Commission for trading currencies and spot metals on Admiral.Prime accounts
|Account currency||Commission Rate per 1.0 lots|
|Forex & Spot Gold||Spot Silver|
A commission is charged per 1.0 lots of transaction's value on Admiral.Prime accounts. This is a commission for a single side trade. Commission for a round turn trade (opening and closing) is doubled and is fully charged at the opening of the order. The formula below shows how exactly the commission is calculated:
Commission (in the deposit currency) = Contract size * Commission rate in account's deposit currency * 2
Contract size = Volume traded in lots
For Forex currency pairs:
1 lot = 100,000 units of the base currency. Base currency is the currency quoted first in a currency pair (e.g. 1 lot of EURUSD = 100,000 EUR)
For spot metals:
1 lot = 500 troy oz. spot silver (XAGUSD);
1 lot = 100 troy oz. spot gold (XAUUSD).
Commission rate in account's deposit currency - a commission specified by Admiral Markets for account's deposit currency.
To make the calculations more clear let's consider several exact examples.
Commission for trading CFDs on Stocks on Admiral.Markets accounts
A USD 0.10 (or equivalent in another currency) commission is charged for trading 1 CFDs on Stocks on Admiral.Markets accounts. For CFDs on Stocks 1 lot equals 100 CFDs. Therefore commission for 1 lot equals USD 0.10 * 100 CFDs = 10 USD. To make the calculations more clear let's consider several exact examples.
CFD (Contract for Difference) is derivative contract that allows to take advantage of price fluctuations of the underlying asset without acquisition of the ownership rights for this asset. Thus in a second example you get an opportunity to benefit from Google stock price fall without being an owner of real stocks.
The difference between opening and closing prices of traded stock does not take part in CFDs commission calculations.