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 / 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 / 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.

Upcoming changes on CFDs trading conditions

On 1 June 2022, the following changes in the trading conditions of CFDs will be introduced:

Borrowing cost for short positions in Single Stock CFDs

All overnight short positions in single stock CFDs will be subject to a minimum of 0.50% p.a. on the borrowing cost.

Generally, all short positions in single stocks CFDs held overnight are subject to the cost of borrowing the underlying shares in the market. The fee varies according to the instrument, market conditions and the availability of shares to be borrowed. Instruments that are in high demand for short selling on the broader market can experience an increase in the cost of borrowing the underlying shares.

The estimated borrowing cost on a Single Stock CFD can be found in the platform under the Trading Conditions, as well as in the Trade Ticket.

Changes to the financing rates on CFDs

The financing rates on CFDs for overnight positions will change from a fixed level across all currencies to a floating interest rate. The financing rate will therefore be composed of 2 elements:

- Bid/Offer financing rate +/- mark-up/markdown.

The Bid/Offer financing rate refers to the financing price in individual currencies. Our broker uses publicly available and internationally recognised Alternative Reference Rates (ARR) as the basis for constructing the financing rates. For currencies without a designated ARR, a money market rate, monetary policy rate or other relevant financial benchmark will apply as an input. The Bid/Offer Financing Rates have a floor of 0% and cannot therefore, be negative. The interest will continue to be calculated daily and charged monthly at the end of each calendar month.

Minimum spreads for 3 Index CFD instruments

Due to the tick size changes in the underlying instruments on the futures exchange and increase in index values, we are adjusting the spreads for the three Index CFDs:

Germany 40: additional 0.25 points to the current minimum spread
Germany Mid-Cap 50: additional 18 points to the current minimum spread
Denmark 25: additional 1.25 points to the current minimum spread

CFDs Index**	Private	Capital	PRO / 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.

**Fractional amounts as low as 0.01 are available. In this case, the spread will be the defined by the dividing the standard spread by the fractional amount.

Free trial: Trade with simulated 100,000 USD.

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CFDs Single Stock and ETF	Private	Capital	PRO / 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.

Stocks and ETFs	Private	Capital	PRO / 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.

Stock options	Private	Capital	PRO or VIP
EUR	6	4.5	Tailor made price – example as low as 1.5 for US and EU*
USD	6	4.5
GBP	5	3.75
CHF	8	6

Price per traded lot.

Futures - Options	Private	Capital	PRO / 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 / 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	CHF 0

Transaction Fees	Price
Account Opening to individuals	CHF 0
Account Closing	CHF 250
Outgoing payments	CHF 40
Cash conversion fees	CHF 0.50%
Interests on negative cash values	Relevant market-rate +7%
Security transfer inter-account	CHF 10 per single position
My Cornèr App & Financial research	CHF 0
Security transfer in	CHF 0
Security transfer out	CHF 30 per single position, min. CHF 50
Printed account statement, including auditing reports	CHF 50

Further Information

Currency conversions time and fees in the platform

INFORMATION AND ADDITIONAL COSTS FOR EQUITIES AND CASH TRANSFERS

Additional costs equities and cash transfers	Price
The incoming stock transfers are free of charge. However, under certain conditions fees might apply:
USD DRS stock transfer (incoming/outgoing)	USD 1’000
CAD DRS stock transfer (incoming/outgoing)	CAD 1’000
Price correction	USD 10 per line
Realignment of security	EUR 200 per ISIN
Cash transfers by Cornèrtrader have as well no costs. In case of transfers in foreign currencies, such as USD, fees from correspondence banks might apply. In case of withdrawal requests for the total amount of funds (without the intention of an account closure), a minimum of 250CHF 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.

Interests on negative cash values

Inter-account position move

MYCORNÈR APP & FINANCIAL RESEARCH

ONLINE ACCOUNT STATEMENTS

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.
If you keep a CFD position on single stocks and/or stock indices overnight, that is after the end of a trading day (23:00 CET), financing costs are charged. The calculation is daily but charged on a monthly basis. The CFDs Financing costs are calculated: 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.

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: 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. 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.

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:

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.
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)*.

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 26.00
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 platforms.
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.
Exchanges require subscribers to renew their information bi-annually. Before the expiry date, you will be notified via the platform regarding the renewal of a subscription.
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.

Tailormade Commissions

Upcoming changes on CFDs trading conditions

Become a client

Further Information

Currency conversions time and fees in the platform

INFORMATION AND ADDITIONAL COSTS FOR EQUITIES AND CASH TRANSFERS

Interests on negative cash values

Inter-account position move

MYCORNÈR APP & FINANCIAL RESEARCH

ONLINE ACCOUNT STATEMENTS

© COPYRIGHT CORNÈR BANK (OVERSEAS) LIMITED 2022

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Accounts

Insight & Support

Tools

The Cornèr Way

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Tailormade Commissions

Upcoming changes on CFDs trading conditions

Become a client

Further Information

Currency conversions time and fees in the platform

INFORMATION AND ADDITIONAL COSTS FOR EQUITIES AND CASH TRANSFERS

Interests on negative cash values

Inter-account position move

MYCORNÈR APP & FINANCIAL RESEARCH

ONLINE ACCOUNT STATEMENTS

© COPYRIGHT CORNÈR BANK (OVERSEAS) LIMITED 2022

Products & Prices

Accounts

Insight & Support

Tools

The Cornèr Way

Institutional