What is the core spreads + commission pricing model?

For clients with spread-sensitive trading strategies, we offer a core spreads + commission pricing model. Developed for high-volume traders, this model utilizes reduced spreads to facilitate more precise entry and exit points. The fixed commission structure provides transparent transaction costs, allowing for more efficient execution during periods of high market liquidity.

To enroll in the core spreads + commission pricing model, contact us. We will reach out to you via phone or email to confirm that the core spreads + commission pricing model has been applied to your account.

With the core spreads + commission pricing model, your total trading cost is the sum of the applicable core spread and a fixed commission charge per trade.

For more information on the costs associated with the core spreads + commission pricing model, refer to this core spreads + commissions price sheet.

You can access spreads as low as 0.0 on selected major currency pairs, including AUD/USD, EUR/USD and USD/JPY.

Core spreads fluctuate with market liquidity. During periods of lower liquidity, spreads may be higher than 0.0.

A commission of 4.40 SGD per 100,000 units is applied to each "leg" of a trade i.e. once when you open the position and once when you close it. As closing a trade constitutes a separate and distinct transaction, a commission is applied upon the exit. Commissions are prorated based on your actual trade volume. For example, a 10,000-unit transaction incurs a commission of 0.44 SGD per leg.

If your account is denominated in a currency other than SGD, the following SGD-equivalent commission applies per 100,000 units traded.

Account currency Commission amount in your account currency per 10,000 units
AUD 4.40
USD 3.00
CAD 4.40
CHF 3.00
GBP 2.40
EUR 3.00
HKD 24.00
JPY 330

You can also get access to the reduced commissions with our premium account. To get more information, refer to the premium account page.

A commission of 3.50 SGD per 100,000 units is applied to each "leg" of a trade i.e. once when you open the position and once when you close it. As closing a trade constitutes a separate and distinct transaction, a commission is applied upon the exit.

If your account is denominated in a currency other than SGD, the following SGD-equivalent commission applies per 100,000 units traded.

Account currency Commission amount in your account currency per 10,000 units
AUD 3.50
USD 3.00
CAD 4.00
CHF 3.00
GBP 2.40
EUR 2.70
HKD 24.00
JPY 330

In this hypothetical example, you open a trade for 100,000 units of AUD/SGD while spreads are at 0.0. The buy trade incurs a commission of 4.40 SGD, and when you close the position, a 4.40 SGD commission is applied. This results in a total commission cost of 8.80 SGD for the trade.

In this hypothetical example, you open a trade for 150,000 units of AUD/SGD while spreads are at 0.0. The buy trade incurs a commission of 6.60 SGD, and when you close the position, a 6.60 SGD commission is applied. This results in a total commission cost of 13.20 SGD for the trade.

In this hypothetical example, you open a trade for 10,000 units of EUR/SGD while spreads are at 2.0 pips.

SpreadClosedThe difference between the bid and the ask price. cost:

In EUR/SGD, 1 pip for a 10,000 unit trade is worth approximately 1.00 SGD. If the spread is 2.0 pips, your cost is: 2.0 pips x 1.00 SGD/pip = 2.00 SGD

Commission cost:

The buy trade incurs a commission of 0.44 SGD, and when you close the position, a 0.44 SGD commission is applied. This results in a total commission cost of 0.88 SGD for the trade.

Total cost:

Spread cost (2.00 SGD) + commission cost (0.88 SGD) = 2.88 SGD

To ensure you are trading instruments with the core spreads + commission pricing model applied on MT4, check your MT4 server.

Your MT4 server is OANDA-v20 Live-4, all the instruments you want to trade must have the -f suffix shown next to the instrument, for example, EUR/USD -f.

If you do not see such instruments on your Terminal and the core spreads + commission pricing model is enabled on your account, you need to add them in MT4.

If the core spreads + commission pricing model is enabled on your account, you trade the standard instrument names, for example, EURUSD or XAUUSD, in MT5.