An Administrative Fee is a charge required to offset the costs associated with our updated offering on Swap Free accounts.
A fee will be applied to all open positions (both long and short) and will be deducted at the end of each trading day, subject to a grace period of up to 10 days. The Administration Fee and grace period vary per symbol. 3x Administration Fee will be charged on a Wednesday. Wednesday will also count as 3 days with regard to grace period. See table below: