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FXCM forex spreads

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Dec 2024
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Are forex spreads low at FXCM as of December 2024?

When trading forex, the spread – the difference between the bid and ask price – directly affects your profits. A lower spread means lower trading costs. But are the spreads at FXCM truly competitive?

Forex spreads at FXCM are average rather than low. For example, the EURUSD spread is 0.7, which is considered average.

Forex spreads and commissions: Your go-to guide for FXCM
Tamás
Tamás Gyuriczki
Investments • Stock Market • Market Analysis

Together with my brokerage analyst colleagues, I thoroughly tested the services of FXCM by opening a real-money account and executing actual trades on its platforms. Here’s what you need to know about forex spreads at FXCM.

  • The spreads may differ by currency pair, check them to control your trading costs.

  • Keep an eye out for any extra forex commissions.

  • Look for lowest spread forex broker available in our top list.

Overall score
4.3/5
Minimum deposit
$50
FX fee
Low
Index CFD fee
Low
Withdrawal fee
$0
Account opening
1-3 days
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63% of retail CFD accounts lose money

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Manage your trading budget effectively

Understanding and keeping a close eye on major currency spreads is crucial for managing your trading budget effectively.

Imagine you're trading EUR/USD and you totally get how spreads work – the lower, the better. By choosing a broker with the lowest spread, you save on every trade, boost your profits, and stay ahead of other traders. This means more money in your pocket and better decisions on your next move.

Here are the forex spreads at FXCM for major currency pairs:

Currency pair Spread Low / Average / High
EURUSD 0.7 Average
GBPUSD 1.0 Average
AUDUSD 0.9 Low
EURCHF 2.4 High
EURGBP 1.3 Average

Spreads were collected on Oct 5, 2023.

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63% of retail CFD accounts lose money

Keep an eye out for any extra forex commission at FXCM

You're lucky. At FXCM, you don't have to worry about any commission fees — your only cost is the spread. What does this mean for you?

So, let's say you buy 1,000 EUR/USD at the ask price of 1.1003 and then sell at the bid price of 1.1000:

  • Buy at 1.1003: You spend $1,100.30 to snag 1,000 euros.
  • Sell at 1.1000: You receive $1,100.00 when you sell those euros.

The difference? A $0.30. That's your total cost for the trade, courtesy of the 3-pip spread. No extra fees, no hidden charges. If the spread is your only cost and it’s low, think about how much you could save, and then use those savings for anything else. Maybe like buying chewing gum?

Make sure to look at the whole picture and total costs (spreads and commissions) when deciding which broker is the best for you.

See the brokers with the lowest spreads

Check our top list of the lowest-spread brokers. The BrokerChooser team conducts extensive evaluations of more than 100 brokers globally, focusing on critical factors such as regulation, financial stability, customer service quality and transparency of operations.

For more details on FXCM, read our comprehensive FXCM review for 2025.

Risk disclaimer

Stratos Markets Limited: FCA registration number 217689 (www.fxcm.com/uk)

Disclaimer: Stratos Markets Limited: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Stratos Europe Limited CySEC license number 392/20 (www.fxcm.com/eu)

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

All references on this site to "FXCM" refer to the Stratos Group.

Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.

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Further reading

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.

author
Tamás Gyuriczki
Author of this article
As a financial expert with BrokerChooser, I play an integral role in the analyst team by actively reviewing many of the 100+ brokers that are listed on our site. I personally open accounts with real money, execute trades, test customer services. My hope is that my first-hand experience with these brokers, incorporated in our reviews, helps users find the most suitable broker for their needs.
Visit FXCM 63% of retail CFD accounts lose money