Trading Costs Explained
Understand Your
Trading Costs
Depending on the instrument, your total trading cost may include the spread, a trading commission and an overnight swap. Your Octrado Trading Level can reduce selected spreads and commissions as your qualifying deposit increases.
Variable Spreads
Spreads reflect current market conditions and may change during periods of volatility or reduced liquidity.
Level-Based Pricing
Higher Trading Levels provide progressively greater discounts on selected spreads and commissions.
Transparent Commissions
Separate commissions apply to stock and ETF CFDs and are charged when a position is opened and again when it is closed.
Overnight Financing
A swap may be credited or debited when a CFD position remains open after the daily rollover.
One clear view of your costs. The following sections explain how spreads, commissions, swaps and other account-related costs work, with practical calculations based on Octrado conditions.
What Makes Up the Cost of a Trade?
The total cost of a trade can consist of several separate components. Not every component applies to every instrument or every position.
Spread
The difference between the current buy and sell price. It is reflected in the value of the position when the trade is opened.
Commission
A separate charge for stock and ETF CFDs. It is charged when the position is opened and again when it is closed.
Swap
An overnight financing adjustment that may be credited or debited when a CFD position remains open after rollover.
Other Possible Costs
Account maintenance, third-party payment charges, currency conversion and rollover effects may also be relevant.
Total Cost Formula
SPREAD + COMMISSION + SWAP = TOTAL TRADING COST
The applicable combination depends on the instrument, position and holding period. A separate commission does not apply to every instrument. An overnight swap does not apply when a position is closed before rollover.
What Is a Spread?
Bid Price
The price at which you can sell.
Ask Price
The price at which you can buy.
The difference between these prices is the spread. Octrado offers variable spreads, so the spread can become narrower or wider depending on liquidity, volatility, order size and other market conditions.
Calculation Formula
Spread cost = spread × contract size × position size
Illustrative XAU/USD Example
Assume you open a 0.10 lot position in XAU/USD. The contract size is 100 troy ounces per lot.
| Level | Typical Spread | Calculation | Illustrative Cost |
|---|---|---|---|
| Level 1 | USD 0.40 | USD 0.40 × 100 × 0.10 | USD 4.00 |
| Level 7 | USD 0.22 | USD 0.22 × 100 × 0.10 | USD 2.20 |
Variable pricing — The actual spread may differ at execution and can widen during periods of high volatility, reduced liquidity, market openings or important economic announcements.
Examples of Typical Spreads
Current specifications are available in the instrument pages and MetaTrader 5.
| Instrument | Level 1 Spread | Level 7 Spread |
|---|---|---|
| EUR/GBP | 0.9 pips | 0.3 pips |
| GBP/USD | 1.0 pip | 0.4 pips |
| Gold – XAU/USD | USD 0.40 | USD 0.22 |
| WTI Oil – USWTI | USD 0.043 | USD 0.013 |
Spreads are variable and may change without prior notice.
Trading Commissions
A commission is a separate trading charge that applies to stock and ETF CFDs. It is charged when a position is opened and again when it is closed.
| Market | Default Commission | Level 7 Commission |
|---|---|---|
| United States stock CFDs | 0.10%, min. USD 1 | USD 0 |
| Other listed stock CFD markets | 0.20%, min. USD 2 | USD 0 |
| ETF CFDs | 0.10%, min. USD 1 | USD 0 |
Example Calculation
You open a USD 5,000 position in a US stock CFD.
USD 5,000 × 0.10% = USD 5.00
The result is higher than the USD 1 minimum, so the opening commission is USD 5.00.
When the position is closed, the commission is charged again at the closing value.
Total for round trip: USD 10.00
Minimum Commission Rule
When the percentage calculation produces an amount below the published minimum, the minimum commission applies to that side of the trade.
Your Trading Level Can Reduce Your Costs
Your Trading Level is determined by the qualifying deposit. As the deposit level increases, selected spread and commission discounts may improve.
| Level | Min. Deposit | Spread Benefit | Commission Benefit |
|---|---|---|---|
| Level 1 | USD 1,000 | No discount | No discount |
| Level 2 | USD 10,000 | Up to 10% | 10% discount |
| Level 3 | USD 50,000 | Up to 20% | 30% discount |
| Level 4 | USD 100,000 | Up to 30% | 30% discount |
| Level 5 | USD 250,000 | Up to 40% | 60% discount |
| Level 6 | USD 500,000 | Up to 50% | 60% discount |
| Level 7 | USD 1,000,000 | Up to 75% | Zero on stock and ETF CFDs |
A higher Trading Level does not mean every trade is free of charge. Variable spreads, overnight swaps and other applicable costs may continue to apply.
