Your price advantage
We let our numbers do the talking
That means if you are a short-term trader you can trade as you much want, and you won’t ever have to worry about paying any rollover interest as long as you have no open trades at 11pm European time. This marks the end of one 24-hour trading day and the start of the next in the global forex market.
Other brokers may calculate financing charges continuously and second by second, which would raise your trading costs when you trade intraday.
The benefits to you:
- You receive some of the most competitive rollover/financing rates in the industry
- You don’t pay rollover at all on intraday trades
- You’ll always know how much you’ll earn/pay; our rollover rates are posted every day and available within the trading platform
To find the financing rate for a particular market, just log into our web trading platform and select ‘Market 360’ to bring up the relevant pricing information.
However, in fast-moving markets, orders may be executed at a price which has ceased to be the best market price. This is known as slippage.
With direct market access, there’s no FOREX.com spread. Instead, we charge you a standard commission and you’ll earn discounted commissions based on your trading volume (up to 67%). The more you trade, the deeper the discount the following month.
DMA commission reduction example
If you trade $350M volume in Month 1, your commission for trades in Month 2 will be $35 per million traded.
If you trade $550M volume in Month 2, your commission for trades in Month 3 will still be $35 per million traded, since it is based on your 3-month rolling average of volume traded.
If you trade $600M volume in Month 3, your commission for trades in Month 4 will be $30 per million traded (based on 3-month rolling average of volume traded).
What is a spread?
When a price for a market is quoted, you will actually see two prices. The first price, sometimes referred to as the bid, is the sell price and the second price is the buy price, often referred to as the offer. The difference between the sell and buy price is called the spread.
What is the difference between fixed and variable spreads?
FOREX.com offers both fixed and variable spreads, depending on the market you wish to trade.
Fixed spreads don’t change regardless of volatility or liquidity. Depending on the market, fixed spreads may either be offered for a defined period of the day, or throughout trading hours. It is possible for a market with fixed spreads to have a spread that differs throughout the day, but the spread will be fixed for clearly defined periods. For example 1pt between 8am – 4.30pm, 2pts between 4.30pm - 10pm.
Variable spreads may fluctuate throughout the day, in response to market conditions.