CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Pricing

When you perform a trade, we will charge you a small amount. This is what we call the Trade Fee. The Trade Fee is a percentage of the total Trade Size, also referred to as the total value of the investment.

For example, if you invest £250* in Google, then the value of the trade is £250.

*Please note pricing is shown in Euros. All pricing is, however, dependent on the base currency of the account holder. The value of a trade or the nominal value changes with the change in Multiplier (leverage). Before you initiate a trade, the exact Fee amount will be shown below the Trade button.

CFD

Stocks (excl. Italian stocks)

Minimum Fee£0.30
Total trade sizeTrade Fee
£0 — 5000.20%
£500 – 1,0000.18%
£1,000 – 5,0000.16%
More than £5,000*0.12%

*For CFD Stocks there is currently a maximum Trade Size of £10,000

CFD

Italian Stocks

Minimum Fee£0.80
Total trade sizeTrade Fee
£0 — 2,5000.22%
£2,500 – 5,0000.20%
More than £5,000*0.18%

*For CFD Stocks there is currently a maximum Trade Size of £10,000

CFD

Indices (excl. China A50 and Singapore)

Minimum Fee£0.30
Total trade sizeTrade Fee
£0 — 5,0000.065%
£5,000 – 25,0000.055%
£25,000 — 75,0000.045%
£75,000+0.035%

CFD

Indices China A50 and Singapore

Minimum Fee£0.30
Total trade sizeTrade Fee
£0 — 5,0000.12%
£5,000 +0.10%

CFD

US Volatility Index

Minimum Fee£0.30
Total trade sizeTrade Fee
£0 — 50,0000.6%

CFD

Currencies

Minimum Fee£0.30
Total trade sizeTrade Fee
£0 — 5,0000.06%
£5,000 — 25,00000.05%
£25,000 — 75,0000.04%
£75,000+0.03%

CFD

Commodities (excl. Oil)

Minimum Fee£0.30
Total trade sizeTrade Fee
£0 — 2,5000.12%
£2,500 – 5,0000.11%
More than £5,0000.08%

CFD

Oil (US Oil and Brent Crude Oil)

Minimum Fee£0.30
Total trade sizeTrade Fee
£0 — 50,0000.25%

Deposits

Payment MethodTypeRegulatorFeeProcess Time
Visa & Master CardCredit/debit cardCentral Bank of Ireland.FreeInstant
SOFORTBanking solutionSwedish Financial Supervisory Authority (SFSA)FreeInstant 
iDEALBanking solutionThe Dutch Central Bank (DNB)FreeInstant
Bank TransferInternational bank transferFCAFree3-5 days

Withdrawals

Payment MethodTypeRegulatorFeeProcess Time
Visa & Master Card*Credit/debit cardAs AboveFree1-3 working days
Bank TransferInternational bank transferFCAVaries**3-5 working days

*If you have deposited by credit/debit card, you can request your withdrawals to be processed to the same card where possible.

** Bank Transfer withdrawals: If you’re withdrawing money with a credit or debit card, funds will be debited from your trading account when we receive your request.

We only return funds back to their source.

If you made your withdrawal request after 12:30 (GMT), they will be processed the following working day. Your funds will be processed within 5 working days.

It is possible to make a withdrawal via bank wire transfer, but debit/credit cards are our preferred method. We do not refund via cheque.

BUX Financial Services Ltd does not charge for wire transactions, however, the sending and correspondent bank may charge according to their own fee structure.

Multiplier (+ Example!)

With Stryk, you can also use a Multiplier, which is a tool to trade with leverage. For example, if you invest £250 in the CFD stock Google and you apply a Multiplier of 3, then the total value of your trade will be 3 times £250, meaning £750. The money in excess of what you invested is money you’re borrowing from Stryk.

The benefit of using a Multiplier is that you can do larger trades with smaller amounts of money. This means you can profit faster. However, the disadvantage is that you can lose money quicker as well when things don’t go the way you predicted. Therefore, always use the Multiplier carefully.

In any case, with Stryk you can never lose more than the amount you invested because we use the “guaranteed stop loss order”. In the example above, your maximum loss would be limited to £250.

Financing fee

When you use a Multiplier and keep a position open overnight, you are charged a certain interest rate. This is what we call a “financing fee.” This amount is charged daily at 23:00 GMT. For transparency, the financing fee is clearly shown in the details screen of each product. If you do not use a Multiplier, you do not pay a financing fee.

For all products, except cryptocurrencies, the financing fee rate applied to the total value of the investment is based on the relevant ARRs (Alternative Reference Rates), which is added (for LONG trades) or subtracted (for SHORT trades) to a fixed 3.5% annual spread.

CFD Cryptocurrencies

For cryptocurrencies we differentiate the financing fee between a long position (arrow up) and a short position (arrow down). For a long position the financing fee is 20% of your total Trade Size on an annual basis for Bitcoin, and 25% of your total Trade Size on an annual basis for the other cryptocurrencies. For short positions no financing fee is charged.

Please note that these percentages are annual rates and are charged on the total trade size per position and may change with a notice.

Please refer to the table below for an example of the Financing Fees.

CFD CryptocurrencyLong positionShort position
Bitcoin20%0%
Ethereum25%0%
Litecoin25%0%
Bitcoin Cash25%0%
Ripple25%0%

Inactivity fee

The inactivity fee is ONLY applicable for accounts that have been inactive for the last 90 days. There are a few conditions that define an inactive account:

  • There has been no trading activity on your Stryk account (opening and closing positions*) in the last 90 days AND
  • The Stryk app hasn’t been opened (no app sessions) in the last 90 days AND
  • You currently don’t have any open positions in your Stryk portfolio.

* note that account transactions (i.e. deposits and withdrawals) do not count as trading activity.

The inactivity fee is £5 / month of inactivity. For example, if your account remains inactive for another 30 days after the initial inactivity fee has been charged, you will incur additional recurring inactivity fees every 30 days of inactivity.

If there is insufficient cash on your Stryk account, this balance will be reduced to zero. The inactivity fee will not be charged in the case of accounts where the current cash balance is less than or equal to zero.

The inactivity fee will be charged monthly until one of the following conditions is met:

  • You contact Customer Support at support.uk@strykapp.com to close your account;
  • Your account becomes active (see the definition of “inactive” above);
  • Your current cash balance is less than or equal to zero.

Financing fee calculation – example

Say, you invest £100 in Vodafone with a Multiplier of 5, which means the Trade Size is £500. We will charge you a daily interest rate for this £500 which we call the financing fee.

The financing fee is always charged per day. Say that ARRs (Alternative Reference Rates) for a European product is at that moment 0.2%, this means you will pay an annual interest rate of 3.7% (0.2% + 3.5%). We will always calculate this back to a period of 1 day. The interest rate will subsequently be applied to the £500 and then rounded up with a plurality of £0.01. In this example, this means you will be charged a daily financing fee of £0.05.

Financing fee calculation for CFD cryptocurrencies – example

Say you open a long position (arrow up) with an investment of £100 in Bitcoin with a Multiplier of 2 – this means the Trade Size is £200. For cryptocurrencies we will charge you a fixed percentage of 25% on an annual basis for the £200.

The financing fee is always charged per day. For a long position in Ethereum this percentage is 25% which we will calculate back to a period of 1 day. The interest rate will subsequently be applied to the £200 and then rounded up with a to the nearest of £0.01. In this example, this means you will be charged a daily financing fee of £0.14.

For a short position (arrow down) there is no financing fee for cryptocurrencies so you are not charged a financing fee.

Need more guidance? See further examples on our support site.

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