The volume commission is charged in the primary currency for each opening or closing 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 | Deposit with Bank Guarantee | |||
| Currencies | Precious metals, CFD | 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 | N/A | N/A |
| ≥ 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 | Deposit with Bank Guarantee | |||
| Currencies | Precious metals, CFD | 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 | N/A | N/A |
| ≥ 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 | Deposit with Bank Guarantee | |||
| Currencies | Precious metals, CFD | Currencies | Precious metals | |
| < 5 million | 35 | 52.5 | 35 | 52.5 |
| ≥ 5 million | 33 | 49.5 | 33 | 49.5 |
| ≥ 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 Europe applies the lowest (as illustrated in the examples below).
For Self Traders with several margin accounts with Dukascopy Europe, 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.
Trading commissions for single stock CFD
| Market | Volume commission | Min. commission |
|---|---|---|
| Austria | EUR 0.10% of trade value | EUR 4.00 |
| Belgium | EUR 0.10% of trade value | EUR 4.00 |
| Denmark | DKK 0.10% of trade value | DKK 30.00 |
| Finland | EUR 0.10% of trade value | EUR 4.00 |
| France | EUR 0.10% of trade value | EUR 4.00 |
| Germany | EUR 0.10% of trade value | EUR 4.00 |
| Netherlands | EUR 0.10% of trade value | EUR 4.00 |
| Norway | NOK 0.10% of trade value | NOK 32.00 |
| Portugal | EUR 0.10% of trade value | EUR 4.00 |
| Spain | EUR 0.10% of trade value | EUR 4.00 |
| Sweden | SEK 0.10% of trade value | SEK 32.00 |
| Switzerland | CHF 0.10% of trade value | CHF 4.00 |
| UK | GBP 0.10% of trade value | GBP 4.00 |
| US | USD 0.02 per share | USD 10.00 |
For Clients appointing an external manager/attorney, the volume commission rate may amount to a maximum of USD 75 per USD 1 million traded.
All volume commissions are converted to the Client account's base currency at the moment when the trade is executed, at Dukascopy Europe current spot rate adjusted by a 0.1% fee.
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 Europe ECN Accounts, please write us: [email protected]opy.eu,
call us:
Examples of volume commission calculation depending on Net Deposit, Equity and Traded Volume:
| Client Account 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
| Client Account 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 spot rate 1.4750 adjusted by a conversion fee 0.1%
Volume Commission: EUR 0.1 x 1.4750 x 30 = CHF 4.43
| Client Account 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
| Within Dukascopy Europe |
Free of charge
|
|---|---|
| Within Dukascopy Group |
Free of charge
|
| Outgoing wire transfers* |
Free of charge
|
| Closing** |
Free of charge
|
| Maintenance*** |
EUR 0 to 40 annually per client
|
* Dukascopy Europe does not charge any fees for outgoing wire transfers, however, commissions may be charged by our custodian and other third-party banks.
** Dukascopy Europe IBS AS 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 during the last 182 days. Otherwise, Dukascopy Europe IBS AS charges EUR 20 as Maintenance Fees every 182 days, as long as there is no trade or open position. Maintenance Fees are capped at EUR 40 per year and per client, regardless the number of Trading 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 Europe's current spot rate adjusted by a fee in the table below.
| Amount to be converted (in base currency of the currency pair) |
Fee |
|---|---|
| < 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% |
The settling of profits or losses in currencies that differ from the base currency of the Client account involves currency conversions. These conversions are carried out using Dukascopy Europe's settlement rate adjusted by a 0.1% fee.
