We apply a commission on the Advantage account type. The same commission structure is applied to Advantage MT4 and Advantage MT5 accounts:
Instrument Class |
Commission |
---|---|
FX |
$3.5 per lot traded ($7 round turn) |
Spot Metals |
$25 per million notional value traded |
Indices CFD and Commodity CFD |
$35 per million notional value traded |
Cryptocurrency CFDs |
0.05% of the notional value |
Stock CFDs (only MT5) | $0.02 per side/lot (1 share = 1 lot) on Stock CFDs |
How to calculate commission for different instruments?
For MT4 accounts, commission is applied once for both opening and closing trades. Therefore, you only need to know the opening price to calculate the commission. Let's go ahead and explore further examples.
FX Currency Pairs
As mentioned for Forex Currency pairs, the commission is calculated as 3.5 per lot traded. As the commission is charged twice: for opening and closing a position, the commission for trading 1 lot of EURUSD can be calculated like this:
Commission = 2.5 (lot) * 3.5 (commission) * 2 (round turn) = $17.5
If you open 0.6 lots of EURUSD for 1.0772,
Commission = 0.6 (lot) * 3.5 (commission) * 2 (round turn) = $ 4.2
Spot Metals
Spot Metals Commission is charged at $25 per million notional value traded. To calculate use the following formula.
If you open 1 lot of XAUUSD for $ 2274,
Commission = (2274 (open price) * 1 (lot) * 100 (Contract Size))* 25 (commission) * 2 (round turn) / 1`000`000 = $ 11.38
Indices
If you open 1 lot of US500 for $ 5202,
Commission = (5202(open price) * 1 (lot) * 1 (Contract Size))* 35 (commission) * 2 (round turn) / 1`000`000 = $ 0.36
How is the commission calculated on Advantage MT5?
In MT5 accounts, a commission is charged twice: once upon opening a trade and again when closing it. To calculate the commission on an MT5 account, you need to be aware of both the opening and closing prices.
FX Currency Pairs
Example 1:
If you open 1 lot of EURUSD for 1.0772,
As mentioned for Forex Currency pairs, the commission is calculated as 3.5 per lot traded. As the commission is charged twice: for opening and closing a position, the commission for trading 1 lot of EURUSD can be calculated like this:
Commission = 1 (lot) * 3.5 (commission) * 2 (round turn) = $ 7
Example 2:
If you open 0.6 lots of EURUSD for 1.0772,
Commission = 0.6 (lot) * 3.5 (commission) * 2 (round turn) = $ 4.2
Spot Metals
Spot Metals Commission is charged at $25 per million notional value traded. To calculate use the following formula.
(Closing Price x Lots (vol) X Contract Size) x Commission /1,000,000
Example 1:
If you open 1 lot of XAUUSD for $ 2274,
Commission = (2274 * 1 * 100 * 25 / 1`000`000) + (2350 * 1 * 100 * 25 / 1`000`000)= $ 11.57
Indices
If you open 1 lot of US500 for $ 5202,
Commission = (5202 * 1 * 1 * 35 / 1`000`000) + (5400 * 1 * 1 * 35 / 1`000`000)= $ 0.37
Stocks CFD
If you open 1 lot of GOOGLE for $154.3, and close price with $156.6
Commission = (1 * $ 0.02) + (1* $ 0.02) = $ 0.04
Do you charge a commission on stock trading?
US stock charges on Advantage and Advantage Plus MT5 | ||
---|---|---|
Type | Commission | Charged by |
US Stock commission | $0/trade** | N/A |
Platform usage | $0/trade** | N/A |
Collection of dividend tax | 30% X Dividend (automatic withholding on distribution) | IRS, USA |
Live pricing data fee | Free live pricing | N/A |