CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FXCM can be compensated in several ways, which includes but are not limited to adding a mark-up to the spreads it receives from its liquidity providers, adding a mark-up to rollover, etc. Commission-based pricing is applicable to Active Trader account types.
1. Open a Live Account by submitting the online application.
2. Fund your account and place your first trade.
3. Explore our crypto offering in the trading platform.
Not ready to open an account?
Get a feel for the platform by signing up for a Free Practice Account.
Crypto Trading is enabled across all FXCM Trading Platforms
You can search a specific Crypto CFD, or you can browse the entire offering in our Symbols List. One you have found the Cryptocurrency you want to trade just double click to subscribe and the instrument will appear in the Dealing Rates window.
When trading Crypto CFDs with FXCM, trading costs are included in the spread and there are no extra commission fees charged when opening or closing positions and unlike many other brokers there are no minimum commission levels, so at FXCM you are able to avoid the extra costs of placing smaller trades.
The spread costs can easily be calculated on the Trading Station platform, as you can see the real-time spreads and pip costs (in your account denomination) before you enter any trade. To calculate the spread cost in the currency of your account:
(Pip Cost) x (Number of Contracts) x (Spread) = Total Transaction Cost
As long as there is sufficient margin in your account, you can hold your position indefinitely.
Any positions held past 5pm EST may be subject to a "financing charge" which reflects in an FXCM account as "rollover." Visit our CFD Product guide for more information.
The financing charges are updated daily and can be seen in the Trading Platforms under RollB and RollS.
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