Commissions for
Stocks
- Stocks
- Stocks
- All regions / All sectors
- European
- North America
- Asia/Pacific
Tailor made price - depending on the volumes, frequency and products traded. Together we evaluate the best matching profile for your investment strategy.
The commission rate for Cornèr Bank (Overseas) Limited customers subject to VAT ('locals') is increased by the relevant percentage (10%).
Trading conditions for
Shares
- FX Spot
- FX Options
- CFX
- CFD Index
- CFD single stocks
- CFD Commodities
- CFD Forex
- CFD Bonds
- CFD Options
- Shares
- Futures
- Micro Futures
- Stock Options
- Contract options
- Bonds
- Mutual Funds
- ETFs
- FX Spot
- FX Options
- CFX
- CFD Index
- CFD single stocks
- CFD Commodities
- CFD Forex
- CFD Bonds
- CFD Options
- Shares
- Futures
- Micro Futures
- Stock Options
- Contract options
- Bonds
- Mutual Funds
- ETFs
No custody fee
Currency conversion rates
Conditions for securities transfer
Market data subscriptions
In order to receive real-time streaming quotes on exchange listed products with Cornèrtrader, you are required to subscribe to the relevant stock exchange data. However, as a client of ours, you have access to delayed market data on listed securities.
An online subscription tool is available on the trading platform. There you will find the list of available exchanges and news services alongside the applicable monthly fees. You can subscribe and unsubscribe to services of your choice.
Monthly subscription fees are charged for the data you elect to receive in real-time. The exchange subscription agreements can only be submitted via the subscription tool on the platform.
Subscription cost
As soon as you subscribe to your chosen service, your account will be debited for the cost of subscription for a full calendar month, whatever date you subscribe.
When subscribing to the service, it is important to enter your personal and professional data correctly. Any errors, use of pseudonyms or incomplete information can lead to the subsequent and automatic cancellation of the request or of the subscription if already active, even if only for a few days.
Exchanges require users to renew their personal information every six months. Before this deadline, the platform will send a notification to remind you to reactivate subscriptions which are expiring.
Corporate clients are classed by exchanges as professional investors. Accordingly, corporate clients are charged the professional user costs.
Carrying costs
The carrying cost is calculated based on the daily margin requirement and applied when a position is held overnight.
Carrying cost = margin requirement *days held* (relevant interbank rate + markup 1.5%) / (365 or 360 days)
Expiry for futures contracts
Therefore, we advise you to take note of the expiry and first notice dates (FND) of any futures contracts in which you have positions and ensure they are closed before the appropriate day, as described below.
- If the expiry day is before the first notice day (FND), the contract is closed on the expiry day.
- If the FND is on the same or before the expiry day, the contract is closed the weekday before the FND.
If futures positions are not closed before the relevant date, we will close the position on your behalf at the first available opportunity at the prevailing market rate. Any resulting costs, gains or losses are passed on to you.
Rolling at futures expiry
With the Spreads tool, you can exit the front month, enter the forward contract in one click and control the points (spread) between the two contracts of the same underlying future instrument.Pay attention to the legs when you select the buy or sell verse in the trade ticket: you want to neutralize the exposure on your expiring position and then extend the exposure to the next desired month.
To learn more about how to roll a future position, watch this video.
Market data subscriptions
In order to receive live streaming quotes on exchange listed products with Cornèrtrader, you are required to subscribe to the relevant stock exchange data. However, as a client of ours, you have access to delayed market data on listed securities on which you can trade.
An online subscription tool is available on the trading platform. There you will find the list of futures & options available and news services, with the applicable monthly fees. You can subscribe and unsubscribe to the services of your choice.
Monthly subscription fees are charged for the data you elect to receive in real-time. The exchange subscription agreements can only be submitted via the subscription tool on the platform.
When you subscribe to live prices from a derivative exchange, if the exchange offers both futures contracts and options contracts, live prices on both are included in the same subscription.
Subscriptions levels
Some of the stock and future exchanges might offer Level 1 only or also the Level 2 market data. With the Level 1 subscription, you receive the first level of the order book on the exchange: you can see real-time, bid/ask quotes and their sizes/volumes. With the Level 2 subscription, you can see not only the top of the book, but also the market depth of bid/ask prices and the size available at each price point.
