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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

Cost categories, who charges them and the source
CategoryCharged byAmount or methodConditionsSource
RegisteringNo one£0Free; no deposit with ZeniteriThis page
Zeniteri workspace and toolsZeniteri£0 (free)Free of charge to the userThis page
Account funding (deposit)Not a fee: your own capital, held by the brokerSet by the brokerAt risk; not a software priceIG Markets Limited charges
Spreads, commissions, financingThe broker (IG Markets Limited, United Kingdom)Broker’s published scheduleVary by product and by how long a position is heldIG Markets Limited charges
WithdrawalsThe brokerBroker’s published termsTiming and any charges depend on the method usedIG 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.

Three layers of costThree stacked layers. Top: Zeniteri software, free. Middle: your capital, held by a broker and at risk. Bottom: running trading costs charged by the broker. Software: £0Zeniteri workspace and tools are freeYour capitalHeld by the broker. At risk. Not a fee.Trading costsSpreads, commissions and financing, set by the broker

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?
Yes. Access to the workspace and the tools on this site is free (£0), and registering is free. Zeniteri earns a referral fee from a partner broker if you choose to open an account through them; that is explained on the About page.
Do I have to deposit anything with Zeniteri?
No. Zeniteri is a software company and does not hold client money, so there is no deposit with us. Deposits, trading fees and withdrawals are set by the broker you choose to open an account with.
Is a deposit a fee?
No. A deposit is your own money, placed with a broker, and it is at risk. It is not a software price and not a benefit of the product.
Where do I find the broker’s fees and withdrawal terms?
For the United Kingdom, they are published by IG Markets Limited: charges and withdrawals. Read them in full before opening an account.
Can I cancel or have my details deleted?
Yes, at any time and free of charge. Use the contact page or email [email protected].

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