Overview of FXCM fees and charges
When trading or investing at an online broker, fees can have a big impact on your results, so it's good to know what kind of charges you'll be facing and how these compare to fees at other brokers.
If fees are your top concern, FXCM is a good choice, as it has low fees in general. Check our toplist for cheaper brokers.
I've personally tested dozens of global brokers, carefully looking at their fees not just on their website but also in the course of live trading. Here's how FXCM fared:
- FXCM charges low FX fees and low CFD fees.
- There is an inactivity fee if you don't trade for an extended period of time.
- The basic withdrawal fee is $0, but some transactions may cost more.
- Read our full review of FXCM for info on safety, trading platforms and funding.
| Assets | Fee level | Fee terms |
|---|---|---|
| EURUSD | Low | The fees are built into the spread, 0.7 pips is the average spread cost during peak trading hours. |
| GBPUSD | Low | The fees are built into the spread, 1 pip is the average spread cost during peak trading hours. |
| S&P 500 CFD | Average | The fees are built into the spread, 0.4 points is the average spread cost during peak trading hours. |
| Inactivity fee | Low | $50 per year after one year of inactivity |
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Low FX fees
|
EURUSD spread
|
0.7 | 1.2 | 0.1 |
|---|---|---|---|
|
GBPUSD spread
|
1.0 | 1.5 | 0.2 |
|
AUDUSD spread
|
0.9 | 1.2 | 0.2 |
|
EURCHF spread
|
2.4 | 1.9 | 0.4 |
|
EURGBP spread
|
1.3 | 1.2 | 0.3 |
Low CFD fees
|
S&P 500 index CFD fee
|
$3.4 | $3.2 | $3.2 |
|---|---|---|---|
|
Euro Stoxx 50 index CFD fee
|
$3.5 | $3.3 | $3.2 |
|
Apple CFD fee
|
$6.5 | $23.2 | $4.5 |
Low inactivity fee, no withdrawal fee
The broker does not charge any fees for account maintenance, deposit, or credit/debit card withdrawal.
However, there is an inactivity fee and bank withdrawal fees apply. The bank withdrawal fees depend on the currency and where your bank account is located.
| Broker | Inactivity fee | Withdrawal fee |
|---|---|---|
| FXCM | $0 | |
| Forex.com | $0 | |
| Pepperstone | $0 |
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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.
