What are the fees associated with cryptocurrency trading on Plus500?
KothakotaNarendra BabuDec 28, 2021 · 3 years ago1 answers
Can you provide a detailed explanation of the fees associated with cryptocurrency trading on Plus500? I would like to know the different types of fees, how they are calculated, and if there are any additional charges.
1 answers
- Dec 28, 2021 · 3 years agoWhen it comes to cryptocurrency trading on Plus500, you'll encounter a few fees. The main fee is the spread fee, which is the difference between the buy and sell price of a cryptocurrency. This fee is already included in the price you see on the platform, so you won't have to pay it separately. Additionally, there may be overnight funding fees if you hold a position overnight. These fees are calculated based on the size of your position and the relevant interbank rate. It's important to note that Plus500 does not charge any commission fees, so you won't have to worry about that. However, it's always a good idea to read the terms and conditions to understand the fees associated with your trades. Please note that the information provided here is based on my knowledge and may be subject to change. It's always best to check with Plus500 directly for the most up-to-date fee information.
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