TradeNAIRA fees schedule.

FEE SCHEDULE

TradeNAIRA is committed to a transparent charging policy and here you can find all the information you need about our charges clearly laid out. Most of our customers choose to trade online and our standard dealing rates below applies. For more frequent traders, regular investors and people who prefer an alternative to online trading, we offer different pricing options to better suit your needs.

FEE ROUNDING

We kindly ask our users to take note on Sellnaira's policy regarding fee calculation. As our fees are calculated to two decimal places, all fees which might exceed this limitation are rounded up. The rounding up is executed in such a way that the second decimal digit is always one digit value higher than it was before the rounding up.

For example; a fee of 0.111 will be charged as 0.12. As of May 15, 2014 the minimum allowable trade will be USD $5.

Deposit Fee

It is FREE to deposit into your TradeNAIRA account!

Currency Minimum Allowable Amount Transaction Fee
NGN  25,000 NGN FREE
USD  100 USD FREE
GBP  100 GBP FREE
EUR  100 EUR FREE
CNY  500 CNY FREE

Example: For a ₦250,000 Deposit Value the fee calculation will be: £10,000 @ 0% = £250 ; Total Fee = 0 (COMPLETELY FREE) Please be aware that your bank may levy discretionary charges.

Withdrawal Fee

This is the fee for a withdrawal to a bank account.

Currency Minimum Allowable Amount Transaction Fee
NGN  25,000 NGN 2.5%
USD  100 USD 2.5%
GBP  100 GBP 2.5%
EUR  100 EUR 2.5%
CNY  500 CNY 2.5%

Example: For a £10,000 Withdrawal Value the fee calculation will be: £10,000 @ 2.5% = £250 ; Total Fee = £250.00 Please be aware that your bank may levy discretionary charges.

TRADING ON OUR PLATFORM IS COMPLETELY FREE

Trading Fee Our Fee
Any amount 0%

For every trade transaction performed there will be a charge of 0% per trade.

Sending and Receiving Money to your TradeNAIRA account

Sending Money to another TradeNAIRA member is completely free for the sender on all currencies and all amounts.

A 1% Fee is paid by the receiver or merchant unless you choose to pay instead. You can send money to an email address or phone number and the receiver will be prompted to register for a TradeNAIRA account if they are not already a member.

PLEASE NOTE: Money can only be received in the same currency it is sent, so if you need to exchange currency you must do so on the Trading Floor before you send the funds to the receiver.

Sending Invoices

Create and send customisable invoices to your customers.

No Monthly Fees.

2.5% per transaction (cheaper than PayPal).

Escrow Service available at a further 1.5% (minimum transaction size £10,000).

Loading Your TradeNAIRA prepaid card (SERVICE AVAILABLE MID 2016)

Card Type Currency Type Sign-up Fee Transaction Fee
Virtual Prepaid Card All Currencies £10 Equivalent 2.5%
Prepaid Mastercard All Currencies £50 Equivalent 2.5%
Prepaid Verve Card NGN ₦20,000 Equivalent 2.5%

Telephone Dealing Fees

For telephone dealing our fees vary by the value of the trade you want to make.

Value of trade Minimum £5,000 Equivalent
Telephone rate per trade  From 1.5%

General duties and levies

In addition to our charges and fees, customers should be aware of other general duties, levies and taxes that may apply in their home countries, and may vary from time to time.

TradeNAIRA does not provide investment advice. If you are in any doubt as to the risk or suitability of an investment or product you should seek advice from an independent financial adviser.

Banking Charges

Any charges incurred by us as a consequence of payment failures or special payment instructions will be automatically debited from your TradeNAIRA account.

Certificate fees

Issuing a certificate of trade upon request £30 for each day of trading