Future Forex operates on a transparent and straightforward fee structure. We only charge fees on a per-transaction basis. There are no monthly bank or platform fees.
The following fees are charged:
Bank Admin Fee (SWIFT Fee):
- This fixed fee, charged by Capitec, is charged per payment. It covers the administrative cost of using the SWIFT* international payment network.
Margin or “Spread”:
- A percentage-based fee, commonly known as the “spread”, is also charged. This is the lesser known but far more significant fee that banks typically overcharge clients.
*The SWIFT (Society for Worldwide Interbank Financial Telecommunication) international payment network is one of the largest financial messaging systems globally. The SWIFT network doesn’t transfer funds, nor is it a banking system. Instead, it sends payment orders between banks using SWIFT codes. The SWIFT payment system is a means to transfer money overseas quickly, accurately, and securely.