Discover Your Trading Level
What Is an Overnight Swap?
A swap is an overnight financing adjustment applied when a CFD position remains open after the daily rollover time. Depending on the instrument and position direction, the swap may be debited, credited or zero.
| Instrument | Swap Type | Long Swap | Short Swap |
|---|---|---|---|
| EUR/USD | In points | -6.5258 | +2.0183 |
| GER40 | In points | -296.9992 | +26.1758 |
| XAU/USD | In points | -62.7396 | +23.2655 |
| USWTI | In points | +0.3335 | -3.5805 |
| Stock CFDs | Annual % | -6% | -1% |
| ETF CFDs | Annual % | -6% | -1% |
Swap rates can change. The current MetaTrader 5 specification and the latest Octrado swap schedule apply at the time of rollover.
View Current Swap Rates
Swap Calculation Examples
Quoted in Points
Swap amount = swap rate × point value × number of lots × rollover multiplier
Use 1× for standard rollover, 3× for Wednesday triple swap.
1.00 lot long – standard
-USD 6.53
1.00 lot short – standard
+USD 2.02
0.10 lot long – standard
-USD 0.65
1.00 lot long – Wednesday
-USD 19.58
1.00 lot short – Wednesday
+USD 6.05
Percentage Swap
Daily swap = position value × annual swap rate / 360 × rollover multiplier
Position value: USD 5,000. Use absolute rate; sign shows credited or debited.
Long – standard day
-USD 0.83
Short – standard day
-USD 0.14
Long – Wednesday
-USD 2.50
Short – Wednesday
-USD 0.42
Point value can differ depending on the instrument, contract size, quote format and account currency. Check the symbol specification in MetaTrader 5. Examples are rounded to the nearest cent.
Swap Schedule and Platform Check
Mon
Single
Tue
Single
Wed
Triple ×3
Thu
Single
Fri
Single
Sat
None
Sun
None
How to Check in MetaTrader 5
Open Market Watch
Right-click the selected instrument
Select Specification
Review long/short swap values and rollover settings
Current values always take priority
The swap table on this page explains the calculation method. The current symbol specification in MetaTrader 5 determines the actual value applied to a position at rollover.
Other Costs & Clear Definitions
Account Maintenance Fee
If there are no deposits, withdrawals or trading activities for one month, a maintenance fee of USD 10 (or equivalent) may be charged if sufficient funds are available.
Deposits and Withdrawals
Octrado Ltd. does not charge its own deposit or withdrawal fee. A bank, card provider or payment service may still apply its own third-party charge.
Currency Conversion
Funds received in a different currency from the account base currency may be converted using the applicable exchange rate when the funds become available.
Contract Rollovers
Selected commodities, indices and bonds may be rolled into the next liquid contract before expiration. Restrictions can apply shortly before the rollover.
Contract Rollover Deadlines
| 15 min before expiration | Opening new positions disabled; only closing is allowed. |
| 10 min before expiration | Pending orders (TP, SL, limits, stops) are cancelled. |
Terms That Are Not Direct Fees
Margin
Capital required to open or maintain a leveraged position. Not a fee — it reduces free funds available.
Slippage
Difference between the requested price and actual execution price. Not a fee — it can affect the trade result.
Leverage
Allows control of a larger position with less capital. Not a fee — it amplifies both profits and losses.
Market Movement
A loss caused by the market moving against an open position is a trading result, not a transaction fee.
Frequently Asked Questions
Are Octrado spreads fixed?
No. Spreads are variable and can widen or narrow depending on market liquidity and volatility. The Trading Level applied to the account can also reduce the spread on eligible instruments.
Which instruments have a separate commission?
US stock CFDs, other listed stock CFD markets and ETF CFDs are charged a separate commission in addition to the spread. Most other instruments are spread-only.
When is the triple swap applied?
Standard overnight swap is charged once per rollover, except on Wednesday, when a triple swap (×3) is applied to account for the weekend settlement of open positions.
Can a swap be positive?
Yes. Depending on the instrument, position direction and prevailing interest rate differential, the swap can be credited rather than debited to the account.
Does Level 7 mean all trading is free?
No. Level 7 removes commission on stock and ETF CFDs and offers the largest available spread discount, but spreads, overnight swaps and other applicable costs may still apply.
Does Octrado charge deposit or withdrawal fees?
Octrado Ltd. does not charge its own deposit or withdrawal fee. A bank, card provider or payment service may still apply its own third-party charge.
Trade with Costs You Understand
Access global markets through MetaTrader 5, compare available instruments and select the Trading Level that best reflects your trading goals.
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