Everyone's trading needs are different. That's why we created multiple account types. Choose the best pricing model for your trading needs.
|Pricing Model||Spreads Only||Spreads + Commissions||Spreads + Reduced Commissions|
|Average Spreads||1.4 on EUR/USD||0.4 on EUR/USD||0.4 on EUR/USD|
|Commissions||No Commissions||As low as $0.04 per 1K ($40 per million)||As low as $18 per million|
|Total Cost Example Show Math||1K EUR/USD = 18c||1K EUR/USD = 13c||EUR/USD = $89.30 per million|
|Pricing Model||Spreads Only||Spreads Only||Spreads Only|
Forex Trading Costs
The total cost is the spread multiplied by the pip cost. For example, assume 1K EUR/USD on an AUD-denominated account has a spread of 1.4 and a pip cost of $0.13. To figure the total cost:
1.4 [spread] x 0.13 [pip cost] = 0.182
Total Cost = 18c
The total cost is the spread multiplied by the pip cost plus the round-turn commission. For example, assume 1K EUR/USD on an AUD-denominated Standard account has a spread of 0.4 and a commission of $0.04. To figure the total cost:
0.4 [spread] x 0.13 [pip cost] = 0.052
0.04 + 0.04 = 0.08 [round-turn commission]
0.52 + 0.08 = 0.132
Total Cost = 13c
The total cost is the spread multiplied by the pip cost plus a reduced round-turn commission. For example, Active Trader accounts have the same spreads as Standard accounts but commissions are reduced based on monthly trading volume. Assume a million-lot EUR/USD trade on an AUD-denominated Active Trader account has a spread of 0.4 and a pip cost of $133.25. With the highest level of trading, the commission is $18. To figure the total cost:
0.4 [spread] x 133.25 [pip cost] = 53.3
18 + 18 = 36 [round-turn commission]
53.3 + 36 = 89.3
Total Cost = $89.30
Pip Cost Disclaimer: The pip cost may vary depending on the account denomination and the notional value of a currency pair which fluctuates on a daily basis. The AUD/USD pip cost of 0.136010 (rounded to 14c) was derived March 3, 2016. Current pip costs can be found on your trading platform.
Spreads & Commissions: Dynamic live streaming spread figures shown are from FXCM’s Best Bid/Best Offer pricing engine. Static historical spread figures are time-weighted averages derived from tradable prices at FXCM from 1 October 2015 to December 31 2015. Spreads are variable and during normal market hours are subject to delay. FXCM strives to provide traders with tight, competitive spreads; however, there may be instances when market conditions cause spreads to widen well beyond the spreads displayed here.
Advertised spreads & commissions apply to Standard Accounts. Some accounts, such as Mini Accounts and those for clients of certain intermediaries, are subject to a markup. Accounts set to a commission structure will be charged in the currency denomination of the account.
The figures above are provided for information purposes only, and are not intended for trading purposes or advice. FXCM is not liable for any information errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein.
Mini Accounts: Mini accounts offer 22 CFD instruments and up to 19 currency pairs (GBP/AUD is only available on AUD denominated accounts). Mini accounts default to dealing desk execution where price arbitrage strategies are prohibited. FXCM determines, at its sole discretion, what encompasses a price arbitrage strategy. Mini accounts utilising prohibited strategies may be switched to No Dealing Desk execution. Mini accounts with equity less than 10,000 CCY have 400:1 forex leverage; between 10,000 and 20,000, have 200:1; more than 20,000, have 100:1 leverage and No Dealing Desk execution. See Execution Risks.