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I need a formula to calculate the commission per trade of my broker

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    I need a formula to calculate the commission per trade of my broker

    Hello to all,
    first of all, I am happy to have found this forum, so I would thank the founders, admins and moderators.
    I would like to build an excel template where I can easily compare the commissions of each trade for different brokers.

    So the first broker I would like to include in my excel template is Interactivebrokers.
    Details about their commissions:

    CAD (Canadian) 0,01 per share, minimum $1CAD per trade and maximum 0,5% of the trade value
    USA 0,005 per share, minimum $1USD per trade and maximum 1% of the trade value

    How can I formulate these two calculations?

    Thank you!

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    Forum Moderator Glenn Kennedy's Avatar
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    Re: I need a formula to calculate the commission per trade of my broker

    Will you please attach a SMALL sample Excel workbook (10-20 rows of data is usually enough)? Please don't attach a picture of one (no-one will want to re-type all your stuff before starting).

    1. Make sure that your sample data are truly REPRESENTATIVE of your real data. The use of unrepresentative data is very frustrating and can lead to long delays in reaching a solution.

    2. Make sure that your desired solution is also shown (mock up the results manually).

    3. Make sure that all confidential information is removed first!!

    4. Try to avoid using merged cells. They cause lots of problems!

    Unfortunately the attachment icon doesn't work at the moment. So, to attach an Excel file you have to do the following: Just before posting, scroll down to Go Advanced and then scroll down to Manage Attachments. Now follow the instructions at the top of that screen.
    Glenn




    None of us get paid for helping you... we do this for fun. So DON'T FORGET to say "Thank You" to all who have freely given some of their time to help YOU

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    Re: I need a formula to calculate the commission per trade of my broker

    thank you for the info.

    Let me know if this kind of file is okay.
    Attached Files Attached Files

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    Forum Moderator Glenn Kennedy's Avatar
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    Re: I need a formula to calculate the commission per trade of my broker

    This might not quite be there yet.

    =IF(LOOKUP("zzz",$D$6:D6)="CAD",MAX(1,MIN((0.005*E6*F6),MAX(1,E6*0.01))),MAX(1,MIN((0.01*E6*F6),MAX(1,E6*0.005))))

    I got confused with one of the USD criteria (shading in orange). Please explain that bit again....
    Attached Files Attached Files

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    Re: I need a formula to calculate the commission per trade of my broker

    Sorry for my late reply I had family issues to fix.
    First of all thank you for your help.
    I made a mistake, it is always max 1% of trade value for trades in USD and 0,5% of trade value for trades in EUR.

    Thank you!!

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    Forum Moderator Glenn Kennedy's Avatar
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    Re: I need a formula to calculate the commission per trade of my broker

    Since there was no mention of EUR in your first post... and no mention of CAD in your most recent, please re-attach a new sample sheet and re-state ALL criteria.

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    Re: I need a formula to calculate the commission per trade of my broker

    First of all, thank you so much for your availability and your help.
    I am sorry I made such a huge mistake.

    The correct parameters (for USD trades and for CAD trades) are as follows:

    USD-commissions.png

    CAD-commissions.png

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    Re: I need a formula to calculate the commission per trade of my broker

    I attached the new excel sheet with the right criteria.
    Thanks again for your help and sorry for my confusion.
    Attached Files Attached Files

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    Re: I need a formula to calculate the commission per trade of my broker

    Actually checking your excel sheet I see that it works well. thank you for your help.
    I need help to build a commission calculator for another broker, can I please ask you about it?
    thank you!

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    Forum Moderator Glenn Kennedy's Avatar
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    Re: I need a formula to calculate the commission per trade of my broker

    I had looked at this earlier... and got confused. I was going to leave it to fester in my head for a while and come back to it. RU sure it's OK???

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    Re: I need a formula to calculate the commission per trade of my broker

    Yeah I tried it and works well.

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    Re: I need a formula to calculate the commission per trade of my broker

    Woo Hoo! You're welcome.



    If that takes care of your original question, please select "Thread Tools" from the menu link above and mark this thread as SOLVED.

    It'd also be appreciated if you were to click the Add Reputation button at the foot of any of the posts of all members who helped you reach a solution.

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    Re: I need a formula to calculate the commission per trade of my broker

    I already used the add reputation button on your profile, can I please ask about the "commission calculator" for another broker right here or I should create a new Thread?

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