Admiral Markets Group consists of the following firms:

Admiral Markets UK Ltd

Regulated by the Financial Conduct Authority (FCA)
  • Leverage up to:
    1:30 for retail clients,
    1:500 for professional clients
  • FSCS protection
  • Negative balance protection
CONTINUE

Admiral Markets AS

Regulated by the Estonian Financial Supervision Authority (EFSA)
  • Leverage up to:
    1:30 for retail clients,
    1:500 for professional clients
  • Guarantee Fund
  • Negative balance protection
CONTINUE

Admiral Markets Cyprus Ltd

Regulated by the Cyprus Securities and Exchange Commission (CySEC)
  • Leverage up to:
    1:30 for retail clients,
    1:500 for professional clients
  • ICF protection
  • Negative balance protection
CONTINUE

Admiral Markets Pty Ltd

Regulated by the Australian Securities and Investments Commission (ASIC)
  • Leverage up to:
    1:500 for retail clients
  • Volatility protection
CONTINUE
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Note: If you close this window without choosing a firm, you agree to proceed under the FCA (UK) regulation.
Regulator fca efsa CySEC asic

Commissions

Admiral.Prime

Admiral.Markets

Admiral.Invest


Commission for trading currencies and spot metals on Admiral.Prime accounts

Commissions Rates

Account currency Commission Rate per 1.0 lots
Forex & Spot Metals
BGN 5.0
CHF 3.0
CZK 75.0
EUR 3.0
GBP 2.0
HRK 20.0
HUF 850.0
PLN 12.5
RON 12.5
USD 3.0

Calculation Formula

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

Where:

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 = 5000 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.


Example 1

Initial values


  • Account`s deposit currency: EUR
  • EUR commission rate: 3.0
  • Instrument traded: USDCAD
  • Volume traded: 1 lot

Calculations


  • Commission (in account`s deposit currency) = Contract size * Commission rate in account`s deposit currency * 2
  • Commission (in EUR) = 1 Lot * 3.0 EUR * 2 = 6.0 EUR

Example 2

Initial values


  • Account`s deposit currency: CHF
  • CHF commission rate: 3.0
  • Instrument traded: EURCAD
  • Volume traded: 1 lot

Calculations


  • Commission (in account`s deposit currency) = Contract size * Commission rate in account`s deposit currency * 2
  • Commission (in CHF) = 1 Lot * 3.0 CHF * 2 = 6.0 CHF

Example 3

Initial values


  • Account`s deposit currency: GBP
  • GBP commission rate: 2.0
  • Instrument traded: XAUUSD
  • Volume traded: 1 lot

Calculations


  • Commission (in account`s deposit currency) = Contract size * Commission rate in account`s deposit currency * 2
  • Commission (in GBP) = 1 Lot * 2.0 GBP * 2 = 4.0 GBP


Commission for trading CFDs on US Stocks on Admiral.Markets accounts

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:

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.


Example 1

Initial values


  • Account`s deposit currency: USD
  • Instrument traded: #GOOG
  • Volume traded: 1 lot
  • Order type: Buy
  • Open price #GOOG: 573.15
  • Close price #GOOG: 575.15

Calculations


  • Commission (in account`s deposit currency) = Contract size (in CFDs) * Commission per 1 CFD * Rate of USD to account`s deposit currency (USD)
  • Commission (in USD) = (1 Lot * 100 CFDs on Google Stocks) * 0.10 USD * 1 = 10 USD

Example 2

Initial values


  • Account`s deposit currency: EUR
  • Instrument traded: #GOOG
  • Volume traded: 10 lot
  • Order type: Sell
  • Open price #GOOG: 573.15
  • Close price #GOOG: 571.15
  • EURUSD price: 1.33961

Calculations


  • Commission (in account`s deposit currency) = Contract size (in CFDs) * Commission per 1 CFD * Rate of USD to account`s deposit currency (EUR)
  • Commission (in EUR) = (10 Lot * 100 CFDs on Google Stocks) * 0.10 USD * (1 / 1.33961) = 100 USD / 1.33961 = 74.65 EUR


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.



