Rules for Broker Client Fees
The following general rules apply to broker client fee schedules:
If a broker has not created a fee schedule for an individual account, then the default client fee template will automatically apply to that account.
Brokers can also specify fees per trade for specific products and exchanges.
Fees and markups owed to fully disclosed and non-disclosed brokers are sent to the master account and then swept to the broker’s Proprietary Account for Broker-Dealers every night.
Types of Broker Client Markups
For each asset class/currency, a broker can select one of the fee-per-trade client markup types listed below, one markup type per asset class/currency.
Absolute Markup and Absolute Amount