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Brokers can charge their clients for services rendered based on a fee-per-trade unit for each asset class (e.g. stocks, options, etc.), exchange and currency. The trade unit is determined by the unit we use for our commissions charges and can be on a per-share, per-contract, or percent of trade value basis.
Brokers set up client fee schedules on the Manage Clients > Fees > Configure page.
For descriptions of all types of broker client fees, see Types of Broker Client Fees.
The following general rules apply to broker client fee schedules:
For Forex fee per trade unit, the mark-up is calculated on the second currency of an FX pair, so for example, if a client trades in EUR.USD, the markup is based on the USD and not the EUR.
Client fee schedules can be applied to accounts individually or can be stored in templates. As a broker, you can configure fees for one or more client accounts, or set up client fee schedules in templates, then assign the templates to client accounts. The use of templates allows you to easily maintain different fee schedules for multiple client accounts. If you are a new broker (i.e., you just opened your account), then there will be a blank default client fee template, which you can then configure with your own fee schedule. If you are an existing broker, your old global fee schedule is now the default client fee template.
For more information, see Client Fee Templates.
When configuring fees for a single client, multiple clients or a client fee template, brokers can choose from three pricing structures:
The selected pricing structure will be applied to all securities and commodities in a client's account.
For more information about tiered and fixed commissions, see the Commissions page on our website.
Brokers can view all commission markup schedules for their client accounts on the Markup Summary page, which sorts information by fee schedule and displays client accounts that use the global markup schedule together.
The Markup Summary is available in the Manage Clients > Fees menu.