Fees

Fees and Trading Conditions At Creedbit. We aim to provide the most competitive fees and trading conditions. We charge 3 types of fees: trade fees incurred when performing a trade, funding (financing) and Withdrawal fees. Funding (financing) is the interest payment (cost) for borrowing Creedbit assets to leverage trades. Funding rates are directly related to the current ratio of Longs to Shorts and underlying market volatility. Financing costs are due every 8 hours. If a position is closed before the funding cut-off time, it will not be charged financing at all. When an order is executed on the market it will be charged as a Trade Fee, either a Maker fee or a Taker fee: Maker fee is charged when adding liquidity to the order book by placing a delayed order that is not matched immediately against an order on the order book: i.e Limit orders placed below the current price for a BUY order or above the current price for a SELL order. This includes conditional Take Profit orders. Taker fee is charged when removing liquidity from the order book by placing an order that is matched immediately against an order already on the order book: i.e Market orders or conditional orders that convert to a market order when executed, such as a Stop Loss or a Stop Market order. Trading Platform Fee: The trading platform fee is a flat fee on account and it is different from Trade fees. Trade fees are incurred when performing a trade while a Trading platform fee is a flat fee charged on accounts that profited above $5,000.00.