Sporttrade Commission Overview
Sporttrade charges a commission only on profits, not on losses or the amount you trade.
When is commission charged?
A commission may apply in two situations:
When you exit a position for a profit before an event settles
When a position settles for a profit at the end of an event
How much is the commission?
2% of profit only
The commission rate is subject to change
How commissions are handled
If you exit a position for a profit before the outcome settles, Sporttrade temporarily withholds the commission amount but does not immediately deduct cash from your account.
The commission is finalized only when the outcome settles.
If the outcome is voided, any withheld commission is released back to your available balance.
You may see this temporarily withheld amount listed as a Restricted Profit in your account until settlement occurs.
Examples
Example: Selling a Position for a Profit
You buy 5 shares at $60 and later sell them at $75.
Profit per share: $15
Gross profit: $75 (5 × $15)
Commission (2%): $1.50
Net profit: $73.50
Example: Outcome settlement
You buy 10 shares at $45, and the outcome settles at $100.
Gross profit: $550
Commission (2%): $11.00
Net profit: $539.00
Note: Exchange wagering is currently unavailable in Iowa.
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