Commission is charged based on the standard lot size traded. So if you trade 0.1 lot, the commission is 10% of the standard lot. If you trade 0.01, that's 1%.

It depends on your needs. As margin requirements decrease, leverage increases allowing you to make larger trades. If you reduce your leverage, you reduce your ability to open positions as margin costs increase. We believe the key to reducing risk is to consider appropriate position sizing for your account. For example, never risk more than 1-5% at any time. The key is to be comfortable with the leverage and risk you choose.

ECN: Raw spreads and commissions (e.g. 0 spreads plus $7 commission = total fee of $7)
Standard: original spread + 1 pip increase (e.g. 0 pip plus 1 pip = 1 pip)

Many clients view our Standard Account as a simple alternative to ECN as all fees are included in the spread. Those with specific trading styles, such as brush and algorithmic traders, may enjoy the low-cost setup traditionally seen in our ECN accounts.

What is a swap?

Forex swap rates refer to the overnight or rollover interest (i.e. the interest earned or paid) on holding a position overnight in Forex trading. These rates are determined by interbank spreads and cross-currency bases.

Swap fees work both ways. This means traders can earn swap fees, or they may also incur swap fees on the underlying trading position. This will depend on the instrument being traded, whether your position is long or short, and whether the trade is held during a rollover. Since spot Forex contracts are settled on a T+2 basis, triple swap fees will be charged on Wednesday rollovers to account for weekend interest.

What are the management fees?

Regardless of trading position, traders are always charged a fixed management fee and do not earn management fees. If you hold a position for more than 10 consecutive days, you will be charged a management fee.

You will not see rollover charges in your Trade now details. You will not pay rollover fees when you have an open position. However, you will be charged a one-time fixed management fee when using an interest-free account.