Trading Costs

Spread, Margins and Commissions

We don’t add any pricing markups, instead a commission is charged per lot.
To view our adaptive discount scheme please click here.

Symbol	Commissions (Per million USD volume)	Spread From	Avg. Spread	Max Leverage
AUD/USD AUD/USD	As low as 17.5 35	0.1 0.1	0.4 0.4	1:500 1:500
EUR/GBP EUR/GBP	As low as 17.5 35	0.1 0.1	0.4 0.4	1:500 1:500
EUR/USD EUR/USD	As low as 17.5 35	0.0 0.0	0.2 0.2	1:500 1:500
GBP/USD GBP/USD	As low as 17.5 35	0.2 0.2	0.6 0.6	1:500 1:500
USD/JPY USD/JPY	As low as 17.5 35	0.0 0.0	0.3 0.3	1:500 1:500

Please Note: Leverage for RUB crosses is 1:50, CHF crosses 1:100 CNH 1:50 | DKK, HKD & SGD 1:25 | ZAR 1:100, TRY: 1:100

Symbol	Commission (% of trading volume)	Leverage
Australia 200 Australia 200	0.01% 0.02%	1:100 1:100
Europe 50 Europe 50	0.01% 0.02%	1:100 1:100
France 40 France 40	0.01% 0.02%	1:100 1:100
Germany 30 Germany 30	0.005% 0.01%	1:100 1:100
Hong Kong 50 Hong Kong 50	0.01% 0.02%	1:100 1:100
Italy 40 Italy 40	0.01% 0.02%	1:100 1:100
Japan 225 Japan 225	0.01% 0.02%	1:100 1:100
Netherlands 25 Netherlands 25	0.01% 0.02%	1:100 1:100
Spain 35 Spain 35	0.01% 0.02%	1:100 1:100
Switzerland 20 Switzerland 20	0.01% 0.02%	1:100 1:100
UK 100 UK 100	0.005% 0.01%	1:100 1:100
US 30 US 30	0.005% 0.01%	1:100 1:100
US 500 US 500	0.005% 0.01%	1:100 1:100
US 2000 US 2000	0.005% 0.01%	1:100 1:100
US TECH 100 US TECH 100	0.005% 0.01%	1:100 1:100

Country	Commission (% of trading volume)	Leverage
Australia Australia	0.05% 0.10%	1:10 1:10
Euro Euro	0.05% 0.10%	1:10 1:10
Hong Kong Hong Kong	0.05% 0.10%	1:10 1:10
Japan Japan	0.03% 0.06%	1:10 1:10
Singapore Singapore	0.11% 0.22%	1:10 1:10
Switzerland Switzerland	0.05% 0.10%	1:10 1:10
UK UK	0.05% 0.10%	1:10 1:10
US US	0.01 * 0.02% *	1:10 1:10

* Commission in USD per lot

Commission (USD per 1 lot)	Leverage
0.01 0.02	1:10 1:10

Commission (USD per 1 lot)	Leverage
0.01 0.02	1:10 1:10

Name	Contract Value	Commission (USD per million USD Volume)	Max Leverage
XBR/USD XBR/USD	1000 barels 1000 barels	As low as 17.5 35	1:100 1:100
XTI/USD XTI/USD	1000 barels 1000 barels	As low as 17.5 35	1:100 1:100
XNG/USD XNG/USD	10000 MMBtu 10000 MMBtu	As low as 17.5 35	1:100 1:100

Name	Contract Value (oz)	Commission (USD per million USD Volume)	Leverage
XAU * XAU *	100 100	As low as 17.5 35	1:200 1:200
XAG * XAG *	5000 5000	As low as 17.5 35	1:100 1:100
XPD / USD XPD / USD	100 5000	As low as 17.5 35	1:14 1:14
XPT / USD XPT / USD	100 5000	As low as 17.5 35	1:14 1:14

* Available against USD and EUR

What is Margin?

Margin allows you to gain full market exposure but only with a fraction of the investment capital you would normally require

Because CFDs are leveraged products, only a small amount from your capital is required in order to open your position.

What is a Margin Call?

A margin call occurs when, for example, a position you have is going against you. The Margin call will occur when a trading account no longer has enough equity to support the open trades.

Example: If you are using 200:1 leverage and you have a $20 account and use $10 to open a position, your trade size on the market would be $2000. Each pip would be worth approx. 20 cents. If the market moved against you by 50 pips, that would be a floating loss of $10.

Since $10 are required to keep your trade open, at a floating loss of $10.01, you will no longer have enough margin to keep your trade open and a margin call will occur. A margin call means that your broker might close your position to further protect your account.

The margin call at kawase is at 50%

What is the Stop-Out Level?

“Stop-Out” level means when the margin level of your account falls to or below a specifiedamount and your trades are automatically closed. Stop Out levels help protect your equity andprevent your account from falling into a negative balance.

The stop out level at Kawase is 35%