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CompassFX Fees, Spreads and Commissions

Compass FX Fees and Spreads

 

Trading with Compass FX involves fees from various firms,  spreads from 0.01 pips and commission-free trading depending on the account traders select to use.

 

🔎 Account💰 Min Deposit🔁 Conversion Fee🛑 Inactivity Fee📊 Spreads from
🥇 Standard📌 $500 USD / R 8000 ZAR☑️ No ☑️ NoVarious over firms

 

Overall Rating

4.2/5

Rated #284 of
Recommended FX Brokers

💰Minimum Deposit

USD 500

🌐 Regulators

📱 Trading Desk

Meta Trader 4 

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Compass FX Fees, Spreads, and Commissions – 9 Key Point Quick Overview:

 

  1. ☑️Compass FX Overview
  2. ☑️Compass FX Safety and Security
  3. ☑️Compass FX Minimum Deposit
  4. ☑️Compass FX Fees, Commissions and Spreads
  5. Compass FX Deposits and Withdrawals
  6. Compass FX Customer Reviews
  7. CompassFX Pros and Cons
  8. Compass FX Conclusion
  9. Frequently Asked Questions

 

Compass FX Overview

 

Compass FX Live account selection

 

CompassFX spreads start from 0.1 pips, it is not clear if CompassFX does charge commission. Traders must verify this information with the broker as it is not stated on the website. CompassFX does not charge for both deposit fees and withdrawal fees. Compass FX does not document any inactive fees.

 

Finding a reputable list of CompassFX Fees and Spreads local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

 

Below is an in-depth Fees and Spreads review regarding this regulated Forex Company, which will assist traders and allow traders to invest in their currency.

 

CompassFX spreads start from 0.1 pips on their Standard Account. The spread list and fee schedule which is offered by CompassFX is not that transparent as well as competitive. Fees, spreads, and commissions that traders can expect when trading with CompassFX is as follows:

 

  • Forex – from 0.1 pips on the Standard Account. Zero commissions are charged when trading forex.
  • Commodities –Traders can trade both mini and micro-lots and there are no overnight fees
  • CFDs – CFDs have commissions that are charged.

 

Compass FX Safety and Security

 

Compass FX Safe and Regulated

 

Compass FX is regulated by the National Futures Association (NFA) with registration number 0232832. Since being established in 1990 already, it has gained ample experience as a forex trading company that also only makes use of top-tier liquidity providers.

 

🔎 Regulatory Authority📌 Abriviation🌎 Country
🥇 National Futures AssociationNFAChicago
🥈 Australian Securities and Investment CommissionASICAustralia

 

Compass FX Minimum Deposit

 

Compass FX Minimum Deposit

 

The minimum deposit amount required to register a Compass FX Professional live trading account is $500 USD. This minimum deposit amount required for Standard Account registration will depend on the payment system chosen.

 

🔎 Account💰 Min Deposit🚀 Open an Account
📌 Standard $500 USD / R8000 ZAR👉 Click Here

 

Compass FX Fees, Commissions and Spreads

 

Compass FX Fees and spreads risk factors

 

The cost and fees a trader would be confronted with will depend on the broker he chooses to be introduced to as well as the type of account, platform, and trading products used for trading.

 

🔎 Account💰 Min Deposit🔁 Conversion Fee🛑 Inactivity Fee📊 Spreads from
🥇 Standard📌 $500 USD / R 8000 ZAR☑️ No ☑️ NoVarious over firms

 

Compass FX Deposits and Withdrawals

 

Compass FX Deposit & Withdrawals through firms

 

Deposits to fund accounts with Compass FX, as well as eventual withdrawals from accounts, are in actual fact made through the currency brokers they introduce and are not handled solely by the company itself.

 

The minimum deposit for opening one of the two types of Accounts is 250 USD for the Micro Account and for the Standard Account a minimum of 2 500 USD is required.

 

The funding of such an account can be executed with the use of a Wire Transfer or a credit card

 

Overall Rating

4.2/5

Rated #284 of
Recommended FX Brokers

💰Minimum Deposit

USD 500

🌐 Regulators

📱 Trading Desk

Meta Trader 4 

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Compass FX Customer Reviews

 

Good Profit…

I have earned some good profits since I joined Compass Fx. At the moment, my fund grows up to $1050, and I have already made some withdrawals several times. I normally trade on EUR/USD or USD/CAD as it has become my favorite currency pair as well. The platform system is working smoothly, and I also used MT4. The platforms Mt 4 and Mt 5 are working fast and without the broker manipulating the prices. Spreads are tight and the customer staff is very polite.

 

Compass FX Trustpilot Reviews

 

I’ve just started and I already feel…

I’ve just started and I already feel like I’m part of the family. Assistants who are willing to help and sharpen your trading skills.

 

Compass FX Trustpilot 4 stars

 

Friendly staff

It was nice to receive a call from their customer service welcoming me on board and offering help and their contact details 👍

 

Compass FX Trustpilot Reviews

CompassFX Pros and Cons

 

✔️ Pros❌ Cons
Comprehensive and competitive trading conditions despite lack of bonuses and rewardsWelcome bonus, deposit bonus, no deposit bonus, and no other broker bonuses offered with sign-up
Bank Wire Transfer is a trusted method of paymentNo referral bonus offered
Demo account sign-up fully digitalNo trading bonus for loyal customers
The proprietary trading platform is web-basedDemo account expires after 30 days
Well-regulatedNo Islamic account for Muslim traders who follow the Sharia Law.
Demo account Hidden costs
Popular trading platform
Popular trading platform
Competitive trading conditions
Demo account

 

Compass FX Conclusion

 

Overall, trading with Compass FX involves fees from various firms,  spreads from 0.01 pips and commission-free trading depending on the account traders select to use.

 

You might also like: CompassFX Sign-up Bonus 

You might also like: CompassFX Demo Account

You might also like: CompassFX Minimum Deposit 

You might also like: CompassFX Account Types

You might also like: CompassFX Review

 

Frequently Asked Questions

What spreads can I expect with CompassFX?

With CompassFX spreads can start from 0.1 pip on the Standard Account.

 

Does Compass FX charge overnight fees?

Compass FX does not have an Islamic account option therefore there is no overnight fee charge.

 

What is the cost of trading with Compass FX?

The minimum deposit amount required to register an account is $500 USD  /  R 8000 ZAR

 

Will I have to pay any deposit and withdrawal fees with Compass FX?

Compass FX offers the opportunity to select different firms to trade with and each firm has there own deposit and withdrawal fees apply.

 

Does Compass FX charge inactivity fees?

Compass FX does not have inactivity fees.

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

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