Forex Direct commission example

Commission on Forex Direct positions is charged in USD. We will calculate your commission based on the total value of your trade in USD using current exchange rates.

For example, you buy 50 EUR/USD contracts when the spot rate is at 1.1200.

Total value of your trade in USD Number of contracts x contract size x EUR/USD spot rate
50 X €100,000 X 1.12 = $5,600,000
Commission charged (assuming you traded USD 200 million worth of contracts in the previous month and have a commission rate of USD 30 per million) Variable charge x value of position in USD
(30 / 1,000,000 = 0.00003) X $5,600,000 =$168