FXCM Group Press Releases

Total Costs Calculator

Take control of your trading costs. Explore the Mini, Standard and Active Trader forex pricing options to find the best fit for you.

  MINI STANDARD ACTIVE TRADER

Forex

Pricing Model Spreads Only Spreads + Commissions Spreads + Discounted Commissions
Average Spreads 1.3 on EUR/USD 0.3 on EUR/USD 0.3 on EUR/USD
Per Side
Commissions
None $0.04 on 1K EUR/USD
($40/million)
$0.018 on 1K EUR/USD
($18/million)
Total Cost
$0.13 on 1K EUR/USD
($130/million)
$0.11 on 1K EUR/USD
($110/million)
$0.07 on 1K EUR/USD
($69/million)

Explore pricing for Mini, Standard and Active Trader.

See commission schedule and fees in the rate card.

Forex Trading Costs

Mini

The total cost is the spread multiplied by the pip cost. For example, assume EUR/USD on an AUD-denominated account has a spread of 1.5. To figure the total cost:

Per 1K

1.5 [spread] x 0.14 [pip cost] = 0.21

Total Cost = $0.21

Per 1M

1.5 [spread] x 140 [pip cost] = 210

Total Cost = $210

Standard

The total cost is the spread multiplied by the pip cost plus the round-turn commission. For example, assume EUR/USD on an AUD-denominated Standard account has a spread of 0.5. To figure the total cost:

Per 1K

0.5 [spread] x 0.14 [pip cost] = 0.07

0.04 + 0.04 = 0.08 [round-turn commission]

0.07 + 0.08 = 0.15

Total Cost = $0.15

Per 1M

0.5 [spread] x 140 [pip cost] = 70

40 + 40 = 80 [round-turn commission]

70 + 80 = 150

Total Cost = $150

Active Trader

Active Trader accounts have the same spreads as Standard accounts but commissions are reduced based on monthly trading volume. The total cost is the spread multiplied by the pip cost plus a reduced round-turn commission. Assume a EUR/USD trade on an AUD-denominated Active Trader account with Discount 3. To figure the total cost:

Per 1K

0.5 [spread] x 0.14 [pip cost] = 0.07

0.018 + 0.018 = 0.036 [round-turn commission]

0.07 + 0.036 = 0.106

Total Cost = $0.11

Per 1M

0.5 [spread] x 140 [pip cost] = 70

18 + 18 = 36 [round-turn commission]

70 + 36 = 106

Total Cost = $106

Standard and Active Trader Accounts: Standard and Active Trader accounts offer 18 CFD instruments on 200:1 leverage and up to 39 currency pairs on 100:1 leverage. FXCM may decide at its sole discretion to add or remove any CFD instruments currency pairs. Standard and Active Trader accounts default to a Low Spreads + Commission pricing structure and No Dealing Desk execution. Spreads are variable and are subject to delay. Standard and Active Trader accounts with equity below 10,000 CCY may be switched to a Mini Account.

Average Spreads: Time-weighted average spreads are derived from tradable prices at FXCM from July 1,2017 to September 30,2017. The spread figures are for informational purposes only. FXCM is not liable for errors, omissions or delays or for actions relying on this information.

Commissions: Commission-based pricing is available on Standard and Active Trader account types. Commissions are charged at the open and close of trades in the denomination of the account.

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.

Mini Accounts: Mini accounts offer 18 CFD instruments and up to 21 currency pairs. FXCM may decide at its sole discretion to add or remove any CFD instruments and currency pairs. 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 settings may also be switched to No Dealing Desk execution at the sole discretion of FXCM in some instances. Mini accounts offer spreads plus mark-up pricing. Spreads are variable and are subject to delay. Mini accounts with equity less than 10,000 CCY have up to 400:1 forex leverage; between 10,000 and 20,000 CCY, up to 200:1 forex leverage; more than 20,000 CCY may be switched to a Standard account with up to 100:1 forex leverage, No Dealing Desk execution, and commission based pricing.

Pip Cost Disclaimer: The EUR/USD pip cost of 0.14 was derived March 1, 2016. The pip cost may vary depending on the account denomination and the notional value of a currency pair which fluctuates on a daily basis. Current pip costs can be found on your trading platform.