You can open positions without paying any additional charges for order execution.
How we handle costs
Markup on market spread: Instead of charging separate commissions for each order, we include our fees in the market spread. We apply a small markup to the market spread, which tends toward 0.3%* of the instrument’s value. This markup is automatically included in the price you see when you trade.
Market spread is the difference between the buying price (Ask) and the selling price (Bid) of an asset. Markup is the amount by which the Bid/Ask (Sell/Buy) prices are adjusted for clients.
*The applied markup may exceed 0.3%, in particular due to possible rounding during the calculation process. Please refer to the financial instrument contract specifications for exact details on the applied markups.
How to calculate markup when it’s exactly 0.3%
Markup = last price * 0.3%
If the result is an odd number, it is rounded up for subsequent division by 2. For example, if the last price of the stock is $164.94:
Markup = 164.94 * 0.3% = 0.49 = 0.50 = 50 pips
Calculating Sell markup and Buy markup
Sell markup = Bid market - markup/2
Buy markup = Ask market + markup/2
Example with Apple stock
Conditions:
Last price is $226.85
Bid market is $226.80
Ask market is $226.85
Calculations:
Markup = 226.85 * 0.3% = 0.68 = 68 pips
Bid price (for Sell orders with applied markup) = 226.80 - 0.68/2 = 226.46
Ask price (for Buy orders with applied markup) = 226.85 + 0.68/2 = 227.19
