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TopFX 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 TopFX's cost score.

Facts last checked . Read the full TopFX review.

What it costs to trade

Spread from
0.0 pips
EUR/USD spread
Approx. 0.2 pips, Raw
GBP/USD spread
Approx. 0.4 pips, Raw
Commission
$2.75 per side / $5.50 round turn, Raw
All-in cost, EUR/USD
Approx. 0.75 pips
Spread type
Variable
Overnight swap
Both: overnight swaps may be charged or credited
Inactivity fee
No standard inactivity fee prominently advertised
Deposit fee
Generally none internally
Withdrawal fee
Method-dependent
Currency conversion
Applicable where conversion is required

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.

TopFX lists a minimum deposit of $0. 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 TopFX fees

What is the EUR/USD spread at TopFX?

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

Does TopFX charge commission?

TopFX's commission is $2.75 per side / $5.50 round turn, Raw. A commission account usually pairs with a tighter spread, so the two have to be read together.

What does TopFX charge to hold a position overnight?

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

Fees at brokers under the same regulator

More about TopFX