Commissions & Fees Schedule - Forex & CFD Trading
1. Trading Commissions
1.1 Forex Trading Commissions
Cent Account (ECN/STP)
Commission: No commission
Pricing model: Spread-based only
Contract size: 1 lot = 1,000 units (100x smaller)
Notes: Perfect for beginners – all costs included in spread
Standard Account (ECN/STP)
Commission: No commission
Pricing model: Spread-based only
Contract size: 1 lot = 100,000 units (standard)
Notes: All costs included in spread – simple and transparent
Raw Account (ECN/STP)
Commission: $3 per lot per side (flat rate)
Round turn cost: $6 per lot (open + close)
Commission charged: At order opening AND closing
Minimum commission: $0.30 per trade (regardless of size)
Raw Rebate Programme:
Active traders may reduce effective trading costs through the Raw Rebate Programme:
| Monthly Volume | Rebate | Effective Round Turn |
|---|---|---|
| 0–99 lots/month | 0% | $6.00 |
| 100–499 lots/month | 10% | $5.40 |
| 500–999 lots/month | 20% | $4.80 |
| 1,000+ lots/month | 30% | $4.20 |
Notes:
- Rebate tier calculated monthly, resets on 1st of each month
- Highest tier reached applies retroactively to all volume that month
- Rebates credited by the 5th of the following month
Fee Structure by Fund Type
| Fund Type | Management Fee | Performance Fee | Hurdle Rate |
|---|---|---|---|
| Conservative Income | 1.5% | 15% | 6% |
| Balanced Growth | 2.0% | 18% | 8% |
| Aggressive Growth | 2.5% | 20% | 10% |
Fee Calculation Example:
- Investment: $10,000
- Fund grows to: $12,000 (+20%)
- Hurdle rate: 8%
- Excess return: 20% − 8% = 12%
Management fee:
- $10,000 × 2% = $200
- Performance fee: ($10,000 × 12%) × 20% = $240
- Total fees: $440
- Net profit: $1,560 (15.6% net return)
Notes:
- Management fee charged daily (1/365 of annual rate)
- Performance fee charged at end of investment period
- No performance fee if fund below hurdle rate
- High water mark prevents double charging on same profits
- Entry/Exit fees: NONE
Institutional Account (ECN/STP Premium)
Commission: $20 per million USD traded ($2.00 per standard lot)
Round turn cost: $4.00 per lot (at base rate)
Commission charged: At order opening AND closing
Minimum commission: NONE
Institutional commission tiers
| Monthly Volume | Commission / Lot / Side | Round Turn Cost |
|---|---|---|
| 0 – 50,000 lots | $2.00 | $4.00 |
| 50,000 – 200,000 lots | $1.50 | $3.00 |
| 200,000+ | $1.00 (negotiable) | $2.00 |
Volume rebate program (Ultra-High Volume):
- Available for: 500,000+ lots monthly
- Rebate: $0.50–$1.00 per lot
- Monthly cashback on commissions
- Custom negotiation available
Notes:
- Custom pricing agreements available
- Negotiable for clients with $100K+ deposits
- Fixed spread agreements possible
- Revenue sharing for white-label partners
Notes for All Accounts:
- Commission charged in account base currency
- Commission non-refundable once trade executed
- Commission applies to BOTH opening and closing
- Partial position closes: Commission calculated proportionally
1.2 CFD Trading Commissions
Index CFDs
- Cent Account: No commission (spread-based)
- Standard Account: No commission (spread-based)
- Raw Account: $3 per lot per side (flat)
- Institutional: $2–3 per lot per side (negotiable)
Commodities CFDs (Oil, Gas, Metals)
- Cent Account: No commission (spread-based)
- Standard Account: No commission (spread-based)
- Raw Account: $3 per lot per side (flat rate)
