical rates applied to your positions, can be found under Historical Reports > Holding Fee Details / Carrying Cost Details.

 

Market Data Fees  Non-Professional* Professional*
Pan European (Bats) Free GBP 55.00
SIX Swiss Exchange CHF 6.00 CHF 16.50
XETRA Deutsche Börse EUR 15.00 EUR 59.40
NYSE New York Stock Exchange USD 1.00 USD 23.00
Hong Kong Stock Exchange HKD 120 HKD 120
EUREX Futures Exchanges USD 8.00 USD 38.48
The full list of market data fees is available in the live platform.
By default, the quotes on all listed products (incl. CFDs on single stocks) are 15 minutes delay without live market data subscriptions
The fees are monthly charged.
Certain exchanges may require the subscriber to renew the information on a regular basis. As in the case of  NYSE and NASDAQ, where  subscription needs to be renewed every six months. If it is not updated according to the deadline that is usually notified via the platform, the subscription will expire and therefore the market data feeds for that particular exchange closed.

 

Professional or Non-Professional*
 
In order to obtain Live Market Data Fees on listed products, independently of whether a cost is applied or not, each user must subscribe to the Exchanges of interest and go through the assessment profile to define the type of categorization (if Professional or non-Professional). The final result will determine the type of fee that will be applied. Subscriptions must be done personally by each user. The finality is not to assess the account type but the person accessing and using the market data.
The Exchanges have strict criteria to classify professional and non-professional investors, and these are not necessarily linked to the actual use of the account. These include, among them, the type of profession, company by which the subscriber is employed or the role on the account. They can lead to a professional classification of the subscriber, despite the fact that the account is not used professionally. Vendors and banks must diligently apply these rules and monitor that the classification of each user is compliant with the provisions of the exchanges.
For this reason, if the self-classification given by a subscriber is not reflecting the definition given by the exchange or personal data are missing (such as name, surname, profession), Cornèrtrader has the right at any point in time to amend the data, cancel the original subscription and/or adjust it to the correct segmentation, without prior notice. In this case, the monthly fee will be charged according to the correct segment.
Generally, non-Professionals are intended to be only private individuals using the data for personal investments. However, for most of the Exchanges worldwide (included Swiss, Europeans and Americans) private individuals, who are working in the financial sector, employed by a financial institution, independently of the job performed, or whose activity can be qualified as financial advisory (this can be typically the case of independent financial advisors) are categorized as professionals.
Corporates are categorized as Professional, regardless of the type and purpose of the subscription.
Before subscribing, please refer to the rules of each Exchange available in the subscription tool on the platforms and read the criteria applied to them.. In this process Cornèrtrader cannot influence in any way the segmentation rules as defined by the exchanges and must apply these very strictly.

 

Forex Spreads may become wider when liquidity drops in the given currency cross or when large positions are traded.

Slippage may occur in instances with extraordinary volatile markets.

The specified margin collateral must be available at all times. In case of exceeding the limits all positions may be closed. Attempts to reach the client will be made if possible.

The bank might change its commissions and fees without providing prior notice to clients.

The commissions and fees are VAT excluded. For clients with residency in the Bahamas, an additional 12% for the local VAT will be added.

In case of transfer / outgoing payment requests for the total amount of funds (without the intention of an account closure), a minimum of 250 USD will be blocked to keep the account opened and the login access to the platform as active. Accordingly to the instruments traded and/or the subscriptions activated by the client, a higher amount can be requested.

Prior to the closure of the account, it is recommended to print all the financial statements and relevant account statements from the platform. Requests coming after the closure might require a longer time to be executed and can be subject to an extra fee.