FXCM MT4: The True Cost of Trading for Indians
MetaTrader 4 on FXCM: cost to trade one lot, spreads from 0.8 pips, no commission. Regulatory status for India explained. How to choose a safer broker.
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Let's price out one standard lot (100,000 units) of EUR/USD on FXCM's MetaTrader 4. No commissions are charged. The average spread on this pair is around 0.8 pips (based on FXCM's typical range). That means the cost to open and close one lot is roughly $16 (2 × 0.8 pips × $10 per pip). This is the entry fee. But there are other layers: overnight swap rates, currency conversion if your base currency is not USD, and the regulatory reality for Indian residents. Below I break down every cost, risk, and practical consideration so you can decide if this platform fits your needs.
MetaTrader 4 on FXCM: What It Costs to Trade One Lot
The table below summarises the direct costs for a round-turn trade (open + close) on a standard lot of EUR/USD, assuming you hold the position for less than one day.
| Cost Item | Amount (per standard lot) |
|---|---|
| Spread (average 0.8 pips) | $16 |
| Commission | $0 |
| Total day trade cost | $16 |
| Overnight swap (if held |
