Ecxmarket is mainly compensated for its services through the "market spread". For example, when trading EUR/USD, if the buy rate is 1.12078 then the sell rate would be 1.12072 respectively (which means a market spread of 0.6 pips, in this example). Unlike other service providers who also charge commissions on each trade, Ecxmarket does not charge commissions.
However, the following additional fees may be applied:
Overnight Funding - The
overnight funding amount is either added
to or subtracted from your account when
holding a position after a certain time
(the “Overnight Funding Time”).
The overnight funding time and the daily
overnight funding percentage can be
found in the
“Details” link next to the
instrument’s name on the main screen
of the platform.
Currency Conversion Fee
- Ecxmarket will charge a Currency
Conversion Fee for all trades on
instruments denominated in a currency
different to the currency of your
account.
The Currency Conversion Fee will
currently be up to 0.7% of the trade’s
realised net profit and loss and
reflected in real time into the
unrealised net profit and loss of an
open position.
Inactivity Fee - A fee
of up to USD 10 per month will be
levied, should you not log in to your
trading account for a period of at least
three months. This fee will be charged
once a month from that moment onwards,
as long as no login is made to the
account. The inactivity fee will be
equal to the lesser of the remaining
available balance in your account or USD
10 (or equivalent depending on your
currency). This is to offset the cost
incurred in making the service
available, even though it has not been
used. However, please note that the fee
is only collected from the Real Money
account and only when there are
sufficient available funds in the
account. In order to avoid this fee,
simply log into your trading account
from time to time, as this is deemed
sufficient activity to prevent a fee
from being charged.
Guaranteed Stop Order - if you choose this feature, please note that as it guarantees that your position (trade) closes at a specific requested rate (price), the trade is subject to a wider spread. For more information, please refer to FAQ topic “Trading” → “What is a Guaranteed Stop Order?”
* For further information on fees please refer to the User Agreement.
Ecxmarket does not provide CFD services to residents of Nigeria.
Ecxmarket does not claim to be an official academic institution that has received recognition from any country/government.