Formula (per side)

Commission = (Traded volume in USD) × (Commission rate) ÷ 100,000

To calculate traded volume in USD:

Traded volume in USD = (Volume in lots) × (Contract size) × (Execution price) × (Conversion rate to USD)

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Example calculation with Spain 35

Let’s say:

• You traded 1 lot of Spain 35 
• Each contract (lot) is worth 1 unit
• The current price of the index is 10,500
• Conversion rate: 1 (quoted in USD)
• The commission rate (one side) is $10 per 100,000 USD traded

How to calculate:

1. Find the traded volume in USD: 

1 (lot) × 1 (contract size) × 10,500 (price) × 1 (USD rate) = 10,500 USD

 So, the total traded volume = 10,500 USD

2. Apply the commission formula:

Commission= (10,500 × 10) ÷ 100,000 = 1.05 USD

So, $1.05 commission per side

3. If you open and close the trade (round trade):

0.5×2 = 1.0$1.0 total commission