Commissions for trading US Stocks on Admiral.Invest accounts

Formula

A 0.01 USD (or the equivalent in another currency) per share per side (i.e. separately for opening and closing positions) commission is charged on Admiral.Invest accounts. For US stocks, 1 lot equals 1 stock. Therefore, the commission for 100 lots equals USD 0.01 * 100 stocks = 1 USD. The minimum commission is 1 USD. To make the calculations more clear, let`s consider several examples.


Example 1:Buying a US Stock

Initial values


  • Account`s deposit currency: USD
  • Instrument: AAPL
  • Instrument`s quote currency: USD
  • Volume trade: 150 lots
  • Order type: Buy
  • Open price AAPL: 156.92

Calculations


  • Commission (in the account’s deposit currency) = Contract size * Commission per 1 stock * Rate of USD to the account’s deposit currency (USD)
  • Commission (in USD) = (150 Lots * 1 Apple Stock) * 0.01 USD * 1 = 1.50 USD

Example 2:Selling a US Stock

Initial values


  • Account’s deposit currency: USD
  • Instrument: AAPL
  • Instrument`s quote currency: USD
  • Volume trade: 50 lots
  • Order type: Sell
  • Open price AAPL: 165.45

Calculations


  • Commission (in the account’s deposit currency) = Contract size * Commission per 1 stock * Rate of USD to the account’s deposit currency (USD)
  • Commission (in USD) = (50 Lots * 1 Apple Stock) * 0.01 USD * 1 = 0.50 USD

Since the mathematical value of the commission is lower than the minimum commission per side (i.e. 1 USD ), a minimum commission charge of 1 USD is applied to this transaction.


Example 3:Buying a US Stocks

Initial values


  • Account`s deposit currency: EUR
  • Instrument: GOOG
  • Instrument`s quote currency: USD
  • Volume trade: 500 lots
  • Order type: Buy
  • Open price GOOG: 1003.60
  • Currency EURUSD rate in MetaTrader 5: 1.08235

Calculations


  • Commission (in account`s deposit currency) = Contract size * Commission per 1 stock * Rate of USD to account`s deposit currency (EUR)
  • Commission (in EUR) = (500 Lots * 1 Google Stock) * 0.01 USD * (1/1.08235) = 5 USD /1.08235 = 4.62 EUR

Commission for Trading EU Stocks on Admiral.Invest Accounts


Calculation guidelines

Commission charged for an EU share is 0.1% of the transaction`s notional value per side (i.e. separately for buying and selling). The minimum commission is 4 EUR.

Therefore, the commission value of the EU Stocks is calculated as the Transaction`s Notional Value (Amount of Stocks * Stock price) * 0.1% * Exchange Rate,


Whereas:

  • Transaction`s Notional Value is calculated as Order Open Price * Contract Size (in Lots);
  • 0.1% is a multiplier representing the commission rate;
  • The Exchange Rate is a multiplier representing the conversion rate from the commission currency (EUR) to your account’s currency;

If the resulting commission value, calculated using the above formula, is less than the minimum commission value(i.e. 4 EUR), then the minimum commission charge is applied.


Example 1:Buying an EU Stocks

Initial values


  • Account`s deposit currency: EUR
  • Instrument: BNP
  • Instrument`s quote currency: EUR
  • Volume trade: 250 lots
  • Order type: Buy
  • Open price BNP: 66.300

Calculations


  • Commission (in account`s deposit currency) = Open Price (in EUR) * Contract size (in Lots) * Commission Rate (in %)
  • Commission (in EUR) = 66.300 EUR * (250 Lots * 1 BNP Paribas Stock) * 0.1% = 16.58 EUR

Example 2: Selling an EU Stock

Initial values


  • Account`s deposit currency: EUR
  • Instrument: BNP
  • Instrument`s quote currency: EUR
  • Volume trade: 100 lots
  • Order type: Sell
  • Open price BNP: 69.230

Calculations


  • Commission (in the account’s deposit currency) = Open Price (in EUR) * Contract size (in Lots) * Commission Rate (in %)
  • Commission (in EUR) = 69.230 EUR * (100 Lots * 1 BNP Paribas Stock) * 0.1% = 6.93 EUR

