FOREX TRADING COSTS
tastyfx offers low spreads starting at 0.8 pips for EUR/USD and fast execution on over 80+ currency pairs.
FOREX SPREADS AND MARGINS
Below are examples of minimum spreads, or see our costs and charges for information on how spreads and margins can affect your positions.
Major Forex Pairs
EUR/USD
$10
0.8
2%
USD/JPY
Y1000
0.8
5%
GBP/USD
$10
1
5%
AUD/USD
$10
1
3%
USD/CAD
C$10
1.5
2%
Minor Forex Pairs
GBP/JPY
Y1000
2.5
5%
CHF/JPY
Y1000
2
5%
CAD/JPY
Y1000
3
5%
GBP/CAD
C$10
4
5%
GBP/CHF
CHF10
3.2
5%
How does margin work in forex trading?
Margin trading gives you full exposure to a market using only a fraction of the value of the position. It is the amount of money you need to open a position, defined by the margin rate. When trading on margin, it's important to know that your risk is also based on your full exposure to the market. You're subject to gain or lose much more than deposited with margin trading.
Funding and interest
We apply funding and interest charges to forex trades, as explained below. Our costs and charges document provides examples of how these forex trading costs can affect your positions.
If you keep a position open overnight (after 5 p.m. EST), you will be charged the overnight funding fee.
Forex trading costs and charges
- Overnight funding fees
When you trade forex with us, you trade on margin. This means you provide a deposit to open a position, and we, in effect, lend you the rest of the money required. There is no funding fee if you close your position on the same day. If you keep it overnight, we charge a small fee to cover the cost of the money you've effectively borrowed. The fee is calculated as the tom-next rate plus a small admin fee.
Currency conversion charges
Forex trading in a currency other than your account's base currency may incur a currency conversion charge. Our default setting is instant conversion, where foreign-currency profit is converted to your base currency and funding or commission charges are taken into account before your account is credited. We also offer daily, weekly and monthly conversion settings. Our standard charge is 0.5%.
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Open an account now
Fast execution on a huge range of currency pairs
Trade on the go with an award-winning trading app*
Feel secure with a trusted provider*
Open an account now
Fast execution on a huge range of currency pairs
Trade on the go with an award-winning trading app*
Feel secure with a trusted provider*
FREQUENTLY ASKED QUESTIONS
All forex pairs are available to trade 24 hours a day, five days a week. Markets open at 4 pm on Sunday and close at 5 pm on Friday (EST).
Spreads
Our forex spreads vary depending on underlying market liquidity. The more liquid the market, the narrower our spread—as low as 0.8 pips.
Forex overnight charges
The overnight funding fee is calculated using the tom-next rate. These rates change daily depending on factors such as interest rates and day of week, varying the funding fee each day.
Tom-next is the rate used to calculate the funding adjustment when a forex position is held overnight. It is an industry-standard rate, derived from the interest rate differentials of the pair’s currencies and market expectations of interest rate change.
The spread is the difference between our sell and buy prices. We derive these prices based on the underlying market's value.
* #1 Overall Broker, #1 Mobile App, #1 Trust Score, #1 Education, #1 Web Platform are accolades presented to IG, parent company of tastyfx, on January 23, 2024, during the ForexBrokers.com 2024 Annual Awards. Accolades were awarded by the ForexBrokers.com research team based on demonstrated excellence in categories considered important to investors, traders, and consumers. Click here to learn about how they rate brokers.