# Exchange Commission

The commission is a monetary expression of the cost of the exchange's services for placing user orders.&#x20;

The commission on the exchange is calculated **exclusively in currency** and is not charged in team tokens.&#x20;

**The commission is debited:**&#x20;

1. from user trading accounts:

* when creating orders for the [purchase](https://stemx.gitbook.io/stem-exchange-user-manual/how-to-buy-a-team-token) of tokens - at the time of order creation,
* when closing orders for the [sale ](https://stemx.gitbook.io/stem-exchange-user-manual/how-to-sell-a-team-token)of tokens - at the moment the user receives money,&#x20;

2\. from currency accounts of users in case of [withdrawal ](https://stemx.gitbook.io/stem-exchange-user-manual/how-to-withdraw-funds-from-the-exchange)of money.&#x20;

In order to guarantee the sufficiency of the amount on the user's trading account, the commission is deducted from the orders for the purchase of tokens at the moment the order is created, and for the orders for the sale of tokens - at the moment the order is closed.&#x20;

Since the execution of a sell order can be carried out in parts, the commission is charged from each part separately.&#x20;

**Return of commission to the user**&#x20;

The commission (or part of the commission) can be returned in case of [cancellation ](https://stemx.gitbook.io/stem-exchange-user-manual/how-to-cancel-an-order)of the order. When canceling orders for the sale of tokens, there is no refund of the commission, because commission is not charged from tokens.&#x20;

When canceling an order to purchase a token, the commission amount is returned to the user in full, if the canceled order is not executed for any share and the user decides to cancel it.&#x20;

If an order to buy a token is partially executed, but the user decides to cancel it, he will receive a refund of only a part of the commission in proportion to the amount of the order returned.&#x20;

**Withdrawal fee**&#x20;

When a user submits an application for [withdrawal](https://stemx.gitbook.io/stem-exchange-user-manual/how-to-withdraw-funds-from-the-exchange) of funds, a commission is deducted from the volume of the application in favor of the exchange. The user will receive the amount specified in the application, minus the commission.
