FxPro Commissions & Swap Charges

Commission Charges

FxPro clients can expect commission charges only on Forex pairs & Spot Metals on the FxPro cTrader platform. FxPro charges $45 per million USD traded. If a trading account is denominated in a currency other than USD, the figure is converted to the respective currency.

Commission fees are calculated as follows:: Commission per side = trade size in base currency X or / USD conversion rate X $45 per USD million traded
X or / account currency exchange rate

Example 1:

You are trading 100,000 GBPJPY. Your trading account is denominated in EUR: Step (i): Conversion of trade size from base currency to USD

100,000 GBP X 1.3110 (GBPUSD rate) = 131,100 USD

Step (ii): Calculate commission charges in USD ($45 per USD million traded)

131,100 USD X 0.000045 = 5.90 USD

Step (iii): Convert commission charges from USD to EUR (account currency)

5.90 USD / 1.1685 (EURUSD rate) = 5.05 EUR

Commission charges incurred upon opening and closing the position = 5.05 EUR.

Example 2:

You are trading 100,000 EURJPY. Your trading account is denominated in JPY: Step (i): Conversion of trade size from base currency to USD

100,000 EUR X 1.1685 (EURUSD rate) = 116,850 USD

Step (ii): Calculate commission charges in USD ($45 per USD million traded)

116,850 USD X 0.000045 = 5.26 USD

Step (iii): Convert commission charges from USD to JPY (account currency)

5.26 USD X 111.50 (USDJPY rate) = 586 JPY

Commission charges incurred upon opening and closing the position = 586 JPY.

Example 3:

You are trading 100,000 NOKSEK. Your trading account is denominated in USD: Step (i): Conversion of trade size from base currency to USD

100,000 NOK / 7.94 (USDNOK rate) = 12,594.46 USD

Step (ii): Calculate commission charges in USD ($45 per USD million traded)

12,594.46 USD X 0.000045 = 0.57 USD

In this example, there is no need to convert commission charges to account currency, since the account is denominated in USD. Commission charges incurred upon opening and closing the position = 0.57 USD.

You can use the cTrader Commission Calculator to quickly determine the commission charges for your position.

Swap Charges

Swap/rollover charges are incurred when a trade is kept open overnight, to reflect the cost of funding your trade(s). The swap is charged automatically at 21:59 (UK time) to the client account and is converted into the currency that the account is denominated in. The swap is calculated and charged once every weekday for 1 day rollover, with the exception of Friday, when it is calculated and charged 3 times to account for the weekend rollover (Friday – Monday).

There are no swap charges on swap-free accounts. The latter incur commission charges, more details about which can be found by contacting us.

Commissions are attached to the open position and are realised once the position is closed.

Swap Charges on Forex

For Forex pairs, the cost or income is calculated as the interest rate differential between the Tomorrow Next Deposit Rates (TNDR) of the 2 currencies in question, plus the commission charged by the Company on which the position is held and depending on the type of the position (Long/Short). Clients may either gain or lose on swap, thereby having either positive or negative rollover, respectively. It is possible that some instruments may have negative rollover values on both sides as a result of commission being added on top of the overnight interest rate differential of the two currencies.

The table below outlines the yearly commission/interest that FxPro charges for each Forex category:

Security	Majors	Minors	Exotics	RUB pairs
Interest	0.85	1.25	2.00	5.00

The Tomorrow Next Deposit Rates (TNDR) we receive and use for the interest rate differential are with Bid & Ask values.

The formula we use for calculating the swap charge for Forex pairs is the following:: {(Bid TNDR of Long currency) - (Ask TNDR of Short currency) - (Company interest charge)} * (FX rate of the pair) * (Lot Size) / (Pip Value) / 10 / 365

The Lot Size for all Forex pairs is 100,000;
The Pip Value for all Forex pairs is 10 Quote currency, with the exception of JPY & HUF pairs for which it is 1000, and RUB & CZK pairs for which it is 100;
We divide by 10 because the swap charges are quoted in cents, and;
We divide by 365, to convert the swap value to a daily charge.

Swap Charges on Futures, Shares, Spot Indices and Spot Metals

For Futures, Shares, Spot Indices and Spot Metals, the swap charges are based on the underlying Tomorrow Next Deposit Rate (TNDR) of the Quote currency of the relevant asset, plus the commission charged by the Company on Long positions or minus the commission charged by the Company on Short positions.

The table below outlines the yearly commission/interest that FxPro charges for each security type:

Security	Futures	Spot Indices	Spot Metals	Shares
Interest	1.75	1.75	1.50	1.50

The formulas we use for calculating the swap charges on each of the above securities are the following:

For Long positions:: {(- Ask TNDR of Quote currency) - (Company interest charge)} * (Security rate) * (Lot Size) / (Pip Value) / 365
For Short positions:: {(Bid TNDR of Quote currency) - (Company interest charge)} * (Security rate) * (Lot Size) / (Pip Value) / 365

Cost calculation tool

The cost calculator can be used to calculate the quarterly charges of every instrument we offer, customised to your trading. Before using the cost calculator below, please go through the following example to assist in correctly filling the required fields.

Example 1 EURUSD

You have deposited 10,000 Euro and selected your account currency to be Euro, You usually open 1 lot of EURUSD, you keep your position open on average for 1 day and trade on average 5 times per quarter.

You will fill in the fields as follows:

Enter Your Investment Amount: 10,000
Account Currency: EUR
Select CFD instrument: EURUSD
Trade size (In units): 100,000
How many times will you be trading per quarter: 5
How many days your position will remain open: 1
Select type of order: To calculate the cost of going Long chose “Buy/Long”, to calculate the cost of going Short choose “Sell/Short”
To get the final result click on “Calculate”

Note: In case your currency account is different than the currency in which you deposited funds please enter the investment amount converted in you account currency.

The tool:

Still have a question about how commissions and swap fees are calculated? Contact our award-winning Customer Support.