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Independent educational resource

Understanding trading costs

Trading fees, spreads, slippage, funding and transfer costs are different things.

Published: · Lincare

More than the published fee

Your overall cost may include an execution fee, the bid–ask spread, slippage and, for relevant derivatives, funding. Transfers may introduce network or route-specific charges. A low headline fee does not make a transaction low risk or necessarily inexpensive.

Why this guide avoids live fee tables

Schedules can depend on account conditions, market, activity or programme rules and can change. This site does not run a live pricing feed. Check the current official schedule and any transaction preview rather than relying on an old example.

Compare like with like

When comparing costs, use the same product, notional amount, holding period and execution assumptions. Do not treat a temporary incentive or possible referral benefit as a permanent feature.