What is a trading commission?
A commission is a fee charged for a Forex trade. Olymptrade Forex has two types of commission:
Trading commission
This is a fee charged when you open a Forex trade. It is deducted from your account balance when the trade opens, regardless of whether the trade later makes a profit or a loss.
Overnight commission
This is a separate fee for keeping a Forex trade open overnight, also called a SWAP. It is charged at 22:00 UTC on weekdays, and also on weekends for crypto and composite assets. You can find the asset’s maximum overnight fee under Assets → Trading Conditions.
How trading commissions work
The commission is not the same for every trade. It depends on factors such as the asset you choose, your trade amount, the multiplier, and market conditions. A multiplier increases the effect of price changes on your trade result.
Where to see the commission
You can check the trading commission before opening a trade and review the amount charged while the trade is open or after it closes.
Before opening a trade
Choose a Forex asset and enter your trade amount.
Select Buy or Sell.
On the Trade Terms screen that appears, check the amount next to Commissions before confirming the trade.
If 1-click trade is on, the trade opens without the Trade Terms confirmation screen. Turn it off in Profile to check the commission before opening a trade.
For an open trade
Open Trades and select Forex.
Under Open Positions, select the trade.
Check Opening commission in the trade details.
For a closed trade
Open Trades and select Forex.
Under History, select the closed trade.
Check Opening commission in the trade details.
How does the commission affect your result?
The trading commission reduces your overall gain from a profitable trade or adds to your overall loss from a losing trade.
Example: If a trade makes a $10 profit from a price change and the trading commission is $2, the profit after accounting for the commission is $8.