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Spreadex 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 Spreadex's cost score.

Facts last checked . Read the full Spreadex review.

What it costs to trade

Spread from
0.6 pips
EUR/USD spread
Variable; from 0.6 pips
GBP/USD spread
Variable; from 0.9 pips
Commission
$0 on forex
All-in cost, EUR/USD
From 0.6 pips
Spread type
Variable
Overnight swap
Both: daily/overnight funding may be charged or credited
Deposit fee
None on standard methods
Withdrawal fee
Generally none on standard methods; £25 for CHAPS
Currency conversion
Applicable where currency conversion is required

What this means

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

Spreads from 0.6 pips suggest an all-in account, where the broker's fee is built into the price rather than charged separately. There is usually no commission on top, which makes the cost easier to predict.

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.

Spreadex lists a minimum deposit of $5. 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 Spreadex fees

What is the EUR/USD spread at Spreadex?

Spreadex records an average EUR/USD spread of variable; from 0.6 pips on a variable pricing model.

Does Spreadex charge commission?

Spreadex's commission is $0 on forex. A commission account usually pairs with a tighter spread, so the two have to be read together.

What does Spreadex charge to hold a position overnight?

Overnight financing at Spreadex is recorded as both: daily/overnight funding may be charged or credited.

Fees at brokers under the same regulator

More about Spreadex