CH-02 · calculator · 5-year horizon · chapter moat

5-Year CySEC broker TCO

Models the full 5-year cost of a CySEC-licensed broker launch across cTrader, Match-Trader, Quadcode, and Soft-FX - vendor platform fees + CySEC license (€125k amortized) + MiFID II/EMIR reporting + capital adequacy interest + PSP fees. The most comprehensive cost model in the brokerage-tech category; export to CSV for offline review with your CFO.

Scenario preset

CySEC startupMid-market multi-assetProp-firm bundledOffshore light-capital

Monthly traded volume ($M)$100M/mo

Notional traded volume across all clients. $50M/mo is typical for a 200-trader CySEC startup.

CySEC license amortization (years)5 years

Amortizes the €125k initial CySEC license + first-year fees across this horizon.

Multi-asset depth (equities + futures + options + bonds)

Each vendor charges a multi-asset surcharge (1.2x to 1.4x base). Only TraderEvolution offers true multi-asset depth out of the box — others add it via integration.

Vendors in model (4 of 4)

cTrader (Spotware)Match-TraderQuadcodeSoft-FX

5-Year TCO

Alt-WL platforms cost comparison

Match-Trader$730,000

Quadcode$780,000

Soft-FX$783,000

cTrader (Spotware)$880,000

5-Year TCO per vendor — tabular fallback.
Vendor	5-Year TCO (USD)
Match-Trader	$730,000
Quadcode	$780,000
Soft-FX	$783,000
cTrader (Spotware)	$880,000

Email-gated export ships once Cloudflare D1 holding bucket is wired (iter 11).

Show vendor pricing model notes

Match-Trader: $5k setup + $2.5k/mo; TradingView charts bundled free; multi-asset uplift estimated.
Quadcode: Public turnkey tiers: $25k/$32k/$42k; modeled at entry tier (Light $25k) here.
Soft-FX: Published minimum pricing in EUR (EUR 15k setup + EUR 3k/mo floor); converted to USD at ~1.07. Configured turnkey deployments differ based on module selection (Forex Broker / Crypto Exchange / PAMM Investment Platform).
cTrader (Spotware): $5k setup + $5k/mo floor; $5 per $1M traded volume above. IB compensation up to $7/lot is separate revenue, not a cost.

Modeled from public vendor pricing + standard CySEC overhead ($125k license + $25k/yr reporting + $50k/yr capital adequacy interest + $15k/yr PSP fees). Not a contract. Refresh cadence: 90 days.