Trading mechanics
Commission
An explicit per-lot charge for executing a trade, usually quoted per side. Two sides make a round turn, so the quoted figure has to be doubled to get the cost of a completed trade.
GFN’s figure
GFN charges $3.50 per side, $7 per lot round turn on the simulated account. It is separate from the one-time evaluation fee, and it counts against your daily loss limit and drawdown buffer.
- Per side
- $3.50 per lot
- Round turn
- $7.00 per lot
- Counts toward
- Daily loss limit and maximum drawdown
In detail
Commission,explained
Commission is deducted from equity at execution, which means it counts against the daily loss limit and the drawdown buffer in exactly the way a losing trade does.
For a high-frequency strategy it is the dominant cost. Twenty round turns a day at a standard lot is a running cost that has to be cleared before any of the day's result is profit.
Worked example
Ten round turns at one standard lot costs $70. On a $10,000 Instant account that is almost a quarter of the $300 daily allowance, before a single losing trade.
Related
Terms thatcome with it
Most rules only make sense next to the ones they interact with. These are the entries this one depends on.
Round turn
One complete trade - the entry and the exit together. Commission quoted per side has to be doubled to get the round-turn cost, which is the only figure worth comparing between firms.
Raw spread
A pricing model where the spread is passed through without a markup and the cost is charged as an explicit commission instead. It separates the price you trade from the fee you pay.
Spread
The gap between the bid and the ask price. It is the cost paid on entry: a position opens slightly underwater by the width of the spread before the market has moved at all.
Swap
The financing charge or credit applied to a position held past the daily rollover. It reflects the interest rate difference between the two sides of the pair and can be positive or negative.
Evaluation fee
The one-time price of an assessment. It is what the trader is genuinely risking - no customer capital is exposed on a simulated account - and it is the number to compare between firms per dollar of allocation.
Ready when you are
Your capital stays yours.The risk is ours.
One evaluation fee, no time limits and up to 90% of simulated profits. Pick an account size and your credentials arrive by email within minutes.
No subscriptions or hidden fees
Payouts every 14 days
$400,000 max total allocation