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XPoints

Trading Info

Fees

Spreads Only

A spread is the difference between the bid and the ask price of a financial instrument.
Unlike other service providers who charge a commission on each trade, at Xtrade you will never be charged for any spreads or dealing commissions nor are you subject to any withdrawal or deposit fees.

Premium

Keeping a position open after a specific hour (approximately 22:00GMT (21:00DST)), as shown in the Xtrade trading platform display screen "Details", subjects you to an Xtrade funding premium that is subtracted from your account. This premium covers the benefit/cost of the associated funding.

Trade settlement occurs two business days (T+2) after the trading day (opening/closure of a position). The day of settlement is also called the value day.

Example of Opening a Position and holding it over the night: You signed up and deposited $1,000 via credit card:

  • Balance: $1,000 (Deposits - Withdraws + P&L of closed positions).
  • P&L = $0 (total profit and loss of all open positions including Premium).
  • Available Balance: $1,000 (Balance + P&L of open positions - Initial Margins).
  • Equity: $1,000 (Balance + P&L of open positions).

On Monday at 1:00pm - you press 'Buy' EUR/USD which is trading at: (Sell 1.05034/Buy 1.05064).

Your criteria:

  • Deal amount: 10,000 EUR.
  • The total amount you bought is: 10,000 * 1.05064 = $10,506.4
  • Premium Buy: -1.8 pips
  • Pip value: 1 pip= 1 USD.

You hold the deal over the night (10PM GMT- 9PM GMT DST) and Premium charge applied (-$1.8)

You decide to close it on next day (Tuesday) at 1.05104

Your criteria:

  • Balance (Deposits - Withdraws + P&L of closed positions+ Premium): $1,002.2 ($1,000 – 0 + $4 + (-$1.8))
  • Premium: -1.8 pips = -$1.8
  • P&L = $0
  • Equity: $1,002.2

* In case you decide keep the trade opened over another night, the charge will apply again per each night.

Example of Opening a Position and holding it over the night: You signed up and deposited $1,000 via credit card:

  • Balance: $1,000 (Deposits - Withdraws + P&L of closed positions).
  • P&L = $0 (total profit and loss of all open positions including Premium).
  • Available Balance: $1,000 (Balance + P&L of open positions - Initial Margins).
  • Equity: $1,000 (Balance + P&L of open positions).

On Monday at 1:00pm - you press 'Sell' Gold which is trading at: (Sell $1,199.65/Buy $1,200.35) per ounce.

Your criteria:

  • Number of ounces: 10.
  • The total amount you sold is: 10*$1,199.65 = $11,996.50
  • Premium Sell: -25 pips
  • Pip value: 1 pip= $0.1

You hold the deal over the night (10PM GMT- 9PM GMT DST) and Premium charge applied (-$2.5)

You decide to close it on next day (Tuesday) at $1,200.65

Your criteria:

  • Balance (Deposits - Withdraws + P&L of closed positions+ Premium): $987.5 ($1,000 – 0 -$10 + (-$2.5))
  • Premium : -25 pips = -$2.5
  • P&L = $0
  • Equity: $987.5

* In case you decide keep the trade opened over another night, the charge will apply again per each night.

Wednesday Exception

Note: Trades that remain open on Wednesday at 22:00GMT (21:00DST) incur an additional 2 night's premiums (for a total of 3) because the original settlement day Friday (T+2) has now been pushed off to the next available business day (Monday). The same principal applies to overnight trades initiated 3 days before bank holidays.

Inactivity Fee

An Inactive Account Fee of up to $5 USD per month is assessed to Xtrade accounts that are inactive. An account is considered inactive if there has been no trading activity for a period of 3 months.

Trading CFDs involves significant risk of loss. Trading FX/CFDs involves a significant level of risk and you may lose all of your invested capital. Please ensure that you understand the risks involved.