For clients trading on our Standard accounts, commission calculation will be based on the average spread and 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
At the time of closing, the prices were:
- Bid: 1.11910
- Ask: 1.11970
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
Сlosing spread (in pips) = (Ask Price - Bid Price) / Pip Size
= (1.11970 - 1.11910) / 0.0001
= 6 pips
Average spread = (Opening spread + Closing spread)/ 2
= (5.5 + 6)/2
= 5.75 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 5.75 x USD 20 = USD 37.95
- The commission will only be paid after the client closes the trade.
- The commission is subject to a bonus coefficient where applicable.
Close-by orders
For standard closure of orders, the system executes two separate market orders (closing the buy at the Bid price and the sell at the Ask price). This charges the spread twice, and hedged orders closed this way are counted as 2 spreads for your commission.
For close-by orders, the system matches and offsets the buy and sell positions against each other directly, without executing two separate exit orders. Because the positions cancel each other out internally, the spread is paid only once instead of twice, significantly reducing total transaction costs. Therefore, partner commission is only paid for 1 order (1 spread).
For CloseBy orders, 1 spread is counted thus commission is based on 1 order, while hedged orders are counted as 2 spreads and commission will be based on 2 orders.
The commission is calculated the same way as normal orders—by taking half of the opening spread and half of the closing spread to find the average:
Commission = Reward size x Average spread in pips x Pip value
Refer to your Partner commission information panel in your Partner Personal Area for more information or to view the transaction report for a breakdown of your rewards.
Example
Suppose a trader has:
- 1 lot Buy EURUSD
- 1 lot Sell EURUSD
If a trader closes both positions separately, they are treated as two separate closures; then 2 spreads are counted.
If a trader uses Close By, the Buy and Sell positions are offset against each other, then 1 spread is counted.
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