On the cTrader platform FxPro charges a commission fee of $45 USD per million traded. If your account is denominated in a currency other than USD you will need to convert this figure. FxPro’s Commission Calculator does this for you. Simply enter the size of your trade, the currency pair you are trading, your account currency, and click ‘Calculate’. The Commission Calculator will then determine how much commission you will pay for opening and closing the position.
The Commission Calculator works as follows:
Commission Each Side = (trade size * $45 per million traded) * account currency exchange rate
- Trading 100,000 GBP/JPY with an account currency in EURO
- 0.000045 * 100,000= £4.50 (Base currency of the pair traded)
- To convert to EUR we must divide by the EUR/GBP rate (0.798)
- Commission each way = €5.63
This will be charged when you enter and when you close the trade
The FxPro cTrader Commission Calculator is also available for mobile devices as part of the FxPro Tools app. Download the app today, on iOS and Android, to have access to all the trading calculators you need, whenever and wherever you need them.