A commission is a fee charged by the broker for executing each trade (opening and closing a position).
At Trendo, all trading accounts are ECN accounts, and trading commissions are charged based on trade volume (in lots) as a fixed fee.
$3 for opening each standard lot
$3 for closing each standard lot
To calculate the commission for opening and closing a trade, the following formula is used:
Commission = Trade Volume (lots) × $3
Example:
If you open a trade with a volume of 0.05 lots:
0.05 × 3 = $0.15
$0.15 for opening the trade
$0.15 for closing the trade
Total Commission: $0.30 (30 cents)
If the base currency is other than USD (e.g., EUR, GBP, or other currencies):
Commission is calculated based on the USD equivalent of $6 per lot and converted into the account’s base currency by the system.
Conversion is done according to the current exchange rate of the currency against USD.
Commission Settlement:
Commission for opening a trade is charged at the moment the trade is opened.
Commission for closing a trade is applied when the position is closed.
Visibility:
Details of each trade’s commission can be viewed by clicking on the respective position in the trading platform.
Impact on Profit and Margin:
Commissions directly affect used margin and net profit or loss of a trade.
In case of any errors at any stage, contact Trendo 24/7 support for verification and guidance.