Spread costs: the fee you pay on every trade
A spread is the gap between the price you buy at and the price you could immediately sell at. On the Kestrel Wertha platform, this is the primary cost for most instrument categories. Think of it like buying a foreign currency at the airport: the rate you pay is slightly worse than the mid-market rate, and the difference is the service charge. Unlike a flat commission, the spread scales with your trade size — a larger position costs proportionally more. This makes the spread particularly important to understand if you plan to trade frequently or in large amounts.
Overnight financing: the cost of holding leveraged positions
If you hold a leveraged position open past the daily rollover time, Kestrel Wertha applies an overnight financing charge. This charge reflects the cost of borrowing capital to maintain a position larger than your deposited funds. For long positions in most instruments, this is a debit to your account; for short positions, it may be a credit or a debit depending on the interest rate differential of the underlying market. Traders who intend to hold positions for days or weeks — rather than closing them the same day — should model this cost explicitly, as it can erode a profitable position if ignored.
Withdrawal fees and minimum thresholds
Withdrawal costs on the Kestrel Wertha platform vary by payment method. Bank transfers and card withdrawals are typically subject to different processing timelines and, in some cases, minimum withdrawal amounts. The platform's current fee schedule is the authoritative source here — check it before initiating a withdrawal, particularly if you are withdrawing a small amount, since a flat fee on a small withdrawal can represent a disproportionate percentage of your funds. Understanding the withdrawal process in advance also prevents the frustration of discovering a hold period when you need funds quickly.
Inactivity fees: when not trading still costs money
One of the least-publicised fee categories on any trading platform is the inactivity charge. The Kestrel Wertha platform, in line with common industry practice, may apply a fee to accounts that have not placed a trade within a defined period. The specific dormancy threshold and fee amount are detailed in the platform's terms. If you are a casual trader who may go months between trades, it is worth reading this section of the terms carefully and setting a calendar reminder to either place a token trade or withdraw your funds before the charge triggers.