Many of you have already taken the advantage of the Admiral.Prime account with its lightning-fast execution, tight spreads from 0 pips and deep liquidity which allows placing bigger orders.
We are happy to announce that starting from August 10th, 2015, Admiral.Prime account terms will become even more favorable as we will cut the commission and apply a simplified calculation model as follows:
- currency pairs and spot gold - USD 3.01 per 1.0 lots;
- spot silver - USD 0.3 per 1.0 lots.
The current commission rate is USD 35 per 1 million USD of a position's notional value, which is about USD 7.63 per 1.0 lots EURUSD round turn (assuming the market rate is 1.09).
In that way the new commission will cut the trading-related overhead costs on most popular instruments2, plus it is apparently several degrees more transparent and simple.
Perspective commission rates for all deposit currencies supported by Admiral Markets are listed below:
1 Commission is indicated for a single-sided trade. Commission for a round turn trade (opening and closing) is doubled.
2 Please note that commission charges for instruments with base currencies quoted below 1.0 USD (such as AUD, NZD) will naturally increase.