Disclosure 1 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.
2 This is the average discount across our major pairs: EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, EUR/JPY and GBP/JPY.
3 Monthly trading volume is calculated as the total notional value of all trades executed within a calendar month, expressed in USD equivalent. For example, if you trade 50,000,000 EUR/USD in one month at an exchange rate of 1.20, your notional trading volume would be approximately 60,000,000 USD. Clients trading above 50 million in monthly volume may qualify for Active Trader pricing, subject to maintaining a minimum account equity of £25,000. For major currency pairs, commissions are £2.00 per side per 100K traded volume for monthly volumes above 50 million, and £1.70 per side per 100K traded volume for monthly volumes above 150 million. Clients trading significantly higher volumes (e.g. above 500 million per month) may qualify for further preferential pricing, subject to commercial agreement.
* 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.