Charges and Income

Interest on 10+ bitcoin account balances

We automatically pay interest on bitcoin accounts over 10 BTC not being held in a Xapo wallet. The interest is paid on the entire account whether or not the bitcoins are being used to finance a stock market, futures or currency trade.
(Traders with over 100 BTC on the site can request that some of their capital be held in a multisig Xapo wallet.)

US and UK Stock Trading Service: Fees & Income

We charge no artificial spread around the market price – what we trade in the market is the price you pay. Our commissions are lower than many online brokers.

Commissions – 0.1% on the value of the trade ($1/$1,000 worth of stock)

Finance Charges – Overnight positions carry a finance charge.
Overnight rate of Day 1 - 90 that a position is held: 0.023%
Overnight rate of Day 91 onwards: Fed Funds +2% (annual rate)

Stock dividends – If you hold a long position on the day a stock or stock index yields a dividend that is paid to your account minus the 30% US withholding fee. If you hold a short position on the day of a dividend yield, that is charged to your account.

Hong Kong Stock Trading Service: Fees & Income

We charge no artificial spread around the market price – what we trade in the market is the price you pay. Our commissions are lower than many online brokers.

Commissions – 0.1% on the value of the trade ($1/$1,000 worth of stock)
SFC Transaction Levy - 0.0027% (on each leg of the trade)
Stamp Duty - 0.1% (on each leg of the trade)

Finance Charges – Overnight positions carry a finance charge.

Overnight rate of Day 1 - 90 that a position is held: 0.023%

Overnight rate of Day 91 onwards: the HKD HIBOR (overnight rate).+2% (annual rate)

Stock dividends – If you hold a long position on the day a stock yields a dividend that is paid to your account minus 30% witholding fee if it is a US stock.  If you hold a short position on the day of a dividend yield, that is charged to your account.


ETF operating costs are covered by First Global Credit.

Deposits and Withdrawals

There is never a fee to deposit or withdraw bitcoins from your account.

Currency Switch Service: Fees

Commissions – 0.1% per trade for price makers (if you put a price into the market) and 0.2% per trade for price takers (if you take a bid or offer already displayed in the market.)

Financing – If you are net short any currency or net short of bitcoins you will be charged 0.027% per day financing charge (10% annualised). This presents a significant saving compared to the 30% or more charged on many other platforms.

Futures Trading

Commissions – Opening or closing a contract carries a commission charge of $5.00 per unit per leg.

Commission discounts – Positions opened and closed on the same day (day trading) will have a charge of $5.00 per contract to open the trade and a charge of $2.50 per contract for the closing leg of the trade. Positions where an older contract month is closed and a position established in the later month (rolling a contract) will be charged $2.50 for the closing leg of the trade and $5.00 for the second leg of the trade. These discounts will be applied as rebates to the daily trade statement.

Financing – Since you retain your bitcoins (and the growth benefit) we arrange a loan to cover the margin needed to place the trade. The overnight rate will be charged if a position is held between 23:59 and 0:00.

The overnight rate from day 1 – to day 90 is 0.023%.

The overnight rate from day 91 onwards = Fed Funds plus 2% (annual rate)


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