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Types of MT4 trading accounts

Deltastock offers two types of MT4 trading accounts:

МТ4 account
“Standard Trading”


No commissions for all instruments offered in the trading platform Deltastock MetaTrader 4: (CFDs on currency pairs, gold, silver, indices and commodities)

MT4 account
“Trading with Commissions”


Considerably tighter spreads for CFDs on currency pairs, compared to those on currency pairs in the “Standard Trading” account, but with commissions. The trading conditions for the other CFDs on offer in MT4 are the same as those of the standard trading account. For more information, please visit the “Instruments” section on our website.

Spreads in the MT4 account “Trading with Commissions”

Symbol Description Target spread
EURUSD Euro vs US Dollar 0.4
USDJPY US Dollar vs Japanese Yen 0.5
GBPUSD Great Britain Pound vs US Dollar 1.2
USDCHF US Dollar vs Swiss Franc 0.5
USDCAD US Dollar vs Canadian Dollar 0.7

How are the commissions in the MT4 account “Trading with Commissions” calculated?

When calculating the commissions in the MT4 account “Trading with commissions”, Deltastock takes into consideration the factors currency of the trading account and the size of the minimum lot, depending on the instrument, and uses the following formula:

Commission on the order = number of minimum lots X commission on 1 minimum lot

The size and the currency of the commissions is determined depending on the currency of your trading account: BGN, EUR, USD or GBP.

The commissions for the accounts in the different currencies are the following:

  • Account in BGN: 0.1 BGN per minimum lot
  • Account in EUR: 0.05 EUR per minimum lot
  • Account in USD: 0.06 USD per minimum lot
  • Account in GBP: 0.04 GBP per minimum lot

The lot size and, respectively, the minimum lot size, are different for the CFDs on the various assets on offer in MT4:

For currency pairs (Forex):

  • 1 lot = 100,000 units of the base currency.
  • The base currency is the first currency in the pair (1 lot EUR/USD = 100,000 EUR).
  • 1 minimum lot = 0.01 (1000 units of the base currency)

For more clarity, we give you a few examples:

Example 1:

  • Account currency: EUR
  • EUR commission: 0.05 EUR per 1 minimum lot
  • Traded instrument: EUR/USD
  • Order size: 1 lot (100 minimum lots EUR/USD = 100,000 EUR)

Calculations:

  • Commission on the order = number of minimum lots X commission on 1 minimum lot
  • Commission (in EUR) = 100 minimum lots (1 lot) X 0.05 = 5 EUR

Example 2:

  • Account currency: BGN
  • BGN commission: 0.1 BGN per 1 minimum lot
  • Traded instrument: GBP/USD
  • Order size: 1 lot (100 minimum lots GBP/USD = 100,000 GBP)

Calculations:

  • Commission on the order = number of minimum lots X commission on 1 minimum lot
  • Commission (in BGN) = 100 minimum lots (1 lot) X 0.10 BGN = 10 BGN

Example 3:

  • Account currency: USD
  • USD commission: 0.06 USD per 1 minimum lot
  • Traded instrument: EUR/CHF
  • Order size: 0.1 lot (10 minimum lots EUR/CHF = 10,000 EUR)

Calculations:

  • Commission on the order = number of minimum lots X commission on 1 minimum lot
  • Commission (in USD) = 10 minimum lots (0.1 lot) X 0.06 USD = 0.6 USD