Regulations
Market Commissions
1. Stocks
The total commission charged to a Trader on the Stocks market depends on the order type: a limit order for a market maker or a market order for a market taker.
The applicable commission rates are:
● Market Maker Commission (limit orders): 0.0052%;
● Market Taker Commission (market orders): 0.0442%.
● Market Taker Commission (market orders): 0.0442%.
The commission is calculated as follows:
Commission = Share Price × Number of Lots × Number of Shares per Lot × Commission Rate
2. Futures
The total commission charged on the Futures market also differs depending on whether the order is a market-maker or market-taker order.
The commission is calculated as follows:
● Market Maker Commission (limit orders) = 0.18 × Number of Lots;
● Market Taker Commission (market orders) = (Trade Registration Fee × Number of Lots × 1.8) + (0.18 × Number of Lots).
● Market Taker Commission (market orders) = (Trade Registration Fee × Number of Lots × 1.8) + (0.18 × Number of Lots).
Where:
- - Trade Registration Fee is a parameter set by the Moscow Exchange.
3. Currency
The total commission charged on the Currency market differs depending on whether the order is a market-maker or market-taker order.
The applicable commission rates are:
● Market maker commission (limit orders): 0.00138%;
● Market taker commission (market orders): 0.006555%.
● Market taker commission (market orders): 0.006555%.
The commission is calculated as follows:
Commission = Exchange Rate × Number of Lots × Number of Currency Units per Lot × Commission Rate
MOEX also applies a minimum fixed commission in RUB when opening a position of fewer than 50 lots:
- - USDRUB and EURRUB pairs: RUB 120;
- All other currency pairs: RUB 60.