Commissions
Table of contents
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Trade.MT4/Trade.MT5 -
Zero.MT4/Zero.MT5 -
Invest.MT5
Commissions for trading on Trade.MT4 & Trade.MT5 accounts
Stock CFDs and ETF CFDs are subject to commission charges as provided in the Contract Specification for each particular product. Commission for trading any other instrument in these account types is 0.
Commissions for trading on Zero.MT4 & Zero.MT5 accounts
Forex and Metals
We offer raw spreads and tiered commission structure for FX and metals on our Zero accounts. If you transact more than 10 million USD in any month, any further transactions in these instruments will be subject to our significantly discounted commissions until the end of the month.
| Monthly Transacted Volume, USD | |||
|---|---|---|---|
| Up to $10,000,000 | $10,000,000 - $50,000,000 | Over $50,000,000 | |
| Commission per 1 full lot per side, USD* | $3.0 | $2.4 | $1.8 |
*Where your trading account base currency is different from USD, we will automatically convert the commission charge into your account base currency. For this conversion we will use live currency exchange rates as quoted on our platform at the moment of the trade.
Commissions for indices and commodities
Index and commodity CFDs on our Zero.MT4 & Zero.MT5 accounts are subject to commission charges as provided in the Contract Specification for each particular product.
Calculation Formula
The table above and the Contract Specification section of our website list the commission for a single side of the trade. Commission for a round turn trade (opening and closing) is doubled and is fully charged at the opening of the position. The formula below shows how exactly the commission is calculated and charged when you open a new position:
Commission = Trade size in Lots * Commission rate * 2
Where necessary, we will instantly convert the resulting commission charge into your account’s base currency.
Here are a few examples to demonstrate how it works:
Example 1
Initial values
- Trading account type: Zero.MT5
- Account`s deposit currency: USD
- Commission rate: 3 USD/Lot
- Instrument traded: USDCAD
- Volume traded: 0.1 Lot
Calculations
- Commission = Trade size in Lots * Commission rate * 2
- Commission (in USD) = 0.1 Lot * 3 USD * 2 = 0.6 USD
- For this trade the commission is $0.3 to open a trade (one side) and another $0.3 to close it later. A total of $0.6 will be charged at the moment when the position is open.
Example 2
Initial values
- Trading account type: Zero.MT4
- Account`s deposit currency: EUR
- Commission rate: 3 USD/Lot
- Instrument traded: GBPJPY
- Volume traded: 1.2 Lot
- EURUSD conversion rate: 1.18500
Calculations
- Commission = Trade size in Lots * Commission rate * 2
- Commission = 1.2 Lot * 3.0 USD * 2 = 7.2 USD
- Since the commission value is in USD and the account base currency is EUR, the commission charge will be converted to EUR at the moment when the trade is established:
- Commission (in account base currency) = 7.2 USD / 1.18500 = 6.08 EUR
- Please note that the prevailing exchange rate to convert calculated USD commissions into your non-USD account base currency is subject to frequent updates and will have an effect on commissions you pay in your preferred currency. Therefore the commission charges in your non-USD account base currency may vary even for the same trades of the same size if they are transacted at a different time.
Example 3
Initial values
- Trading account type: Zero.MT5
- Account`s deposit currency: USD
- Commission rate: 0.15 USD/Lot
- Instrument traded:SP500 index CFD
- Volume traded: 5 Lots
Calculations
- Commission = Trade size in Lots * Commission rate * 2
- Commission = 5 Lots * 0.15 USD * 2 = 1.5 USD
- Please note that for our Zero.MT4 and Zero.MT5 accounts, the applicable commission charge for instruments other than Forex and Metals is provided for each instrument separately in the Contract Specifications
Commissions for trading US Stocks on Invest.MT5 accounts
Formula
A 0.02 USD (or the equivalent in another currency) per share per side (i.e. separately for opening and closing positions) commission is charged on Invest.MT5 accounts. For US stocks, 1 lot equals 1 stock. Therefore, the commission for 100 lots equals USD 0.02 * 100 stocks = 2 USD. The minimum commission is 1 USD. To make the calculations more clear, let`s consider several examples.
