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 Bank		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	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		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	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		Bank Guarantee
	Currencies	Precious metals, CFD*	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.

^* Different fees apply to CFD on single stocks (See "Trading commissions for single stock CFD")

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: Send us a message,
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:

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 spot rate 1.4750 adjusted by a conversion fee 0.1%
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

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.

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 Transfers1 3	CHF 202 EUR 152 / USD 202 / GBP 15 AUD 30 / CAD 30 / CNY 150 CZK 500 / DKK 150 / HKD 180 HUF 5500 / ILS 70 / JPY 2500 MXN 350 / NOK 180 / NZD 30 PLN 80 / RON 80 / RUB 1800 SEK 170 / SGD 30 / TRY 65 ZAR 280

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.

	Trading Account (incl. binaries)	Current Account	Payment Account
Opening	no fee	no fee	no fee
Closing	no fee	no fee	no fee
Maintenance	(1)	(2)	no fee
Custody fees of gold (3)	1% per year of average gold balance	1% per year of average gold balance	gold not yet available

⁽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.

Notes

1. without further notice, maintenance fees are debited from any current or trading account(s) of the client until they are fully paid. Maintenance fees are not debited from payment accounts.
2. without further notice, Dukascopy Bank closes accounts with insufficient balance to pay due fees.

On-line money exchange, deposits, withdrawals, internal and external transfers, all kind of fees, 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.

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/losses and trading commissions 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	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 Current Account.

Fees	on request depending on Card Type

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.

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.