Home / Reviews / FXOpen / Fees

FXOpen 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 FXOpen's cost score.

Facts last checked . Read the full FXOpen review.

What it costs to trade

Spread from
0.0 pips
EUR/USD spread
Approx. 0.1 pips, ECN
GBP/USD spread
Approx. 0.3 pips, ECN
Commission
$3.50 per side / $7 round turn, Basic ECN
All-in cost, EUR/USD
Approx. 0.8 pips
Spread type
Variable
Overnight swap
Both: overnight swaps apply; Islamic swap-free accounts available
Inactivity fee
$10/month
Deposit fee
Varies by method; 0% to 4%
Withdrawal fee
Varies by method; 0% to 2%+
Currency conversion
Conversion at FXOpen 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.

FXOpen lists a minimum deposit of $100. 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 FXOpen fees

What is the EUR/USD spread at FXOpen?

FXOpen records an average EUR/USD spread of approx. 0.1 pips, ECN on a variable pricing model.

Does FXOpen charge commission?

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

What does FXOpen charge to hold a position overnight?

Overnight financing at FXOpen is recorded as both: overnight swaps apply; Islamic swap-free accounts available.

Fees at brokers under the same regulator

More about FXOpen