Commissions

Commissions for currency trading and metals for Admiral.Prime account holders.

Commissions

Currency of the account Commission per 1 lot
Currency pairs and spot gold Spot silver
EUR 3.0 0.3
GBP 2.0 0.2
USD 3.0 0.3
AUD 3.5 0.3
JPY 300 30.0
SGD 3.5 0.4

How to calculate

Forex broker commission is applicable per 1.0 lots on Admiral.Prime trading accounts. While the listed commission applies for a single side trade, your account will be charged a full-turn trade commission (for both opening and closing) once you’ve opened a position. This means that you will be charged double.

Commission (in the deposit currency) = Contract size * Commission rate in account's deposit currency * 2

Where:

Contract size = Volume of the trade in lots

For FX currency pairs:

1 lot = 100,000 base currency units. Base currency means the currency quoted first in a currency pair, e.g. 1 lot of AUDUSD = 100,000 AUD.

For spot metals:

1 lot = 500 troy oz. spot silver (XAGUSD);

1 lot = 100 troy oz. spot gold (XAUUSD).

Commission in the currency of your deposit - a fee specified by Admiral Markets for the currency of the given account.

You can learn more about Forex broker commissions with the examples below.

Example 1

Initial values


  • Deposit currency of your account: AUD
  • AUD commission rate: 3.0
  • Trading instrument: AUD/USD
  • Trading volume: 1 lot

Calculations


  • Commission = Size of the contract * Rate of commission in the account's currency of deposit * 2
  • Commission (in AUD) = 1 lot * 3.0 AUD * 2 = 6.0 AUD

Example 2

Initial values


  • Deposit currency of your account: USD
  • USD commission rate: 3.0
  • Instrument traded: USD/JPY
  • Volume traded: 1 lot

Calculations


  • Commission = Size of the contract * Rate of commission in the account's currency of deposit * 2
  • Commission (in USD) = 1 lot * 3.0 USD * 2 = 6.0 USD

Example 3

Initial values


  • Deposit currency of your account: EUR
  • EUR commission rate: 3.0
  • Instrument traded: XAUUSD
  • Volume traded: 1 lot

Calculations


  • Commission = Size of the contract * Rate of commission in the account's currency of deposit * 2
  • Commission (in EUR) = 1 lot * 3.0 EUR * 2 = 6.0 EUR


Commission for CFDs on US stocks, are applicable to Admiral. Markets account holders.

Formula

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.

Important notes:

Contract for Differences (CFD) is a type of a derivative trading instrument that lets traders benefit from the price fluctuations of a certain asset without owning this asset. This way, traders have an easier opportunity to go short (sell) various trading instruments. You can see the way it works in the second example below.

Commissions on CFDs are not influenced by the difference in opening and closing prices of traded stocks.

Example 1

Initial values


  • Deposit currency of your account: USD
  • Trading instrument: #GOOG
  • Trading volume: 2 lots
  • Order direction: Buy
  • Open price #GOOG: 545.10
  • Close price #GOOG: 548.10

Calculations


  • Commission = Size of the contract * Rate of commission per 1 CFD * Exchange rate of your account currency (USD) to USD
  • Commission (in USD) = (2 lots * 100 CFDs of Google Stocks) * 0.10 USD * 1 = 20 USD

Example 2

Initial values


  • Deposit currency of your account: AUD
  • Trading instrument: #GOOG
  • Trading volume: 5 lots
  • Order direction: Sell
  • Open price #GOOG: 540.10
  • Close price #GOOG: 545.10
  • AUDUSD price: 0.73335

Calculations


  • Commission = Size of the contract * Rate of commission per 1 CFD * Exchange rate of your account currency (AUD) to USD
  • Commission (in AUD) = (5 lots * 100 CFDs of Google Stocks) * 0.10 USD * (1 / 0.73335) = 68.18 AUD

Commissions for European share CFDs on Admiral.Markets accounts

Calculation guidelines

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,


whereas

  • Transaction's Notional Value is calculated as CFD Open Price * Contract Size (in Lots);
  • 0.05% is a multiplier representing the commission rate;
  • Exchange Rate is a multiplier representing the conversion rate from the commission currency (EUR) to your account's currency;
  • 2 is a doubling multiplier as the commission is charged for both trade sides in a single transaction upon opening a position.

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).


Important note:

CFD (Contract for Difference) is a derivative contract that allows to take advantage of price fluctuations of the underlying asset without acquisition of the ownership rights for this asset. Learn more about the benefits of our share CFDs offering.


Example 1: opening a position on #BMW and paying a commission

Initial values


  • Account's deposit currency: USD
  • Instrument: #BMW
  • Lot size: 1 share CFD
  • Contract size: 100 lots
  • Open price #BMW: 84.090
  • Current EURUSD rate in MetaTrader 4: 1.08235

Calculations


  • Commission (in account's deposit currency) = CFD Open Price (in EUR) * Contract size (in Lots) * Commission Rate (in %) * Rate of commission currency (EUR) to account's deposit currency (USD) * 2 Trade Sides
  • Commission (in USD) = 84.090 EUR per share CFD * 100 lots / 100 * 0.05 * 1.08235 * 2 = 9.10 USD

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.


Example 2: opening a position on #DBK and paying a minimum commission

Initial values


  • Account's deposit currency: USD
  • Instrument: #DBK
  • Lot size: 1 share CFD
  • Contract size: 5 lots
  • Open price #DBK: 18.820
  • Current EURUSD rate in MetaTrader 4: 1.08235

Calculations


  • Commission (in account's deposit currency) = CFD Open Price (in EUR) * Contract size (in Lots) * Commission Rate (in %) * Rate of commission currency (EUR) to account's deposit currency (USD) * 2 Trade Sides
  • Commission (in USD) = 18.820 EUR per share CFD * 5 lots / 100 * 0.05 * 1.08235 * 2 = 0.10 USD

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.