Their site shows:
To calculate the commision
0.02 basis points * Trade Value = commision
1 basis point = 0.0001
Their example #1:
I understand this one because of the minimum
USD 50,000 trade for EUR = USD 2.50
Their example #2
I don't understand this one. If I multiply 0.02 * 0.0001 * 1,000,000 = 2.0 commision, not 20 that they show below. What am I doing wrong?
USD 1,000,000 trade for EUR = USD 20.00
Thanks
To calculate the commision
0.02 basis points * Trade Value = commision
1 basis point = 0.0001
Their example #1:
I understand this one because of the minimum
USD 50,000 trade for EUR = USD 2.50
Their example #2
I don't understand this one. If I multiply 0.02 * 0.0001 * 1,000,000 = 2.0 commision, not 20 that they show below. What am I doing wrong?
USD 1,000,000 trade for EUR = USD 20.00
Thanks