> For the complete documentation index, see [llms.txt](https://snapx-2.gitbook.io/snapx-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://snapx-2.gitbook.io/snapx-docs/guides/understanding-fees.md).

# Understanding Fees

## Trading Fees

The trading fee is a flat **2% of the trading volume for each transaction**. This fee is applied when your order is executed, meaning it's deducted from your account once your buy or sell order is successfully matched and completed.

If a trade is canceled or fails to execute, no trading fee will be applied. Fees are only incurred upon the successful completion of a trade.

## How Fees Are Calculated

The trading fee is calculated directly on the total value of your trade. For example, if you place a trade with a volume of $1,000, the trading fee would be $20 ($1,000 \* 0.02). This 2% fee applies to both buy and sell transactions, so each time you complete a trade, the fee will be applied to that specific transaction's volume.

## Invite Friends, Earn Commissions

**Want to earn more?** Check out the [SnapX referral program](https://snapx-2.gitbook.io/snapx-docs/guides/invite-friends) and start inviting your friends and trade together! Earn rewards for every friend who signs up and trades.

{% content-ref url="/pages/OH7ETQ6z36CacQscRPd9" %}
[Invite Friends](/snapx-docs/guides/invite-friends.md)
{% endcontent-ref %}