JForex Account

Clients who choose to trade on the JForex platform may choose between the Fixed Commissions JForex Account or the Floating Commission JForex Account, which provides the same trading conditions as Dukascopy Bank.

Fixed Commission JForex Account

  • $3.5 commission ($7 roundtrip) per 1 standard lot (1,000)
  • Trade on Dukascopy's Bank JForex Web Platform

Floating Commission JForex Account

  • Floating volume commission rate (depends on Net Deposit, Equity and Traded Volume as explained below)
  • Trade on Dukascopy's Bank JForex Web Platform

The volume commission is charged in the primary currency for every executed trade. Volume commission rate is expressed in AUD per 1 million AUD traded. The volume commission is converted to the Client Account’s Base Currency. For Self Traders the volume commission rate depends on Net Deposit, Equity and Traded Volume (commissions come into effect at the settlement time)

Net Deposit
(USD equivalent)
Volume Commission in AUD per 1 million AUD
Currencies Precious metals
< 5 000 35 52.5
≥ 5 000 33 49.5
≥ 10 000 30 45
≥ 25 000 25 37.5
≥ 50 000 18 27
≥ 250 000 16 24
≥ 500 000 15 22.5
≥ 1 000 000 14 21
≥ 5 000 000 12 18
≥ 10 000 000 10 15

Net Deposit - is the sum of all deposits less the sum of all withdrawals in USD equivalent.

Equity
(USD equivalent)
Volume Commission in AUD per 1 million AUD
Currencies Precious metals
< 5 000 35 52.5
≥ 5 000 33 49.5
≥ 10 000 30 45
≥ 25 000 25 37.5
≥ 50 000 18 27
≥ 250 000 16 24
≥ 500 000 15 22.5
≥ 1 000 000 14 21
≥ 5 000 000 12 18
≥ 10 000 000 10 15

Equity - estimation of the account of the Client in USD equivalent at settlement time.

Traded Volume
(in AUD equivalent)
Volume Commission in AUD per 1 million AUD
Currencies Precious metals
< 5 million 35 52.5
≥ 5 million 33 49.5
≥ 10  million 30 45
≥ 25  million 25 37.5
≥ 50  million 18 27
≥ 250  million 16 24
≥ 500  million 15 22.5
≥ 1 billion 14 21
≥ 2 billion 12 18
≥ 4 billion 10 15

Traded volume is volume of executed trades over the last 30 days in AUD equivalent. In case Net Deposit, Equity and Traded Volume lead to different commission rates, the lowest rate applies (as illustrated in the examples below).

For Self Traders with several margin accounts, Net Deposits, Equities and Traded Volumes are cumulated to define a unique volume commission rate applied to all margin accounts. The volume commission is determined on a daily basis at every settlement time. The defined rate will be applied on the following trading day.

For Clients appointing an external manager/attorney, the volume commission rate may amount to a maximum of AUD 100 per AUD 1 million traded. All volume commissions are converted to the Client Account's Base Currency at the moment when the trade is executed, at the rate which is defined as average rate of the last 10 seconds candle.

Examples of volume commission calculation depending on Net Deposit, Equity and Traded Volume:

Example 1:

Client Account’s Basic Currency: AUD
Net Deposit in USD equivalent at settlement USD 50 000
Equity in USD Equivalent at settlement: USD 48 900
Traded Volume for last 30 days: AUD 10 million
Volume Commission Rate according to Net Deposit: AUD 18
Volume Commission Rate according to Equity: AUD 25
Volume Commission Rate according to Traded Volume: AUD 30
Applicable Commission Rate: AUD 18

Trade made on the next trading date: BUY AUD/CHF 2 000 000 Volume Commission: AUD 2 x 18 = AUD 36

Example 2:

Client Account’s Basic Currency: CHF
Net Deposit in USD Equivalent at settlement USD 5 000
Equity in USD equivalent at settlement: USD 18 700
Traded Volume for last 30 days: AUD 5 million
Volume Commission according to Net Deposit: AUD 33
Volume Commission according to Equity: AUD 30
Volume Commission Rate according to Traded Volume: AUD 33
Applicable Commission Rate: AUD 30

Trade made on the next trading date: BUY EUR/USD 100 000, EUR/AUD conversion rate at settlement 1.5200, AUD/CHF conversion rate at settlement 0.7080. Volume Commission: EUR 0.1 x 1.52 x 30 x 0.7080 = CHF 3.22

Example 3:

Client Account’s Basic Currency: USD
Net Deposit in USD Equivalent at settlement USD 5 000
Equity in USD equivalent at settlement: USD 14 200
Traded Volume for last 30 days: AUD 84 million
Volume Commission Rate according to Net Deposit: AUD 33
Volume Commission Rate according to Equity: AUD 30
Volume Commission Rate according to Traded Volume: AUD 18
Applicable Commission Rate: AUD 18

Trade made on the next trading date: BUY USD/CAD 1 000 000, AUD/USD conversion rate at settlement 0.7200, Volume Commission: USD 1/0.7200 x 18*0.7200 = USD 18;

Open a JForex Account
DISCLAIMER: Forex FS strives to provide clients with the best execution and competitive spreads available via direct market access. However, there may be times when market conditions (extreme volatility or volume) cause spreads to widen beyond our typical spreads - this market condition is known as a 'fast market'. Fast market conditions may be caused by various factors including, but not limited to, news releases such as non-farm payroll numbers, order imbalances-significantly greater orders of one type (e.g., "buys") than another type (e.g., "sells"). Liquidity withdrawal is a common measure used by Liquidity Providers at or right before the moment of key data releases such as the USA NFP. In the event of a fast market, spreads will widen as the market ascertains the correct value of a currency and prices can gap - a price gap occurs when the price of a market jumps from its last bid/offer quote to a new quote, without ever trading at prices in between those quotes. For example, EURUSD could trade 1.3510/12 ahead of an economic data release or news event with the first quote following the event being 1.3060/80 if the data or news reflected such a shift in sentiment. In these instances, stop losses, entry orders and margin calls will be executed at the best price available after the gap given the underlying market liquidity. Customers may experience a delay in execution, re-quoted prices different to their requested trade price, or execution of orders at different levels depending on size and reflecting the underlying market liquidity. Fast market conditions can occur at any time but are most common during economic data releases or news events especially where liquidity is at a premium (for example national holidays) or after a week-end as the market reopens. Wider spreads during fast market conditions or a market gap can significantly decrease the equity on your account and can trigger a margin call or equity stop loss level (liquidation of the least profitable positions).