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FXCess 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 FXCess's cost score.
Facts last checked . Read the full FXCess review.
What it costs to trade
- Spread from
- 0.0 pips
- EUR/USD spread
- Approx. 0.2 pips, STP/ECN
- GBP/USD spread
- Approx. 0.4 pips, STP/ECN
- Commission
- Approx. $4.50 per side / $9 round turn, Zero Spread
- All-in cost, EUR/USD
- Approx. 0.9 pips
- Spread type
- Fixed and variable, account-dependent
- Overnight swap
- Both: overnight swaps may be charged or credited; swap-free accounts available
- Inactivity fee
- $50 after 12 months inactivity, then annually
- Deposit fee
- Generally none internally
- Withdrawal fee
- Generally none internally; bank/payment-provider charges may apply
- Currency conversion
- Conversion at prevailing 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.
FXCess 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 FXCess fees
What is the EUR/USD spread at FXCess?
FXCess records an average EUR/USD spread of approx. 0.2 pips, STP/ECN on a fixed and variable, account-dependent pricing model.
Does FXCess charge commission?
FXCess's commission is Approx. $4.50 per side / $9 round turn, Zero Spread. A commission account usually pairs with a tighter spread, so the two have to be read together.
What does FXCess charge to hold a position overnight?
Overnight financing at FXCess is recorded as both: overnight swaps may be charged or credited; swap-free accounts available.