Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64.90% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Execution scorecad

Earn is committed to execution quality and transparency for its clients. According to our Best Execution Policy, major execution factors that influence the quality of our service are price and likelihood of execution of the client orders.

Earn discloses the execution quality scorecard for the above factors on a quarterly basis, for all types of accounts. Statistics include all valid market and pending/limit order requests received via the MetaTrader platform, excluding trader orders received orally or in writing.

  • Execution scorecard Q2 2022

      Standard Account NDD Account Sharp ECN Account
    PERCENTAGE OF MARKET ORDERS SUCCESSFULLY EXECUTED 100% 100% 100%
    PERCENTAGE OF MARKET ORDERS FILLED WITHOUT REQUOTE n/a n/a n/a
    PERCENTAGE OF TRIGGERED PENDING ORDERS FILLED «AT OR BETTER» 53.54% 66.20% 20.45%
    PERCENTAGE AVERAGE PRICE SLIPPAGE FOR PENDING ORDERS 0.08% 0.06% 0.05%
    PERCENTAGE OF TRIGGERED LIMIT ORDERS FILLED «AT OR BETTER» 100% 100% 99%
  • Execution scorecard Q1 2022

      Standard Account NDD Account Sharp ECN Account
    PERCENTAGE OF MARKET ORDERS SUCCESSFULLY EXECUTED 100% 100% 100%
    PERCENTAGE OF MARKET ORDERS FILLED WITHOUT REQUOTE n/a n/a n/a
    PERCENTAGE OF TRIGGERED PENDING ORDERS FILLED «AT OR BETTER» 56.79% 66.32% 45.89%
    PERCENTAGE AVERAGE PRICE SLIPPAGE FOR PENDING ORDERS 0.06% 0.07% 0.04%
    PERCENTAGE OF TRIGGERED LIMIT ORDERS FILLED «AT OR BETTER» 100% 100% 94%
  • Execution scorecard Q4 2021

      Standard Account NDD Account Sharp ECN Account
    PERCENTAGE OF MARKET ORDERS SUCCESSFULLY EXECUTED 100% 100% 100%
    PERCENTAGE OF MARKET ORDERS FILLED WITHOUT REQUOTE n/a n/a n/a
    PERCENTAGE OF TRIGGERED PENDING ORDERS FILLED «AT OR BETTER» 63.66% 65.70% 35.71%
    PERCENTAGE AVERAGE PRICE SLIPPAGE FOR PENDING ORDERS 0.06% 0.07% 0.07%
    PERCENTAGE OF TRIGGERED LIMIT ORDERS FILLED «AT OR BETTER» 100% 100% 72%
  • Execution scorecard Q3 2021

      Standard Account NDD Account Sharp ECN Account
    PERCENTAGE OF MARKET ORDERS SUCCESSFULLY EXECUTED 100% 100% 100%
    PERCENTAGE OF MARKET ORDERS FILLED WITHOUT REQUOTE n/a n/a n/a
    PERCENTAGE OF TRIGGERED PENDING ORDERS FILLED «AT OR BETTER» 48.59% 48.88% 41.23%
    PERCENTAGE AVERAGE PRICE SLIPPAGE FOR PENDING ORDERS 0.10% 0.11% 0.02%
    PERCENTAGE OF TRIGGERED LIMIT ORDERS FILLED «AT OR BETTER» 100% 100% 73%

Cost transparency

Earn discloses the execution quality scorecard for the above factors on a quarterly basis, for all types of accounts. Statistics include all valid market and pending/limit order requests received via the MetaTrader platform, excluding trader orders received orally or in writing.

Swap depends on the length of time in which a position is held open. For intra-day trading, cost of investment would be reduced, on average, from 3 percent to 2.6 percent on a Standard Account, and from 2.9 percent to 2.3 percent on an NDD Account.

Trading costs may vary significantly depending on the specific instrument being traded. For example, spreads on Exotic/non-Major currency pairs may be much higher than spreads on Major currency pairs. For detailed information: https://earn.eu/markets/cfd-trading

  • Cost Transparency Q2 2022

      Standard Account NDD Account ECN Account
    Spread 0.14 0.13 0
    Swap 0.12 0.09 0
    Volume Commissions 0.07 0.07 0.08
    Total costs per USD 1000 of trading volume 0.33 0.29 0.08
    Break-even gross return on a transaction 0.033% 0.029% 0.008%
  • Cost Transparency Q1 2022

      Standard Account NDD Account ECN Account
    Spread 0.1 0.12 0
    Swap 0.07 0.06 0.04
    Volume Commissions 0.06 0.07 0.08
    Total costs per USD 1000 of trading volume 0.23 0.25 0.12
    Break-even gross return on a transaction 0.023% 0.025% 0.012%
  • Cost Transparency Q4 2021

      Standard Account NDD Account ECN Account
    Spread 0.24 0.15 0
    Swap 0.13 0.06 0.05
    Volume Commissions 0.02 0.07 0.08
    Total costs per USD 1000 of trading volume 0.39 0.28 0.13
    Break-even gross return on a transaction 0.039% 0.028% 0.013%
  • Cost Transparency Q3 2021

      Standard Account NDD Account ECN Account
    Spread 0.26 0.17 0
    Swap 0.13 0.08 0.01
    Volume Commissions 0.00 0.06 0.07
    Total costs per USD 1000 of trading volume 0.39 0.31 0.08
    Break-even gross return on a transaction 0.039% 0.031% 0.008%

Information on the top five execution venues and brokers

In accordance with the Law 87(I)/2017 and EU Regulation 2017/576, the Company is required to make public on an annual basis, for each class of financial instruments, the top five execution venues in terms of trading volumes where it executed client orders in the preceding year and information on the quality of execution obtained (RTS28).

Similar information will be reported with respect to the top five investment firms (e.g. brokers) where the Company transmitted or placed client orders for execution in the preceding year. Such information will be published on the Company's website, and will be available in the public domain for a minimum period of two years.

Pillar III market discipline and disclosure reports

Earn publishes annual Pillar 3 reports in accordance with Part Eight of European Regulation (EU) 575/2013 ('Pillar III disclosures'), with the aim to encourage market discipline by allowing market participants to assess key pieces of information on risk exposures and the risk assessment processes of the Company.

Pillar 3 provides disclosure of specified information about the underlying risk management controls and capital position, and is a part of the revised regulatory capital framework across Europe governing the amount and nature of capital investment that firms must maintain.

Quality of execution of transactions

In accordance with the Law 87(I)/2017 and EU Regulation 2017/575, the Company is required to make public on an quarterly basis, for each financial instruments, per day, the execution quality achieved (RTS27).

Such information will be published on the Company's website, and will be available in the public domain for a minimum period of two years.