There are three potential costs on a trade: the spread (the difference between the buy and sell price, paid on entry), the swap (the overnight interest charge for holding a position past 21:00 UTC), and where applicable, a commission (a fixed per-lot charge on certain account types). nomo's standard accounts charge no commission — only the spread and any applicable swap.
Spread
The spread is the difference between the price at which you can buy an instrument and the price at which you can sell. If EUR/USD is quoted at 1.0850 / 1.0851, the spread is 1 pip (0.0001). You pay this spread implicitly when you open the trade — your position starts slightly negative, and only moves into profit when the market moves further than the spread in your direction.
Swap (overnight financing)
When you hold a CFD position past the daily rollover (21:00 UTC), a swap charge is applied to reflect the overnight interest rate differential between the two instruments. Swaps can be negative (charged to your account) or positive (credited). The swap rate per instrument is shown in the instrument specification.
Commission
On most nomo standard account instruments, no commission is charged. Where applicable, any commission fees are shown in the instrument or account specification.
Currently, the nomo AI Index is one of the instruments that includes a commission fee.
How to see the cost before you trade
Spread: visible on the order ticket as the difference between Bid and Ask.
Swap: shown in the instrument specification, typically per long position and per short position.
Commission: shown in your account type details, if any applies.
Important notes
Wednesday's swap is typically charged at 3× the normal rate to cover the weekend (since Saturday and Sunday don't have a rollover but interest still accrues).
Spreads widen during news events and around market open/close. Plan trades around these windows if you're sensitive to entry quality.
Holding short-term scalp positions: the spread is your dominant cost. Holding overnight or longer: swap can become significant. Match instrument and timeframe to your strategy.
Inactivity fee
Accounts that remain inactive for 90 consecutive days may be subject to an inactivity fee.
An account is considered inactive if the client does not:
open, close, or hold any trading positions; and
make any deposits during the 90-day period.
After 90 days of inactivity, a fee of $10 per month is charged and will continue to be applied monthly while the account remains inactive.
If you have multiple trading accounts, the fee is charged from your primary account. If there are insufficient funds available, funds may be transferred from your other trading accounts to cover the fee. If the combined balance across all accounts is less than the fee amount, the remaining available balance will be charged until the balance reaches zero.
Accounts cannot have a negative balance as a result of inactivity fees. Once all available funds have been deducted, no further inactivity fees will be charged unless the account is funded again.