What suffixes do the instruments have?
All instruments available for trade on a Standard account go by the suffix ‘m’. For example, EURUSDm, GBPUSDm.
Instrument groups available for trade
The groups of instruments available for trade on Standard accounts are:
A client registers under your partner link and trades 2 lots GBPUSDm from the Forex_Group category in a Standard account. The opening prices at the time were: Bid 1.11920 and Ask 1.11975.
If we assume that you are a Bronze partner (33% commission size):
= (1.11975 - 1.11920) / 0.0001
= 5.5 pips
To find the pip value for a particular order, use our Investment Calculator. According to the calculator, the pip value for this order is 20 USD.
Therefore, Commission = 0.33 x 5.5 x USD 20 = USD 36.30
- Commission will only be paid after the client closes the trade.
- The commission is subject to a bonus coefficient where applicable.