FX Commissions, Swaps & Margins

TIO Markets charges a commission on all instruments at a rate of $40 per 1 Million USD traded. A 50% discount is offered for TIOx deposits, at a rate of $20 per 1 Million USD traded.

Swap Charges

Swap is the interest paid or earned for holding a position overnight. Each symbol has an overnight lending rate associated with it. Spot trades need to be settled and rolled forward every day. Swaps are attached to open positions and are realized when the position is closed.

Overnight interest rates will determine whether the trader will ultimately pay to hold the position or earn interest.

22:00 (UK Time) is considered the beginning and end of a trade session. Any positions that are open at 22:00 (UK Time) are considered to be held overnight, and are subject to rollover.

Swap is calculated and charged once daily. Globally, most banks are closed on Saturdays and Sundays, so there is no rollover on these days. Therefore, 3x the amount of swap is applied on Wednesday to account for these two days.*

*For AUS200, STOXX50, HK50, JP225, DE30, ESP35, UK100, DJ, ND, S&P500 the 3x swap is applied on Friday, while for USDTRY, USDCAD & USDRUB the 3x swap is applied on Thursday.

Commission fees are calculated as follows:
Commission per side
Trade size in base currency
USD conversion rate X $40 or $20 per USD 1 Million traded
Account currency exchange rate

Step 1

Conversion of trade size from base currency to USD

100,000 EUR X 1.14000 (EURUSD rate) = 114,000 USD

Step 2

Calculate commission charges in USD ($40 per USD million traded)

114,000 USD X 0.000040 = 4.56 USD

Step 3

Convert commission charges from USD to BTC (account currency)

4.56 USD / 4008.25 (BTCUSD rate) = 0.00114 BTC

Step 1

Conversion of trade size from base currency to USD

100,000 GBP X 1.26150 (GBPUSD rate) = 126,150 USD

Step 2

Calculate commission charges in USD ($40 per USD million traded)

126,150 USD X 0.000040 = 5.05 USD

Step 3

Convert commission charges from USD to ETH (account currency)

5.05 USD / 114.610 (ETHUSD rate) = 0.04406 ETH

Step 1

Conversion of trade size from base currency to USD

100,000 EUR X 1.14000 (EURUSD rate) = 114,000 USD

Step 2

Calculate commission charges in USD ($20 per USD million traded)

114,000 USD X 0.000020 = 2.28 USD

Step 3

Convert commission charges from USD to TIOx (account currency)

2.28 USD / .126 (TIOx/USD rate) = 18.10 TIOx

Margin Conversion to Deposit Currency

Conversion of the margin requirements is performed when the margin currency is different from the account deposit one.
The current exchange rate of a margin currency to a deposit one is used for conversion. The Ask price is used for buy deals, and the Bid price is used for sell deals.

Example 1 – Funded in BTC, trading EUR/USD

The basic size of the initial margin for buying one lot (100,000) of EUR/USD is 1,000 EUR.

The current Ask price of BTC/EUR pair is used for conversion.
For example, if the current rate is 3,340, the total margin size is (1000/3340) = 0.2994 BTC.

Should the BTC/EUR rate move lower to 2,500 then the margin size would become (1,000/2,500) = 0.4 BTC.

Example 2 – Funded in ETH, trading GBP/NZD

The basic size of the initial margin for buying one lot (100,000) of GBP/NZD is 1,000 GBP.

The current Ask price of ETH/GBP pair is used for conversion.
For example, if the current rate is 107.50, the total margin size is (1,000/107.50) = 9.302 ETH.

Should the ETH/GBP rate move lower to 85.50 then the margin size would become (1,000/85.50) = 11.696 ETH.

Example 3 – Funded in TIOx, trading CHF/JPY

The basic size of the initial margin for buying one lot (100,000) of CHF/JPY is 1,000 CHF.

The current Ask price of TIOx/CHF pair is used for conversion.
For example, if the current rate is 0.130, the total margin size is (1,000/0.130) = 7,692.23 TIOx.

Should the TIOx/CHF rate move lower to 0.105 then the margin size would become (1,000/0.105) = 9,523.81 TIOx.

It is important to note that when funding in crypto, all margin requirements in the funding currency will increase / decrease based on movements in the exchange rate between the funding and margin currencies. It is possible for a position to be liquidated due to such a movement.

Margin Call & Stop Out Level

What is TIO Markets Margin Call Level?

A margin call occurs when there isn’t enough free margin in your account to maintain an open position. TIO Markets. margin call level is 100%, which means that you will not able to enter any additional positions when your Equity is 100% of the margin required on your open positions. Equity is calculated as (Balance + Open Profit/Loss)

What is TIO Markets Stop Out Level?

TIO Markets stop out level is 30%, which means if your Equity falls below 30% of used margin, then your positions will be automatically closed. Our MT5 platform will automatically close in order of the largest losing position to the smallest until your free margin is again above 30%.