We pride ourselves on our low costs, and we plan to continue this with cTrader. Commissions will feel very similar between MetaTrader and cTrader but there is an important difference in the calculation that you need to understand to ensure you accurately account for your costs. 


In MetaTrader, commissions are charged per lot.

In cTrader, commissions are charged at a rate of $2.25 per $100,000 of notional volume for FX and $1.20 per $100,000 of notional volume for Metals. 

The commission is also charged in the base currency of the pair you are trading.

So let's say you trade 1 lot of EURUSD (EUR 100,000 notional value traded per side), the commission will be EUR 2.25 per side or EUR 4.5 round-turn. 


However, if you trade 1 lot of AUDUSD (AUD $100,000 notional value), the commission will be AUD $2.25 (per side) or AUD $4.5 round-turn. 

From the above, you can see that the commissions are slightly different per-lot, because the commission charge will always be charged in the base currency and then converted back to your account currency.

Another important difference to consider is when a standard lot is not exactly 100,000 notional value for all products, such as when trading Gold or Silver. 


With these instruments, you need to consider the notional value and not just the lot size. As in the above examples, when you trade US $100,000 notional value, your commission will still be US$2.25. 


Another example:

So, in cTrader if you trade 0.1 lot of GBP (GBP 100,000 notional value traded per side), the commission will be GBP 0.225 per side or GBP 0.45 round-turn.

When you convert GBP into AUD, we can see that 1 GBP = 1.99 Australian Dollars. Therefore,  GBP 0.45 = 0.90 which is roughly what was charged to your account.

However, if you traded 0.1 lot of AUDUSD (AUD $100,000 notional value), the commission would've been AUD $0.225 (per side) or AUD $0.45 round-turn.

From the above examples you can see that the commissions are slightly different per lot, because the commission charge will always be proportional to the notional volume traded rather than the lots traded. The GBP trade charges commission in GBP and the AUD trade charges commission in Australian Dollars, making the costs of the trades slightly different - these amounts would then be converted back to the account currency automatically.