Knowledge base
Contact

Visit our Website
www.fxopen.co.uk

Email our helpdesk
[email protected]

Call us
United Kingdom | +44 (0)20 3519 1224

Knowledge base: CFD
CFD - Commission
Posted by Olga Palikarpava on 20 November 2015 12:50 PM

Русский 中文

CFD trading has commission to open and to close a trade and the commission is deducted from Account Balance at the moment of opening the position.

The commission for trades on commodities (XBRUSD, XTIUSD, XNGUSD) is calculated using the following formula:

where:

  • Volume — volume of position in lots;
  • Lot Size — number of ounces, barrels or commodity units in one lot;
  • Opening Price — position’s opening price;
  • Commission in Percent — commission in percent charged per 1 lot;
  • K — Profit Currency (second currency in the symbol) to Deposit Currency conversion rate.

Example:

  • Trade: XTIUSD (US Crude Oil)
  • Deposit Currency: USD
  • Profit Currency: USD
  • Conversion Rate: 1
  • Commission in Percent: 0.005
  • Commission mode: round turn
  • Opening Price: 47.17
  • Volume: 2 lots
  • Lot Size: 1000

Commission rounded: 4.72 (USD)


The commission for trades on indices is calculated using the following formula:

where:

  • Volume — volume of position in lots;
  • Lot Size — number of contracts in one lot;
  • Commission in Pips — commission in pips charged per 1 lot;
  • Digits — the number of digits in the quote after the decimal point;
  • K — Profit Currency (second currency in the symbol) to Deposit Currency conversion rate.

Example:

  • Trade: #AUS200 (Australia 200)
  • Deposit Currency: USD
  • Profit Currency: AUD
  • Conversion Rate: AUD/USD ask = 0.72585
  • Commission in Pips: 8
  • Commission mode: round turn
  • Volume: 5
  • Lot Size: 10 lots
  • Digits: 1

Commission rounded: 29.04 (USD)

(10 vote(s))
This article was helpful
This article was not helpful