1 The discount rate is the average discount under ATG commission referenced across our major pairs: EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, EUR/JPY and GBP/JPY
2 Monthly trading volume is the sum of all trades in terms of notional volume in USD for a given month. For example, if you trade 50,000k EUR/USD in one month at a rate of 1.20, your notional volume would be approximately 60,000,000 units of currency. Because the monthly trading volume is between 50 and 149 million, the commission per side per million would be $30.
Leverage: Leverage is a double-edged sword and can dramatically amplify your profits. It can also just as dramatically amplify your losses. Trading foreign exchange with any level of leverage may not be suitable for all investors.
Active Trader Accounts: Active Trader accounts offers spreads plus mark-up pricing or spreads plus commission pricing depending on your equity level and trading volume.
Commissions: Commission-based pricing is available on Active Trader account types. Commissions are charged at the open and close of trades in the denomination of the account.
Compensation: When executing customers' trades, FXCM can be compensated in several ways, which include, but are not limited to: spreads, charging fixed lot-based commissions at the open and close of a trade, adding a markup to the spreads it receives from its liquidity providers for certain account types, and adding a markup to rollover, etc.
Intermediary Markup: In some instances, accounts for clients of certain intermediaries are subject to a markup.
Average Spreads: Time-weighted average spreads are derived from tradable prices at FXCM from April 1, 2018 to June 30, 2018. Spreads are variable and are subject to delay. Note that Forex spreads are displayed in pips, while CFD spreads are displayed in points. The spread figures are for informational purposes only. FXCM is not liable for errors, omissions or delays or for actions relying on this information.
EFX Access: You can receive the eFXPlus service for your live FXCM Account at no cost. Trade at least 5 standard lots per month to get a monthly subscription to eFXplus for free. If you do not meet this requirement at the end of the month, your subscription will be cancelled.