|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.
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 US Stocks 1 lot equals 100 stock 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.
Commission charged for the EU share CFDs is 0.05% of the transaction's notional value, with the minimum commission being 3 EUR per transaction.
Commission is charged in full amount (i.e. as a summary commission for opening and closing transactions) upon opening a position.
Therefore, the commission value for the EU CFDs is calculated as Transaction's Notional Value * 0.05% * Exchange Rate * 2,
If the resulting commission value calculated using the above formula is less than the minimum commission value for both sides (i.e. 3 EUR * 2 sides = 6 EUR), then the minimum commission charge is applied.
The following examples show how you can calculate the commission for your positions on #BMW (Bayerische Motoren Werke AG CFD) and #DBK (Deutsche Bank AG CFD).
Since the mathematical value of the commission is higher than the minimum commission per two sides (i.e. 3 EUR * 2 = 6 EUR), a commission charge of 9.10 USD is applied to this position.
Since the mathematical value of the commission is lower than the minimum commission per two sides (i.e. 3 EUR * 2 = 6 EUR), a minimum commission charge of 6 EUR (6.49 USD in account's currency) is applied to this position.
Risk disclosure: Forex and CFD's carry a high level of risk and losses may exceed your initial deposit. Admiral Markets Cyprus Ltd recommends you seek advice from an independent financial advisor to ensure that you understand the risks involved with Forex, CFD’s, Margin and Leveraged trading. Additionally, please be advised to study our Key Information Documents in order to understand the nature, risks, costs, potential gains and losses of products offered by us.