In prop trading at Upscale, fees play an important role in determining your net profit. Traders should account for the following types of charges:
- Fixed fees for opening/closing positions
- Spread
- Funding on held positions
π Position Opening/Closing Fee
Each time you open or close a position, a fee is charged. The fee size depends on the asset category and the challenge type.
πͺ Crypto
| Challenge Type | Action | Fee Rate |
|---|---|---|
| 1-Phase / 2-Phase | Open position | 0.008% |
| 1-Phase / 2-Phase | Close position | 0.008% |
| Turbo (Instant Funding) | Open position | 0.06% |
| Turbo (Instant Funding) | Close position | 0.06% |
ποΈ RWA (Forex & Commodity) / Indices
| Challenge Type | Action | Fee Rate |
|---|---|---|
| 1-Phase / 2-Phase | Open position | 0.0035% |
| 1-Phase / 2-Phase | Close position | 0.0035% |
| Turbo (Instant Funding) | Open position | 0.007% |
| Turbo (Instant Funding) | Close position | 0.007% |
π Spread
Spread is the difference between the ask price (the price at which you can buy an asset) and the bid price (the price at which you can sell it).
πΉ Simple example: If Bitcoin can be bought for $60,000 and sold for $59,950, the spread = $50.
πͺ Crypto β Dynamic Spread
The spread is dynamic and depends on:
- The selected trading pair
- Current market volatility
- Market depth
π Important:
When positions are opened 1 hour or more apart, the spread for BTC and ETH is zero; for other pairs the market spread applies.
If positions are opened less than 1 hour apart, the market spread applies when opening a BTC or ETH position.
When closing a position, the spread for BTC and ETH remains zero regardless of the interval.
ποΈ RWA β Spread
The spread on RWA assets is charged only when opening or increasing a position and does not depend on its size.
π± Forex β Fixed Spread
For all Forex pairs, a static spread of 0.0015% applies. It is fixed and does not change with market volatility.
π₯ XAU/XAG and Indices β Per-Operation Spread
For the XAU/USD, XAG/USD pairs and index markets, the spread rate depends on operation frequency. The count is tracked separately for each pair:
The first open or increase operation on a pair β a spread of 0.0015%.
Each subsequent open/increase operation on the same pair β the market (dynamic) spread.
The timer resets 60 minutes after the last open/increase operation on the pair. If no new opens or increases occur on that pair within those 60 minutes, the next operation again receives the 0.0015% rate.
π Spread data updates in real time and is visible in the trading terminal.
β‘ Don't forget to account for Funding on held positions β it's an important part of overall trading costs.
π The lowest fees in prop trading β keep more of what you earn!