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.
FXCM's low spreads have no markups, making them some of the lowest in the industry. EUR/USD averages 0.5 pips and USD/JPY averages 0.4. Low spreads are great 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.
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 GBP denominated account will have all the commission charged in GBP, and a USD denominated account will have the commission charged in USD.
Furthermore, our commissions are different compared to many brokers. Our commissions are easy to understand. You don’t have to convert any figures from one currency to another.
Example: 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.
Standard Account 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|
|EUR/USD - GBP/USD - USD/JPY - USD/CHF
AUD/USD - EUR/JPY - GBP/JPY
|All other pairs.|
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 >|
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.
1 Intermediary Markup: In some instances, accounts for clients of certain intermediaries are subject to a markup.
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 April 2015 to 30 June 2015. 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.
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 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.