Commission conditions

Commissions for executing a trade or placing an order are set on the Instrument group. When a trade is made, in the Transactions tab of daily operations, netting is formed to be executed.

Once executed, the nettings are displayed in the Transactions table on the date they were executed.

Depending on the type, commissions are displayed in separate transactions:

• Client commission - with type Daily PL and subtype Commission;
• Provider (external) commission - with type External Commission and specified subtype.

The commission is calculated at the moment of making a trade and, at the same moment, the Current balance of the account is reduced by the amount of the commission. Until the transaction of the commissoin debiting is made, the commission amount is shown in the Future cash flow indicator.

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The commission conditions table contains different information for the client account, to which the settings specified in the Commission section apply, and the provider account, to which the settings specified in the External commission section apply.

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The following information is displayed for client commissions in the table:

Field name	Description
Instrument group	The Instrument group to which the commission is applied.
Session	Trading session during which the commission applies: Settings specified in the Main block apply to all sessions. Added settings blocks, such as Pre market or After market, apply only to the corresponding sessions.
Commission	Commission amount: The value can be specified as a percentage, pips, points, per contract, or per unit.
Min commission conditions	The minimum commission applied to a trade or order (if the sum of the established commissions is less than or equal to the specified value in the quoted currency of the instrument).
Min price	The minimum price of an instrument at which a commission is charged for a trade.
Additional value	An additional commission charged when the instrument price in a trade is less than the value specified in the Min price field.
Isolated trade commission	Set to Yes if the Min commission conditions setting is per trade, not per order.
External commission multiplier	If the Enable external commission multiplier checkbox is enabled, the provider's commission, multiplied by the multiplier value, is added to the client's trade.

Please note! If the Min price field is filled in, no commissions will be applied to trades involving instruments with a price below it. To set up multiple commissions for a single group, please follow the instructions for Setting up complex commissions.

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The following information is displayed for external commissions in the table:

Field name	Description
Ext fee netting date	The day on which netting occurs for the trade: Trade date or Value date of the trade.
External commission	External commission type (affects the type of the generated transaction).
Commission	External commission amount: the value can be specified as a percentage, pips, points, an amount per contract, an amount per unit or as a fixed value.
Apply side	The side (direction of the trade) to which the commission is applied:Buy, Sell, or Both directions of the trade.
Min price	The minimum commission amount of the specified type that can be applied to a single trade.
Max price	The maximum commission amount of the specified type that can be applied to a single trade.
Limit quote amount	Limit on the quoted asset in a trade, above which a commission will be charged.

Adding a client commission

Click the Add commission button to create and configure a new commission for the current tariff. In the sidepage that opens, fill in the Instrument group and Commission fields, and specify the commission amount. The remaining fields are optional:

Field Name	Description
Instrument group	Instrument group to which the commission applies.
Session	Trading session during which the commission applies: Commission settings specified in the Main block apply to all sessions. Added settings blocks, such as Pre market or After market, apply only to the corresponding sessions.
Commission	Commission amount: the value can be specified as a percent, pips, points, amount per contract, amount per unit or fixed value.
Minimum Commission Conditions	The minimum commission applied to a trade or order (if the sum of the established commissions is less than or equal to the specified value in the quoted currency of the instrument).
Min price	The minimum price of an instrument at which a commission is charged for a trade.
Additional value	An additional commission value charged when the instrument's price in the trade is less than the value specified in the Min price field.
Enable external commission multiplier	If checkbox is enabled for the setting, the provider's commission (specified in the External commission block or pre-set on the provider's account) is added to the client's trade, multiplied by the multiplier value specified in the field that appears.

Please note! To add a new commission, simply specify the instrument group to which the commission will apply and its unit. The commission unit affects the commission calculation rule. Commission calculation rules for different unit types are provided at the end of the article.

Also note! In the selector next to the Min commission conditions field, the Trade option can be selected. The commission will then be charged for each trade within the order. The Isolated trade commission field in the settings table will be set to Yes.

Important! The additional commission value is always calculated based on the instrument amount in the trade.

The Add session commission button allows to separately set the Additional commission values applied to the Pre Market and After Market sessions.

Please note! The final commission applied to a trade or order is calculated using the following formula: - Client commission = Commission + Additional Value (specified in the Main block) + Additional Value (from the session commission blocks)

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Once a commission setting is added, it will be displayed in the table. It can be edited or deleted if necessary. The commission amount will be taken into account when the trade is being made. The system will check to ensure sufficient funds are available to debit the commission when the trade is made.

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Mechanism for calculating complex commissions

The variability of commission calculation is 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.

An example of setting up such commissions can be found in the article on Complex commissions set up.

Adding an external commission

The Commission source field allows to select the source from which external commissions will be added to the account:

• Provider - external commissions will be applied to client trades according to the commissions set in the provider's account;
• Manual - external commissions will be applied to client trades according to manually specified settings.

The Ext fee netting date field allows to set the commission date - Trade date or Value date - on which external commission nettings will appear in the transactions tab of Daily operations.

Important! External commissions are not taken into account when placing trading orders.

Source type Provider

Using the Add external commission button, you can specify the commission subtypes that will be applied to the client's account.

Source type Manual

This source type allows to manually configure external commissions for any selected subtype, which will be applied to the client's account. Using the Add external commission button, you can add specific commission subtypes from the list for configuration:

• Exchange fee;
• Clearing house fee;
• Counterparty fee;
• External broker fee;
• Extra quote amount fee;
• NFA fee;
• Remit fee;
• Stamp duty;
• Stamp duty reserve tax;
• Tax.

Please note! Setting a specific commission subtype in the Manual source will override the existing commission subtype configured on the provider's account.

The following parameters can be configured for all commission subtypes:

• Commission and its measurements;
• Apply side (side of the trade) to which the commission will be applied: Buy, Sell, or Both - both sides of the trade;
• Min/Max price - minimum and maximum commission amounts;
• Limit quote amount - allows to set a limit on the quoted asset in the trade, above which the commission will be charged.

Commission calculation in absolute value

For commission in Percent:

Quote amount x Price of the instrument in the trade x Commission / 100

For commission in Amount per contract:

Amount of instrument in the trade x Commission

For commission in Amount per unit:

Amount of instrument in the trade x Lot size of the instrument x Commission

For commission in Pips:

Amount of instrument in the trade x Pip size of the instrument x Commission

For commission in Points:

Amount of instrument in the trade x Instrument MPI x Commission

For Fixed commission:

Commission applies to trades of exactly the specified volume.

Calculation Parameters

Calculation parameters such as instrument MPI, Pip size, and Lot size can be found in the Instruments section.

Trade parameters - Quote amount, Amount, and Price - are displayed in the trade itself.