Example of Market Depth:
Subscription costs
As soon as you subscribe to your chosen service, your account will be debited for the cost of subscription for a full calendar month, whatever date you subscribe.
Corporate clients are classed by exchanges as professional investors. Accordingly, barring terms to the contrary in the subscriber agreement, corporate clients are charged the professional end-user fees.
Support for stop and stop limit orders
The order types available are noted in the pop-up details for each contract. Where stop orders and stop limit orders are not supported by the exchange, Cornèrtrader offers the possibility to execute stop orders through synthetic stop orders, whereby your orders are triggered if the underlying assets are traded at least for one lot.
Note that for stop orders on any of the CME Group exchanges, the duration is modified with validity on the same day. If not filled by end of the day, the orders will expire.
Market hours
Online trading hours
Custody fees
*In the examples, the prices shown are the most aggressive and take in consideration high volumes and high frequency of trading. These can only be offered to clients matching the criteria. When defining the pricing in the PRO/VIP segment, we take into consideration several aspects including the clients’ trading needs, the exchange, the products and the frequency and/or volumes traded, to determine the best spreads and fees we can offer for a specific profile.
Currency conversion rates
Bonds as collateral for margin trading
The collateral value of a bond position depends on the rating of the individual bond:
*as rated by Cornèrtrader
Example: 80% of the market value of a bond position with an A rating can be used as collateral (instead of cash) to invest in margin products such as forex, CFDs or futures and options.
Cornèrtrader reserves the right to review the ratings, decrease, revoke or refuse the collateral requirements provided by bond positions. To clients under the ESMA requirements (EU), the collateral on bonds cannot be offered.
Conditions for bond transfer
Carry costing
The carrying cost is calculated based on the daily margin requirement and applied when a position is held overnight.
Carrying cost = margin requirement *days held* (relevant interbank rate + markup 1.5%) / (365 or 360 days)
Market data subscriptions
In order to receive real-time streaming quotes on exchange listed products with Cornèrtrader, you are required to subscribe to the relevant stock exchange data. However, as a client of ours, you have access to delayed market data on listed securities.
An online subscription tool is available on the trading platform. There you will find the list of available exchanges and news services alongside the applicable monthly fees. You can subscribe and unsubscribe to services of your choice.
Monthly subscription fees are charged for the data you elect to receive in real-time. The exchange subscription agreements can only be submitted via the subscription tool on the platform.
Subscription cost
As soon as you subscribe to your chosen service, your account will be debited for the cost of subscription for a full calendar month, whatever date you subscribe.
When subscribing to the service, it is important to enter your personal and professional data correctly. Any errors, use of pseudonyms or incomplete information can lead to the subsequent and automatic cancellation of the request or of the subscription if already active, even if only for a few days.
Exchanges require users to renew their personal information every six months. Before this deadline, the platform will send a notification to remind you to reactivate subscriptions which are expiring.
Corporate clients are classed by exchanges as professional investors. Accordingly, corporate clients are charged the professional user costs.
Carrying costs
The carrying cost is calculated based on the daily margin requirement and applied when a position is held overnight.
Carrying cost = margin requirement *days held* (relevant interbank rate + markup 1.5%) / (365 or 360 days)
Expiry for futures contracts
Therefore, we advise you to take note of the expiry and first notice dates (FND) of any futures contracts in which you have positions and ensure they are closed before the appropriate day, as described below.
- If the expiry day is before the first notice day (FND), the contract is closed on the expiry day.
- If the FND is on the same or before the expiry day, the contract is closed the weekday before the FND.
If futures positions are not closed before the relevant date, we will close the position on your behalf at the first available opportunity at the prevailing market rate. Any resulting costs, gains or losses are passed on to you.
Rolling at futures expiry
With the Spreads tool, you can exit the front month, enter the forward contract in one click and control the points (spread) between the two contracts of the same underlying future instrument.Pay attention to the legs when you select the buy or sell verse in the trade ticket: you want to neutralize the exposure on your expiring position and then extend the exposure to the next desired month.
To learn more about how to roll a future position, watch this video.
