Costs & access
Understand what you might pay, to whom and why
Trading software rarely has one price. Costs come from different parties for different reasons, and mixing them up is the easiest way to misjudge what something really costs. This page separates them and links to the sources.
01 · Three kinds of cost
Software, funding and broker fees
Software. Access to the Zeniteri workspace and the tools on this site is free (£0), and so is registering. There is nothing to pay Zeniteri to use them.
Account funding. This is the money you place with a broker in order to trade. It is your capital rather than a fee, and you can lose it. Zeniteri takes no deposit and does not hold client money, so no deposit is made with us.
Broker fees. The broker charges for trading: spreads, commissions, financing charges for positions held open, and sometimes charges for deposits or withdrawals. They vary by product and are set out in the broker’s own documents.
A free tool should never be read as a sign that trading itself is free.
02 · At a glance
Who charges what
| Category | Charged by | Amount or method | Conditions | Source |
|---|---|---|---|---|
| Registering | No one | £0 | Free; no deposit with Zeniteri | This page |
| Zeniteri workspace and tools | Zeniteri | £0 (free) | Free of charge to the user | This page |
| Account funding (deposit) | Not a fee: your own capital, held by the broker | Set by the broker | At risk; not a software price | IG Markets Limited charges |
| Spreads, commissions, financing | The broker (IG Markets Limited, United Kingdom) | Broker’s published schedule | Vary by product and by how long a position is held | IG Markets Limited charges |
| Withdrawals | The broker | Broker’s published terms | Timing and any charges depend on the method used | IG Markets Limited withdrawals |
03 · An example
Why the spread matters
An illustrative example, not a price from any broker. Suppose you can buy a unit at 100.10 and sell it at 100.00. The 0.10 gap is the spread. If you buy 125 units and close the position straight away, you lose about 125 × 0.10 = €12.50 before price has moved at all, assuming each unit is worth €1.00 per 1.00 of price movement.
That small sum is a good reason to keep every cost in view. Costs reduce what you keep from a gain and add to what you lose when a trade goes against you, which is why the recovery lens says its figures would be higher once costs are included.
04 · Putting it together
How the costs fit into one picture
Think of three layers. The top layer is any price for the software, which for Zeniteri is nothing. The middle layer is the money you commit as capital, which you hope to keep and may lose. The bottom layer is the running cost of trading: spreads, commissions and financing. Only the first is a price for Zeniteri; the other two depend entirely on the broker that holds your account.
When comparing options, compare all three layers, not just the headline figure. A tool with no charge can still sit on top of expensive trading, and a broker with low costs is still a risk to your capital.
05 · Access and cancelling
Access, withdrawals and cancellation
Registering and using the tools needs no payment. You may cancel your registration, withdraw consent and ask for your details to be deleted at any time, free of charge, through the contact page or at [email protected].
Terms for depositing and withdrawing money belong to the broker that holds your account, so we link to them rather than paraphrase them. Availability depends on your location and on the broker’s terms, and may change. At present the broker arrangement covers the United Kingdom only.
06 · Before you commit
Questions worth asking any broker
Whoever you choose, ask for the full schedule of charges in writing. Ask how the spread behaves when markets are busy, what financing costs apply overnight, whether there are charges for withdrawing and how long withdrawals take, and how your money is protected if the broker fails. A broker that answers clearly and links to its documents is behaving better than one that does not.
07 · Questions
Cost questions
Is Zeniteri free?
Do I have to deposit anything with Zeniteri?
Is a deposit a fee?
Where do I find the broker’s fees and withdrawal terms?
Can I cancel or have my details deleted?
Costs still unclear?
Ask us, or register your interest. It is free.