- Institutional: $2–3 per lot per side (negotiable)
Precious Metals CFDs (Gold, Silver, Platinum, Palladium)
- Cent Account: No commission (spread-based)
- Standard Account: No commission (spread-based)
- Raw Account: $3 per lot per side (flat rate)
- Institutional: $2–3 per lot per side (negotiable)
Stock CFDs (Available On Raw & Institutional Only)
Raw Account: 0.1% of trade value (minimum $1 per side)
Institutional: 0.05–0.08% of trade value (negotiable, minimum $0.50)
Example – Apple Stock CFD:
- Trade: 100 shares at $180
- Trade value: $18,000
- Commission: $18,000 × 0.1% = $18 per side
- Round turn: $36 total
ETF CFDs (Available on Raw & Institutional Only)
Raw Account: 0.1% of trade value (minimum $1 per side)
Institutional: 0.05–0.08% of trade value (negotiable)
Cryptocurrency CFDs
- Cent Account: 0.5% of trade value
- Standard Account: 0.4% of trade value
- Raw Account: 0.2% of trade value
- Institutional: 0.1% of trade value (negotiable)
Notes:
- Crypto commission charged on trade value
- Example: $10,000 BTC trade at 0.2% = $20 commission
- Higher than forex due to market structure
1.3 Commission Calculation Examples
Index CFDs
EXAMPLE 1: Cent Account – EUR/USD
- Trade size: 1 lot (1,000 units – cent account)
- Commission: $0
- Spread: 1.0 pip = $0.10
- Total cost: $0.10 per lot
Notes: Perfect for learning – minimal costs
EXAMPLE 2: Standard Account – EUR/USD
- Trade size: 1 lot (100,000 units)
- Commission: $0
- Spread: 1.0 pip = $10
- Total cost: $10 per lot
Notes: Simple pricing – what you see is what you pay
EXAMPLE 3: Raw Account – EUR/USD
- Trade size: 10 lots
- Commission rate: $4.50 per lot per side (1,000–5,000 lots tier)
- Opening commission: 10 × $4.50 = $45
- Closing commission: 10 × $4.50 = $45
- Total round-turn cost: $90
- Spread cost: 0.3 pips × 10 lots × $10 = $30
- Total trading cost: $90 + $30 = $120
- Cost per lot: $12
EXAMPLE 4: Institutional Account – EUR/USD
- Trade size: 100 lots
- Commission rate: $1.50 per lot per side (50K–200K tier)
- Opening commission: 100 × $1.50 = $150
- Closing commission: 100 × $1.50 = $150
- Total round-turn cost: $300
- Spread cost: 0.1 pips × 100 lots × $10 = $100
- Total trading cost: $300 + $100 = $400
- Cost per lot: $4
EXAMPLE 5: Raw Account – BTC/USD Crypto CFD
- Trade size: 1 BTC
- BTC price: $95,000
- Trade value: $95,000
- Commission rate: 0.2%
- Opening commission: $95,000 × 0.2% = $190
- Closing commission: $95,000 × 0.2% = $190
- Total commission: $380
Note: Commission based on trade value, not lots
EXAMPLE 6: Raw Account – AAPL Stock CFD
- Trade size: 500 shares
- Share price: $180
- Trade value: $90,000
- Commission rate: 0.1%
- Opening commission: $90,000 × 0.1% = $90
- Closing commission: $90,000 × 0.1% = $90
- Total commission: $180
Commissions Fees and Trading Cost Schedule
NEOMAAA provides a complete fee schedule covering trading commissions, spread costs, overnight financing (swap) fees, deposit and withdrawal fees, inactivity charges, and currency conversion costs. Cent and Standard accounts trade commission-free with spreads from 1.0 pip, while Raw accounts charge $3/lot/side with spreads from 0.0 pips.
Fee schedules are part of the Client Agreement and may change with prior notice. Total trading costs include spreads, commissions, swaps, and potential slippage. Always calculate the full cost of a trade before opening a position, as fees directly impact profitability.