Fees & Commissions

Fees and commissions: every charge priced, posted and explained

One fee engine prices every trade, every custody day and every service bill. The estimate a client sees comes from the same engine that posts the fee.

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In short

ZagTrader prices every trade in four layers: exchange and regulator charges, your brokerage commission, custodian fees and VAT. Schedules are set by market, product, client group and channel, with tiers, minimums and caps. Clients see the fee before they confirm, and each component posts to its own ledger account.

Built for: Brokers, custodians, wealth managers and asset managers
Covers: Commissions, market fees, custody and holding fees, VAT, rebates, invoices and subscriptions
Runs: As part of the ZagTrader platform, posting to the same general ledger

What a broker COO gets

Your price list, applied the same way on every trade and every bill.

Schedules that match your price list

Rates per market and product, banded by trade value, quantity or price. Flat or percentage, per ticket or per share, with minimums and a cap.

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The fee before the trade

Commission, VAT and total show on the ticket before the client confirms. The estimate comes from the same engine that posts the fee.

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Pricing by client, group and channel

Override the default for one client, a group or an account type. Give online orders their own discount, and assign rates across a whole book at once.

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Discounts under maker-checker

Discount requests wait for an approver, with an optional second approver. Exchange and regulator fees are always charged in full.

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Custody fees accrued daily

An annual custody rate charged day by day, with a minimum fee, portfolio-value bands and overnight holding fees. Re-running a date is always safe.

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Rebates, introducers and referrals

Introducing-broker schedules, monthly rebates with verify and approve, market-maker rebates and referral programmes with percentage or flat rewards.

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A fee, end to end

From the rate card to the invoice, on one engine and one ledger.

1
Set the schedule
Define rates by market, product and band. Layer client, group and account-type pricing on top, each with its own approvals.
2
Quote before the order
The client and the dealer see commission, VAT and total on the ticket before the order is sent.
3
Post on execution
Market charges, commission, custodian fee and VAT post in a fixed order, each to its own account, under one voucher per trade.
4
Correct, rebate and invoice
Commission corrections, rebate runs and recurring invoices all post through the same ledger, with a full audit trail.

Everything inside Fees & Commissions

The full capability set, in plain language.

Capability	What you get
Four-layer fee model	Exchange and regulator charges, brokerage commission, custodian fee and VAT, computed in one pass and posted in a fixed order.
Rate schedules	Per market and product, banded by trade value, quantity or share price. Flat or percentage, per ticket or per share, with separate maker and taker rates.
Minimums and caps	Minimum commission, minimum total on per-share pricing, custodian minimums and a maximum commission as a percentage of trade value.
Pricing hierarchy	Client overrides, banded client pricing, group pricing, account-type multipliers and the market default, resolved in a clear order.
Fee templates	A library of reusable customer, custody and administration fee templates, assigned to clients by office.
Discounts	Online-order and day-trade discounts, percentage and flat discounts and a minimum fee floor, scoped by market, product and channel.
Discount approvals	A request queue with approve and reject, optional dual approval, a record of removed rates and a full audit trail.
Per-trade overrides	A fixed commission or custodian fee for one ticket, commission-free trades, and the option to skip a fee layer on a single trade.
Executing-broker commissions	A commission supplied by the venue or executing broker on the FIX fill is booked as that trade's commission, partial fills included.
Corrections	Post-trade commission recalculation and adjustment, with a control on whether corrections may be back-dated.
VAT	VAT rate per market, VAT eligibility per fee rule and client exemptions. VAT is calculated on the commission after discount.
Custody and holding fees	Daily accrual from an annual rate, minimum fees, portfolio-value bands and overnight holding fees on long and short positions.
Rebates and introducers	Introducing-broker schedules by broker, client, market and product with their own ledger account; monthly rebates; market-maker rebates.
Advisory, fund and copy-trading fees	Management, advisory, administration and performance fees; copy-trading success, subscription and asset-based fees above a high-water mark, collected after review.
Billing and invoices	Contract-based recurring billing (monthly, quarterly, semi-annual, annual or one-time), ad-hoc invoices, corrections and PDF invoices with VAT.
Subscriptions and memberships	Market-data and premium packages with pricing tiers and a request-and-approval flow, plus membership billing that switches services on and off with payment.

Frequently asked questions

Does the client see the fee before placing an order?

Yes. Commission, VAT and total show on the ticket before the client confirms. The estimate is produced by the same engine that posts the fee after execution.

Can different clients pay different rates?

Yes. Set pricing for one client, a client group or an account type, with banded rates where you need them. Online orders can carry their own discount.

Are exchange and regulator fees ever discounted?

No. Discounts apply only to your brokerage commission. Exchange, regulator and custodian fees are charged in full, and VAT is calculated on the discounted commission.

How are discounts approved?

A relationship manager raises the request and an approver signs it off, with an optional second approver. The new rate applies to orders placed after approval.

Can we share commission with introducing brokers and partners?

Yes. Introducing-broker schedules set a share by broker, client, market and product, posted to their own ledger account. Monthly and market-maker rebates run alongside.

Can it bill recurring services as well as trades?

Yes. Customer contracts carry line items billed monthly, quarterly, annually or once, producing PDF invoices with VAT.