At Traderís Way, Prime Online Forex and CFD broker, we offer our clients some of the most competitive trading conditions in the market. Moreover, due to our trading tools and latest apps, our clients are able to take advantage of even the smallest movement in the market. As part of our ongoing series, hereís a recap on Commissions. Commissions for ECN accounts are charged on per volume traded basis. You can work out the deal commission by dividing the total lots you have traded by one million and then factoring in the ECN commission value.
ECN commission = Traded Volume in USD / 1,000,000 x ECN commission in USD per 1M USD traded volume
Example: Sam is buying 1 lot of EURUSD. The current EURUSD rate is 1.3000. The ECN commission would be 30 USD per 1M USD traded volume.
Keep in mind that deal volume is measured in the base currency terms. In this example, Sam's deal volume is 100,000 EUR.
The commission when Sam opens the deal = 100,000 EUR x 1.3000 /1,000,000 x 30 USD = 3.9 USD
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