Market data subscriptions
In order to receive live streaming quotes on exchange listed products with Cornèrtrader, you are required to subscribe to the relevant stock exchange data. However, as a client of ours, you have access to delayed market data on listed securities on which you can trade.
An online subscription tool is available on the trading platform. There you will find the list of futures & options available and news services, with the applicable monthly fees. You can subscribe and unsubscribe to the services of your choice.
Monthly subscription fees are charged for the data you elect to receive in real-time. The exchange subscription agreements can only be submitted via the subscription tool on the platform.
When you subscribe to live prices from a derivative exchange, if the exchange offers both futures contracts and options contracts, live prices on both are included in the same subscription.
Subscriptions levels
Some of the stock and future exchanges might offer Level 1 only or also the Level 2 market data. With the Level 1 subscription, you receive the first level of the order book on the exchange: you can see real-time, bid/ask quotes and their sizes/volumes. With the Level 2 subscription, you can see not only the top of the book, but also the market depth of bid/ask prices and the size available at each price point.
Example of Market Depth:
Subscription costs
As soon as you subscribe to your chosen service, your account will be debited for the cost of subscription for a full calendar month, whatever date you subscribe.
Corporate clients are classed by exchanges as professional investors. Accordingly, barring terms to the contrary in the subscriber agreement, corporate clients are charged the professional end-user fees.
Support for stop and stop limit orders
The order types available are noted in the pop-up details for each contract. Where stop orders and stop limit orders are not supported by the exchange, Cornèrtrader offers the possibility to execute stop orders through synthetic stop orders, whereby your orders are triggered if the underlying assets are traded at least for one lot.
Note that for stop orders on any of the CME Group exchanges, the duration is modified with validity on the same day. If not filled by end of the day, the orders will expire.
Carry costing
The carrying cost is calculated based on the daily margin requirement and applied when a position is held overnight.
Carrying cost = margin requirement *days held* (relevant interbank rate + markup 1.5%) / (365 or 360 days)
Market data subscriptions
However, as our client you have access to delayed market data on listed securities on which you can trade.
An online subscription tool is available on the trading platform. There you will find the list of available exchanges and news services along with the applicable monthly fees. You can subscribe and unsubscribe to services of your choice.
Monthly subscription fees are charged for the data you elect to receive in real time. Exchange subscription agreements can only be submitted via the subscription tool on the platform.
Subscription fees
As soon as you subscribe to your chosen service, your account will be debited with the subscription for a full calendar month, whatever date you subscribe.
Corporate clients are classed by exchanges as professional investors. Accordingly, unless the terms of the subscriber agreement stipulate otherwise, corporate clients are charged the professional end-user fees.
No custody fee
Currency conversion rates
Smart order routing
Conditions for securities transfers
Taxes and fees on corporate actions
Market data subscriptions
To receive real-time prices for an exchange, use the exchange subscription tool in the trading platform. You will find it under “Menu > Market data subscription”. There you will obtain quick and easy access market data and real-time news.
Subscription charges
As soon as you subscribe to your chosen service, your account will be debited with the subscription for a full calendar month, whatever date you subscribe.
Corporate clients are classed by exchanges as professional investors. Accordingly, unless the terms of the subscriber agreement stipulate otherwise, corporate clients are charged the professional end-user fees.
Carrying costs
The carrying cost is calculated based on the daily margin requirement and applied when a position is held overnight.
Carrying cost = margin requirement *days held* (relevant interbank rate + markup 1.5%) / (365 or 360 days)
Margin information
Initial margin
This is a pre-trade margin check on order placement, i.e. when you open a new position, there must be sufficient collateral on your account to meet the initial margin requirement.
Maintenance margin
This is a continuous margin check, i.e. the minimum amount of cash or collateral that must be maintained on your account to hold an open position. The maintenance margin is used to calculate the margin utilisation. A close-out of margin positions occurs as soon as you do not meet the maintenance margin requirement.
You will find the initial and maintenance margin of bond CFDs in the platform under Trading conditions.
Example:
Carrying costs
The carrying cost is calculated based on the daily margin requirement and applied when a position is held overnight.
Carrying cost = margin requirement *days held* (relevant interbank rate + markup 1.5%) / (365 or 360 days)
Margin information
Initial margin
This is a pre-trade margin check on order placement, i.e. when you open a new position, there must be sufficient collateral on your account to meet the initial margin requirement.
