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FXCM 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: FCA (217689); ASIC (AFSL 309763); CySEC (392/20); FSCA (FSP 46534). How FXCM is regulated

Facts last checked . Read the full FXCM review.

What it costs to trade

Spread from
0.0 pips
EUR/USD spread
Approx. 1.2 pips, Standard
GBP/USD spread
Approx. 1.4 pips, Standard
Commission
$0 Standard; commission applies to Active Trader pricing
All-in cost, EUR/USD
Approx. 1.2 pips, Standard
Spread type
Variable
Overnight swap
Both: overnight financing may be charged or credited
Inactivity fee
$50/year after 12 months inactivity
Deposit fee
None internally for standard methods
Withdrawal fee
Card withdrawals generally free; bank-wire fees may apply
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.

FXCM lists a minimum deposit of $50. 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 FXCM fees

Does FXCM charge to deposit or withdraw?

Deposit fees at FXCM: None internally for standard methods. Withdrawal fees: Card withdrawals generally free; bank-wire fees may apply.

Does FXCM charge an inactivity fee?

FXCM's inactivity fee is recorded as $50/year after 12 months inactivity.

What does FXCM charge to hold a position overnight?

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

Fees at brokers under the same regulator

More about FXCM