Overview - Spread Betting

Everyone's trading needs are different. That's why we created multiple account types so you can maintain control of your trading costs.

  MINI STANDARD ACTIVE TRADER

Forex
Pricing Model Spreads Only Spreads Only Reduced Spreads Only
Average Spreads 1.4 on EUR/USD 1.4 on EUR/USD 0.4 on EUR/USD
Total Cost
 £0.11 on 1K EUR/USD
(£105/million)		 £0.11 on 1K EUR/USD
(£105/million)		 As low as £0.07 on 1K EUR/USD
(£70/million)

Indices & Commodities
Pricing Model Spreads Only Spreads Only Spreads Only

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 a GBP-denominated account has a spread of 1.5. To figure the total cost:

Per 1K

1.5 [spread] x 0.07 [pip cost] = 0.105

Total Cost = £0.11

Per 1M

1.5 [spread] x 70 [pip cost] = 105

Total Cost = £105

Standard

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

Per 1K

0.5 [spread] x 0.07 [pip cost] = 0.035

0.03 + 0.03 = 0.06 [round-turn commission]

0.035 + 0.06 = 0.095

Total Cost = £0.10

Per 1M

0.5 [spread] x 70 [pip cost] = 35

30 + 30 = 60 [round-turn commission]

35 + 60 = 95

Total Cost = £95

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 a GBP-denominated Active Trader account with Discount 3. To figure the total cost:

Per 1K

0.5 [spread] x 0.07 [pip cost] = 0.035

0.015 + 0.015 = 0.030 [round-turn commission]

0.035 + 0.030 = 0.065

Total Cost = £0.07

Per 1M

0.5 [spread] x 70 [pip cost] = 35

15 + 15 = 30 [round-turn commission]

35 + 30 = 65

Total Cost = £65

Average Spreads: Time-weighted average spreads are derived from tradable prices at FXCM from January 1, 2017 to March 31, 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.

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.

Spread Betting: FXCM UK offers tax exempt spread betting accounts exclusively to UK and Ireland residents. Residents of other countries are NOT eligible. Spread betting is not intended for distribution to, or use by any person in any country and jurisdiction where such distribution or use would be contrary to local law or regulation.
 
Spread Betting is an option on both Mini and Standard account types. Spread Betting accounts offer spread plus mark-up pricing only, regardless of account type. Spreads are variable and are subject to delay.

Mini Accounts: Mini accounts offer 18 CFD instruments and up to 21 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 offer spreads plus mark-up pricing. Spreads are variable and are subject to delay. Mini accounts utilising prohibited strategies may be switched to No Dealing Desk execution. Experienced traders can trade Mini Accounts with up to 200:1 leverage. Traders that are new to FX and CFD trading will be defaulted to 50:1 leverage. Mini accounts with equity greater than 20,000 CCY will be switched to a Standard account with 100:1 leverage, No Dealing Desk execution, and commission based pricing. See Execution Risks.

Pip Cost: The pip cost may vary depending on the account denomination and the notional value of a currency pair which fluctuates on a daily basis. The EUR/USD pip cost of 0.0668439 (rounded to 7p) was derived Dec 2, 2015. Current pip costs can be found on your trading platform.

Spreads & Commissions: Dynamic live streaming spread figures shown are from FXCM’s Best Bid/Best Offer pricing engine. Static historical spread figures are time-weighted averages derived from tradable prices at FXCM from 1 January 2017 to March 31 2017. Spreads are variable and during normal market hours are subject to delay. FXCM strives to provide traders with tight, competitive spreads; however, there may be instances when market conditions cause spreads to widen well beyond the spreads displayed here.

Advertised spreads & commissions apply to Standard Accounts. Some accounts, such as Mini Accounts and those for clients of certain intermediaries, are subject to a markup. Accounts set to a commission structure will be charged in the currency denomination of the account.

The figures above are provided for information purposes only, and are not intended for trading purposes or advice. FXCM is not liable for any information errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein.