How it works
Referral-based
You introduce traders to NOVEDOX using your own referral link. Accounts opened through it are attributed to you, and you earn from the trading activity of the clients you introduced.
The cost model
Priced through the spread
There are broadly two ways a broker charges you. One is a per-trade commission on top of a raw market spread. The other builds the cost into the spread itself. The difference between the price you can buy at and the price you can sell at. NOVEDOX uses the second model: spread-based pricing.
In practice that means when you open a position, it starts slightly negative by the width of the spread on that instrument, and the market has to move in your favour by that much before you are at break-even. There is no separate commission line to add on afterwards, and no per-ticket fee to remember when you are sizing a trade.
Spreads are not fixed numbers we can print on a marketing page. They vary by instrument, and they vary through the day with market conditions, typically tighter when a currency pair’s main session is active and liquidity is deep, wider around major news releases, at the daily rollover, and in thin holiday markets. Crypto pairs behave differently again, because they trade continuously and their liquidity profile does not follow the forex session clock.
For that reason we do not quote spread figures in pips here. Any number we published would be an average dressed up as a promise, and it would be wrong for most of the trading day. The real spread for every instrument is displayed live in the web terminal, updating as the market does, and you can see it before funding anything, because the demo account uses the same feed.
How to check your real cost, free
Register, open the terminal on your $10,000 demo account, and watch the instruments you actually intend to trade at the hours you actually intend to trade them. That gives you a truer picture of your cost of doing business than any published table, because it is measured on your instruments, at your times.
Every cost, listed
What you pay, and to whom
This table is the complete picture. If a cost is not on it, we are not charging it, and if you ever see something you cannot account for, ask support and we will explain the line.
| Cost type | How it works | What you pay |
|---|---|---|
| Spread | The difference between the bid and ask price on an instrument. Your position opens marginally negative by this amount and needs the market to move in your favour to reach break-even. | Varies by instrument and market conditions. The live spread is shown against every instrument in the terminal, visible on a free demo account. |
| Per-trade commission | A flat or volume-scaled charge added on top of the spread on each ticket. NOVEDOX does not use this model. | Nothing additional. The trading cost is in the spread. |
| Overnight swap | A financing adjustment applied to leveraged positions still open at the daily rollover. Because leverage means holding exposure larger than your balance, that exposure carries a financing cost or credit reflecting the interest-rate relationship between the two assets in the pair. | Debited or credited per night held, varying by instrument and direction. Intraday positions closed before rollover are unaffected. |
| Weekend and rollover timing | Forex markets close over the weekend, so positions carried across it are typically charged multiple days of swap on a single rollover. Crypto trades continuously and follows its own schedule. | Reflected in the swap applied at rollover, worth factoring into any position you plan to hold into a Friday close. |
| Deposit fee | NOVEDOX does not add a charge for funding your account with USDT. | Nothing to NOVEDOX. |
| Blockchain network fee | Sending USDT costs a network fee, set by the blockchain you use and by how busy it is at that moment, TRC-20, BEP-20 and ERC-20 differ substantially. This is paid to the network, never to us. | Whatever your wallet or exchange charges for the transfer. We receive none of it. |
| Network minimum deposit | Each network has a practical minimum below which a transfer is uneconomic. The fee would consume a meaningful share of a very small deposit. Current minimums are shown on the deposit screen. | No charge, but a minimum transfer size applies. Check the deposit page before sending. |
| Demo account | Funded with $10,000 in simulated balance at registration, on the same instruments, prices and 200:1 default leverage as a live account. | Free, with no expiry and no obligation to fund a live account. |
| Inactivity fee | Some brokers charge dormant accounts. We do not operate an inactivity charge. | Nothing. |
| Withdrawal costs | Withdrawal functionality is still in development and requires a fully verified account. Any applicable network cost will be published on the withdrawal screen before you confirm a request. | Not applicable yet. The feature is not live. |
Choose your network deliberately. The three USDT networks we support,
TRC-20, BEP-20 and ERC-20, can differ by an order of magnitude in fee depending on
congestion. Check the current cost in your wallet or exchange before sending, and always match
the network to the deposit address you were issued: sending on the wrong chain can make funds
permanently unrecoverable.
Thinking about cost
How the spread interacts with your strategy
The same spread is a trivial cost to one trader and a fatal one to another, and the variable is holding period. A position targeting a large move absorbs the spread easily. It is a small fraction of the intended result. A scalping approach taking many small profits pays that same cost on every single trade, and it compounds fast against a thin edge.
So the useful question is not “is this spread low?” but “what fraction of my typical winner does it consume?” A trader banking a small move many times a day needs to be far more sensitive to it than one holding a position for two days.
