How to calculate the commission per million nominal currency on our Premier account
A nominal exchange rate is defined as the number of units of the base currency that can purchase a unit of a given quote currency. As such the nominal amount of a currency pair trade, is the amount of units traded of the base currency.
Please note that we do not charge commission on CFDs.
The commission calculation on our Premiere account is based on the nominal currency amount and is USD 70.0 per USD 1 million on FX and USD 7.0 per 1 lot round turn on Metals.
This means that if you buy/sell any currency other than USD, the number of lots you bought/sold in the nominal currency need to be converted to USD in order to calculate the commission.
If your trading account currency is other than USD, then the calculated commission would then be converted into your trading account currency.