Overview of Forex.com fees and charges

It's safe to say that Forex.com's fees are low in general. They either don't charge a brokerage fee for things other brokers do charge for, or they only charge a small amount. This means that you can use Forex.com even in case you trade frequently like multiple times a week or daily.

Here's a high level overview of Forex.com's fees

Forex.com Fees snapshot
Assets Fee level Fee terms
US stock fee - Not available
EURUSD fee Low The fees are built into spread, 1.3 pips is the average spread cost.
US tech fund fee - Not available
Inactivity fee Low £/$/€ 15 per month after one year of inactivity

Forex.com fees
Forex.com fees explained

Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely due to the fact that online brokerages' businesses can be much better scaled: From a purely technical standpoint it doesn't make that much of a difference for them if they have 100 or 5000 clients.

This is not to say however that they don't have any fees at all. They make money by charging you at various events for various rates. Usually you need to keep an eye on these 3 types of fees:

  • Trading fees - these are brokerage fees that you pay when you actually do a trade, i.e. buying an Apple stock or an ETF. What you pay is either a commission, a spread or financing rate. Some brokers apply all of these.
    • A commission is either based on the traded volume or it is fixed.
    • A spread is the difference between the buy price and the sell price
    • Financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.
  • Non-trading fees. These occur related to some operations you make in your account, i.e. depositing money to your account, withdrawing money from it or not trading for an extended amount of time.

We compare Forex.com fees with its closest competitors, Oanda and Interactive Brokers.

Forex.com fees
Forex.com trading fees

Forex.com's trading fees are low which makes it suitable for you even if you trade often (i.e. multiple times a week).

Let's break down the trading fees into the different asset classes available at Forex.com.

Trading fees

Forex.com's trading fees are low.

It is super hard to compare trading fees for forex brokers. What we did at BrokerChooser? Instead of quoting long fee tables, we compare brokers by calculating all fees of a typical trade for two currency pairs.

  • EURUSD, a popular currency pair
  • EURGBP, another popular currency pair

The typical trade means that you buy for $20,000 using 30:1 leverage, and sell it after a week.

This super catch-all benchmark includes spreads and financing costs for all brokers.

Here is the verdict.

Forex.com forex trading fees
Forex.com Oanda Interactive Brokers
EURUSD benchmark fee $12.6 $15.9 $17.9
EURGBP benchmark fee $9.9 $10.7 $13.0

Financing rates

Forex.com financing rates are low.

If you want to trade on margin and prefer to hold your positions long, financing costs can be significant.

Forex.com yearly financing rates
Forex.com Oanda Interactive Brokers
Apple CFD financing rate 5.5% - 4.3%
Vodafone CFD financing rate 4.0% - 1.7%
EURUSD financing rate 2.8% 3.7% 3.7%
EURGBP financing rate 1.9% 1.9% 2.3%

Forex.com fees
Forex.com non-trading fees

When it comes to looking at all the non-trading fees Forex.com is an average broker. This means that some of the non-trading fees are high, but the others are low or not charged at all.

Non-trading fees include various brokerage fees and charges at Forex.com that you pay not related to buying and selling assets. Among some others, typical non trading fees are withdrawal fee, deposit fee, inactivity fee and account fee.

A high level overview of how Forex.com stacks up in non-trading fees
Forex.com Oanda Interactive Brokers
Withdrawal fee $0 $0 $0
Deposit fee $0 $0 $0
Inactivity fee Yes Yes Yes
Account fee No No No

Forex.com fees
Forex.com deposit fee

Deposit fees are applied when you send money to your trading account from your bank account. Usually brokers don't charge money for that and Forex.com is not different: you will see the exact same amount on your brokerage account that you sent by any of the deposit methods Forex.com offers.

Forex.com deposit methods
Forex.com Oanda Interactive Brokers
Bank transfer Yes Yes Yes
Credit/Debit card Yes Yes No
Electronic wallets Yes Yes No
Deposit fee $0 $0 $0

Forex.com fees
Forex.com withdrawal fee

Unlike the majority of the online brokers we have reviewed Forex.com does not charge a withdrawal fee. This means that you'll see the same amount of money on your bank account that you transferred from your brokerage account.

Forex.com withdrawal fees and options compared
Forex.com Oanda Interactive Brokers
Bank transfer Yes Yes Yes
Credit/Debit card Yes Yes No
Electronic wallets Yes Yes No
Withdrawal fee with bank transfer $0 $0 $0

Forex.com fees
Forex.com inactivity fee

Forex.com does apply an inactivity fee and it is £/$/€ 15 per month after one year of inactivity. This means that you need to be strategic about your trading activity to avoid getting charged after a longer time of no trade. The fact that Forex.com charges an inactivity fee makes it less ideal for you if you are a buy and hold investor.

Forex.com has low inactivity fee.

Forex.com Oanda Interactive Brokers
Inactivity fee Yes Yes Yes
Inactivity fee £/$/€ 15 per month after one year of inactivity $10 per month after 2 years of inactivity $20 per month if you have less than $2,000 account balance and if you don't generate minimum $20 in commissions. $10 for accounts having at least $2,000 account balance, while no inactivity fee for US clients choosing IBKR Lite plan.

Read more about Forex.com inactivity fee on their own site.

Ádám Nasli

Ádám Nasli

Broker Expert

Author of this article

Ádám is a motivated finance expert with over two years of experience in banking and investment, and a professional degree in this field. He's eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology



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