FXCM MT4: The True Cost of Trading for Indians

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.