Forex Average Spread Costs
CFD Average Spread Costs
Calculating Total Cost
The total cost to your trade is the spread multiplied by the pip cost. For example, assume EUR/USD on an AUD-denominated account has a spread of 1.2. To figure the total cost per 1K:
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.
Trading Accounts: Trading accounts offer 19 CFD instruments and 39 currency pairs. Price arbitrage strategies are prohibited and FXCM determines, at its sole discretion, what encompasses a price arbitrage strategy. Trading accounts offer spreads plus mark-up pricing. Spreads are variable and are subject to delay. Experienced traders can generally trade with up to 400:1 leverage on FX and 200:1 on CFDs. Leverage ratio could vary depending on the account’s equity level. Traders that are new to FX and CFD trading will be defaulted to 50:1 leverage.
Pip Cost: The pip cost may vary depending on the account denomination and the notional value of a currency pair which fluctuates on a daily basis. Current pip costs can be found on your trading platform.
Average Spreads: Time-weighted average spreads are derived from tradable prices at FXCM from January 1, 2018 to March 31, 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.