Example 3: Buying a EU Stocks

Initial values


  • Account`s deposit currency: USD
  • Instrument: BMW
  • Instrument`s quote currency: EUR
  • Volume trade: 1000 lots
  • Order type: Buy
  • Open price BNP: 87.480
  • Currency EURUSD rate in MetaTrader 5: 1.08235

Calculations


  • Commission (in the account’s deposit currency) = Open Price (in EUR) * Contract size (in Lots) * Commission Rate (in %) * Rate of commission currency (EUR) to the account’s deposit currency (USD)
  • Commission (in EUR) = 87.480 EUR * (1000 Lots * 1 BMW Stock) *0.1% * 1.08235 = USD 94.69


Commission Rates for UK Share CFDs on Admiral.MT5 Accounts

Calculation Guidelines

The commission charged for UK share CFDs is 0.1% of the transaction`s notional value, with the minimum commission being 300 GBX – or 3.0 GBP – per transaction.

Commission is charged per side of the trade (i.e. separately for opening and closing transactions). Therefore, the round turn commission value for UK CFDs is calculated as: the Transaction`s Notional Value * 0.1% * Exchange Rate * 2 trade sides,

whereas:


  • the transaction`s Notional Value is calculated as: CFD Open Price * Contract Size (in Lots);
  • 0.1% is a multiplier representing the commission rate;
  • Exchange Rate is a multiplier representing the conversion rate from the commission currency (GBP) to your account`s currency;
  • 2 is a doubling multiplier, as the commission is charged for both sides of the trade. If the resulting commission value, calculated using the above formula, is less than the minimum commission value, then the minimum commission charge is applied.

The following examples show how you can calculate the commission levels for opening a long and short positions on #EZJ (easyJet PLC CFD) and #RR (Rolls-Royce Holding PLC CFD).

Important Note:

CFDs (Contracts for Difference) are derivative contracts that allow traders to take advantage of the price fluctuations of the underlying asset without acquisition of the ownership rights for that asset. Learn more about the benefits of our share CFD offering.


Example 1: Opening a Long Position on #EZJ and Paying Commission

Initial Values


  • Account`s deposit currency: USD
  • Instrument: #EZJ
  • Instrument’s quote currency: GBX
  • Lot size: 1 share CFD
  • Contract size: 1000 lots
  • Open price #EZJ: 1678.49
  • Current GBXUSD rate in MetaTrader 5: 0.01415

Calculations


  • Commission (in the account`s deposit currency) = CFD Open Price (in GBX) * Contract size (in Lots) * Commission Rate (in %) * Rate of commission currency (GBX) to the account`s deposit currency (USD) * 2 trade sides
  • Commission (in USD) = 1678.49 GBX per share CFD * 1000 lots * 0.1 / 100 * 0.01415 * 2 = 47.50 USD

Since the mathematical value of the commission is higher than the minimum commission per two sides (i.e. 300 GBX * 2 = 600 GBX or 6.0 GBP), a commission charge of 47.50 USD is applied to this position.


Example 2: Opening a Short Position on #RR and Paying the Minimum Commission

Initial Values


  • Account`s deposit currency: USD
  • Instrument: #RR
  • Instrument’s quote currency: GBX
  • Lot size: 1 share CFD
  • Contract size: 50 lots
  • Open price #RR: 852.40
  • Current GBXUSD rate in MetaTrader 5: 0.01415

Calculations


  • Commission (in the account`s deposit currency) = CFD Open Price (in GBX) * Contract size (in Lots) * Commission Rate (in %) * Rate of commission currency (GBX) to the account`s deposit currency (USD) * 2 trade sides
  • Commission (in USD) = 852.40 GBX per share CFD * 50 lots * 0.1 / 100 * 0.01415 * 2 = 1.20 USD (0.87 GBP)

Since the mathematical value of the commission is lower than the minimum commission, a minimum commission charge of 6 GBP or 600 GBX – (or 8.25 USD in the account`s currency) is applied to this position.



Risk Warning

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.