Comission per side = Trade size in base currency X USD conversion rate X $35 per USD million traded X Account currency exchange rate
Your trade is 1 lot on GBPCAD currency, equal to 100,000 GBP; your trading account is in EUR.
Step 1: Convert trade size to USD: 100,000 GBP x 1.3318 (GBPUSD rate) = 133,180 USD
Step 2: Calculate commission in USD ($35 per million): 133,180 x 35 / 1,000,000 = 4.66 USD
Step 3: Convert commission to EUR: 4.66 USD / 1.1162 (EURUSD rate) = 4.17 EUR
Your commission for opening the trade will be 4.17 EUR, and the same for closing the trade.
Clients of V Global Markets are subject to commission charges exclusively on FX pairs and Metals when trading on the V Global Markets cTrader platform.
For Metals, a commission of $10 per round turn is applied ($5 per lot, per side).
For FX pairs, the commission rate is $35 per million USD traded. For accounts denominated in currencies other than USD, the commission is converted to the respective currency.
You can easily access detailed information about your commission at any time within our trading platform. Simply hover your mouse over the lot size, and a comprehensive overview will instantly appear. This includes essential data such as the commission amount, pip value, trade value, and margin-related figures. By providing this information in real-time, we aim to ensure that you have complete transparency and control over your trading activities.
V Global Markets is a trading name of Vortex LLC, which is incorporated in St Vincent and the Grenadines, number 3433 LLC 2024 by the Registrar of Limited Liability Companies, and registered by the Financial Services Authority, and whose address is Suite 305, Griffith Corporate Centre, PO Box 1510, Beachmont Kingstown, St Vincent and the Grenadines.
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