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. There is no interest for bitcoins held in a Xapo wallet.)

There is no interest on other cryptocurrency holdings.

US 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. 

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% (daily rate).
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.

UK and German 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% (daily rate).
Overnight rate of Day 91 onwards: UK stocks - Libor +2% (annual rate) German stocks - Euribor Funds +2% (annual rate)

Stock dividends – If you hold a long position on the day a stock or stock index yields a dividend that will be paid to your account. 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 (HKD1/HKD1,000 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% (daily rate).

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 or stock index yields a dividend that will be paid to your account. 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 – The charge is 0.082% (daily rate) for any shorted currency. This excludes financing charges accrued for stock trading which are handled separately. 

XAI Trading: Fees

No commission to buy XAI on the AICoin Dashboard. There is a commission to buy or sell XAI on the FGC platform. Commissions to sell XAI follow the regular First Global pricing policy. 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.) 
You can use XAI as collateral evenif it is held on the AICoin Dashboard. If you want to make leveraged XAI trades or have multiple buy or sell orders in the market at the same time you will have to move your XAI onto the FGC platform. XAI held on the FGC platform cannot be voted. It may take considerable time to move your XAI back to the Dashboard or to your offsite wallet for voting purposes.


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