The volume commission is charged in the primary currency for every executed trade. Volume commission rate is expressed in USD per 1 million USD traded.

The volume commission is converted to the Client Account’s Basic Currency.

For Clients trading by themselves (Self Traders) the volume commission rate depends on Net Deposit, Equity and Traded Volume as explained below (commissions come into effect 01-Jul-2012 at the settlement time):

Net Deposit (in USD equivalent)	Volume Commission in USD per 1 million USD
	Deposit with Dukascopy Bank		Deposit with Custodian Bank or Bank Guarantee
	Currencies	Precious metals	Currencies	Precious metals
< 5 000	35	52.5	N/A	N/A
≥ 5 000	33	49.5	N/A	N/A
≥ 10 000	30	45	N/A	N/A
≥ 25 000	25	37.5	N/A	N/A
≥ 50 000	18	27	18	27
≥ 250 000	16	24	18	27
≥ 500 000	15	22.5	18	27
≥ 1 000 000	14	21	18	27
≥ 5 000 000	12	18	18	27
≥ 10 000 000	10	15	18	27

Net Deposit - is the sum of all deposits less the sum of all withdrawals in USD equivalent.

 

Equity (in USD equivalent)	Volume Commission in USD per 1 million USD
	Deposit with Dukascopy Bank		Deposit with Custodian Bank or Bank Guarantee
	Currencies	Precious metals	Currencies	Precious metals
< 5 000	35	52.5	N/A	N/A
≥ 5 000	33	49.5	N/A	N/A
≥ 10 000	30	45	N/A	N/A
≥ 25 000	25	37.5	N/A	N/A
≥ 50 000	18	27	18	27
≥ 250 000	16	24	18	27
≥ 500 000	15	22.5	18	27
≥ 1 000 000	14	21	18	27
≥ 5 000 000	12	18	18	27
≥ 10 000 000	10	15	18	27

Equity - estimation of the account of the Client in USD equivalent at settlement time.

 

Traded Volume (in USD equivalent)	Volume Commission in USD per 1 million USD
	Deposit with Dukascopy Bank		Deposit with Custodian Bank  or Bank Guarantee
	Currencies	Precious metals	Currencies	Precious metals
< 5  million	35	52.5	35	52.5
≥ 5 million	33	49.5	33	49.50
≥ 10  million	30	45	30	45
≥ 25  million	25	37.5	25	37.5
≥ 50  million	18	27	18	27
≥ 250  million	16	24	16	24
≥ 500  million	15	22.5	15	22.5
≥ 1 billion	14	21	14	21
≥ 2 billion	12	18	12	18
≥ 4 billion	10	15	10	15

Traded volume is volume of executed trades over the last 30 days in USD equivalent.

In case Net Deposit, Equity and Traded Volume lead to different commission rates, Dukascopy Bank applies the lowest (as illustrated in the examples below).

For Self Traders with several margin accounts with Dukascopy Bank, Net Deposits, Equities and Traded Volumes are cumulated to define a unique volume commission rate applied to all margin accounts.

The volume commission is determined on a daily basis at every settlement time. The defined rate will be applied on the following trading day.

For Clients appointing an external manager/attorney, the volume commission rate may amount to a maximum of USD 100 per USD 1 million traded.

All volume commissions are converted to the Client Account's Basic Currency at the moment when the trade is executed, at the rate which is defined as average rate of the last 10 seconds candle.

In addition to the standard volume commission an extra fee USD 5 per 1 million USD for currencies and USD 7.5 per 1 million USD for precious metals is applicable to swap-free-accounts.

To learn more about Dukascopy Bank ECN Accounts, please write us: info@dukascopy.com,
call us: +41 (0) 22 799 4888 or alternatively ask for a call-back.

Examples of volume commission calculation depending on Net Deposit, Equity and Traded Volume:

Example 1:

Client Account’s Basic Currency:	USD
Net Deposit in USD equivalent at settlement	USD 50 000
Equity in USD Equivalent at settlement:	USD 48 900
Traded Volume for last 30 days:	USD 10 million
Volume Commission Rate according to Net Deposit:	USD 18
Volume Commission Rate according to Equity:	USD 25
Volume Commission Rate according to Traded Volume:	USD 30
Applicable Commission Rate:	USD 18

Trade made on the next trading date: BUY USD/CHF 2 000 000
Volume Commission: USD 2 x 18 = USD 36

Example 2:

Client Account’s Basic Currency:	CHF
Net Deposit in USD Equivalent at settlement	USD 5 000
Equity in USD equivalent at settlement:	USD 18 700
Traded Volume for last 30 days:	USD 5 million
Volume Commission according to Net Deposit:	USD 33
Volume Commission according to Equity:	USD 30
Volume Commission Rate according to Traded Volume:	USD 33
Applicable Commission Rate:	USD 30

