We don’t need to tell you about the aspects of our ‘service charges’ and ‘fees’ because you are already aware that we offer paid services. As compared to our rivals, our fee is very small which is not only affordable but also reasonable for wide majority. We strive for bettering our services and our fee and charges are secondary aspects. You would be glad to know that our trading platform is commission free. Here is our fee and charges structure which you will be agreeing to in our terms and conditions. Before explaining the structure, we would like to assure you that our intension is provide you competitive rates which we want to reduce down further. However, irrespective of our good intentions, we are constrained to demand the following fee and charges.
The first kind of fee which you may be asked to pay is the transaction fee which is also widely known as the trading fee. If you enter into a trade and execute a trade transaction successfully, then we become entitled to our fee for the services rendered by us. You may be aware that transactional fee is payable by customers obtaining brokerage services from the brokers like Polarbtc.
The second type of fee you’ll be encountering is the withdrawal fee. Withdrawal is a feature which is attached with the brokerage account. This feature is like a bank feature in which a bank account-holder withdraws money from his account either through cheque, bank draft, etc. In the case of a broker, there is no need to furnish a cheque or bank draft. Instead, a standardized request form is needed to be submitted with Polarbtc if the platform’s wants to withdraw funds. So eventually like banks, we too deduct a very small portion of the withdrawal amount. You may note that your first withdrawals is always free of any charge.
Third type of fee is called ‘Swap’ fee which is taken when a trade deal is left opened for more than 24 hours. Before the expiry of 24 hours period, we would not be entitled to deduct swap fee. However after the expiry of 24 hours period, the swap fee shall become payable. This is also a one-time payment against each trade deal left open for more than 24 hours. Again, traders are very much aware of this fee which is enough for clearing the doubts that we are not alone requiring payment of swap.
We educate people and for that we provide them information in visual, text and audio formats. In addition, we conduct in-private and non-private training sessions where traders are educated. Usually this feature is part of the brokerage account which comes with pre-defined usage restrictions. Exceeding the pre-defined usage limit will require us to demand extra charges for excessive training sessions. If you do not want additional training sessions then there will be no training fee. If you wish to learn more about fee and charges structure, please visit our page comprising our fee structure and mechanism.
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