Commissions

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

Commissions Rates

Account currency Commission Rate per 1.0 lots
Forex & Spot Gold Spot Silver
BGN 5.0 0.5
CHF 3.0 0.3
CZK 75.0 7.5
EUR 3.0 0.3
GBP 2.0 0.2
HRK 20.0 2.0
HUF 850.0 85.0
PLN 12.5 1.3
RON 12.5 1.3
USD 3.0 0.3

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 = 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.

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.