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Depending on the Dukascopy Bank SA services used by the client, various commissions may apply.
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):
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.
Trading commissions for single stock CFD:
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 base currency at the moment when the trade is executed, at Dukascopy Bank SA 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 Bank ECN Accounts, please write us: [email protected],
call us: +41 22 799 4888 or alternatively ask for a call-back.
Examples of volume commission calculation depending on Net Deposit, Equity and Traded Volume:
Volume Commission: USD 2 x 18 = USD 36
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
Volume Commission: USD 1 x 18 = USD 18
Binary Options fees
In order to enter into binary option contracts, the client shall pay a premium which corresponds to the contract size. The premium is automatically debited by Dukascopy Bank from the client account, prior to opening any option contract for the client. If the funds on the client's account are insufficient to pay the premium, Dukascopy Bank automatically adjusts the contract size and/or rejects the client order(s).
Dukascopy Bank does not charge any additional fees othe than the premium for entering into binary options contracts. However, the client understands and accepts that the market spread between the BID and the ASK price which exists for all tradable instruments negatively influences the probability of a gain. It should be noted that, in the case of Up option, the strike price of the option is based on the ASK but the relevant price at the maturity of the option, which determines if the option is In or Out-of-the-money, is the BID price. Inversely, for a Down option, the strike is based on the BID and the determining price at the maturity of the option is the ASK price. This means that, in order to be In-the-money, the price of the underlying shall move in the forecast direction more than the spread size.
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.
1 Commissions of third banks might be added.
2 White Label Partners are charged CHF 10, EUR 7.5 and USD 10.
3 Fees for transfers ordered by online customer report. Transfer fees are doubled in case of signed withdrawal form.
Transfers in currencies different than the currency of the account are subject to the additional commission specified in the table of Currency Exchange section.
(1) The account is not charged Maintenance fees during the first 363 calendar days after opening. After the 363th calendar day, Maintenance fees are charged if no trade/open position or no online currency exchange occurs on any account of the client during a period of 182 consecutive calendar days starting the 182th day after opening. When Maintenance fees apply, they amount to a maximum of CHF 100 per client (regardless the number of accounts) for each period of 182 consecutive calendar days without trade or online currency exchange meaning that they are charged twice a year at the maximum and can be avoided completely. Moreover, upon request, Maintenance fees are refunded but only to cover future fees or binaries premiums.
(2) Save special written agreement, the account is charged Maintenance fees if no trade/open position or no online currency exchange occurs on any account of the client during a period of 182 consecutive calendar days after opening. When Maintenance fees apply, they amount to a maximum of CHF 100 (save special written agreement) per client (regardless the number of accounts) for each period of 182 consecutive days without trade or online currency exchange meaning that they are charged twice a year at the maximum and can be avoided completely. Moreover, upon request, Maintenance fees are refunded but only to cover future fees or binaries premiums.
(3) Custody fees are debited at the end of each month based on the average end-of-day gold (XAU) account balance. If transactions on the account (e.g. withdrawals) would not let sufficient funds to cover accrued Custody fees, the latter become payable and are charged immediately.
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 current spot rate adjusted by a fee in the table below.
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 Bank's settlement rate adjusted by a 0.1% fee.
* 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 Current Account.
Credit Cards may be issued only in relation with a Current 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.
Dormant Account Fees
Account Maintenance Fees apply plus any costs incurred by necessary researches to reestablish contact, minimum CHF 500 but not more than the account balance.