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FXChoice fees, after the safety questions

Cost is the last thing to weigh when the question is whether your money is safe, so this page comes after the regulation page and reads in that light.

Regulation: Financial Services Commission of Belize (FSC), registration 000067/34. How FXChoice is regulated

Facts last checked . Read the full FXChoice review.

What it costs to trade

Spread from
0.0 pips
EUR/USD spread
Approx. 0.2 pips, Optimum/Raw pricing
GBP/USD spread
Approx. 0.5 pips, Optimum/Raw pricing
Commission
Approx. $3.50 per side / $7 round turn
All-in cost, EUR/USD
Approx. 0.9 pips
Spread type
Variable
Overnight swap
Both: overnight swaps may be charged or credited
Deposit fee
Method-dependent; FXChoice offers reimbursement on qualifying deposit fees
Withdrawal fee
Method-dependent
Currency conversion
Conversion at applicable exchange rate

What this means

Cost is the last thing to weigh here, and never the thing that should decide it.

A quoted spread from 0.0 pips is a raw-spread figure, which almost always means a separate commission per lot. Compare the two together - a "zero spread" account with a high commission can cost more than a wider spread with none.

Quoted spreads are best-case figures on the most liquid pair, in normal conditions. What you actually pay widens around news and at the session open.

FXChoice lists a minimum deposit of $10. Treat it as the cost of opening an account, not the cost of trading one - position sizing on a small balance is what tends to cause damage.

Questions about FXChoice fees

Does FXChoice charge to deposit or withdraw?

Deposit fees at FXChoice: Method-dependent; FXChoice offers reimbursement on qualifying deposit fees. Withdrawal fees: Method-dependent.

What does FXChoice charge to hold a position overnight?

Overnight financing at FXChoice is recorded as both: overnight swaps may be charged or credited.

What is the EUR/USD spread at FXChoice?

FXChoice records an average EUR/USD spread of approx. 0.2 pips, Optimum/Raw pricing on a variable pricing model.

Fees at brokers under the same regulator

More about FXChoice