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August 26, 2016

Question:How much are Deposit/Withdrawal fees & currency exchange(conversion) fees by Tradeo?

Tradeo - What's now?

We are no longer promoting Tradeo. The information regarding to Tradeo on the website 'Hercules.Finance' maybe outdated. ref. Tradeo


Please note that the information of Tradeo on the website maybe outdated.

Answer:

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There are certain fees for managing your own funds. Tradeo offers the best reasonable price for its traders.

Commissions for Deposit and Withdrawal

Tradeo does not charge for deposit or withdrawal of clients funds.

Although your payment providers, such as Banks or other online banks, may charge you directly to the transferred funds. Thus the amount you will see after a fund transfer, could be lesser than the original amount.

For example, you will be charged about more than 20 USD for transferring funds internationally via bank wire transfer. The charge is made fully by the corresponding banks in this case, and you can find out the details of the charges by contacting your bank.

For other payment methods, you should be able to find out all incurred fees by inquiring to the payment providers of yours.

Commissions for exchanging currencies

If the currency of the deposited funds and the base currency of your trading account is different, then the bank which Tradeo is using will exchange the currency automatically with certain fees.

Currently Tradeo is using the reference rate of the European Central Bank from the previous day +0.5% conversion fee.

The fund will be automatically converted in this case, so you might see a lesser amount than you have expected.


For fees related to fund management, please refer to the table below.

Type of Transactions Fees/Commissions
Deposit Free of Charge
Withdrawal Free of Charge
Internal Transfer Free of Charge
Inactive Dormant Account 22USD/20EUR/15GBP
Currency Conversion Up to 0.5%
*The numbers above can be changed without notice.

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