House of Borse Fees and Spreads

 

A House of Borse fees and spreads Review

 

House of Borse Fees and Spreads

 

House of Borse  fees spreads and commissions start from $3.00 with spreads from 0.0 pips.

House of Börse has a low and incredibly competitive spread when compared to what other brokers offer by offering a spread list which starts from 0.0 pips along with commissions charged from $3when using the Platinum Trader Account.

House of Börse trading fees are according to the type of account that the trader chooses and the options along with the spread list, leverage, minimum deposit required, and commissions.

Traders have a choice between the Silver Trader, Gold Trader and Platinum Trader account, with each account based on the volumes traded per month in addition to respective commissions charged, which can be viewed as follows:

  • Silver Trader – less than 100 million traded per month with $4 commissions per side, per $100k traded.
  • Gold Trader – up to 1 yard traded per month with $3.5 commissions per side, per $100k traded.
  • Platinum Trader – more than 1 yard traded per month with $3 commissions per side, per $100k traded.

All accounts have competitive spreads with leverage of up to 1:100 and in addition, all account types are subjected to the ECN Execution type.

 

Other Fees

 

Traders should note that certain financial instruments can only be traded during a certain time of the day, especially when considering different time zones, and additional fees may be charged should they hold these positions after they have closed.

Traders should always note that Overnight fees, otherwise known as swap fees or rollover fees, may be charged for positions held open for longer than a day. There is no indication whether House of Börse charges these fees.

House of Börse offers the option of an Islamic account to traders who are of Muslim faith and who operate under the Sharia Law. Traders opting for this option need to take note that there are additional management fees.

These management fees range between $8.5 to $90 per lot only on spot and cash financial instruments, there is no fee charged on Futures markets. These fees are charged on a daily basis and apply to both long and short positions.

House of Börse does not offer traders with spread betting and therefore spread betting fees are not applicable to this broker.

 

Broker Fees

 

House of Börse’s deposit fees charged depend on the type of Credit/Debit Card the trader uses when opting for this payment method, and when using Bank Wire Transfer there is an incoming bank fee.

There is no indication whether withdrawal fees charged, but traders are advised to consult with their payment provider should they waive fees of their own.

There is no mention of any additional broker fees such as inactivity fees or fees pertaining to account maintenance and management, but there may be additional fees which have not been included in this article that traders will have to verify with House of Börse.

 

Pros and Cons

 

PROS CONS
1.      Tight and competitive spreads 1.      Substantially high minimum deposit
2.      No withdrawal fees  
3.      Commissions on trades depend on the account and volume traded  

 

FAQ

 

How many instruments can I trade with House of Borse?

You can trade the following instruments:

  • Forex
  • Indices
  • Commodities, and
  • Equities

 

Which platforms are supported by House of Borse?

House of Börse provides the following popular trading platforms:

  • MetaTrader 4
  • MetaTrader 5
  • Mobile Trading
  • FIX API

 

Does House of Borse offer leverage?

Yes.

House of Börse offers a maximum leverage of up to 1:100.

 

What spreads can I expect with House of Borse?

Spreads from as little as 0.0 pips.

 

Does House of Borse charge commission?

Yes.

Commissions are charged from $3 per side when using the Platinum Trader account, $3.5 per side when using the Gold Trader, and $4 per side when using the Silver Trader.

Commissions are determined by the type of account as well as the volume traded per month.

 

Is House of Borse regulated?

Yes, House of Börse is regulated by the highly reputed FCA in the UK.

 

Is House of Borse a recommended forex trading broker for experts and beginners?

No, House of Börse is a broker that does not caters for beginners, but only for expert traders who trade high volumes.

 

What is the overall rating out of 10 for House of Borse?

8/10