Opening an account with Zenvex Markets is free. There is no fee for holding money in your account.
When you trade with Zenvex Markets, the only charge you'll need to consider is the spread, and/or a commission depending on your account type. Other costs that may be applicable include currency conversion fees and swap rates for overnight funding.
Please ensure to check your account type as well as the trading conditions of your chosen instrument before you trade.
A currency conversion fee may need to be applied to a trade depending on the base currency of your trading account, the currency you fund the account with and the settlement currency of the market you trade in. The currency conversion fee is charged at 0.6% and is added to the settlement exchange rate based on the market rate at the time of settlement.
CFD accounts are set to 'instant' conversion by default, so any realised profit, loss, funding, dividend adjustments or commission is automatically converted to your base currency.
Here's how it works*:
Here's how it works*:
Please check the costs and charges before trading.
*All figures shown are for illustrative purposes only.
Also known as the 'swap' fees or charges, this is the cost of holding a position overnight. Swap rates are determined by the underlying interest rate of the products or currency pairs you have open positions in. The amount charged will depend on the size of your trade, whether you have a long or short position, and the instrument you are trading.
