Trading fees can reveal which strategies a broker supports, and which remain discouraged. They directly impact profitability, and traders should consider Forex.com fees before opening a trading account.
Our comprehensive Forex.com fees review breaks down the trading and non-trading fees. Does Forex.com ensure traders have a competitive edge in a low-cost pricing environment, and does it treat all traders equally? Find out everything you should know about Forex.com fees to make an informed decision, additional info about Forex.com may be found in our in-depth broker review.
Overview of Forex.com Fees and Charges
Forex.com offers MT4/MT5 Forex traders a commission-free pricing environment. While the minimum spread is 0.8 pips or $8.00 per 1.0 standard round lot, average costs are above 1.3 pips or $13.00. The commission-based alternative is only available on the proprietary Advanced Trading Platform with minimum markups of 0.2 pips for a commission of $5.00 per 1.0 standard round lot or $7.00 and average costs approaching $10.00.
The Active Trader Rebate Program can decrease final Forex.com fees by up to 15%, which can allow high-volume traders to achieve more competitive trading costs. The DMA account maintains the cheapest cost structure with access to raw spreads of 0.0 pips for a commission between $2.00 and $6.00, dependent on monthly trading volume. The minimum trade size is 1.0 lots with a recommended Forex.com minimum deposit of $25,000.
Equity CFD traders pay a minimum commission of 0.08% per trade, or $0.018 per share per side, on US-listed assets, which is 20% cheaper than most brokers, with minimum commissions per order ticket. Forex.com prices indices with a minimum markup of 1.5 points, commodities at $0.04, and cryptocurrencies with 10.0 points. Average Forex.com fees are higher and depend on liquidity but rank competitively overall.
Forex.com extends its cost advantage with swap rates on leveraged overnight positions, which rank among the cheapest industry-wide, and include positive ones where applicable, meaning it pays traders to hold positions. A 0.50% currency conversion applies if the asset currency differs from the account base currency. For example, trading Euro assets in a US Dollar account.
High-volume Forex traders who do not require the MT4/MT5 infrastructure benefit from cheap Forex.com fees, while MT4/MT5 traders must accept costs that can be more than twice as high. Non-Forex assets remain competitively priced, and the Forex.com fees support demanding short-term strategies like scalping and high-frequency trading or algorithmic trading and medium-to longer-term portfolios.
Here is a snapshot of Forex.com fees:
Fee | Type of Fee | Applicable at Forex.com |
|---|---|---|
Spreads | Trading fee | Yes (minimum between 0.0 to 0.8 pips on majors) |
Commission | Trading fee | Yes ($2.00 to $6.00 per round lot for Forex) |
Swap rates on leveraged overnight positions | Trading fee | Yes (asset-dependent and listed in the platform) |
Live Price Feed / Stamp Duty/ Settlement Fee | Trading fee | No (Forex.com does not list any) |
Deposit Fee | Non-trading fee | No (third-party costs may apply) |
Withdrawal Fee | Non-trading fee | No (third-party costs may apply) |
Inactivity Fee | Non-trading fee | $15 monthly after 12 months |
Account Fee | Non-trading fee | No (Forex.com trading accounts are free of charge) |
Currency Conversion Fee | Trading fee and non-trading fee | Yes (0.50% where applicable) |
Forex.com Fees, Spreads, and Commission Explained
Despite decreasing trading costs, traders should know the Forex.com fees. It will help them understand what they must pay, why they have to pay, and how those costs compare to other brokers. Trading costs at brokers fall into two categories: trading and non-trading fees.
Trading fees are:
- Spreads (the difference between the bid and the ask price of an asset, where Forex.com features an above-average commission-free structure and a competitive commission-based alternative for high-volume traders)
- Commissions (Forex.com commission range between $2.00 to $6.00 for Forex traders and 0.08% per trade, or $0.018 per share per side, on US-listed assets with minimum commissions per order ticket)
- Swap rates (charged on leveraged overnight positions, where Forex.com ranks among the cheapest, dependent on the asset, including positive swap rates, making it ideal for traders keeping positions open overnight)
- Currency conversion fees (0.50% applicable each time the currency of the asset differs from the account base currency)
Non-trading fees are:
- Deposit fees (not applicable at Forex.com)
- Withdrawal fees (not applicable at Forex.com)
- Inactivity fees ($15 monthly after 12 months)
- Currency conversion fees (0.50% for deposits and withdrawals in currencies that differ from the account base currency)
Forex.com Trading Fees
Forex.com trading fees apply to each transaction and are asset dependent. The Forex.com account types consist of a commission-free option for MT4/MT5 traders and two competitively priced commission-based alternatives for the proprietary Advanced Trading Platform.
Here is an overview of minimum commission-free trading fees at Forex.com:
Asset | Minimum Markup over Raw Spreads | Minimum Commission | Total Forex.com Fees |
|---|---|---|---|
Forex (Standard account) | 0.8 pips (1.3+ pips average) | Commission-free | $8.00 per 1.0 round lot ($13.00+ average) |
Forex (Commission account) | 0.2 pips | $5.00 per 1.0 standard round lot | $7.00 per 1.0 standard round lot |
Forex (DMA account) | 0.0 pips | $2.00 to $6.00 per 1.0 standard round lot | $2.00 to $6.00 per 1.0 standard round lot |
Equities | 0 (only raw market spreads apply) | $0.018 per share per side for US equities (minimum commission applies) | Asset and volume-dependent |
Cryptocurrencies | From 10.0 points (80 on Bitcoin) | Commission-free | Asset dependent ($80+ per Bitcoin) |
Indices | From 0.6 points (S&P 500) | Commission-free | $6.00 + per contract (S&P 500) |
Commodities | From $0.04 (US Crude Oil) | Commission-free | $0.04+ per contract(US Crude Oil) |
Overnight Fees (Swap rates)
Swap rates on leveraged overnight positions are the most ignored trading costs, and traders must evaluate them if they keep overnight trades to calculate final trading costs. Depending on the trading strategy, it may become the most significant fee per trade.