Maintenance margin
This is a continuous margin check, i.e. the minimum amount of cash or collateral that must be maintained on your account to hold an open position. The maintenance margin is used to calculate the margin utilisation. A close-out of margin positions occurs as soon as you do not meet the maintenance margin requirement.
You will find the initial and maintenance margin of Forex CFDs in the platform under Trading conditions.
Example:
Carrying costs
The carrying cost is calculated based on the daily margin requirement and applied when a position is held overnight.
Carrying cost = margin requirement *days held* (relevant interbank rate + markup 1.5%) / (365 or 360 days)
Expiry of commodity CFDs
The current contract and following contract are offered to enable you to manually transfer positions from one expiry to the next. You will find the specific expiry date and time for commodity CFDs in the trading platforms on the contract trading ticket.
Trading will cease at the specified time listed in the Contracts Specifications table for each contract. You should pay attention to when the Last Trade Day will take place as it differs from contract to contract and month to month. Any positions still open on the Expiry Date will be automatically closed at the closing price set by Cornèrtrader and cash-settled.
Margin information
Initial margin
This is a pre-trade margin check on order placement, i.e. when you open a new position, there must be sufficient collateral on your account to meet the initial margin requirement.
Maintenance margin
This is a continuous margin check, i.e. the minimum amount of cash or collateral that must be maintained on your account to hold an open position. The maintenance margin is used to calculate the margin utilisation. A close-out of margin positions occurs as soon as you do not meet the maintenance margin requirement.
You will find the initial and maintenance margin of commodity CFDs in the platform under Trading conditions.
Example:
Market data subscriptions
In order to receive live streaming quotes on exchange listed products with Cornèrtrader, you are required to subscribe to the relevant stock exchange data. However, as a client of ours, you have access to delayed market data on listed securities on which you can trade.
An online subscription tool is available on the trading platform. There you will find the list of futures & options available and news services, with the applicable monthly fees. You can subscribe and unsubscribe to the services of your choice.
Monthly subscription fees are charged for the data you elect to receive in real-time. The exchange subscription agreements can only be submitted via the subscription tool on the platform.
When you subscribe to live prices from a derivative exchange, if the exchange offers both futures contracts and options contracts, live prices on both are included in the same subscription.
Subscriptions levels
Some of the stock and future exchanges might offer Level 1 only or also the Level 2 market data. With the Level 1 subscription, you receive the first level of the order book on the exchange: you can see real-time, bid/ask quotes and their sizes/volumes. With the Level 2 subscription, you can see not only the top of the book, but also the market depth of bid/ask prices and the size available at each price point.
Example of Market Depth:
Subscription costs
As soon as you subscribe to your chosen service, your account will be debited for the cost of subscription for a full calendar month, whatever date you subscribe.
Corporate clients are classed by exchanges as professional investors. Accordingly, barring terms to the contrary in the subscriber agreement, corporate clients are charged the professional end-user fees.
CFD financing costs
If you keep a CFD position on single stocks and/or stock indices overnight (after 5.00 p.m. EST, New York Time), financing costs on long and short positions apply. The finance of the traded value consists of a credit/debit charge. The calculation is daily but charged on a monthly basis.
The cost of financing is composed of two elements:
- bid/offer financing rate*
- commercial product markup/markdown
*The bid/offer financing rate refers to the financing price in individual currencies. Our broker uses publicly accessible and internationally recognised Alternative Reference Rates (ARR) as the basis for constructing the funding rates. For currencies without a designated ARR, money market rate, monetary policy rate or other relevant financial benchmark apply as an input. The bid/offer financing rates have a floor of 0% and therefore cannot be negative. The interest is calculated daily and charged monthly at the end of each calendar month.
The CFD financing for holding overnight positions is applied as follows:
- Long CFD positions are subject to a charge:
CFD finance cost = (Open Position Amount × Price × (Offer financing rate + Markup%) × Number of days / 360 or 365. - Short CFD positions creates a financing credit (when the rate is higher than the markdown):
CFD finance credit = (Open Position Amount × Price × (Bid financing rate - Markdown%) × Number of days / 360 or 365
The CFD financing charges do not apply to positions opened and closed before the end of the trading day (provided that the exchange on which the underlying is traded is opened) and on the “expiring CFDs” (e.g. with underlying commodity, interest rates, Forex and some Stock Index CFDs).
