Accounts
What a trade costs and how it is executed
The terms below are the ones in the Customer Agreement you sign. Each one is cited to its clause, so you can check the page against the contract rather than take it on trust.
Two accounts
The difference is where the cost sits. On Standard it is mostly in the price you trade at; on Raw ECN it is a stated commission against a raw spread.
| Account | Spread | Commission |
|---|---|---|
| Standard | Spread only | Low commission |
| Raw ECN | Raw spreads | From $0.20 |
Commission by market
In US dollars, per contract per side. The Standard column is the Raw ECN column divided by seven.
| Market | Standard | Raw ECN |
|---|---|---|
| Foreign exchange | $0.50* | $3.50* |
| Indices | $0.05* | $0.35* |
| Commodities | $0.05* | $0.35* |
| Crypto | $0.03* | $0.20* |
*CFDs commission is quoted per contract per side.
*Artemisia markets is a Financial Service Provider (pure agency broker charging commission only, raw spreads are charged by our ODPs)
How your order reaches the market
Artemisia Markets is an intermediary. You place an order in the terminal, the firm transmits it, and a separately licensed product supplier issues the contract and stands as counterparty to it. The firm does not take the other side of your trade, does not deal on its own account and does not run a dealing desk.
Because the firm is not the counterparty, it does not profit when you lose. It is paid a commission on the transaction, disclosed below, and by the arrangements set out in the Customer Agreement.
The price you see
The firm applies no mark-up to the bid or offer price, and takes no share of any mark-up applied by anyone else. The price in the terminal is the price the firm receives, and the firm’s charge sits alongside it as a commission rather than inside it as a wider spread.
This is a term of the contract, not a policy that can be changed quietly. A published table of typical spreads will follow once the firm has its own executed volume to measure. Until then no spread figure appears here, because a spread quoted from someone else’s feed would describe someone else’s execution.
Margin, and what happens when it runs out
Keeping the account adequately margined is the client’s responsibility. The firm is not obliged to make a margin call, and you should not trade on the expectation of receiving one. A call made as a courtesy on one occasion does not commit the firm to making another.
If the account is not adequately margined the firm may close open positions, beginning with the largest losing position and working down to the smallest. It may also change margin requirements and available leverage at its own discretion, and close positions that no longer meet the changed requirement.
Monitor the margin level in the terminal. If anything about how margin affects your account is unclear, ask before you trade rather than after.
Other charges
Where a deposit or withdrawal carries a bank, card or intermediary charge, that charge is yours. The firm also passes on incidental banking fees it incurs on your account, and may waive any of them at its discretion.
The firm may pay a rebate or commission to an introducing broker who introduced you. The amount depends on the type and volume of your trading and is available to you on request.
The numbers
None of these is set yet. They are listed rather than omitted so that a reader looking for one knows it is missing and not merely hidden.
- Maximum leverage
- 1:100
- Liquidation level
- 100%
- Minimum opening deposit
- Not published yet
A figure appears here when the firm has set it and the supplier has agreed to support it. Nothing is carried across from another broker’s published terms.
Read the contract
Every term on this page comes from the Customer Agreement. Ask the firm for a copy before you open an account, so that you can read the clauses these statements are drawn from.