Commissions
Introduction to 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..
| FX | Private | Capital | Pro Trader |
|---|---|---|---|
|
EURUSD
|
3.8
|
2.8
|
from 0.2
|
|
USDCHF
|
4.8
|
3.8
|
from 0.2
|
|
GBPUSD
|
4.8
|
3.8
|
from 0.4
|
|
USDJPY
|
0.038
|
0.028
|
from 0.2
|
| FX Options | Private | Capital | Pro Trader |
|---|---|---|---|
|
EURUSD
|
12
|
10
|
7
|
|
USDCHF
|
12
|
10
|
7
|
|
GBPUSD
|
17
|
14
|
8
|
|
USDJPY
|
9
|
7.5
|
6
|
|
AUDUSD
|
11
|
9
|
6
|
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| CFDs INDEX | Private | Capital | Pro Trader |
|---|---|---|---|
|
DAX
|
3
|
2.5
|
1.5
|
|
SMI
|
4.5
|
3.75
|
2
|
|
STOXX 50
|
3
|
2.5
|
2
|
|
SP500
|
1.5
|
1.25
|
0.5
|
|
DOW JONES
|
6
|
5
|
3
|
| CFDs Stock | Private | Capital | Pro Trader |
|---|---|---|---|
|
NYSE
|
4 cents per share
|
3 cents per share
|
1.5 cents per share
|
|
SIX
|
0.20%
|
0.15%
|
0.05%
|
|
XETRA
|
0.25%
|
0.20%
|
0.05%
|
|
LSE
|
0.25%
|
0.20%
|
0.05%
|
| Stock Trading | Private | Capital | Pro Trader |
|---|---|---|---|
|
NYSE
|
4 cents per share
|
2 cents per share
|
1.5 cents per share
|
|
SIX
|
0.20%
|
0.12%
|
0.07%
|
|
XETRA
|
0.25%
|
0.12%
|
0.07%
|
|
LSE
|
0.25%
|
0.20%
|
0.07%
|
| Futures - Options | Private | Capital | Pro Trader |
|---|---|---|---|
|
EUR
|
10
|
6
|
1.5
|
|
USD
|
10
|
6
|
1.5
|
|
GBP
|
10
|
5
|
1.25
|
|
CHF
|
12
|
8
|
2
|
|
FFAs
|
64
|
59
|
-
|
| Statements | Price |
|---|---|
| Online Account Statements | USD 0 |
| Transaction Fees | Price |
|---|---|
| Account Opening to individuals | USD 0 |
| Account Closing | USD 25 |
| Interests on negative Net Free Equity | Relevant market-rate +7% |
| Inactivity Fee | USD 0 |
| Cash Conversion Fees | 0.50% |
Further Information
Interests on negative cash values
| 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. |
|
| 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. |
||
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.