Example 1: Buying a US Stock
Initial values
- Account`s deposit currency: USD
- Instrument: AAPL
- Instrument`s quote currency: USD
- Volume trade: 150 lots
- Order type: Buy
- Open price AAPL: 156.92
Calculations
- Commission (in the account’s deposit currency) = Contract size * Commission per 1 stock * Rate of USD to the account’s deposit currency (USD)
- Commission (in USD) = (150 Lots * 1 Apple Stock) * 0.02 USD * 1 = 3.00 USD
Example 2: Selling a US Stock
Initial values
- Account’s deposit currency: USD
- Instrument: AAPL
- Instrument`s quote currency: USD
- Volume trade: 25 lots
- Order type: Sell
- Open price AAPL: 165.45
Calculations
- Commission (in the account’s deposit currency) = Contract size * Commission per 1 stock * Rate of USD to the account’s deposit currency (USD)
- Commission (in USD) = (25 Lots * 1 Apple Stock) * 0.02 USD * 1 = 0.50 USD
Since the mathematical value of the commission is lower than the minimum commission per side (i.e. 1 USD ), a minimum commission charge of 1 USD is applied to this transaction.
Example 3: Buying a US Stocks
Initial values
- Account`s deposit currency: EUR
- Instrument: GOOG
- Instrument`s quote currency: USD
- Volume trade: 500 lots
- Order type: Buy
- Open price GOOG: 1580.60
- Currency EURUSD rate in MetaTrader 5: 1.18235
Calculations
- Commission (in account`s deposit currency) = Contract size * Commission per 1 stock * Rate of USD to account`s deposit currency (EUR)
- Commission (in EUR) = (500 Lots * 1 Google Stock) * 0.02 USD * (1/1.18235) = 8.46 EUR
Commission for Trading EU Stocks on Invest.MT5 accounts
Calculation guidelines
Commission charged for an EU share (for example: France and Germany) is 0.10% of the transaction`s notional value per side (i.e. separately for buying and selling). The minimum commission for EUR-denominated share is 1 EUR.
Therefore, the commission value of the EU Stocks is calculated as the Transaction`s Notional Value (Amount of Stocks * Stock price) * 0.10% * Exchange Rate,
Whereas:
- Transaction`s Notional Value is calculated as Order Open Price * Contract Size (in Lots);
- 0.10% is a multiplier representing the commission rate;
- The Exchange Rate is a multiplier representing the conversion rate from the commission currency (EUR) to your account’s currency;
If the resulting commission value, calculated using the above formula, is less than the minimum commission value(i.e. 1 EUR), then the minimum commission charge is applied.
Example 1: Buying an EU Stocks
Initial values
- Account`s deposit currency: EUR
- Instrument: FP
- Instrument`s quote currency: EUR
- Volume trade: 50 lots
- Order type: Buy
- Open price FP: 36.300
Calculations
- Commission (in account`s deposit currency) = Open Price (in EUR) * Contract size (in Lots) * Commission Rate (in %)
- Commission (in EUR) = 36.300 EUR * (50 Lots * 1 Total SE Stock) * 0.10% = 1.82 EUR
Example 2: Selling an EU Stock
Initial values
- Account`s deposit currency: EUR
- Instrument: FP
- Instrument`s quote currency: EUR
- Volume trade: 25 lots
- Order type: Sell
- Open price FP: 39.230
Calculations
- Commission (in the account’s deposit currency) = Open Price (in EUR) * Contract size (in Lots) * Commission Rate (in %)
- Commission (in EUR) = 39.230 EUR * (25 Lots * 1 Total SE Stock) * 0.10% = 0.98 EUR
Example 3: Buying a EU Stocks
Initial values
- Account`s deposit currency: USD
- Instrument: BMW
- Instrument`s quote currency: EUR
- Volume trade: 100 lots
- Order type: Buy
- Open price BMW: 57.480
- Currency EURUSD rate in MetaTrader 5: 1.18235
Calculations
- Commission (in the account’s deposit currency) = Open Price (in EUR) * Contract size (in Lots) * Commission Rate (in %) * Rate of commission currency (EUR) to the account’s deposit currency (USD)
- Commission (in USD) = 57.480 EUR * (100 Lots * 1 BMW Stock) *0.10% * 1.18235 = 6.80 USD