Yes, BOTS does charge fees. However, our platform strives to keep these fees as low as possible to benefit our customers.
What are the fees associated with BOTS?
There are three main types of fees associated with BOTS: external exchange transaction fees, one-time entry fees, and one-time exit fees.
What are external exchange transaction fees?
External exchange transaction fees refer to the fees charged by the exchange companies used by BOTS. These fees are calculated as 0.2% of the investment value per transaction.
Are there any one-time entry fees?
Yes, BOTS charges a one-time entry fee when you deposit funds into a bot. This fee is calculated as 0.2% of your investment amount. This means that when you deposit €100, €99.80 will be wagered in your chosen bot (€100*0.002).
What about one-time exit fees?
When you withdraw funds from BOTS to your bank account, a one-time exit fee is applied. This fee amounts to 1.5% of the desired withdrawal amount. This means that when you withdraw money from your “Available funds” back to your verified bank account i.e. you decided to withdraw €100 from the available funds, you will be charged a fee of €1,5 (€100*0,015).
How does BOTS keep transaction fees low?
BOTS creates its own systems to help minimize transaction and exchange fees. By leveraging high volumes and fast servers, BOTS can negotiate lower fees with external exchange providers.
Are there any additional costs to consider?
Apart from the exchange fees, there are also spread costs, which represent the difference between the buying and selling prices. In a market with high volume, these spread costs tend to be low. BOTS develops its own systems to minimize these costs.
Can you provide specific details on the transaction/trade fees?
Certainly! The maximum transaction/trade fee charged by BOTS is 0.2% of every trade a bot performs. This fee includes platform fees that contribute to liquidity and the smooth functioning of the BOTS platform. However, the transaction/trade fee will not be less than 0.06% under any circumstances.
Do the transaction/trade fees change for multiple trades?
If a bot performs multiple trades within a limited period of time, the transaction/trade fee will be reduced accordingly. This ensures that users benefit from reduced fees when multiple trades are executed.
For more detailed information about BOTS fees, including any updates or changes, it is recommended to visit our official website by clicking here or contact our Support Department at firstname.lastname@example.org, and we’ll be more than happy to help.