Fees
Every cost, in plain sight.
Fees
Two fees. Both posted in plain sight.
No spreads buried in conversion rates. No 'platform fees' that grow over time. No surprises.
3.5%
Handling fee
One-time, charged when you buy gold. Covers refining, shipping, vaulting set-up and insurance to get your bullion into the vault.
1.25%
Annual vaulting fee
Charged daily in gold (≈ 0.0034% / day) to cover storage, insurance and independent audits for as long as you hold.
That's it. No FX markup beyond the live spot rate. No inactivity fees. No charges to send gold to another AlphaMoney user.
Common questions
Fees, answered properly.
What does it cost to save in gold on AlphaMoney?
AlphaMoney charges exactly two fees, both published up front. First, a one-time 3.5% handling fee when you buy gold — it covers refining, shipping, insurance and vault setup for the physical bullion behind your alphas. Second, a 1.25% annual vaulting fee that pays for insured storage in Brink's and Loomis high-security vaults, daily reconciliation to the milligram, and quarterly audits by a Big 4 accounting firm. There are no platform fees, no deposit fees, and no charges buried in the exchange rate. As a worked example: buy ₦100,000 of gold and ₦3,500 covers handling once, then keeping it vaulted costs about ₦1,250 a year. Everything else — the gold itself — is priced at the live spot rate. See how buying works.
Are there hidden spreads or exchange-rate markups?
No. AlphaMoney prices gold at the live spot rate — the same reference price the bullion market trades on — and shows the 3.5% handling fee separately instead of hiding a margin inside the price. That transparency matters because the common alternative is worse: gold dealers and many gold apps quote you a buy price padded above spot and a sell price cut below it, so you lose several percent on every round trip without ever seeing a "fee". On AlphaMoney the exchange rate you see is the rate you get, the fee is itemised on your receipt, and selling converts back to naira at the live spot rate. If a cost isn't one of the two published fees, you aren't paying it.
What does the 1.25% annual vaulting fee actually pay for?
Real gold has real custody costs, and the vaulting fee is how they're covered honestly rather than hidden. Your alphas are matched 1:1 by physical, serialised bullion held in Brink's (Dubai) and Loomis (Istanbul) high-security vaults — two of the most trusted custodians in the bullion world. The 1.25% a year funds that storage, full insurance by global underwriters, daily reconciliation of every account to the milligram, and independent quarterly audits by a Big 4 accounting firm. In other words, it's the price of your gold being provably real and provably yours, rather than a number on a screen backed by a promise. Read more about how your gold is protected.
Do I pay fees when I spend or withdraw?
Spending is designed to feel like using money, not liquidating an investment. With the AlphaMoney Mastercard you can pay anywhere Mastercard is accepted and withdraw naira at any ATM, with your gold converted at the live spot rate at the moment you spend — and card payments carry no foreign-exchange markup, so paying in any currency happens at the true interbank rate. There are no AlphaMoney platform charges layered on top of transactions; the two published fees are the whole cost structure. Standard third-party charges that any card attracts, like an ATM operator's own fee, are outside AlphaMoney's control and are never marked up by us. See how spending works.
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