Pricing
Everything you may pay when you trade: spreads, swaps and any commissions — always visible before you confirm an order.
The three cost items
Spread
The difference between the buy (ask) and sell (bid) price. You pay it when you open a position and it is already built into the price.
Swap
The financing cost — or credit — for leveraged positions held open past the daily close.
Commissions
Some instruments may carry a commission per lot. If so, you find it in the specifications before you trade.
Indicative spreads
| Instrument | Typical spread | Swap long / short | Commission |
|---|---|---|---|
| EUR/USD | to be confirmed | to be confirmed | to be confirmed |
| GBP/USD | to be confirmed | to be confirmed | to be confirmed |
| Gold | to be confirmed | to be confirmed | to be confirmed |
| WTI crude oil | to be confirmed | to be confirmed | to be confirmed |
| Germany 40 | to be confirmed | to be confirmed | to be confirmed |
| US Tech 100 | to be confirmed | to be confirmed | to be confirmed |
| Apple | to be confirmed | to be confirmed | to be confirmed |
| Bitcoin | to be confirmed | to be confirmed | to be confirmed |
Indicative values. Spreads are variable: they widen when liquidity is low or volatility is high. Up-to-date values are always in MetaTrader 4.
How swaps work
Swaps apply to positions still open at the daily rollover time (to be confirmed). They depend on the interest-rate differential between the two currencies — or on the financing cost of the underlying — and can be negative or positive.
In forex a triple swap is usually charged on Wednesday to cover the weekend. Each instrument's values are in the contract specifications in MetaTrader 4.
An example (for illustration only)
You buy 1 lot of EUR/USD, i.e. 100,000 euros. Each pip of movement is worth about 10 dollars: with a 1-pip spread, the entry cost is about 10 dollars. If you hold the position for three nights, three daily swaps are added (or a triple one, if a Wednesday is involved).
Other costs
- Account opening
- to be confirmed
- Deposits
- to be confirmed
- Withdrawals
- to be confirmed
- Currency conversion
- to be confirmed
- Account inactivity
- to be confirmed
- MetaTrader 4 platform
- no fee
Questions
about costs
Are spreads fixed or variable?
Variable: they follow market liquidity. Typical values: to be confirmed.
Where do I see costs before opening a position?
The spread is visible in the order window; swaps and commissions are in the instrument specifications (Market Watch → right-click → Specification).
When is the swap charged?
At the daily rollover time, only on positions still open.