The iCE3X trading fee discount plan guide.

iCE3X is excited to show you how the trading fee discount plan guide (TFDP Guide) can help you save.

First of all, let’s get some information regarding what trading fees are after which we will guide you on how to benefit from our trading fee discount plans.

Trading fees explained

Trading fees or commisions are calculated as a percentage of every buy or sell order that we execute or “partially-execute“. We calculate the fees in real time using 3 parameters, we then display the final fee on the BUY or SELL order slip.

All bitcoin exchanges have trading fees that apply to each completed buy and sell order carried out on the exchange. The formula we use to calculate this rate is :

Base Rate – Volume discount + TFDP = Final Percentage Rate Commision

Firstly we take the default rate for a particular currency. For example, when you buy bitcoin, the maximum commision {Aug 2018} you will pay on a completed BUY order is 0.5%

Secondly, we look at the volume of trades by you in a particular market over the last 30 days (trade volume at midnight of the previous day) to determine the volume based base rate.

For example at the trade fees are as follows for BTC and ZAR:

Trading Fees on iCE3

Finally, we add any TFDP’s you have active on your profile. To illustrate this better, if you have a 0.2% TFDP on your account and you trade 2 bitcoins on your first day, and you then come back on the 2nd day and buy another 1 bitcoin, the fee will be 0.35% – 0.2% (rebate) = 0.15% nett fee. You will thus have an effective trading fee rate of just 0.15%.

Who’s Affected by Trade Fees?

Fees apply to all newcomers into the cryptocurrency market. Buyers and investors will have different fees for every purchase or sale. When joining a marketplace as a trader it will come with its own set of fees and discounts, which should be included in the justification for making a trade. Any path in and out of a cryptocurrency position has its own set of fees and commissions.

Trading fee discount guide

The Trading fee discount plan guide is a guide that shows you how you can save money while investing in cryptocurrencyThousands of people are gaining profits from cryptocurrencies volatile price movements and with a trading fee discount plan you can save and earn more. This is especially true for arbitrage traders. Always plan your trade and trade your plan.

TIP: Always plan your trades. As a result you will be able to take advantage of weekly TFDP’s and you will be able to maximise your profits. Remember the rate is calculated when the order is placed and even if the TFDP expires, and the order is still open, it will still apply.

The mission

Our mission at iCE3X is to advise you on how you can save by using this trading fee discount plan guide. The result is that you as a trader, earn more profits by paying less for your trading fees. If paying less for your trading fees means earning more, it would be a mistake not to invest more. You can effectively use the trading fee discount plan guide provided by iCE3X.

How to use the trading fee discount plan guide

First of all, you need to look at your account to see if you have a TFDP enabled. {If not, get in touch with the service desk, so we can help you out}:

  • Trade 0 BTC – 0.99999999 BTC to pay 0.5%
  • or Trade 1 BTC – 99.99999999 BTC to pay 0.35%
  • or Trade 100 BTC – 9999.99999999 BTC to pay 0.25% Trading Fees

In Conclusion:

As you can see the more volume you trade over a period of 30 days the less you will pay for trading fees. Creating a plan and buying your cryptocurrency over time is the best way to invest in this volatile market. Do your own research and be careful of “brokers” that make you promises they can not keep.


5/5 (1 Review)

Read more ...

Disclaimer Notice:

This article is intended to educate and should in no way be seen as investment advice or an enticement to use the platform. Bitcoin is highly volatile with big profit opportunities but you should also remember that you could lose part or all of your investment whenever you take part in any high risk investment. Bitcoin trading is not a regulated industry in South Africa, which in itself carries additional risks. IF YOU ARE NOT AN ASTUTE BITCOIN TRADER, SEEK INDEPENDENT FINANCIAL ADVICE BEFORE MAKING ANY INVESTMENTS.