Exchange Fees

Want to trade on an exchange? Then you pay fees to belong.

Think of it like your health club. Want to work out there? Then you pay to belong. It's $200 a month for the nicer clubs. Want more? Like a massage? A drink? A trainer? Then those are a la carte charges in addition to the exchange fees you'll have paid to belong to the club.

Think: commissions or spreads paid on trades made while "in the club."