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Trade Responsibly.
FxPro is not regulated by the Brazilian Securities Commission and is not involved in any action that may be considered as solicitation of financial services; This translated page is not intended for Brazilian residents.Trade Responsibly.Trade Responsibly.CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.25% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.CFDs and Spread Betting are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.56% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider. You should consider whether you understand how CFDs and Spread Betting work and whether you can afford to take the high risk of losing your money. FxPro is not regulated by the Brazilian Securities Commission and is not involved in any action that may be considered as solicitation of financial services; This translated page is not intended for Brazilian residents.Invest Responsibly: Trading CFDs involves significant risks.
FxPro Commissions & Swap Charges
Commission Charges
FxPro clients can expect commission charges only on FX 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
/USD conversion rate X $45 per USD million traded
/Account currency exchange rate
- Example 1You are trading 100,000 GBPJPYYour trading account is denominated in EUR
- Example 2You are trading 100,000 EURJPYYour trading account is denominated in JPY
- Example 3You are trading 100,000 NOKSEKYour trading account is denominated in USD
Step 1
Conversion of trade size from base currency to USD
100,000 GBP X 1.3110 (GBPUSD rate) = 131,100 USD
Step 2
Calculate commission charges in USD ($45 per USD million traded)
131,100 USD X 0.000045 = 5.90 USD
Step 3
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.
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.
Swap Charges on Shares, Spot Indices and Spot Metals
For 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 formula used to calculate your swap charge for Forex pairs is:
Swap = (Pip Value * Swap Rate * Number of Nights) / 10
• 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 & THB 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;
• Friday night swap is charged 3 times to account for the weekend.
The formula used to calculate your swap charge for other CFD instruments is:
Swap = Lot Size * Swap Rate * Number of Nights
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:
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.
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.
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”
Cost calculation tool
Still have a question about how commissions and swap fees are calculated?
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