- يوليو 12, 2021
- Posted by: ForexTradeOn
- Category: Forex.com
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Introduction
With the Forex.com broker you can invest online in a multitude of different financial instruments such as forex, CFDs, commodities, cryptos, and shares.
This company, which has more than 20 years of experience in the sector, stands out for offering a professional and transparent service . The Forex.com group has a presence in a lot of countries and has various regulations, for example it is regulated by the FCA, the Financial Conduct Authority.
But, what is the cost of their services? Like other online brokers, Forex.com applies a series of fees, which represent their fees. If you want to know what are the most significant commissions for trading in Forex, and CFDs with this online broker, whether you are a client belong to the Latin American area, we invite you to read this article:
Commissions
Please, note that Forex.com charges commissions and spreads according to the trading product as well as the type of the account you have. Make sure to read the full section for in-depth information.
Trading Fees
Forex
Forex trading fees are considered low when compared to competitors. You can check the table below of the spreads of major currencies.
Forex.com – Forex Spreads
Product |
Spread |
AUD/USD |
5 |
EUR/GBP |
8.8 |
EUR/CHF |
7.1 |
EUR/JPY |
8.7 |
EUR/USD |
4.8 |
USD/CAD |
5.2 |
USD/CHF |
5.3 |
USD/JPY |
3.7 |
XAU/USD |
200 |
GBP/JPY |
14.7 |
GBP/USD |
9.2 |
NZD/USD |
7.2 |
Indices
The spreads of major indices are shown in the table below.
Forex.com – Indices Spreads
Product |
Spread |
Australia 200 |
10 |
China 50 |
11 |
France 40 |
5 |
Germany 30 |
7.2 |
Japan 225 |
13 |
UK 100 |
6 |
US SP 500 |
0.6 |
Wall Street |
5 |
Stocks/ Shares
The spreads for major shares are shown in the table.
Forex.com – Shares Spreads
Product |
Spread |
Type |
UK Crude Oil |
5 |
Fixed |
US Crude Oil |
0.04 |
Variable around market spread |
Coffee |
0.9 |
Fixed |
Corn |
1 |
Variable around market spread |
Cotton No 2 |
0.35 |
Fixed |
Heating Oil |
40 |
Variable around market spread |
NY Cocoa |
8 |
Fixed |
US Natural Gas |
18 |
Variable around market spread |
Soybean |
1.5 |
Variable around market spread |
Sugar No 11 |
0.06 |
Fixed |
Wheat |
1 |
Variable around market spread |
Cryptocurrencies
The average spreads for trading major cryptocurrencies are shown below.
Forex.com – Cryptocurrencies
Product |
Spread |
Bitcoin ($) |
90 |
Bitcoin Cash ($) |
3 |
Litecoin ($) |
2 |
Ripple ($) |
60 |
Bitcoin (£) |
80 |
Bitcoin (€) |
95 |
Bitcoin AUD |
145 |
Ethereum ($) |
8 |
Disclaimer: CFDs have a high risk of losing money rapidly. 79% of retail investor accounts lose money due to leverage when trading CFDs with this provider. CFDs are not complying with the islamic religion. And if you want to trade in CFDs you should consider a swap-free account to follow islamic rules. Learn more about CFDs for muslims.
Non-Trading Fees
- Account fee: $0
- Deposit fees: $0
- Withdrawal fees: $0
- Inactivity fee: FOREX.com charges an inactivity fee of $15 (15 base currency equivalent, or 1500 JPY) per month if there is no trading activity or no open positions for a period of 12 months or more.
FAQs
- Does Forex.com give a bonus?
- Yes, Forex.com offers a welcome %20 bonus of the first deposited amount up to $5,000 in the first 14 days.
- Does Forex.com allow scalping?
- Yes we allow scalping but if you are going to request a lot of quotes and not act on them the system will put you on the bottom of the list and you will receive lesser priority.
- Does Forex.com allow hedging?
- Since it is regulated by the NFA, you cannot use this broker to take on hedging positions in the same trading account if you are based in the U.S.
- Is there a commission demo account available?
- No.
- How are metals traded?
- Gold and silver are traded as spot while copper, palladium and platinum are traded as CFD futures.
- Can I trade cryptocurrencies on the MetaTrader trading platforms?
- At this time, cryptocurrency trading is available on the MetaTrader 5 platform, but not the MetaTrader 4 trading platform.
- Can my balance go negative?
- While Forex.com’s margin requirements, closeout levels and real-time margin system are designed to limit your trading losses, you do risk incurring losses greater than your account balance, especially during periods of extreme market volatility.