The spread is only one component

The spread is the difference between the available buy and sell quotes. A raw-spread account can charge a separate commission, while another account may include more of its dealing cost in the spread. Compare both on the same instrument and trade size.

Sources: [1]

Holding time changes the comparison

Overnight financing can become material when a position remains open. Check the current long and short rates, the rollover time and the treatment of weekends or holidays. A swap-free label can come with eligibility rules or alternative charges.

Sources: [2]

Compare in your account currency

Check whether commission is quoted per side or for a complete opening and closing trade. Convert each fee to your account currency and add any funding, conversion or withdrawal charge. Use a written cost example from the provider if the calculation is unclear.

Sources: [1]

Sources

  1. ASIC Moneysmart: contracts for difference ↗
  2. IG: forex CFD fees ↗

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