FXTrading.com Fees and Spreads
FXTrading.com Fees and Spreads
Regarding FXTrading.com Fees Spreads and commissions start from $3.5 per lot with raw variable spreads from 0.0 pips.
FXTrading.com has a low and incredibly competitive spread when compared to what other brokers offer by offering a typical spread list which starts from 0.0 pips along with commissions charged from $3.5 per lot using the Pro Account.
FXTrading.com trading fees are according to the type of account that the trader chooses and the options along with the spread list, leverage, minimum deposit required, and commissions are as follows:
• Standard Account – minimum deposit of $200, leverage between 1:100 and up to 1:400, variable spreads from 1 pip and no commissions charged on trades.
• Pro Account – minimum deposit of $1,000, leverage between 1:100 and up to 1:400, raw variable spreads form 0.0 pips and $3.5 or currency equivalent commissions charged per lot.
The minimum deposit that FXTrading.com requires to open an account is $200 which is average when compared to other brokers with similar trading conditions.
Traders should note that certain financial instruments can only be traded during a certain time of the day, especially when considering different time zones, and additional fees may be charged should they hold these positions after they have closed.
Traders should always note that Overnight fees, otherwise known as swap fees or rollover fees, may be charged for positions held open for longer than a day.
There is no indication of whether FXTrading.com offers the option of an Islamic account to traders who are of Muslim faith and who operate under the Sharia Law.
FXTrading.com does not offer traders with spread betting and therefore spread betting fees are not applicable to this broker.
FXTrading.com charges deposit fees as well as withdrawal fees when traders make use of Bank Wire Transfer through which to either fund the account or withdraw funds from it. This fee is a total of AU$15 when depositing and withdrawing funds.
There is no indication of whether FXTrading.com waives any additional broker fees such as inactivity fees or fees pertaining to account maintenance and management. Traders will have to verify any additional fees with FXTrading.com before opening an account.
Pros and Cons
|1. Tight and competitive spreads||1. Deposit fees charged on Bank Wire Transfer|
|2. Fixed commissions on trades||2. Withdrawal fees charged on Bank Wire Transfer|
|3. Low commissions when compared to other brokers|
How many instruments can I trade with FXTrading.com?
You can trade a variety of financial instruments with FXGT, including:
- Gold and Silver
- Other Metals
Which platforms are supported by FXTrading.com?
FXTrading provides the following popular trading platforms:
- MetaTrader 4
Does FXTrading.com offer leverage?
Traders have access to leverage starting from 1:100 up to 1:400 depending on the financial instrument being traded.
What spreads can I expect with FXTrading.com?
Spreads from as little as 0.0 pips.
Does FXTrading.com charge commission?
Commissions are charged at $3.5 or currency equivalent per lot when using the Pro Account.
Is FXTrading.com regulated?
Yes, FXTrading.com is regulated by the highly reputed ASIC in Australia.
Is FXTrading.com a recommended forex trading broker for experts and beginners?
Yes, FXTrading.com is suitable for both beginner and expert traders.
What is the overall rating out of 10 for FXGT?