more about standard commission

[ifesoreind]

someone should pls tell me the commission involved in 0.1standard lot size for GBP/USD .

[nonamer]

Originally Posted by ifesoreind

someone should pls tell me the commission involved in 0.1standard lot size for GBP/USD .

Hi

Please check here for partnership program -->
http://www.fxopen.com/Partnership.aspx

thanks

[lizerzoltan]

Originally Posted by ifesoreind

someone should pls tell me the commission involved in 0.1standard lot size for GBP/USD .

guess you dont mean comission as IB rebate. ( but if you have a rebate it would be 1$ on this position)

being this in the newbie section, i am pretty sure you mean commission as the cost to you to buy/sell 0.1 lot GBPUSD.

IF I am correct than your answer:
there is no so called commisiion on standard accounts, but your cost will be the spread.
GBPUSD carries a 3 pips spread here, what means you start with -3$ what you enter the position. What you will see in MT4 when buy or sell, right away the currect value of your position. that will show you this -3$...whenever you close the position, it wont be deducted any other fee or commission again.

[nonamer]

Originally Posted by ifesoreind

someone should pls tell me the commission involved in 0.1standard lot size for GBP/USD .

Hi

If you mean like lizerzoltan answer that mean its about spread.
On normal account any open position will dont have any fees charges, FXOPEN will earn from spread between buy and sell price. When you open trade, you trade will position immediately in negative because of spread.
FXOpen offers direct dealing spreads of 2 to 4 pips on the major currency pairs. There is no commission charged on Micro and Standard accounts.
You can check here the spread for all pair fxopen offer for Live account
http://www.fxopen.com/ContractsSpecifications.aspx

Just in case, when its about spread -->
To closed buy you must check on sell price.
To closed sell you must check on buy price.

Thanks