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Trading Costs & Charges

Understanding the transaction costs associated with your trading

Trading Costs With Ultimate Transparency

Check out our typical spreads below

BxZero AccountBxStandard Account
AUDCADAustralian Dollar vs Canadian Dollar0.
AUDCHFAustralian Dollar vs Swiss Franc0.
AUDJPYAustralian Dollar vs Japanese Yen00.411.4
AUDNZDAustralian Dollar vs New Zealand Dollar0.
AUDSGDAustralian Dollar vs Singapore Dollar1.
AUDUSDAustralian Dollar vs United States Dollar00.211.2
CADCHFCanadian Dollar vs Swiss Franc0.311.32
CADJPYCanadian Dollar vs Japanese Yen00.611.6
CHFJPYSwiss Franc vs Japanese Yen00.811.8
CHFSGDSwiss Franc vs Singapore Dollar00.611.6
EURAUDEuro vs Australian Dollar00.511.5
EURCADEuro vs Canadian Dollar01.112.1
EURCHFEuro vs Swiss Franc00.511.5
EURCZKEuro vs Czech Republic Koruna1054.21155.2
EURGBPEuro vs British Pound00.411.4
EURJPYEuro vs Japanese Yen00.311.3
EURNOKEuro vs Norwegian Kroner619.3720.3
EURNZDEuro vs New Zealand Dollar0.
EURPLNEuro vs Polish Zloty29.7310.7
EURSEKEuro vs Swedish Krona623.5724.5
EURSGDEuro vs Singapore Dollar1.
EURTRYEuro vs Turkish Lira222.2323.2
EURUSDEuro vs United States Dollar00.111.1
EURZAREuro vs South African Rand249.3350.3
GBPAUDBritish Pound vs Australian Dollar0.
GPBCADBritish Pound vs Canadian Dollar0.
GPBCHFBritish Pound vs Swiss Franc0.
GPBJPYBritish Pound vs Japanese Yen0.
GBPNOKBritish Pound vs Norwegian Kroner628.6729.6
GBPNZDPound vs New Zealand Dollar1.
GBPSEKBritish Pound vs Swedish Krona730.3831.3
GBPSGDBritish Pound vs Singapore Dollar1.332.34
GBPTRYBritish Pound vs Turkish Lira419.8520.8
GBPUSDBritish Pound vs Singapore Dollar00.411.4
NOKJPYNorwegian Kroner vs Japanese Yen1.
NOKSEKNorwegian Kroner vs Swedish Krona68.179.1
NZDCADNew Zealand Dollar vs Canadian Dollar11.322.3
NZDCHFNew Zealand Dollar vs Swiss Franc0.
NZDJPYNew Zealand Dollar vs Japanese Yen0.
NZDUSDNew Zealand Dollar vs United States Dollar0.
SEKJPYSwedish Krona vs Japanese Yen10.611.611.612.6
SGDJPYSingapore Dollar vs Japanese Yen66.377.3
USDCADUnited States Dollar vs Canadian Dollar00.211.2
USDCHFUnited States Dollar vs Swiss Franc00.411.4
USDCNHUS Dollar vs Chinese Offshore Spot6.
USDCZKUnited States Dollar vs Swedish Krona336.6437.6
USDJPYUnited States Dollar vs Japanese Yen00.211.2
USDMXNUnited States Dollar vs Mexican Peso519.9620.9
USDNOKUnited States Dollar vs Norwegian Kroner1.511.82.512.8
USDPLNUnited States Dollar vs Polish Zloty611.8712.8
USDSEKUnited States Dollar vs Swedish Krona619.5720.5
USDSGDUS Dollar vs Singapore Dollar0.
USDTHBUnited States Dollar vs Thai Baht1033.91134.9
USDTRYUnited States Dollar vs Turkish Lira019.5120.5
USDZARUnited States Dollar vs South African Rand1030.31131.3
ZARJPYSouth African Rand vs Japanese Yen11.122.1

What are forex spreads?

As you start trading in the market, you may have noticed that you are provided two prices - an ‘ask’ (or ‘buy’) price and also an ‘bid’ (or ‘sell’) price. The ‘ask’ price is the rate at which you sell the base currency, and the ‘bid’ price is the rate at which you will buy the base currency. The difference between these two prices is referred to as the ‘spread’.

When you enter the market and open a trade, there are always third parties who facilitate the opening and closing of that trade, such as a banking institutions or liquidity providers. These intermediaries ensure there is an orderly flow of buy & sell orders, this means they are tasked with the responsibility of matching each seller to a buyer, & vice versa.

The third party is accepting the risk of a potential loss while facilitating the trade, thus the reason why the third party will retain a part of each trade transacted—that retained portion is what we understand as the ‘spread’.

How do you calculate the spread?

The spread is measured in ‘pips’, which is the smallest unit of price movement of a currency pair. As you can see, the spread in the below example is 0.2 pips (difference between ask/buy price of 1.12161 and bid/sell price 1.12159).

How do you calculate your transaction cost?

You can use the following calculation to figure out the cost of a trade itself (not including swaps or commissions). This is done by taking the spread and pip value, then multiply it by the number of lots that you are trading:

Trade Cost = Spread x Trade Size x Pip Value

For instance:
Let's say you open a trade that has a spread of 1.2 pips spread. For this example, you are trading with mini lots (or 0.10 lot), which is equivalent to 10,000 base units.

The pip value is at $1.00 for mini lots, thus the transaction cost is $1.20.

Therefore the total cost is:

$1.20 (Trade Cost) = 0.00012 pips (Spread) x 10,000 (Trade size) x $1.00 (Pip value)

As you probably know, the larger the trade, the bigger your transactions costs will be.

For more information about pip values, please visit our guide here

Commissions: Raw Spread Commission Rates

Check out our commission rates below

The Baxia Markets Bx Zero ECN Account is a raw spread account with the lowest commission. Baxia Markets clients can expect commission charges only on FX pairs on the MT4 & MT5 trading platforms.

Trading Account Currency Commission
USD USD 2.5 per side per 100,000 traded
EUR EUR 2.5 per side per 100,000 traded
JPY JPY 250 per side per 100,000 traded

What are Swaps?

To put simply, Forex Swap/Rollover is an overnight interest earned or paid for holding a position open overnight in FX trading, and it’s calculated based on whether your open positions are long or short. 

Where to Find Swaps & How are Swap Rates Calculated?

Check out how to view and calculate swap rates below

You will be able to view the latest swap rates in your MetaTrader 4 & MetaTrader 5 trading terminal by following the process outlined below. 

Open MT4/MT5 >> Right Click on any instrument you want to check in the “Market Watch” section >> Left Click on “Specialization” >> A new window will open that shows the long and short swap rate for the pair selected.

The formula we use for calculating the swap charge for Forex pairs is the following:

Swap (in base currency) = Swap Rate x Lots (Volume) x Number of Nights

Important Swap Facts to Know

• Swaps are applied only when positions are kept open until the next forex trading day.

• Rollover interest is applied to a trader’s trading account on each trading day at 5 p.m. Eastern Standard Time, which is 00:00 MetaTrader 4/MetaTrader 5 server time. On Wednesday, rollover is charged triple rated due to market close on Saturday and Sunday.

• Our rollover rates are posted every day and available within the trading platform.

• Each currency pair has its own swap charge and is measured on a standard size of 1.0 lots (100,000 base units).

• Rollover rates are updated on a weekly basis the next forex trading day.

To learn more about swaps, please visit our guide here.