Fees

Sheer Markets offers 4 types of accounts to its customers

Accounts that offer our customers to cover a low spread and charge no commission.

Accounts that charge a small fee per side instead of spread for trading FX and NDF CFDs

Overnight rates for index CFDs are based on the one month interbank rate of the country of index. Plus 2.5% on buy (long positions) and minus 2.5% on sell (short positions). This is applicable and charged for buy (long) and credited for sell (short) positions unless the one month interbank rate is equal or less than 2.5%. In this situation the sell (short) position may incur a charge also.

Example

Microsoft MSFT.xnas bought (long) 2,500 shares @ 215.12 = 538,000 USD

Held for one interest day.

Applicable interbank rate plus 2.5% markup = 2.643% over 360 day period

538,000 x 2.643%    =  14,219.34 / 360 = 39.50 USD

39.50 USD is the overnight holding charge for 538,000 USD worth of MSFT equity.

Commissions Applicable to Stocks

Exchange	Market	Execution Fees	Unit
EURO STOXX 50®	EUROPE	15	bps
DAX PEFORMANCE INDEX	EUROPE	15	bps
STOXX® Europe 600	EUROPE	15	bps
NASDAQ-100	US	0.05*	USD/share
Dow Jones Industrial Average	US	0.05*	USD/share
S&P 500	US	0.05*	USD/share
FTSE 100 Index	UK	15	bps

*Min Excecution Fee on US Stocks $10.00

A swap is only charged when you keep a position open overnight. Also known as "rollover fee," it is calculated by whether you are "Long' (BUY) or "Short" (SELL) and represents the interest rate differential between the two currencies of the pair you are trading.

Scenario for a USD Trading Account:

Position: Long (BUY) 1 Lot EUR/GBP

Duration: 1 Overnight

Swap Rate (from table) : 0.303 GBP

Reference rate (rate at close day): 1.35313 GBPUSD

Calculation per example: 1.35313*0.303= 0.41 USD Cost to Client for holding the position over night

