Commission conditions

The commission for a trade is set on a group of instruments (Instrument group) and is charged in one separate transaction with type Daily PL and subtype Commission. The commission is calculated at the moment of the trade execution and, at the same moment, the Current balance of the account is reduced by the commission amount. Until the moment of commission charging transaction, the commission amount is displayed in the Future cash flow section.

Click ADD NEW COMMISSION to open a side page that allows you to create and configure a new commission in the current tariff. To add a new commission, you have to specify the group of instruments to which the commission will be applied, commission volume and its measurement:

• Percent,
• Amount per contract,
• Amount per unit,
• Pips (pip size is set in the instrument),
• Points (MPI is set in the instrument),
• Fixed.

Amount per unit is calculated per unit of asset in the lot, as opposed to the Amount per contract, which only takes into account the number of lots.

When selecting the Fixed type, regardless of the trade volume, a specified commission in quoted currency of the asset is applied to the instrument group.

Please note! The additional commission value is in any case calculated based on the instrument volume in the trade.

Click ADD COMMISSION to add it to the current Tariff.

A side page will open to fill in the commission details:

Field Name	Description
Instrument group	The group of instruments to which the commission will be applied.
Commission	The commission amount (can be specified as a percentage, an amount per contract, an amount per unit, in pips, or in points).
Min order commission	The minimum commission that will be applied to an order or trade.
Min price	The minimum instrument price at which the commission is charged.
Additional value	An extra commission charged if the trade price is lower than the value specified in the Min price field.

The Enable external commission multiplier checkbox allows you to multiply the commission amount specified in the associated external trade (on real/provider account) by the value specified in the field. If the checkbox is enabled, the client will be additionally charged an external commission, that is, the one that you (the broker) pay to your external provider. If this value is used, then you must fill out the tariff for the real account so that the system knows what commission is charged to the broker.

When a commission is added - it will be reflected in the common list of commissions. If necessary, it can be edited or deleted. The commission amount will be taken into account when making a transaction. The system will check if there are enough funds to charge the commission for the trade.

The variability of commission calculation is also implemented, depending on the specified conditions. Commission calculation procedure:

• Min Price check - If it is necessary to charge different commission depending on the instrument price, when setting the commission for a group of instruments the instrument price is set, in relation to which the system checks the trade price:
• If the trade price is less than Min Price, the conditions set in a separate line in the tariff are applied. If the tariff for the given instrument group is not set in a separate line, the commission is not charged.
• If the trade price is greater or equal to Min Price - the conditions set in this line of the tariff are applied.
• Calculation of the main commission for the trade according to the value set in the Commission field.
• Calculation of additional commissions for a trade. In addition to the main tariff it is possible to set the following additional commissions:
• • Additional value - additional tariff, the fields are selected in the same way as the fields in the main tariff
• • External commision multiplier - the commission amount specified in the linked external trade (trade on Real account) will be multiplied by the specified value.

It is possible to set either one or both external commissions per trade, as well as only External commision multiplayer without setting the main/additional tariff.

• Summing up the main and additional commissions and checking the summed value against the Min order commission set for the instrument group. Min order commission is set in the calculated currency of the instrument.
• • If the sum of commissions is less than or equal to Min order commission - Min order commission is applied.
• • If the sum of commissions is greater than Min order commission - then the sum of main and additional commissions is applied.

It is also possible to set up charging of an external commission (i.e. the commission specified in the related trade on Real account) by a separate transaction (Netting settings - Promote external commission). In this case there will be two transactions of writing off the commission:

• with type Daily PL and subtype Commission - for the amount of commission calculated according to the above described procedure
• with type Daily PL and subtype External - for the amount of external commission.

Commission calculation

Commissions are calculated based on the selected measurement.

For percent:

instrument amount * multiplier * trade price * commission value / 100

For amount per contract:

instrument amount * commission value

For amount per unit:

instrument amount * lot size * commission value

For pips:

instrument amount * multiplier * commission value * instrument pips value

For points:

instrument amount * multiplier * commission value * intstument MPI

Calculation of instrument multiplier

The multiplier is calculated depending on the Price unit and Lot size specified for the instrument in the Instruments section of the system:

Price unit	Multiplier
Currency per unit	Lot size
Percent per unit	0,01
Pence per unit	0,01
Currency per lot	1