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FXChoice fees and how they score

Cost is scored on what a trade actually costs all in, not on the headline spread. These are the figures behind FXChoice's cost score.

Facts last checked . Read the full FXChoice review.

What it costs to trade

Spread from
0.0 pips
EUR/USD spread
Approx. 0.2 pips, Optimum/Raw pricing
GBP/USD spread
Approx. 0.5 pips, Optimum/Raw pricing
Commission
Approx. $3.50 per side / $7 round turn
All-in cost, EUR/USD
Approx. 0.9 pips
Spread type
Variable
Overnight swap
Both: overnight swaps may be charged or credited
Deposit fee
Method-dependent; FXChoice offers reimbursement on qualifying deposit fees
Withdrawal fee
Method-dependent
Currency conversion
Conversion at applicable exchange rate

What this means

Cost is scored on what a trade actually costs all in, not on the headline spread.

A quoted spread from 0.0 pips is a raw-spread figure, which almost always means a separate commission per lot. Compare the two together - a "zero spread" account with a high commission can cost more than a wider spread with none.

Quoted spreads are best-case figures on the most liquid pair, in normal conditions. What you actually pay widens around news and at the session open.

FXChoice lists a minimum deposit of $10. Treat it as the cost of opening an account, not the cost of trading one - position sizing on a small balance is what tends to cause damage.

Questions about FXChoice fees

What is the EUR/USD spread at FXChoice?

FXChoice records an average EUR/USD spread of approx. 0.2 pips, Optimum/Raw pricing on a variable pricing model.

Does FXChoice charge commission?

FXChoice's commission is Approx. $3.50 per side / $7 round turn. A commission account usually pairs with a tighter spread, so the two have to be read together.

What does FXChoice charge to hold a position overnight?

Overnight financing at FXChoice is recorded as both: overnight swaps may be charged or credited.

Fees at brokers under the same regulator

More about FXChoice