Denmark based CASP4.8/5Pricing and fees: one flat 2% trading fee
Every trade on Penning costs a flat 2% — shown before you confirm, with no bank fees, no deposit fees and no monthly fees. Network costs pass through at cost. This is the complete schedule: what you pay, what you never pay, and the minimums per service.
The full fee schedule — service by service
The exact fee is always shown before you confirm. The displayed amount is what settles.
Zero hidden fees — in black and white
The price you see is the price you pay
One flat 2% trading fee, shown before you confirm — no hidden FX spread. A typical "0%-fee" platform looks cheaper but bakes 1–3% into the exchange rate, so the "free" trade costs you more.
A visible trading fee, shown up front. €10,000 in means you see exactly what converts to crypto.
Buried in the spread. The headline says "no fees" — you pay it on the exchange rate instead.
No bank fees and no deposit fees — network costs are passed through at cost, never marked up.
0% management fee. We only earn when you do.
No fixed or management fee — your full balance stays invested. Penning Invest charges a performance fee only on positive returns above a high-water mark: 30% on deposits under €50,000 and 15% on deposits of €50,000 or more. Two strategies — Penning Edge and Penning Trade — from €5,000 per strategy, funded in DKK, EUR or crypto.
The performance fee is the only fee — "0% management" does not mean the service is free. The full fee schedule is in your account agreement.
A regulated price list — not a marketing promise
Penning Financial Services ApS is one of Denmark's first CASP-licensed crypto platforms — authorised under MiCA and supervised by the Danish FSA (reg. FTID 10902). Transparent pricing is not just good manners — it comes with running a regulated platform.
Pricing and fees — frequently asked questions
The fees on this page are Penning's published fees. For Penning Invest, the complete fee schedule is part of your account agreement. Network costs depend on the blockchain in question and are passed through at cost. Nothing on this page is investment advice.
The price you see is the price you pay
Open a free Penning account. One flat 2% trading fee, shown before you confirm — on one of Denmark's first MiCA-licensed crypto platforms.