CrescoFX spread and commission fees start from US Dollar 1.50 with spreads from 0.7 pips. CrescoFX fees charged on deposits fees and withdrawal fees, CrescoFX does not require fees to be paid on either but traders will have to verify with their payment providers in case they have their own fees charged on transactions.
Finding a reputable list about CrestoFX 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.
Fees and Spreads
CrescoFX mentions on its website that it offers lower transaction cost through commissions and raw spread below 1 pip for major currency pairs for all account types.
The typical raw spread floats around 0.7 for EUR/USD pair, yet may be slightly different whether you use the proprietary platform Cresco Trader or MetaTrader 4.
CrescoFX is not transparent with its spreads and fees, which is disappointing since the broker is regulated by FCA and claims to offer a transparent service.
When looking at the account fees, the initial deposit on all the accounts is quite high when compared to that of other brokers, even those who cater to professional clients more than beginners.
Initial deposits on the four live account types are as follows:
- Standard Account – $ 1 000
- Gold Account – $ 5 000
- Platinum Account – $ 50 000
- VIP Account – $ 20 000
The general commission fees per account are as follows:
- Standard Account – spread along with the commission of $ 6 per lot
- Gold Account – spread along with the commission of $ 4 per lot
- Platinum Account – spread along with the commission of $ 1.5 per lot
- VIP Account – spread along with the commission of $ 2 per lot
CrescoFX caters to traders who trade at high volumes, this can be seen in lower commission charges per lot depending on the account type along with the volume traded. The more is traded, the lower the cost of commission.
Additional Trading Fees
When trading financial instruments such as forex, traders can often expect that overnight, or swap fees will be charged when positions are held for longer than a trading day.
The type of instrument being traded determines the overnight/rollover fee, and it is calculated according to the base rate along with mark-up from the broker.
There is no indication on CrescoFX’s website what the charges are for short or long positions that are held overnight. These swap fees are usually calculated based on the one-month interbank rate minus 2%.
CrescoFX does not offer spread betting and thus spread betting fees do not apply.
With regards to fees charged on deposits fees and withdrawal fees, CrescoFX does not require fees to be paid on either but traders will have to verify with their payment providers in case they have their own fees charged on transactions.
Also, traders may be subjected to currency conversion fees should they transfer fees in a currency that is different from their account base currency.
Pros and Cons
|✔️ PROS||❌ CONS|
|No deposit fees or withdrawal fees charged||Spreads are not the tightest|
|Low commissions charged||No transparent fee schedule|
|No Islamic Account/Swap-free accounts provided for Muslim traders|
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How many instruments can I trade with CrescoFX?
You can trade the following financial instruments:
- Spot metals
Which platforms are supported by CrescoFX?
Cresco Trader and MetaTrader 4.
Does CrescoFX offer leverage?
Yes. Leverage of up to 1:30.
What spreads can I expect with CrescoFX?
You can expect spreads that start from 0.7 pips on EUR/USD.
Does CrescoFX charge commission?
Yes. The following commissions are charged on the different live account types:
- Standard Account commission of $ 6 per lot
- Gold Account commission of $ 4 per lot
- Platinum Account commission of $ 1.5 per lot
- VIP Account commission of $ 2 per lot
Is CrescoFX regulated?
Yes. CrescoFX is regulated by FCA.
Is CrescoFX a recommended forex trading broker for experts and beginners?
No. CrescoFX is more focused on the advanced trader.
What is the overall rating out of 10 for CrescoFX?