Secure abundant liquidity and offer competitive conditions Spreads and Commissions
FXON has minimized trading costs to the greatest extent possible. We offer a Standard account with no commission fees and an Elite account with a low cost of $3.00 per lot.
Spreads and Commissions
At FXON, we partner with dozens of global liquidity providers, including prime brokers, MTFs and Aggregators to offer competitive spreads to our customers. We continuously monitor and enhance our systems to provide the best pricing. In addition, we utilize FXON’s proprietary dark pool with an advanced price matching system, striving to offer the tightest spreads in the forex markets for both “A book trading “ and “B book trading”.
Standard accounts have no commission fees, and Elite accounts charge only $3.00 per lot (per 100,000 currency units). Our customers can enjoy extremely low commissions and competitive spreads in their FX trading.
The spreads represent the difference between Bid and Ask
The term “spreads” means “expansion”, and refers to the difference between the bid and ask prices in the quoted rates of trading currency pairs. In the case of contract for difference (CFD) trading, the spread is incurred as a commission for each transaction. Therefore, a narrow spread is a crucial factor when selecting a foreign exchange (forex) broker. Since the spread is charged as a commission for every trade, a smaller (narrower) spread makes it easier to generate profits.
Bid
It refers to the price at which we can sell the currency.
Ask
It refers to the price at which we can buy the currency.
In the illustration above, the spread is 0.5 (pips) as the bid is 156.543 and the ask is 156.548.
Commissions for FXON’s account types
The Standard account and Elite account on FXON have different trading commissions and spreads. These accounts are designed to suit various trading styles, allowing customers to select the account type that best fits their needs.
The Standard account is a type of account that can be utilized without commissions. A certain fee is marked up as spreads, reflecting the price differences and trading costs from liquidity providers, including prime brokers, MTFs and aggregators. In contrast, the Elite account is a type of account that allows users to access raw spreads from liquidity providers without any markup. Instead, a commission of $3 per trade (per side) is charged as the trading cost.
■ Commissions
| Account type | FX pairs | CFDs | ||||
| All | Cryptos | Indices | Stocks | Metals | Energies | |
 |
Free (included in the spreads) |
|||||
 |
$ 3.0 (per side) |
$ 3.0 (per side) |
||||
| Account type | FX pairs | CFDs | ||||
| All | Cryptos | Indices | Stocks | Metals | Energies | |
|
Free (included in the spreads) |
|||||
|
$ 3.0 (per side) |
$ 3.0 (per side) |
||||
■ Spreads
FXON offers spreads as low as 0.0pips (zero pip) on the world’s most traded major currency pairs, including AUD/USD, EUR/USD, GBP/USD, NZD/USD, USD/CAD, USD/CHF, and USD/JPY.
(Free transaction fees)
Free
transaction fees
$3.00 / 1Lot
$3.00 /
1Lot
USD/JPY
EUR/USD
EUR/JPY
GBP/JPY
NZD/JPY
AUD/JPY
The account types are divided based on the differences in liquidity providers and commissions. In general, the Standard account is considered suitable for traders engaged in medium- to long-term swing trading or swap trading, as the spreads are stable and it is unnecessary to calculate the commissions. The Elite account is considered suitable for traders engaged in day trading or scalping. While the spreads are narrow, the price can be more susceptible to liquidity conditions and sudden volatility.
Real-Time Currency Pairs Rates
FXON provides real-time FX prices for all account types. While symbols are consistent across accounts, prices may vary. Symbols and prices are identical on MT4/MT5.
Real-Time CFD Rates
FXON provides real-time CFD prices for all account types. While symbols are consistent across accounts, prices may vary. Symbols and prices are identical on MT4/MT5.