	Short Positions	Long Positions
AUDCAD	-0.197	0.197
AUDCHF	-0.284	-0.023
AUDDKK	-1.971	0.694
AUDHUF	-0.64	1.27
AUDJPY	-0.185	0.108
AUDNOK	-1.599	2.122
AUDNZD	-0.22	0.272
AUDPLN	-0.907	0.671
AUDSEK	-2.331	1.358
AUDSGD	-0.315	0.394
AUDUSD	-0.087	0.167
CADCHF	-0.296	-0.025
CADJPY	-0.192	0.112
CHFDKK	-1.295	2.561
CHFHUF	-0.153	2.646
CHFJPY	-0.002	0.414
CHFNOK	0.004	5.381
CHFPLN	-0.359	1.924
CHFSEK	-1.213	4.126
CHFSGD	-0.118	0.917
EURAUD	-0.051	0.557
EURCAD	-0.047	0.53
EURCHF	-0.272	0.109
EURCZK	1.367	1.691
EURDKK	-1.889	2.134
EURGBP	0.004	0.303
EURHKD	-1.071	4.697
EURHUF	-0.402	2.553
EURILS	-0.981	2.306
EURJPY	-0.083	0.343
EURMXN	22.889	42.958
EURNOK	-0.7	4.901
EURNZD	-0.054	0.675
EURPLN	-0.682	1.697
EURRUB	77.073	145.782
EURSEK	-1.982	3.589
EURSGD	-0.231	0.855
EURTRY	24.119	37.184
EURUSD	0.067	0.431
EURZAR	18.949	29.444
GBPAUD	-0.368	0.313
GBPCAD	-0.35	0.294
GBPCHF	-0.511	-0.084
GBPDKK	-3.534	0.962
GBPHUF	-1.141	2.162
GBPJPY	-0.33	0.147
GBPMXN	20.965	43.39
GBPNOK	-2.841	3.421
GBPNZD	-0.39	0.425
GBPPLN	-1.62	1.04
GBPSEK	-4.171	2.055
GBPSGD	-0.563	0.651
GBPTRY	25.188	39.783
GBPUSD	-0.152	0.255
GBPZAR	17.672	29.402
HKDJPY	-0.055	0.03
NOKJPY	-0.04	0.02
NOKSEK	-0.458	0.236
NZDCAD	-0.231	0.186
NZDCHF	-0.299	-0.021
NZDHUF	-0.708	1.2
NZDJPY	-0.21	0.103
NZDSGD	-0.343	0.372
NZDUSD	-0.117	0.158
PLNJPY	-0.076	0.072
SEKJPY	-0.03	0.036
SGDJPY	-0.34	0.198
TRYJPY	-0.536	-0.342
UKOUSD	0.603	1.025
USDCAD	-0.298	0.155
USDCHF	-0.409	-0.112
USDCNH	3.101	8.255
USDCZK	-1.441	0.929
USDDKK	-2.832	0.4
USDHKD	-2.433	2.232
USDHUF	-0.941	1.473
USDILS	-1.488	1.197
USDJPY	-0.275	0.056
USDMXN	15.296	31.699
USDNOK	-2.381	2.111
USDPLN	-1.322	0.588
USDRUB	49.926	105.908
USDSEK	-3.374	1.102
USDSGD	-0.46	0.422
USDTHB	-1.721	1.569
USDTRY	18.812	29.629
USDZAR	12.937	21.393
USOUSD	0.807	1.203
XAGEUR	-0.079	0.017
XAGSGD	-0.111	0.141
XAGUSD	-0.039	0.069
XALUSD	2.161	10.402
XAUAUD	-5.528	6.05
XAUCNH	60.099	169.373
XAUEUR	-5.543	0.931
XAUGBP	-2.533	3.256
XAUSGD	-8.291	10.834
XAUTRY	355.832	573.82
XAUUSD	-2.382	4.814
XCUUSD	5.105	27.557
XNGUSD	0.758	0.776
XNIUSD	37.095	93.545
XPBUSD	16.03	24.17
XPDUSD	-17.216	14.864
XPTUSD	-4.211	4.754
XZNUSD	18.743	28.984
ZARJPY	-0.102	-0.063

Disclaimer: The above market rates are subject to change from time to time without prior notice due to market conditions

Commissions Applicable to NDF CFDs

NDF CFD	SHEER CLASSIC	SHEER CLASSIC PLUS	SHEER PRIME	SHEER PRIME PLUS
USD/BRL	Competitive Spread	Competitive Spread	USD 5 per Lot per side	USD 4.5 per Lot per side
USD/CNY	Competitive Spread	Competitive Spread	USD 5 per Lot per side	USD 4.5 per Lot per side
USD/IDR	Competitive Spread	Competitive Spread	USD 5 per Lot per side	USD 4.5 per Lot per side
USD/INR	Competitive Spread	Competitive Spread	USD 5 per Lot per side	USD 4.5 per Lot per side
USD/KRW	Competitive Spread	Competitive Spread	USD 5 per Lot per side	USD 4.5 per Lot per side
USD/TWD	Competitive Spread	Competitive Spread	USD 5 per Lot per side	USD 4.5 per Lot per side

Rates Applicable to Cryptocurrency Pairs offered by Sheer Markets

Crypto Name	Spread	Long Position	Short Position
BTCUSD	Raw	45% finance paid	0% finance received
ETHUSD	Raw	45% finance paid	12.5% finance received
LTCUSD	Raw	37.5% finance paid	0% finance received
BCHUSD	Raw	37.5% finance paid	0% finance received

Disclaimer: The above market rates are subject to change from time to time without prior notice due to market conditions

Dormancy Fee

An account with a positive credit balance is considered to be dormant if it has exhibited no activity over a period of 6 months. Dormant accounts with positive credit balances will be charged a €10 maintenance fee per month.