Three things that move your real cost
- When you trade. Liquidity is deepest when a pair’s main sessions are open. See best times to trade.
- What you trade. Major pairs are generally more liquid than exotics; crypto follows its own pattern entirely. See pairs to trade.
- How long you hold. Positions carried past the daily rollover pick up swap; positions closed intraday do not.
None of this requires a deposit to investigate. Open a demo account, watch the spreads on your instruments at your hours, and you will know your real cost of doing business before you risk anything.
Rule of thumb
Intraday traders
You pay the spread on every round trip and typically avoid swap entirely by closing before rollover. Frequency is what makes spread sensitivity matter, watch it during your actual trading window rather than at a quiet hour.
Rule of thumb
Swing and position traders
The spread is a one-off cost against a larger intended move, so it matters less. Swap is your recurring cost instead, check it per night and per direction on the instrument you hold, and remember weekends usually carry multiple days at once.
Rule of thumb
Anyone using 200:1
Leverage magnifies your result relative to your balance, so it magnifies the impact of costs too. Size positions so a normal losing trade is survivable, and read the risk disclosure before trading live.
Incentives
The partner programme, at a high level
The other half of “commission” on this page is the side you can earn rather than pay. If you introduce traders to NOVEDOX, the partner programme is how you are compensated for it, and the full terms, structure and calculator live on the partnership page.
How it works
Tied to real activity
Earnings follow genuine, ongoing trading by the accounts you introduce, not sign-up counts. That keeps the incentive aligned: you are rewarded for introducing traders NOVEDOX is genuinely a good fit for, rather than for volume of registrations.
How it works
Costs your referrals nothing extra
A trader who joins through a partner link gets exactly the same conditions as one who arrives directly. Partner compensation is not funded by a worse spread for the client. There is no referred-client surcharge.
Who it suits
Educators and communities
If you teach trading, run an analysis channel or maintain a community that already asks you which broker to use, the programme turns a recommendation you were making anyway into an income stream.
Who it suits
Introducing brokers and affiliates
If introducing clients is your business, the programme is built to be worked at scale, with tracking that attributes accounts to you properly rather than on a best-effort basis.
Full detail
Structure, tiers and calculator
The complete programme, how the structure works, what drives earnings, and a calculator for modelling a book of referred clients, is set out on the partnership page rather than summarised here.
Open the partnership pageFull programme details
Everything about the partner structure lives on one page
Rather than scatter partial figures across the site, the partnership page carries the whole picture: the programme mechanics, the earnings model, the calculator and the terms that apply.
Cost questions
Straight answers
Why are there no spread figures published on this page?
Because spreads move. They vary by instrument and change through the trading day with liquidity and volatility, so any figure printed here would be an average presented as a promise, and wrong for much of the day. The terminal shows the live spread on every instrument, and a free demo account lets you check it on your pairs at your hours before depositing anything.
Do you charge a commission on each trade?
No. NOVEDOX uses spread-based pricing, so the trading cost is built into the bid-ask difference rather than added as a separate per-ticket charge. There is no commission line to add on when you are sizing a position.
What is swap, and when am I charged it?
Swap is the financing adjustment applied to a leveraged position that is still open at the daily rollover. Because leverage means holding exposure larger than your account balance, that exposure carries a financing cost or credit, varying by instrument and by whether you are long or short. Close a position before rollover and no swap applies to it. Positions held across a weekend typically pick up several days of swap at once.
Does NOVEDOX charge a fee for deposits?
No. We add nothing to your deposit. What you will pay is the blockchain network fee for sending USDT, which is set by the network itself, TRC-20, BEP-20 and ERC-20 all differ, and each varies with congestion. That fee goes to the network, and NOVEDOX receives none of it.
Is there a minimum deposit?
Each network has a practical minimum, shown on the deposit screen before you send. The reason is economic rather than arbitrary: below a certain size the network fee consumes a meaningful share of the transfer. Check the current figure at the time you deposit.
Do you charge an inactivity fee?
No. There is no dormancy or inactivity charge, and your demo account does not expire if you step away from the market for a while.
What will withdrawals cost?
Withdrawals are still in development and are not available yet, so there is nothing to quote in good faith today. When the feature rolls out it will require a fully verified account, and any applicable network cost will be shown on the withdrawal screen before you confirm. See the accounts page for where this sits.
Does joining through a partner link cost me more?
No. Clients introduced by a partner trade on exactly the same conditions as anyone who arrives directly. Partner compensation is not funded by widening the spread for referred clients. Full detail is on the partnership page.
Check our real spreads before you deposit
Open a free demo account funded with $10,000 in simulated balance and watch live spreads on your own instruments, at your own hours, at no cost.
Trading involves risk. 74.3% of retail accounts lose money.