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What are the charges for trading with FXCM?

When you open a trade with FXCM, the cost you pay is the spread.

The spread is the difference between the BUY and SELL prices. 

For example, if the SELL price for EUR/USD is 1.35000 and the BUY price for EUR/USD is 1.35020, the spread is 2 pips. **(Remember for EUR/USD the "Pip" is the 4th number after the decimal point)

The value of the "pip" in every trade is determined by your trade size. For example, if your base currency is USD and you trade a 1K trade (or .01 on MT4), the value of each pip is 10 cents. Therefore, the cost to open a BUY or SELL trade on EUR/USD in this example = $0.10 (Pip cost) * 2 (the spread) = $0.20

The total cost to open this trade is $0.20.

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