Tax Treatment: The UK tax treatment of your financial betting activities depends on your individual circumstances and may be subject to change in the future, or may differ in other jurisdictions.
This is the average discount across our major pairs: EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, EUR/JPY and GBP/JPY.
Monthly trading volume is the sum of all trades in terms of notional volume in USD for a given month. For example, if you trade 50,000k EUR/USD in one month at a rate of 1.20, your notional volume would be approximately 60,000,000 units of currency. As your monthly trading volume is above 50 million, as long as your account equity is above $25,000 for a given month, the commission per side per million would be $30 for trading in major currency pairs. The commission can be reduced to $25 per side per million for trading in major currency pairs if your monthly trading volume is above 150 million. If your trading volume is above 500 million, please contact FXCM. For the commission rate on other non-major currency pairs, please refer to standard rate card for details.
EFX Access: You can receive the eFXPlus service for your live FXCM Account at no cost if you have a live FXCM account that has placed at least a singular trade this current month. If you do not meet this requirement at the end of the month, your subscription will be cancelled.
Commissions: Commission-based pricing is available on 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: spreads, charging commissions at the open and close of a trade, and adding a mark-up to rollover, etc. Commission-based pricing is applicable to Active Trader account types.
Active Trader Accounts: Active Trader accounts offers spreads plus mark-up pricing or spreads plus commission pricing depending on your equity level and trading volume.