Is Forex.com free?

Disclaimer: 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Forex.com does not provide access to real stock trading on US markets. If you are looking for a zero-commission broker to trade on US stock exchanges, you can check our article detailing the best apps offered in this category of brokers. If you wish to stick with Forex.com though, then you will find the fees they charge below.

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73% of retail CFD accounts lose money

Forex.com fees
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 that other brokers do, or they only charge a small amount.

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 the spread, 1.3 pips is the average spread cost during peak trading hours.
US mutual fund fees - Not available
Inactivity fee Low $/€/AUD 15, £12 or JPY 1500 per month after one year of inactivity

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73% of retail CFD accounts lose money

Forex.com fees
Forex.com fees explained

Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely because 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 5,000 clients.

This is not to say, however, that they don't charge any fees at all. They make money by charging you various rates for various actions or events. Usually you need to keep an eye on the following three types of fees:

  • Trading fees - these are brokerage fees that you pay when you actually carry out a trade, like buying an Apple share or an ETF. What you pay is either a commission, a spread or a financing rate. Some brokers apply all of these.
    • A commission is either fixed or based on the traded volume.
    • A spread is the difference between the buy price and the sell price.
    • A financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.
  • Non-trading fees. These are usually related to some operations you carry out in your account, such as depositing money, withdrawing money, or not trading for an extended period.

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

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73% of retail CFD accounts lose money

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. several times a week).

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

Trading fees

Forex.com's trading fees are low.

Forex fees

Forex.com's forex fees are low.

Forex fees of a $20,000 30:1 position (open, 1-week-hold and close)
Forex.com FXCM Oanda
EURUSD benchmark fee $13.3 $15.9 $15.4
EURGBP benchmark fee $10.6 $14.2 $12.9

CFD fees

Forex.com has average CFD trading fees.

CFD fees and commissions on a $2,000 trade
Forex.com FXCM Oanda
Apple CFD $10.1 $1.0 -
Vodafone CFD $11.7 - -
Germany - - -

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 fee is charged as the following: 0.5% charge.

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73% of retail CFD accounts lose money

Forex.com fees
Forex.com non-trading fees

Some of Forex.com's non-trading fees are average.

Non-trading fees include various brokerage fees and charges at Forex.com that are not related to buying or selling assets. This can be a withdrawal fee, deposit fee, inactivity fee or account fee.

A high-level overview of how Forex.com stacks up in terms of 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

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73% of retail CFD accounts lose money

Forex.com fees
Forex.com deposit fee

Usually, brokers don't charge anything for deposits, and Forex.com is no different.

Forex.com deposit methods
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

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73% of retail CFD accounts lose money

Forex.com fees
Forex.com withdrawal fee

Forex.com generally doesn't charge a withdrawal fee.

Forex.com withdrawal fees and options compared
Forex.com FXCM Oanda
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes Yes
Electronic wallets Yes Yes Yes
Withdrawal fee for bank transfer $0 $0 $0

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73% of retail CFD accounts lose money

Forex.com fees
Forex.com inactivity fee

Forex.com does apply an inactivity fee and it is $/€/AUD 15, £12 or JPY 1500 per month after one year of inactivity. Keep this in mind to avoid getting charged after a longer idle period. The fact that Forex.com charges an inactivity fee makes it less ideal for you if you are a buy-and-hold investor.

The inactivity fee charged by Forex.com is low.

Forex.com FXCM Oanda
Inactivity fee Yes Yes Yes
Inactivity fee $/€/AUD 15, £12 or JPY 1500 per month after one year of inactivity $50 per year after one year of inactivity £10 per month after one year of inactivity

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73% of retail CFD accounts lose money

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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