Spreads & Commissions

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

Low Spreads

FXCM's low spreads have no markups, making them some of the lowest in the industry. EUR/USD averages 0.3 pips and USD/JPY averages 0.4. Low spreads are great for scalpers and short-term traders2.

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

LOW, COMPETITIVE COMMISSIONS

FXCM charges commissions because it allows us to provide a transparent pricing model. Many brokers are compensated by markups to spreads. But those markups usually are not specified, leaving 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.

Standard Commissions

The table below shows our lowest commissions for a USD 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
$0.04 per 1K $0.06 per 1K
EUR/USD - GBP/USD - USD/CHF - AUD/USD
EUR/JPY - GBP/JPY
All other pairs.

Our commissions are different. No math. No currency conversions.

Furthermore, our commissions are easier to understand. You do not have to convert any figures from one currency to another. If you trade 1K GBP/USD (i.e. 1,000 pounds), it costs you $0.04 to open and $0.04 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.

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

Just find the pair you want to trade in our commission tables and you’ll see the exact amount you pay for each 1K lot traded of that currency pair.

Get even lower commissions

FXCM’s Active Trader program rewards our high-volume traders with even lower commissions. The more you trade, the lower your commissions can be. Learn more about FXCM's Active Trader program.

Majors Eur/usd - gbp/usd - usd/jpy - usd/chf - aud/usd - eur/jpy - gbp/jpy
Monthly trade volume in millions
0 – 49M 50M – 149M 150M – 499M 500M >
$40 $30 $25 $18
per 1,000K traded per 1,000K traded per 1,000K traded per 1,000K traded

Whether you’ve traded 1 million GBP/USD (i.e. 1M pounds) or 1 million EUR/USD (i.e. 1M euros), your commission is still the figure listed in our commission tables. All commissions are charged in the native currency of an account denomination. No currency conversions.

Your transaction cost is a combination of the spread and the commission. Visit our Forex Pricing page to learn more.

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.