Question: What are the commission fees on ECN accounts? How to calculate them?
Commission is applied only on the ECN Account (MT4) and the FXTM ECN MT5 Account.
ECN Account (MT4):
Commission is charged at 4 units of the Base currency and the conversion rate to the trading account’s currency (if applicable).
Example:
If your account is in USD:
If you trade 1 lot USD/JPY. Commission will be $4.00
If you trade 1 lot EUR/USD. Commission will be 4.00 EUR * (exchange rate) 1.10873 = $4.43
If your account is in EUR:
You trade 1 lot EUR/USD. Commission will be EUR 4.00
If you trade 1 lot USD/JPY. Commission will be $4.00 / (exchange rate) 1.10873 = 3.60 EUR
FXTM ECN MT5:
Commission is fixed at $4, which is $2 when you open a position and $2 when you close it.
You can find more information on the Swap & Commissions page.