Trading costs and charges

Find out more about what you’ll pay for your trading, and why, here.

Gotel Trading Fees & Charges

Competitive, Straightforward and with No Surprises

Gotel offers customers most of its services free of charge, and we are upfront with the few fees we do charge. There are no surprises. Our compensation is derived from our Bid/Ask spreads, which are among the tightest in the industry (based on internal monitoring).

Gotel offers customers most of its services free of charge, and we are upfront with the few fees we do charge. There are no surprises. Our compensation is derived from our Bid/Ask spreads, which are among the tightest in the industry (based on internal monitoring).

Additional Trading Fees

The fees below could be applied to your account, depending on your trading activity

Overnight Funding

An overnight funding amount is either added to or subtracted from your account when holding a position after

Guaranteed Stop Order

A unique order type used to help you manage risks by guaranteeing the stop loss level. If you choose to use this

Inactivity fee

A fee of up to USD 10 per month will be levied, should you not log in to your trading account for a period of at least

Overnight funding

Overnight funding is the fee you pay for keeping daily funded bets or cash CFD trades open past 10pm UK time. In this event we will make an interest adjustment to your account, to reflect the cost of funding your position.

To avoid paying overnight funding you might want to open a trade on a future or a forward contract.

Commodities

Formula for commodities overnight funding adjustment = nights held x (trade size x (basis* +/- Gotel charge**)).

*Formula for the basis = (P3 – P2) / (T2 – T1), where:

  • P2 = price of front future
  • P3 = price of next future
  • T1 = expiry date of the previous front future
  • T2 = expiry date of the front future

(Read about how we price our undated commodity markets to find out how the basis will affect your position.)

**Formula for the Gotel charge = undated mid price x 2.5% / 365. The undated mid price is a snapshot of the mid price of the cash CFD on the relevant date. If you pay the basis on your trade, the Gotel charge figure is added; if you receive the basis, it’s subtracted.

Indices

  • Formula for indices overnight funding charge = Nights held x (market closing price x trade size x (admin fee* +/- LIBOR)) / 365.
  • *Our admin fee is 2.5% for standard CFD contracts, and 3% for minis. If you’re long, you pay LIBOR (or the equivalent interbank rate). If you’re short, you receive it.

Shares

  • Formula for shares overnight funding charge = nights held x (market closing price x trade size x (2.5% +/- LIBOR*)) / 365.
  • *If you’re long, you pay LIBOR (or the equivalent interbank rate). If you’re short, you receive it.

Forex

  • Formula for forex overnight funding charge = nights held x (tom next* rate including annual admin fee**) x trade size.
  • *We take our tom-next rate from the underlying market.
  • **Formula for annual admin fee = EITHER cash mid price x 0.8% for mini contracts cash mid price x 0.3% for CFD standard contracts.

Deposits and Withdrawals

We Don’t Charge Deposit and Withdrawal Fees!

As part of our commitment to offer the best trading conditions available, we cover most payment processing fees. On rare occasions, you may incur fees when transferring money to and from your Plus500 account2. These are determined and levied by your payment issuer or bank, and not by Plus500.

Learn more

Open an account

Fill in our simple online form

We’ll ask a few questions about your trading experience

Get swift verification

We can usually verify your identity on the same day

Fund your account and trade

Or practise on a risk-free demo if you’d prefer.

Guaranteed Stop Premiums

You can protect your position against slippage with a guaranteed stop, paying only a small premium if your guaranteed stop is triggered. The potential premium is displayed on the deal ticket, and can form part of your margin when you attach the stop. Please note that premiums are subject to change, especially going into weekends and during volatile market conditions.

See the price of guaranteed stops for some of our most popular market below.

Have a question?

Frequently Asked Questions

What are your dealing hours?

Our offices are normally open 24 hours a day between 11pm on Sunday (9pm for forex) and 10.15pm on Friday night (London time).

Dealing hours vary between markets, but standard UK market hours are 08.00-16.30 (London time).

How does overnight funding work?

When you trade CFDs with us, you trade on margin. This means you provide only a deposit to open a position, and we in effect lend you the rest of the money required. If you close your position on the same day, there is no funding fee. If you keep it open overnight, we charge a small fee to cover the cost of the money you’ve effectively borrowed.

For share and stock index trades, our funding fee is comprised of our admin fee plus or minus the relevant interbank rate for the currency in which the underlying instrument of your trade is denominated (depending on whether your position is long or short).

For forex and spot metals trades, it is the tom-next rate plus a small admin fee.

For futures markets there is no overnight funding fee because the cost of funding is built into the spread.

Is there a currency conversion charge?

CFDs traded in a currency other than your account’s base currency may incur a currency conversion charge. Our default setting is instant conversion, where foreign-currency profit is converted to your base currency and funding, commission and dividend charges are taken into account before your account is credited. We also offer daily, weekly and monthly conversion settings. Our standard charge is 0.5%.

Do you offer guaranteed stops?

When you have a guaranteed stop attached to your position, we apply a small fee if it's triggered. For shares, for example, this is 0.3% of the underlying transaction value.

What are interbank and tom-next rates?

The interbank rate is the interest rate charged between banks for short-term loans. It is a key indicator for other interest rate charges, which is why we use it as a basis for calculating our overnight funding fees for your share and stock index trades.

Tom-next is the rate used to calculate the funding adjustment when a forex position is held overnight. It is an industry-standard rate, derived from the interest rate differentials of the pair’s currencies and market expectations of interest rate change.

Are there any account fees?

WOnly if you haven’t placed any deals on your CFD account for two years or more, and there is still a balance on your account. We’ll then charge a £12 fee on the first day of every month.

If you do not find the answer to your question listed within our FAQ's, you can always contact us directly at SUPPORT@GOTELTELECOM.COM

* Based on revenue excluding FX (published half yearly financial statements, June 2019). While leverage magnifies profits, it will also magnify losses. Guaranteed stops incur a small premium if triggered.

Remember that CFDs are a leveraged product and can result in the loss of your entire capital. Trading CFDs may not be suitable for you. Please ensure you fully understand the risks involved.

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