Details on the markup/down applied to your CFDs positions are visible in the trading conditions of each CFD product. The historical CFD financing costs can be accessed under "Historic Reports > CFD Finance Details" on the platform.
CFD borrowing costs (short positions)
Generally, all short positions in Single Stock CFDs held overnight are subject to the cost of borrowing the underlying shares. The fee varies according to the instrument, market conditions and the availability of shares to be borrowed in the market. Instruments that are in high demand for short selling can experience an increase in the borrowing cost.
The borrowing cost is fixed and will be charged every month. However, due to the execution of certain corporate action events, the borrowing cost on the short position can be reset to the current rate in the market.
The estimated borrowing cost on a Single Stock CFD can be found on the platform under the Trading Conditions, as well as in the Trade Ticket. The “Details” section of the trade ticket shows the estimated borrowing cost per day.
Market data subscriptions
In order to receive real-time streaming quotes on exchange listed products with Cornèrtrader, you are required to subscribe to the relevant stock exchange data. However, as a client of ours, you have access to delayed market data on listed securities.
An online subscription tool is available on the trading platform. There you will find the list of available exchanges and news services alongside the applicable monthly fees. You can subscribe and unsubscribe to services of your choice.
Monthly subscription fees are charged for the data you elect to receive in real-time. The exchange subscription agreements can only be submitted via the subscription tool on the platform.
When you subscribe to live prices from a stock exchange, both the company shares, the ETFs, ETPs, ETNs, ETCs and single stock CFDs listed on that stock exchange are included in the same subscription.
Subscriptions levels
Some of the stock and future exchanges might offer Level 1 only or also the Level 2 market data. With the Level 1 subscription, you receive the first level of the order book on the exchange: you can see live, streaming, bid/ask quotes and their sizes/volumes. With the Level 2 subscription, you can see not only the top of the book, but also the market depth of bid/ask prices and the size available at each price point.
Example of market depth:
Subscription cost
As soon as you subscribe to your chosen service, your account will be debited for the cost of subscription for a full calendar month, whatever date you subscribe.
When subscribing to the service, it is important to enter your personal and professional data correctly. Any errors, use of pseudonyms or incomplete information can lead to the subsequent and automatic cancellation of the request or of the subscription if already active, even if only for a few days.
Exchanges require users to renew their personal information every six months. Before this deadline, the platform will send a notification to remind you to reactivate subscriptions which are expiring.
Corporate clients are classed by exchanges as professional investors. Accordingly, corporate clients are charged the professional user costs.
Market hours
CCY EXCEPTIONS
*In instances where no liquidity can be sourced in the market, these trading hours may be further reduced on a day-to-day basis.
**Special dates and times for FX metals apply on U.S. national holidays to reflect the trading hours of the underlying futures market.
Note that FX Spot, FX Forward and FX Option prices stop streaming from 1 minute before the end of the trading day (5.00 p.m. EST) and remain non-tradeable (grey pricing) for 5 minutes. This is because liquidity can be thin during this brief interval and we want to encourage you not to trade at this time.
Rollover on forex spot
For most of FX Spot, the rollover takes place at 5.00 p.m. EST (New York – standard market convention to define the end of the trading day). However, there are some exceptions, for example, NZD rolls forward at 7.00 a.m. New Zealand Daylight Time.
The rollover is made up of two components:
- Tom/Next swap points (Forward price)
Calculated using market swap prices from Tier-1 banks, plus/minus a markup +/- 0.45% of the Tom/Next interest swap rates. - Financing of unrealised profit/loss (financing interest)
Unrealised profit/loss on positions that are rolled to the next day are subject to credit or debit interest. The unrealised profit/loss is calculated as the difference between the opening price of a position, possibly corrected for previous Tom/Next rollovers, and the Spot price at the time that the rollover is performed. The calculated rate is based on the daily market overnight interest rates plus/minus a markup +/- 2%.
