For clients trading on our Standard accounts, commission calculation will be based on the partner level.
All instruments available for trade on a Standard account go by the suffix ‘m’. For example, EURUSDm, GBPUSDm.
Calculating commission
A client registers under your partner link and trades 2 lots GBPUSDm from the Forex_Group category in a Standard account. The opening prices at the time were:
- Bid: 1.11920
- Ask: 1.11975
If we assume that you are a Bronze partner (33% commission size):
Opening spread (in pips) = (Ask Price - Bid Price) / Pip Size
= (1.11975 - 1.11920) / 0.0001
= 5.5 pips
To find the pip value for a particular order, use our Trading Calculator. According to the calculator, the pip value for this order is 20 USD.
Therefore, Commission = 0.33 x 5.5 x USD 20 = USD 36.30
- The commission will only be paid after the client closes the trade.
- The commission is subject to a bonus coefficient where applicable.
For orders executed by Close by function, the formula is:
Commission = Reward size x Opening spread in pips x Pip value
For CloseBy orders, 1 spread is counted, while hedged orders are counted as 2 spreads.
Refer to your Partner commission information panel in your Partner Personal Area for more information.
Instrument groups available for trade
The groups of instruments available for trade on Standard accounts are:
- Forex currency pairs
- Indices
- Stocks
- Commodities
- Cryptocurrencies