Fees, price impact, and risk

Every trade should be judged by more than the headline price.

Fees and premiums

Buy and sell trades can include a premium or fee. Higher tiers can reduce trade premium through tier benefits.

Price impact

Price impact grows when a trade is large relative to the market's virtual depth. A small trade may barely move price. A large trade can move it more.

Risk checklist

Before trading, ask:

• Do I understand the market question?
• Is the market still open and before cutoff?
• Do I accept the price and price impact?
• Can I afford to lose these Credits?

Do not spend Credits you cannot afford to lose.