Each trade on Nexo Pro comes with a Trading Fee, which will be displayed at the bottom of the Buy/Sell panel:
The exact fee depends on several factors, such as your Pricing Tier, Maker vs. Taker role, and whether you are trading on the Spot or Futures Exchange. The current fees are available on this page: Nexo Pro Fees.
What is my Pricing Tier?
Your Pricing Tier is defined as the total USD trading volume over the trailing 30-day period, updated once a day 00:01 UTC. The Total Volume does not include trades between stablecoins (for example, USDC/USDT).
Transactions involving USD, e.g. BTC/USD, are counted as the total USD amount of each filled order. If USD is not part of the selected trading pair, the transaction will be converted to USD based on the most recent fill price on the respective book. For example, the USD volume of a purchase of 1 ETH on the ETH/BTC book will be immediately converted based on the most recent fill price on the ETH/USD book.
The fee is determined by the current Pricing Tier at the time the order is placed, not on the tier you would be in after the trade is completed. You can preview your Pricing Tier and applicable fees by clicking on the gear wheel icon located in the upper-right corner of the screen on the Nexo Pro platform and selecting ‘Fee Tiers’ from the dropdown menu.
Makers vs. Takers
Nexo Pro uses a maker-taker fee model for determining its trading fees. Orders that provide liquidity (maker orders) are charged different fees than orders that take liquidity (taker orders).
When you place a market order that gets filled immediately, you are considered a Taker and will pay a fee between 0.03% and 0.20%. When you place an order, which is not immediately matched by an existing order, that order is placed on the order book. If another customer places an order that matches yours, you are considered a Maker and will pay a fee between 0.04% and 0.20%.
- Until November 30, 2022, you can enjoy promotional Spot and Futures fees. You can view the fees associated with each Pricing tier either through the Nexo Pro Fees page or the Fee Tiers section of your Nexo Pro account.
- Margin Trading and the Futures Exchange are currently unavailable for residents of the United States of America, Canada and Australia.