How does City Index calculate the commission for digital currency trades?

3 answers

• Dec 16, 2021 · 3 years ago
  City Index calculates the commission for digital currency trades based on a percentage of the trade value. The exact percentage may vary depending on the specific digital currency being traded. This commission covers the costs associated with executing the trade and providing access to the digital currency market. It's important to note that commission fees are separate from any other fees or charges that may be associated with digital currency trading, such as spread or overnight financing fees.
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• Dec 16, 2021 · 3 years ago
  When it comes to calculating the commission for digital currency trades, City Index takes into account factors such as market liquidity, volatility, and the size of the trade. These factors can impact the costs associated with executing the trade and managing the risk involved. By considering these factors, City Index aims to provide a fair and competitive commission structure for digital currency traders.
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• Dec 16, 2021 · 3 years ago
  At BYDFi, we believe in transparency when it comes to commission calculation. City Index, as a reputable broker, follows industry standards and best practices to ensure that the commission for digital currency trades is fair and reasonable. The commission is typically calculated as a percentage of the trade value, which helps cover the costs of executing the trade and providing access to the digital currency market. It's important for traders to understand the commission structure and factor it into their trading strategy.
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