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.

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 Deposit Amount Transaction Fee
NGN  25,000 NGN FREE
USD  100 USD FREE
GBP  100 GBP FREE
EUR  100 EUR FREE
CNY  500 CNY FREE

Please be aware that your bank may levy discretionary charges.

Withdrawal Fee

This is the fee for a withdrawal to a bank account in your name following a successful trade.

Currency Minimum Withdrawal Amount Transaction Fee
NGN  25,000 NGN 1.5%
USD  100 USD 1.5%
GBP  100 GBP 1.5%
EUR  100 EUR 1.5%
CNY  500 CNY 1.5%
GHS 100 GHS 1.5%
BTC none 1.5%

Example: For a £10,000 Withdrawal Value the fee calculation will be: £10,000 @ 1.5% = £150 ; Total Fee = £150.00 Please be aware that your bank may levy discretionary charges.

Besides the Standard package, rates shown above, depending on the amount of volume you trade; you may be eligible for the below account upgrades which come with a reduced withdrawal rate.

GOLD ACCOUNT

If you are a Gold member and you will only be charged 1% on withdrawal. You must be trading $20,000 per month (or equivalent in any currency) to qualify.

PLATINUM ACCOUNT

If you are a Platinum member and you will only be charged 0.5% on withdrawal. Also, your rate for receiving payments will be 0.25% instead of 0.5%. You must be trading $50,000 per month (or equivalent in any currency, besides Naira) to qualify.

If you are a business or HNWI that transacts in large volumes of over $150,000 a month, please contact us to discuss what plan will be best suited for you.

TRADING ON OUR PLATFORM IS ALMOST FREE

Trading Fee Our Fee
Any amount 0.005%

Sending and Receiving Money

Sending money to another user on our platform is free for the sender. The receiver will be charged a 0.5% procession fee.

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