What are clearing charges, and are there any at 021 Trade?
What are clearing charges, and are there any at 021 Trade? Find a clear answer in this FAQ by 021 Trade.
Clearing and settlement is the process through which the obligations of each trader are determined and settled. Clearing charges are fees levied by brokers who clear and settle trades through other brokers, known as clearing members, for handling this process on their behalf.
At 021.Trade, we clear and settle our own trades directly, therefore no clearing charges are levied on our clients.
