Spreads and Commissions

FXCM offers exceptional value at a low, competitive cost. Our low spreads have no markups1, and our low commissions are transparent and easy to understand.

Spreads

FXCM's low spreads have no markups, making them some of the lowest in the industry. EUR/USD averages 0.2 pips and USD/JPY averages 0.3. Low spreads are ideal for scalpers and short-term traders2. You trade on the exact bid/ask quotes that stream from our liquidity providers which determine the spread.

Sign up for a Free $50,000 practice account to see all low spreads in real time.

COMMISSIONS

FXCM charges commissions because it allows us to provide a transparent pricing model. Many brokers are compensated by markups to spreads which are not specified.

This leaves many clients with uncertainty about how much they are paying their brokers to trade. Because FXCM’s Low Spreads have no markups, FXCM clients only have to focus on our low, transparent commissions to fully understand what we charge to open and close trades.

Additionally, all commissions are charged in the native currency of an account denomination. Therefore, a AUD denominated account will have all the commission charged in AUD, and a USD denominated account will have the commission charged in USD.

Example: If you trade 1K AUD/USD (i.e. 1,000 AU$), it costs you $0.03 to open and $0.03 to close the trade. If you trade 1K EUR/USD (i.e. 1,000 euros), it still only costs you $0.04 to open and $0.04 to close a trade.

Standard Account Commissions

The table below shows our lowest commissions for an AUD denominated account. Visit our Forex Pricing page to view commissions for all forex pairs available at FXCM.

Cost of each trade to open or close
$0.03 $0.04 $0.06
per 1K per 1K per 1K
AUD/USD EUR/USD - GBP/USD
USD/JPY - USD/CHF
EUR/JPY - GBP/JPY
All other pairs
$30 per 1,000k
$40 per 1,000k
$60 per 1,000k

Active Trader Account Commissions. (min 50m of volume)

Majors Eur/usd - gbp/usd - usd/jpy - usd/chf - aud/usd - eur/jpy - gbp/jpy
Monthly trade volume in millions
50M – 149M 150M – 499M 500M >
$0.030 $0.025 $0.018
per 1K per 1K per 1K
$30 per 1,000K traded
$25 per 1,000K traded
$18 per 1,000K traded

FXCM’s Active Trader program rewards our high-volume traders with even lower commissions. The more you trade, the lower your commissions can be. FXCM’s Active Trader commissions are FLAT per side amounts, different from many brokers.

Contact FXCM and speak to our Active Trader Specialists.

1 Intermediary Markup: In some instances, accounts for clients of certain intermediaries are subject to a markup.

2 Spreads & Commissions: Streaming spread figures shown are from FXCM’s Best Bid/Best Offer pricing engine. Historical spread figures shown are time-weighted averages derived from tradable prices at FXCM from 1 October 2014 to 31 December 2014. Spreads are variable and subject to delay. FXCM strives to provide traders with tight, competitive spreads; however, there may be instances when market conditions cause spreads to widen beyond the spreads displayed here. Commissions are charged in the currency denomination of your account. Figures provided for informational purposes only, and is not intended for trading purposes or advice. FXCM is not liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein.

Advertised spreads & commissions may not be applicable to certain account types. Existing accounts will only be subject to the new commission after notification from FXCM. Some accounts, such as those for clients of certain intermediaries, are subject to a markup.

Compensation: When executing customers trades, FXCM can be compensated in several ways, which include, but are not limited to: charging fixed lot-based commissions at the open and close of a trade, adding a markup to the spreads it receives from its liquidity providers for certain account types, and adding a markup to rollover. Under the Dealing Desk execution model, FXCM may act as a dealer and may receive additional compensation from trading.