When you perform a trade, we will charge you a small amount. This is what we call the Trade Fee. The Trade Fee is a percentage of the total Trade Size, also referred to as the total value of the investment.
For example, if you invest €250* in Google, then the value of the trade is €250.
* Please note pricing is shown in Euros. All pricing is, however, dependent on the base currency of the account holder. The value of a trade or the nominal value changes with the change in Multiplier (leverage). Before you initiate a trade, the exact Fee amount will be shown below the Trade button.
| Minimum Fee | €0.30 |
| Total Trade Size | Trade Fee |
|---|---|
| €0 — 500 | 0.20% |
| €500 – 1,000 | 0.18% |
| €1,000 – 5,000 | 0.16% |
| More than €5,000* | 0.12% |
*For CFD Stocks there is currently a maximum Trade Size of €10,000
| Minimum Fee | €0.80 |
| Total Trade Size | Trade Fee |
|---|---|
| €0 — 2,500 | 0.22% |
| €2,500 — 5,000 | 0.20% |
| More than €5,000* | 0.18% |
*For CFD Stocks there is currently a maximum Trade Size of €10,000
| Minimum Fee | €0.30 |
| Total Trade Size | Trade Fee |
|---|---|
| €0 — 5,000 | 0.065% |
| €5,000 — 25,000 | 0.055% |
| €25,000 — 75,000 | 0.045% |
| €75,000 + | 0.035% |
| Minimum Fee | €0.30 |
| Total Trade Size | Trade Fee |
|---|---|
| €0 — 5,000 | 0.12% |
| €5,000 + | 0.10% |
| Minimum Fee | €0.30 |
| Total Trade Size | Trade Fee |
|---|---|
| €0 — 50,000 | 0.6% |
*For this product there is currently a maximum Trade Size of €50,000
| Minimum Fee | €0.30 |
| Total Trade Size | Trade Fee |
|---|---|
| €0 — 5,000 | 0.06% |
| €5,000 — 25,0000 | 0.05% |
| €25,000 — 75,000 | 0.04% |
| €75,000+ | 0.03% |
The FCA has banned the sale of CFD cryptocurrencies to retail consumers starting January 6th 2021. From this time, you will not be able to open any new Cryptocurrency positions. You will only be able to close your existing Cryptocurrency positions from that point. There is no deadline for closing these positions.
| Minimum Fee | €0.30 |
| Product | Trade Fee |
|---|---|
| Bitcoin | 0.50% |
| Ethereum | 0.55% |
| Litecoin | 1.00% |
| Bitcoin Cash | 0.75% |
| Ripple | 1.00% |
| Total Trade Size: | €0 – 5,000** |
**For all CFD cryptocurrencies there is currently a maximum Trade Size of €5,000
| Minimum Fee | €0.30 |
| Total Trade Size | Trade Fee |
|---|---|
| €0 — 2,500 | 0.12% |
| €2,500 – 5,000 | 0.11% |
| More than €5,000 | 0.08% |
| Minimum Fee | €0.30 |
| Total Trade Size | Trade Fee |
|---|---|
| €0 — 50,000 | 0.25% |
*For this product there is currently a maximum Trade Size of €50,000
With BUX, you can also use a Multiplier, which is a tool to trade with leverage. For example, if you invest €250 in the CFD stock Google and you apply a Multiplier of 3, then the total value of your trade will be 3 times €250, meaning €750. The money in excess of what you invested is money you’re borrowing from BUX.
The benefit of using a Multiplier is that you can do larger trades with smaller amounts of money. This means you can profit faster. However, the disadvantage is that you can lose money quicker as well when things don’t go the way you predicted. Therefore, always use the Multiplier carefully.
In any case, with BUX X you can never lose more than the amount you invested. In the example above, your maximum loss would therefore be €250.
When you use a Multiplier and keep a position open overnight, you are charged a certain interest rate. This is what we call a “financing fee.” This amount is charged daily at 23:00 GMT. For transparency, the financing fee is clearly shown in the details screen of each product. If you do not use a Multiplier, you do not pay a financing fee.
For all products, except cryptocurrencies, the financing fee rate applied to the total value of the investment is based on the relevant interbank rate (LIBOR for European products, Federal Funds Rate for US products), which is added (for LONG trades) or subtracted (for SHORT trades) to a fixed 3.5% annual spread.
The FCA has banned the sale of CFD cryptocurrencies to retail consumers starting January 6th 2021. From this time, you will not be able to open any new Cryptocurrency positions. You will only be able to close your existing Cryptocurrency positions from that point. There is no deadline for closing these positions.
For cryptocurrencies we differentiate the financing fee between a long position (arrow up) and a short position (arrow down). For a long position the financing fee is 20% of your total Trade Size on an annual basis for Bitcoin, and 25% of your total Trade Size on an annual basis for the other cryptocurrencies. For short positions no financing fee is charged.
Please note that these percentages are annual rates and are charged on the total Trade Size per position.
Please refer to the table below for an example of the price for the Financing Fee.
| CFD Cryptocurrency | Long position | Short position |
|---|---|---|
| Bitcoin | 20% | 0% |
| Ethereum | 25% | 0% |
| Litecoin | 25% | 0% |
| Bitcoin Cash | 25% | 0% |
| Ripple | 25% | 0% |
The inactivity fee is ONLY applicable for accounts that have been inactive for the last 90 days. There are a few conditions that define an inactive account:
– There has been no trading activity on your BUX X account (opening and closing positions*) in the last 90 days AND
– The BUX X app hasn’t been opened (no app sessions) in the last 90 days AND
– You currently don’t have any open positions in your BUX X portfolio.
*note that account transactions (i.e. deposits and withdrawals) do not count as trading activity.
The inactivity fee is €5 / month of inactivity. For example, if your account remains inactive for another 30 days after the initial inactivity fee has been charged, you will incur additional recurring inactivity fees every 30 days of inactivity.
If there is insufficient cash on your BUX X account, this balance will be reduced to zero. The inactivity fee will not be charged in the case of accounts where the current cash balance is less than or equal to zero.
The inactivity fee will be charged monthly until one of the following conditions is met:
– You contact Customer Support at support@getbux.com to close your account;
– Your account becomes active (see the definition of “inactive” above);
– Your current cash balance is less than or equal to zero.
Say, you invest €100 in Vodafone with a Multiplier of 5, which means the Trade Size is €500. We will charge you a daily interest rate for this €500 which we call the financing fee.
The financing fee is always charged per day. Say that Local Interest rate or LIBOR for a European product is at that moment 0.2%, this means you will pay an annual interest rate of 3.7% (0.2% + 3.5%). We will always calculate this back to a period of 1 day. The interest rate will subsequently be applied to the €500 and then rounded up with a plurality of €0.01. In this example, this means you will be charged a daily financing fee of €0.05.
The FCA has banned the sale of CFD cryptocurrencies to retail consumers starting January 6th 2021. From this time, you will not be able to open any new Cryptocurrency positions. You will only be able to close your existing Cryptocurrency positions from that point. There is no deadline for closing these positions.
Say you open a long position (arrow up) with an investment of €100 in Ethereum with a Multiplier of 2 – this means the Trade Size is €200. For cryptocurrencies we will charge you a fixed percentage of 25% on an annual basis for the €200.
The financing fee is always charged per day. For a long position in Ethereum this percentage is 25% which we will calculate back to a period of 1 day. The interest rate will subsequently be applied to the €200 and then rounded up with a plurality of €0.01. In this example, this means you will be charged a daily financing fee of €0.14.
For a short position (arrow down) there is no financing fee for cryptocurrencies so you are not charged a financing fee.
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