Trade made on the next trading date: BUY EUR/USD 100 000
EUR/CHF conversion rate at settlement 1.4750
Volume Commission: EUR 0.1 x 1.4750 x 30 = CHF 4.43

Example 3:

Client Account’s Basic Currency:	USD
Net Deposit in USD Equivalent at settlement	USD 5 000
Equity in USD equivalent at settlement:	USD 14 200
Traded Volume for last 30 days:	USD 84 million
Volume Commission Rate according to Net Deposit:	USD 33
Volume Commission Rate according to Equity:	USD 30
Volume Commission Rate according to Traded Volume:	USD 18
Applicable Commission Rate:	USD 18

Trade made on the next trading date: BUY USD/CAD 1 000 000
Volume Commission: USD 1 x 18 = USD 18

Fees	20 free SMS per month then EUR 0.07 per SMS

SMS (Short Message Service) notification fees are charged in EUR for every message sent to the client in accordance with their subscriptions. Fees are converted to the base currency of the client account and are charged at the settlement time.

Dukascopy Bank SA offers 20 free SMS per month to every client. Every message exceeding this number will incur a charge of EUR 0.07. Charged commissions appear daily in a separate entry on the Portfolio statement of the client.

This pricing applies to every SMS sent to the phone operator of the client.

Incoming Transfers	Free of charge
Transfers within Dukascopy Bank SA	Free of charge
Transfers within Dukascopy Group	Free of charge
Outgoing Transfers*	CHF 20 EUR 15 / GBP 15 / JPY 2000 USD 20 / AUD 20 / CAD 20 SGD 25 / PLN 65 / HKD 180

* Commissions of third banks might be added.

Transfers in currencies different than the currency of the account are subject to the additional commission specified in the table of Currency Exchange section.

Opening	Free of charge
Closing*	Free of charge
Maintenance**	CHF 0 to CHF 200 annually per client

* Dukascopy Bank SA may close, without further notice, any Trading Account left unfunded for more than 360 days or with insufficient balance to pay the accrued fees.

** During the first 360 days after opening, Trading Accounts are free of Maintenance Fees. After this period, Trading Accounts remain free of charge for clients having had at least one open position on the SWFX - Swiss FX Marketplace or one online currency conversion during the last 90 days. Otherwise, Dukascopy Bank SA charges CHF 50 as Maintenance Fees every 90 days, as long as there is no trade/open position/online currency conversion. Maintenance Fees are capped at CHF 200 per year and per client, regardless the number of Trading and Savings sub-accounts of each client, save exceptions subject to specific agreement. 

Opening	Free of charge
Closure *	Free of charge
Maintenance **	0 to 0.2% annually per client

* Dukascopy Bank SA may close, without further notice, any Current Account left unfunded for more than 360 days or with insufficient balance to pay the accrued fees.

** Starting from opening, Current Accounts are free of charge for clients having had at least one open position on the SWFX - Swiss FX Marketplace or one online currency conversion during the last 90 days. Otherwise, Dukascopy Bank SA may charge Maintenance Fees up to 0.2% per year of average balance but at least CHF 50 every 90 days, as long as there is no trade/open position/online currency conversion. Maintenance Fees are capped at CHF 200 per year and per client, regardless the number of Trading and Current sub-accounts of each client, save exceptions subject to specific agreement. 

On-line Money Exchange, deposits, withdrawals, internal and external transfers, all kind of fees (except trading commissions), compensations and adjustments, which require currency conversions are executed at Dukascopy Bank SA's spot rate plus commission in the table below.

Amount to be converted (in base currency of the currency pair)	Commission
< 10'000	1.00%
≥ 10'000	0.75%
≥ 50'000	0.50%
≥ 100'000	0.20%
≥ 500'000	0.10%
≥ 1'000'000	0.05%

Fees	1.25% per year*

* Fees charged upfront at the moment the Bank Guarantee is issued and at the beginning of each following year.

Bank Guarantees may be issued only in relation with a Savings Account.

Fees	on request depending on Card Type

Credit Cards may be issued only in relation with a Savings Account and requires that a Bank Guarantee be issued by Dukascopy Bank SA in favor of the credit card issuer. The Bank Guarantee Fees apply additionally.

Fees

CHF 150

Account Maintenance Fees apply plus any costs incurred by necessary researches to reestablish contact, minimum CHF 500 but not more than the account balance.

CHF 200 are charged each year to clients residing in Austria or UK opting for the Withholding Method.