How is commission calculated?
Article ID: 104793

Question

How is commission calculated?

Answer

The commission for a round-lot is charged at USD 7. But when USD is not the base currency, it can be confusing, so please see the example below:

 

Example: 1-lot EURUSD trade at the exchange rate of 1.3200 will be subject to a commission of USD 9.24, as the base currency is not USD.

 

EUR 7 x 1.32 = USD 9.24

 

Bear in mind that the commission is always USD 7 per 1-lot of USD, regardless of the instrument you trade. If USD is not the base currency, you will have to use the exchange rate to USD.

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Article Details

Views: 1618	Created on: Jul 22, 2021 Date updated: Mar 06, 2023
Posted in: English, Common Knowledge

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