Fees

You pay one small fee when you open a trade and one when you close it. It is a fraction of a percent of the position size. On a $1,000 position it is roughly fifty cents to a dollar each way, depending on the market. There are no monthly charges, no inactivity fees, and nothing you are not shown before you tap confirm.

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How the trading fee is built

Every fill pays two parts, added together and shown as one number on the confirmation screen: Both are calculated on the full position size, not your margin. A $100 margin at 10x is a $1,000 position, so fees apply to $1,000.

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Exchange fee by market type

The exchange fee depends on two things: whether you are a taker (a market order, or any order that fills immediately) or a maker (a limit order that rests on the book before filling), and which kind of market you are trading. Growth Mode is a reduced-fee setting the exchange applies to newer market categories, including the stock, index, and commodity markets Alpha lists. It cuts the exchange fee on those markets by at least 90%, so on a Growth Mode market almost the entire fee you pay is Alpha’s flat 0.05%. Exchange rates above are the base tier. High-volume traders (over $5M in 14 days) receive lower exchange rates automatically. The exact fee for your order is always shown on the confirmation screen before you submit.

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Worked examples

Closing pays the same again on the size you close.

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Leverage fee

The hourly leverage fee (called the funding rate on other platforms) is separate from trading fees. It is a payment between long and short traders, not a fee collected by Alpha or the exchange. See Leverage fee.

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Deposit fees

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Withdrawal fees

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Liquidation fees

There is no separate liquidation fee. If a position is liquidated, the margin assigned to it is used to close the position. See Liquidations.

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Are there hidden fees?

No. Every trading, deposit, and withdrawal fee is shown on the confirmation screen before you commit. The public schedule is at tradealpha.app/fees.