1. What are the trading commissions?
Our trading commissions are set at $7 per lot. The trading commission only apply to Forex related pairs. Indices, Crypto and Metals have Zero Commissions.
2. How are trading commissions calculated?
Trading commissions are calculated based on the number of lots traded. For each standard lot (100,000 units of the base currency), a commission of $7 is charged.
3. When are trading commissions charged?
Trading commissions are charged at the time of trade execution. This means the commission is applied when you open a position and again when you close it.
4. Are there any additional fees besides the trading commissions?
Besides the trading commissions, you may incur other fees such as:
Spreads: The difference between the bid and ask price.
Swap Fees: Overnight financing charges for positions held open overnight.
These fees are standard in the industry and depend on the specific instrument traded and market conditions.