The commission is a predetermined fee for facilitating the execution of your trades and is calculated based on the number of lots traded. Commission is calculated per round turn lot and depends on your account type and account base currency. Please see the table above for the commissions for each account type denominated in USD. The commission for other account base currencies will be the currency equivalent.

You might incur a commission fee each time you place a trade and the fee varies depending on your account type. If you select an account type where the commission is $0 per lot, you will not be charged commission. The commission fee can affect the profitability of your trades whenever it applies. Since the commission is a cost of trading, the price of the asset must move in your favour to cover the amount paid in commission to break even. This does not include the spread which must also be taken into account.

Generally, lower commission is better but it does not always imply lower trading costs. The commission is just one part of the cost to execute trades. While lower commission fees might help reduce trading costs, they may be compensated with higher spreads, poor execution and inferior customer service. With TIOmarkets, you can get some of the most competitive trading conditions and fees available, as well as premium 24/7 customer support.

The commission per round turn lot does not vary between markets. However, the number of units per lot does vary between symbols. This does not affect the per round turn lot commission where it is applicable.