Trading Costs

Spread, Margins and Commissions

We don’t add any pricing markups, instead a commission is charged per lot.
To view our adaptive discount scheme please click here.

Symbol Commissions (Per million USD volume) Spread From Avg. Spread Max Leverage
AUD/USD AUD/USD As low as 17.5 35 0.1 0.1 0.4 0.4 1:500 1:500
EUR/GBP EUR/GBP As low as 17.5 35 0.1 0.1 0.4 0.4 1:500 1:500
EUR/USD EUR/USD As low as 17.5 35 0.0 0.0 0.2 0.2 1:500 1:500
GBP/USD GBP/USD As low as 17.5 35 0.2 0.2 0.6 0.6 1:500 1:500
USD/JPY USD/JPY As low as 17.5 35 0.0 0.0 0.3 0.3 1:500 1:500

Please Note: Leverage for RUB crosses is 1:50, CHF crosses 1:100 CNH 1:50 | DKK, HKD & SGD 1:25 | ZAR 1:100, TRY: 1:100

Symbol Commission (% of trading volume) Leverage
Australia 200 Australia 200 0.01% 0.02% 1:100 1:100
Europe 50 Europe 50 0.01% 0.02% 1:100 1:100
France 40 France 40 0.01% 0.02% 1:100 1:100
Germany 30 Germany 30 0.005% 0.01% 1:100 1:100
Hong Kong 50 Hong Kong 50 0.01% 0.02% 1:100 1:100
Italy 40 Italy 40 0.01% 0.02% 1:100 1:100
Japan 225 Japan 225 0.01% 0.02% 1:100 1:100
Netherlands 25 Netherlands 25 0.01% 0.02% 1:100 1:100
Spain 35 Spain 35 0.01% 0.02% 1:100 1:100
Switzerland 20 Switzerland 20 0.01% 0.02% 1:100 1:100
UK 100 UK 100 0.005% 0.01% 1:100 1:100
US 30 US 30 0.005% 0.01% 1:100 1:100
US 500 US 500 0.005% 0.01% 1:100 1:100
US 2000 US 2000 0.005% 0.01% 1:100 1:100
US TECH 100 US TECH 100 0.005% 0.01% 1:100 1:100
Country Commission (% of trading volume) Leverage
Australia Australia 0.05% 0.10% 1:10 1:10
Euro Euro 0.05% 0.10% 1:10 1:10
Hong Kong Hong Kong 0.05% 0.10% 1:10 1:10
Japan Japan 0.03% 0.06% 1:10 1:10
Singapore Singapore 0.11% 0.22% 1:10 1:10
Switzerland Switzerland 0.05% 0.10% 1:10 1:10
UK UK 0.05% 0.10% 1:10 1:10
US US 0.01 * 0.02% * 1:10 1:10

* Commission in USD per lot

Commission (USD per 1 lot) Leverage
0.01 0.02 1:10 1:10
Commission (USD per 1 lot) Leverage
0.01 0.02 1:10 1:10
Name Contract Value Commission (USD per million USD Volume) Max Leverage
XBR/USD XBR/USD 1000 barels 1000 barels As low as 17.5 35 1:100 1:100
XTI/USD XTI/USD 1000 barels 1000 barels As low as 17.5 35 1:100 1:100
XNG/USD XNG/USD 10000 MMBtu 10000 MMBtu As low as 17.5 35 1:100 1:100
Name Contract Value (oz) Commission (USD per million USD Volume) Leverage
XAU * XAU * 100 100 As low as 17.5 35 1:200 1:200
XAG * XAG * 5000 5000 As low as 17.5 35 1:100 1:100
XPD / USD XPD / USD 100 5000 As low as 17.5 35 1:14 1:14
XPT / USD XPT / USD 100 5000 As low as 17.5 35 1:14 1:14

* Available against USD and EUR

What is Margin?

Margin allows you to gain full market exposure but only with a fraction of the investment capital you would normally require

Because CFDs are leveraged products, only a small amount from your capital is required in order to open your position.

What is a Margin Call?

A margin call occurs when, for example, a position you have is going against you. The Margin call will occur when a trading account no longer has enough equity to support the open trades.

Example: If you are using 200:1 leverage and you have a $20 account and use $10 to open a position, your trade size on the market would be $2000. Each pip would be worth approx. 20 cents. If the market moved against you by 50 pips, that would be a floating loss of $10.

Since $10 are required to keep your trade open, at a floating loss of $10.01, you will no longer have enough margin to keep your trade open and a margin call will occur. A margin call means that your broker might close your position to further protect your account.

The margin call at kawase is at 50%

What is the Stop-Out Level?

“Stop-Out” level means when the margin level of your account falls to or below a specifiedamount and your trades are automatically closed. Stop Out levels help protect your equity andprevent your account from falling into a negative balance.

The stop out level at Kawase is 35%

Open a demo account with Kawase and practice your trading skills risk-free:

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