Overview of Forex.com Fees & Pricing

Forex.com, the global FX and CFD broker, charges low fees in general. Either they do not charge a brokerage fee for the services that other brokers do, or their fees are very low. Favorable trading and non-trading fees make Forex.com an ideal broker for investors who trade daily or multiple times a week.

Overview of Forex.com fees and commissions
Fee type Fee level Fee terms
EURUSD fee Low The fees are built into the spread, 1.3 pips is the average spread cost during peak trading hours.
GBPUSD fee Low The fees are built into the spread, 1.1 pips is the average spread cost during peak trading hours.
S&P 500 CFD fee Low The fees are built into the spread, 0.6 points is the average spread cost during peak trading hours.
Inactivity fee Low $/€/AUD 15, £12 or JPY 1500 per month after one year of inactivity

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Trading Costs and Fees at Forex.com for 2023
The essence: Forex.com fees at a glance

  • Forex.com charges low trading and non-trading fees.
  • Financing rates at Forex.com beat the competition.
  • The withdrawal fee is $0 and deposits also come free of charge.
  • The broker charges an inactivity fee of $15 per month after one year of inactivity.

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Trading Costs and Fees at Forex.com for 2023
Forex.com trading fees

Forex.com's trading fees are low, so the broker is a good choice 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.

We compared the fees of Forex.com with those of its closest competitors, FXCM and Oanda..

Forex trading fees

Forex.com has low currency trading fees.

Instead of quoting long fee tables, we compared brokers by calculating all the fees of a hypothetical trade for two currency pairs:

  • EURUSD
  • EURGBP
Forex.com forex trading fees
Forex.com FXCM Oanda
EURUSD benchmark fee $13.3 $15.9 $15.4
EURGBP benchmark fee $10.6 $14.2 $12.9

In our example, we invested $20,000 using 30:1 leverage, and held the position for a week. This super catch-all benchmark includes spreads and financing costs for all brokers.

CFD trading fees

Forex.com has average CFD trading fees.

Stock index CFD fees are low while stock CFD fees are high. Stock index CFD fees are built into the spreads and stock CFD fees are charged via commission.

CFD fees, commission for a $2,000 trade
Forex.com FXCM Oanda
S&P 500 index CFD fee $2.7 $2.8 $2.3
Europe 50 index CFD fee $2.5 $2.2 $2.0
Apple CFD $10.1 $1.0 -
Vodafone CFD $11.7 - -

Financing rates

Forex.com financing rates are low.

Forex.com yearly financing rates
Forex.com FXCM Oanda
Apple CFD financing rate 6.3% 9.1% -
Vodafone CFD financing rate 4.7% - -
EURUSD financing rate 2.8% 3.5% 3.5%
EURGBP financing rate 1.8% 2.6% 2.6%

If you trade on margin and prefer to hold your positions for a longer period, financing costs can be significant.

Currency conversion fee

Forex.com will charge a currency conversion fee for all trades on instruments denominated in a currency different to the currency of your account. The currency conversion fee at Forex.com is 0.5% of the traded amount.

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Trading Costs and Fees at Forex.com for 2023
Forex.com non-trading fees

Forex.com charges average non-trading fees.

Non-trading fees are levied for services not directly related to trading. Some of these fees are high at Forex.com while others are low and some services come for free. Typical non trading fees include the withdrawal fee, the deposit fee, the inactivity fee and the account fee.

Forex.com non-trading fees
Forex.com FXCM Oanda
Withdrawal fee $0 $0 $0
Deposit fee $0 $0 $0
Inactivity fee Yes Yes Yes
Account fee No No No

Trading Costs and Fees at Forex.com for 2023
Forex.com deposit fee

Depositing money into your brokerage account at Forex.com is free of charge. The brokerage’s clients have several deposit methods at their disposal.

Forex.com deposit options and fees
Forex.com FXCM Oanda
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes Yes
Electronic wallets Yes Yes Yes
Deposit fee $0 $0 $0

Trading Costs and Fees at Forex.com for 2023
Forex.com withdrawal fee

Forex.com does not charge a withdrawal fee, which is not the standard in the brokerage industry. The broker offers several withdrawal options.

Forex.com FXCM Oanda
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes Yes
Electronic wallets Yes Yes Yes
Withdrawal fee with bank transfer $0 $0 $0

Trading Costs and Fees at Forex.com for 2023
Forex.com inactivity fee

The inactivity fee at Forex.com is $15 per month after one year of inactivity.

The inactivity fee is 15 base currency equivalent or 1500 JPY. You need to be strategic about your trading activity to avoid being charged after a longer time of no trades. The fact that Forex.com charges an inactivity fee makes it less ideal if you are a buy and hold investor.

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Trading Costs and Fees at Forex.com for 2023
Forex.com fees FAQ

Does Forex.com charge commission?

Forex.com charges commissions when you trade FX on a Commission Account or an STP Pro Account. Commission Accounts trade on low variable spreads plus a flat $5 commission per standard lot (100K) that is charged at the time the trade is executed. STP Pro Accounts have variable commissions based on the traded volume.The broker charges a commission of $0.018 per share for US stocks with a minimum fee of $10. For UK stocks, the commission amounts to 0.08% of the trade value.

Does Forex.com charge overnight?

There is no data exchange fee at Forex.com but clients who hold their positions overnight will be charged a financing/rollover fee. For forex, margin requirements vary by currency pair and the minimum margin rates range from 1% to 100%.

Does Forex.com have a monthly fee?

There is no account management fee at Forex.com but the broker charges a monthly inactivity fee of $15 (or 15 base currency equivalent) per month after 12 months of inactivity.

Is Forex.com better than Oanda?

While Oanda and Forex.com are very similar in that they are both forex/CFD brokers, the two can differ when it comes to the details. Forex.com has much higher fees than Oanda and its desktop platform is mediocre. Fees are especially high for CFD trades, not so much for forex. At the same time, Oanda has somewhat higher deposit and withdrawal fees.

Further reading

Author of this article

Ádám Nasli

Author of this article

Ádám worked in banking and investment, and holds a professional degree in this field. He is a motivated finance expert, having joined BrokerChooser in 2018. He's also eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible. In his spare time, he loves learning new things, especially data science, algo trading, programming and trading.

Ádám Nasli

Analyst Head

Ádám worked in banking and investment, and holds a professional degree in this field. He is a motivated finance expert, having joined BrokerChooser in 2018. He's also eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible. In his spare time, he loves learning new things, especially data science, algo trading, programming and trading.

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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73% of retail CFD accounts lose money

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