What are commissions?
Commissions are the execution fees charged when an order fills. You pay a fee when opening or increasing a position and another fee when reducing or closing it. The fee is charged on the amount that fills. The fee is calculated from fill notional, which is the filled asset quantity multiplied by its execution price. It is based on the full value traded, not just the margin used to support the position.Commission rates
Maker and taker fills use the same rate within each asset class. The market’s asset category determines the rate, regardless of its source venue.
Elite accounts pay 0.001% per fill on
NAS100, SP500, Gold, and WTI Oil.
A maker fill comes from a passive limit order. A taker fill executes against
the opposing side of the market, such as a market order or a limit order that
crosses the spread. Choosing a limit order does not reduce the commission rate.
Calculate entry and exit costs
Commission = fill notional × commission percentage ÷ 100. For example, opening a crypto position with $10,000 of fill notional costs $3.00 in commission. Closing it with $10,000 of fill notional costs another $3.00, for $6.00 total commission. At the same $10,000 entry and exit notionals, the total is $0.50 for forex or $1.00 for stocks, commodities, and indices. If the exit price or quantity differs, calculate the exit fee from that exit’s actual notional. Changing leverage does not change the commission on an otherwise identical fill. Increasing the position’s notional increases the fee. Commissions reduce your account balance and therefore the headroom available under your loss rules.Hourly swap fees
Swap fees are holding costs in addition to execution commissions. An open position pays its asset class’s daily rate divided into 24 equal hourly amounts. Both long and short positions pay this charge.
Elite accounts pay a 0.01% daily swap rate on
NAS100 and SP500.
Each hourly charge uses the position size held at the hourly boundary and the
applicable mark price. Later size changes do not change that charge, and a
position pays at most one swap fee for the same hourly boundary.
For example, a crypto position worth $10,000 at an hourly charge incurs $0.125
($10,000 × 0.03% ÷ 24). If that notional remains unchanged for 24 charges, the
total swap fee is $3.00.
A position closed before the next hourly charge does not pay that charge.
Closing after the boundary still pays the charge for the size held at that
boundary. When the charge is ready, it is applied before your order settles
without waiting for the scheduled hourly processing window. If the charge data
is still incomplete, the order remains pending until it can be settled safely.
During a scheduled TradFi market closure, the latest valid closing mark values
the hourly charge. Crypto uses a fresh mark because it trades continuously.
Venue funding rates do not change your balance or replace the fixed swap fee.
Reduced Fees
Reduced Fees halves every commission and swap fee on Select, Prime, and Signature accounts. It covers opening and closing fills, maker and taker fills, close-outs, and the trading-fee part of a liquidation. Elite accounts are not eligible and keep their own Elite rates.
Swap fees keep the same hourly schedule: each hourly charge is half the
standard amount. The liquidation penalty is not reduced. Reduced rates apply
to charges made while the account has Reduced Fees. Fees charged earlier are
not adjusted.