Traders must pay swap rates on leveraged overnight positions, which triple on Wednesday to account for trades kept open over the weekend. Closing positions before 5 p.m. EST allows traders to avoid swap rates if it suits their trading strategy.
MT4/MT5 traders can easily access swap rates from their platform by following these steps:
1. Right-click on the desired symbol in the Market Watch window and select Specification.
2. Scroll down until you see Swap Long and Swap Short.
Noteworthy:
- Forex.com ranks among the cheapest brokers for leveraged overnight trading due to low swap rates.
- Positive swap rates can apply, when Forex.com pays traders to keep leveraged overnight positions.
Currency Conversion Fees
Forex.com levies a 0.50% currency conversion fee each time the quote currency of an asset does not match the account base currency. For example, a British Pound denominated asset from a US Dollar trading account. Forex traders may face frequent currency conversion fees as currency pairs consist of two currencies. Since the US Dollar is part of 80%+ of the daily Forex trading volume, Forex traders can often lower currency conversion fees if they trade from a US Dollar base account. Equity traders who primarily trade UK or EU shares should opt for a British Pound or Euro account.
Forex.com Non-Trading Fees
Non-trading fees refer to account transactions other than trading, like deposits, withdrawals, and inactivity. They are notably less frequent, but traders should know them to avoid confusion and explain potential account deductions.
Forex.com has limited non-trading fees, but third-party fees may apply, especially during financial transactions, which Forex.com does not control. Traders should consider them to understand all potential trading costs.
Forex.com Deposit Fee
Forex.com has no internal deposit fee, meaning a trader making a $1,000 deposit will receive $1,000 in their Forex.com trading account. The US Dollar, Euro, British Pound, Swiss Franc, Polish Zloty, and Hungarian Forint are the known Forex.com account base currencies. A 0.50% currency conversion fee applies if traders deposit in an unsupported Forex.com account base currency.
Forex.com Withdrawal Fee
There is no internal withdrawal fee at Forex.com, except for a 0.50% currency conversion fee. Traders must also consider potential third-party payment processor costs. Additional costs may apply for traders who use their Forex.com withdrawal for follow-on transactions like bill payments, consumption, or other purposes, to the final destination of funds.
Forex.com Inactivity Fee
Forex.com levies a monthly inactivity fee of $15 after twelve months of dormancy. Since most traders remain active, it is a fee many will never face. Traders can ask customer support for clarification on activity and if they have to create a login activity, for example, checking their account balance or if they must place a revenue-generating trade.
Forex.com Safety and Security
The corporate owner of Forex.com, StoneX, is a publicly listed company in the US. Forex.com operates with a separate management team and maintains its trustworthy reputation. The group has nine regulators, but some regulatory licenses are from StoneX, GAIN Capital, or CityIndex. The Forex.com website may redirect to any of them, dependent on the geographic location of traders.
Forex.com segregates client deposits from corporate funds and offers negative balance protection. Certain countries where it has branches, like the UK and Cyprus, offer an investor compensation fund. The former secures 100% of deposits up to £85,000, and the latter reinstates 90% up to €20,000. Other restrictions apply, like EU-based or US-based traders must trade with the Forex.com subsidiary in their jurisdiction and cannot access the more competitive trading environment at its offshore units. Forex.com, regardless of the operating subsidiary, is an overall safe and secure multi-asset broker.
Forex.com Fees Bottom Line
Forex.com fees for MT4/MT5 traders are commission-free. While Forex.com advertises minimum Forex spreads of 0.8 pips, average ones are 1.3 pips and above, resulting in costs of $13.00+ per 1.0 standard round lot. The commission-based alternative is only available on the proprietary Advanced Trading Platform, where Forex.com minimum markups are 0.2 pips for a commission of $5.00 per 1.0 standard round lot or $7.00, but average costs approach $10.00. The Active Trader Rebate Program can lower final Forex.com fees by up to 15%, which allows high-volume traders to achieve more competitive trading costs. The DMA account, where the minimum trade size is 1.0 lots, grants access to raw spreads for commissions between $2.00 and $6.00, dependent on monthly trading volume.
The trading environment at Forex.com remains innovative, with excellent order execution statistics. The average price improvement on Forex limit orders of 0.78 pips or $7.80 per 1.0 standard round lot increases profitability, and swap rates on leveraged overnight positions rank among the cheapest industry-wide. Therefore, unless traders require the MT4/MT5 trading infrastructure, the Forex.com fees are very competitive, especially for high-volume traders. Yes, Forex.com raw account commissions apply in the DMA account and range between $2.00 and $6.00 per 1.0 standard round lot, which depends on the monthly trading volume. Yes, Forex.com charges a monthly inactivity fee of $15 after twelve months of dormancy. It depends on the fees charged at Forex.com. For example, spreads apply the instant a trader takes a position, commissions on each transaction, and swap rates only if traders maintain leveraged overnight trades. Currency conversion fees only apply if the asset quote currency differs from the account base currency. Forex.com does not have internal withdrawal fees except a 0.50% currency conversion fee if applicable. Traders must consider potential third-party processing fees, which Forex.com does not control. Forex.com charges spreads, commissions, swap rates, and currency conversion fees where applicable. The final cost structure depends on the Forex.com account type and monthly trading volume, where volume-based rebates lower trading costs significantly. Forex.com has two commission-based Forex trading accounts and charges commissions on equity trading. Forex traders pay between $2.00 to $6.00 per 1.0 standard round lot, depending on their Forex.com account type and monthly trading volume.FAQs
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