Forex Pricing on FXCM Platform

Forex Pricing

FXCM’s Standard Account offers a transparent pricing model, made up of low, competitive commissions and super-tight spreads. You trade on the direct quotes we receive from our liquidity providers with no hidden markups, and our transparent commissions now start as low as $0.04 per 1k lot.

Commissions

On Standard accounts, FXCM charges a low, competitive commission to trade forex. Unlike many other forex providers, we do not markup the spreads, so there are no hidden charges or hidden fees when trading with FXCM. Commissions are based on instrument and trade size, and start as little as $0.04 per 1k lot.

COMMISSION SCHEDULE 1
EUR/USD – GBP/USD – USD/JPY – USD/CHF – AUD/USD – EUR/JPY – GBP/JPY
Trade Size 1,000 10,000 100,000 1,000,000
Per Side $0.04 $0.40 $4.00 $40.00
Round Turn $0.08 $0.80 $8.00 $80.00
COMMISSION SCHEDULE 2
AUD/CAD – AUD/CHF – AUD/JPY – AUD/NZD – CAD/CHF – CAD/JPY – CHF/JPY – EUR/AUD – EUR/CAD – EUR/CHF – EUR/GBP – EUR/NOK – EUR/NZD – EUR/SEK – EUR/TRY – GBP/AUD – GBP/CAD – GBP/CHF – GBP/NZD – NZD/CAD – NZD/CHF – NZD/JPY – NZD/USD – TRY/JPY USD/CAD – USD/CNH – USD/MXN – USD/NOK – USD/SEK – USD/TRY – USD/ZAR – ZAR/JPY
Trade Size 1,000 10,000 100,000 1,000,000
Per Side $0.06 $0.60 $6.00 $60.00
Round Turn $0.12 $1.20 $12.00 $120.00

Commissions shown above represent accounts with a base currency of USD.

Spreads

The table below shows FXCM’s average spreads for Standard Accounts. Our spreads are extremely low due to healthy competition in our vast network of global banks, financial institutions and other market makers that make up our renowned No Dealing Desk. You trade on the exact bid/ask quotes that stream from our liquidity providers.

Pair Spread Pair Spread Pair Spread Pair Spread
EUR/USD 0.4 USD/JPY 0.4 EUR/JPY 0.9 GBP/CHF 2.4
AUD/USD 0.5 USD/CHF 1.0 AUD/JPY 0.8 CAD/JPY 1.0
GBP/USD 0.8 EUR/CHF 1.2 EUR/AUD 1.7 ZAR/JPY 0.7
GBP/JPY 1.6 USD/CAD 0.7 USD/NOK 35.8 NZD/CAD 2.1
NZD/USD 0.9 EUR/GBP 0.7 EUR/CAD 1.7 GBP/NZD 5.4
CAD/CHF 1.4 AUD/CAD 1.4 NZD/JPY 1.4 TRY/JPY 4.1
GBP/CAD 3.0 AUD/CHF 1.3 AUD/NZD 2.3 USD/ZAR 104.5
EUR/NZD 3.5 CHF/JPY 1.7 GBP/AUD 2.9 EUR/NOK 54.5
USD/CNH 8.5 EUR/TRY 32.3 NZD/CHF 1.9 USD/MXN 55.0
USD/TRY 18.6 USD/SEK 28.1 EUR/SEK 40.1

TRANSACTION COSTS

Two components make up your total transaction costs when trading forex with an FXCM Standard Account: our low commissions and tight spreads.

How to Determine Transaction Cost for Standard Accounts

Say for example that you want to trade a 1K lot of EUR/USD. Simply add the commission to open and close a 1K EUR/USD trade ($0.04 + $0.04 = $0.08) with the value of the spread (0.2 pips X $0.10) = $0.02.

1k EUR/USD trade example

Example Spread

To find the value of the spread, multiply the spread and the pip cost (displayed in the Simple Dealing Rates window of FXCM’s 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 October 2015 to December 31 2015. 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.

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.