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FXCess 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: Anguilla company registration; international brokerage operated by Notesco Int Limited. How FXCess is regulated
Facts last checked . Read the full FXCess review.
What it costs to trade
- Spread from
- 0.0 pips
- EUR/USD spread
- Approx. 0.2 pips, STP/ECN
- GBP/USD spread
- Approx. 0.4 pips, STP/ECN
- Commission
- Approx. $4.50 per side / $9 round turn, Zero Spread
- All-in cost, EUR/USD
- Approx. 0.9 pips
- Spread type
- Fixed and variable, account-dependent
- Overnight swap
- Both: overnight swaps may be charged or credited; swap-free accounts available
- Inactivity fee
- $50 after 12 months inactivity, then annually
- Deposit fee
- Generally none internally
- Withdrawal fee
- Generally none internally; bank/payment-provider charges may apply
- Currency conversion
- Conversion at prevailing 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.
FXCess 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 FXCess fees
Does FXCess charge to deposit or withdraw?
Deposit fees at FXCess: Generally none internally. Withdrawal fees: Generally none internally; bank/payment-provider charges may apply.
Does FXCess charge an inactivity fee?
FXCess's inactivity fee is recorded as $50 after 12 months inactivity, then annually.
What does FXCess charge to hold a position overnight?
Overnight financing at FXCess is recorded as both: overnight swaps may be charged or credited; swap-free accounts available.