The final rates of the Tom/Next and the financing interests are used to adjust the opening price of the position:
New historic price = open price + swap points + financing interest
In your Cornèrtrader platform, you can view the rollover history on your FX positions under “Account > Historic reports > Forex Rollovers report”.
Rollovers do not apply to intraday FX positions.
Net open position limit
If the NOP Value exceeds the preset NOP limit, you will only be able to place orders that close positions or reduce the NOP Value. The breakdown of single currency exposures and the NOP Value is displayed in the Cornèrtrader platforms in the “Account Exposure” section.
Netting with FIFO
That means that the first position that you open is the first position to be closed. This is provided that the positions are on the same account (therefore excluding subaccounts) and that none of the positions have related orders attached.
Example:
You are trading EURUSD and have opened the following positions:
- Buy 1M EURUSD
- Buy 1M EURUSD
- Sell 1M EURUSD
- Sell 2M EURUSD
The first long position 1) will net out with the first short position 3), the second long position 2) will net out with half of the second short position 4), leaving only one short position of 1M EURUSD at the end of the trading day.
Minimum trade amount
Full information can be found on the platform under Trading conditions.
Order types
Learn more about order types in Know-how (Tutorials)
Currency conversion rates
CFD financing for overnight positions
If you keep a CFD position on single stocks and/or stock indices overnight (after 5.00 p.m. EST, New York Time), financing costs on long and short positions apply. The finance of the traded value consists of a credit/debit charge. The calculation is daily but charged on a monthly basis.
The cost of financing is composed of two elements:
- bid/offer financing rate*
- commercial product markup/markdown
*The bid/offer financing rate refers to the financing price in individual currencies. Our broker uses publicly accessible and internationally recognised Alternative Reference Rates (ARR) as the basis for constructing the funding rates. For currencies without a designated ARR, money market rate, monetary policy rate or other relevant financial benchmark apply as an input. The bid/offer financing rates have a floor of 0% and therefore cannot be negative. The interest is calculated daily and charged monthly at the end of each calendar month.
The CFD financing for holding overnight positions is applied as follows:
- Long CFD positions are subject to a charge:
CFD finance cost = (Open Position Amount × Price × (Offer financing rate + Markup%) × Number of days / 360 or 365. - Short CFD positions creates a financing credit (when the rate is higher than the markdown):
CFD finance credit = (Open Position Amount × Price × (Bid financing rate - Markdown%) × Number of days / 360 or 365
The CFD financing charges do not apply to positions opened and closed before the end of the trading day (provided that the exchange on which the underlying is traded is opened) and on the “expiring CFDs” (e.g. with underlying commodity, interest rates, Forex and some Stock Index CFDs).
Details on the markup/down applied to your CFDs positions are visible in the trading conditions of each CFD product. The historical CFD financing costs can be accessed under "Historic Reports > CFD Finance Details" on the platform.
Administrative charges
Administrative charges may apply in addition to fees.
Important
Cornèrtrader may periodically and without notice:
- review the fee profile and apply other conditions if trading or financing requirements are no longer met.
Frequently asked questions
How and where can I find the best financial researches on the web?
By opening a real account with Cornèrtrader, you’ll be able to access a wide variety of market researches and financial analyses which can help you build your trading strategy. You’ll also be able to take advantage of training material, which you can use to best evaluate your action plans for tackling the financial markets.
Who provides valid/good financial researches?
As a Cornèrtrader client, you’ll have access to financial analyses, market commentaries and research covering a large number of financial instruments, including medium and big-cap stocks, indexes, currencies and commodities. You’ll also have the following benefits at your fingertips:
-
Twice daily bulletin updates – the first goes out when the market opens in the morning and the second in the afternoon.
-
Short, medium and long-term trading signals on more than 700 financial products, including Forex, indexes, stocks and commodities – all accessible from the platforms.
What is/are the best financial research/market insights?
With Cornèrtrader, you’ll receive daily trading signals (twice a day: in the morning and early afternoon), which will help you to build your strategy in an increasingly thorough and effective way.
Contact us and sign up now to our daily news to receive free trading signals by email
In addition, Cornèrtrader allows you to access continuously updated financial researches and market analyses that are based on three main types of analysis:
-
Fundamental analysis
-
Technical analysis
-
Momentum-based analysis