XCore Pricing (Draft)
Each Live XCore is charged a monthly fee based on the maximum (not the sum) of Instance Fees, Connectivity Fees, Volume Fees and Transaction Fees:
Live XCore Fee = Max (Instance Fees, Connectivity Fees, Volume Fees, Transaction Fees)
The total monthly fee is the sum of all Live XCore Fees:
Total Fee = Sum (Live XCore Fee)
Instance, Connectivity, Volume, and Transaction Fees are different fee groups defined below.
1. Instance Fees
Each XCore instance is charged a fixed monthly fee. The Instance Fees are the sum of all such fees.
| Fee Group | Item | Price | Description |
|---|---|---|---|
| Instance Fee | XCore | $2000 | Each XCore instance is charged a fixed monthly fee of $2000. |
2. Connectivity Fees
Connectivity Fees are charged monthly and consist of Maker Fees, Taker Fees, and Giveup Fees, which are the sums of all Maker, Taker, and Giveup connectivity fees, respectively. Connectivity Fees are calculated as the sum of Giveup Fees and the maximum (not the sum) of Maker Fees and Taker Fees:
Connectivity Fees = Other Fees + Max(Maker Fees, Taker Fees)
| Fee Group | Type | Item | Price | Description |
|---|---|---|---|---|
| Connectivity Fee | Maker | FIX | $600 | Connectivity via each FIX Maker is charged a fixed monthly fee of $600. Included are one pricing and one trading connection. |
| Taker | MT4/5 | $1200 | Connectivity via each MT4 or MT5 Taker is charged a fixed monthly fee of $1200. Included are one pricing and one trading connection, one bridge and one feeder. | |
| FIX | $100+ | Connectivity via each FIX Taker is subject to a minimum monthly fee of $100. This fee includes one pricing connection with a single stream and one trading connection. Additional streams are available at an extra cost of $50 per stream. | ||
| BIN | $100 | Connectivity via each Binary Taker is charged a fixed monthly fee of $100. Included are one pricing and one trading connection. | ||
| Giveup | FIX | $400 | Post trade interfaces are charged a fixed monthly fee of $400 per each connection. |
3. Volume Fees
Executed volume is charged as a monthly fee and measured in millions of USD notional ([M]). Fiat Fees and Crypto Fees are the sums of all fiat- and crypto-based volume fees, respectively. Volume Fees are the discounted total of these fees:
Volume Fees = (Sum(Fiat Fees) + Sum(Crypto Fees)) × Discount(Reference Volume)
Discount(Reference Volume) is a function that takes the Reference Volume as input and returns a percentage discount, which increases as the trading volume grows. For further details, please refer to the Volume Fee Discount Calculator at the bottom of this page. By default, the Reference Volume is the total executed incoming volume for a specific XCore instance. However, brokers may opt to group up to three XCore instances, in which case the Reference Volume is the sum of the Reference Volumes for all grouped XCore instances. Grouping allows brokers with multiple XCore instances to benefit from an elevated discount level, which is applied uniformly across all grouped XCore instances.
| Fee Group | Type | Item | Price | Description |
|---|---|---|---|---|
| Volume Fees | Fiat | Margin Fee | 0.50 [USD/M] | A Margin Fee of 0.50 [USD/M] is charged on the total executed fiat-based trading volume booked to each margin account. |
| Execution Fee | 1.00 [USD/M] per side | An Execution Fee of 1.00 [USD/M] per side (incoming/outgoing) is charged on the total executed fiat-based trading volume. For XCore-to-XCore or Internalized (B-book) volume, only one side is charged. | ||
| Crypto | Margin Fee | 2.50 [USD/M] per side | A Margin Fee of 2.50 [USD/M] is charged on the total executed crypto-based trading volume booked to each margin account. | |
| Execution Fee | 5.00 [USD/M] per side | An Execution Fee of 5.00 [USD/M] per side (incoming/outgoing) is charged on the total executed crypto-based trading volume. For XCore-to-XCore or Internalized (B-book) volume, only one side is charged. |
4. Transaction Fees
Transaction Fees shall be charged monthly according to the below Transaction Fee Schedule and are the sum of all such fees. Orders are expressed in units. “TX” denotes the count of executed orders with non-zero fill size for a distinct Taker Connectivity Interface. “TC” represents the fixed cost per filled order.
Transaction Fee Schedule :
| Fee Group | Item | Formula | Description |
|---|---|---|---|
| Transaction Fees | Taker Transaction Fees | TX * 0.0025 USD | Taker Transactions (TX) are the count of executed orders with non-zero fill size. |