Commission Calculation in SQ
5 years ago #114651
Wanted to clarify how is the commission calculated in SQ i assume its just fixed?
At the moment if you use a real tick test of $10 commission it is the same as using slippage of 1.
I checked via brokers such as dukascopy and FxOpen,
Basically if deposit currency is USD, then all paris what start with USD i.e. USD/CAD…. will have fixed commision (1k account 35×2 = $7.00 round turn per lot)
Basically if deposit currency is EUR, then all paris what start with EUR i.e. EUR/CAD…. will have fixed commision (1k account 35×2 = 7.00eur round turn per lot)
All the best
Secondly, fxcm uses a scale on their commissions. When doing a percentage mm, then how can we include accurate commissions as the lot sizes get bigger?
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SQ currently cannot handle volume-tiered pricing for commissions. Costs of trading has to be approximated here but if you have a viable strategy you don’t have to worry about commission that much. I like to see commissions not eating more than 10% of my profits.
Thanks for the rule of thumb.
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