Forex Exchange Fee Calculator
Fee Calculation Results
Broker: Interactive Brokers
| Spread Cost: | $0.00 |
| Commission: | $0.00 |
| Swap Fee: | $0.00 |
| Total Fees: | $0.00 |
About Forex Trading Fees
Spread: The difference between the buy (ask) and sell (bid) price, measured in pips. This is the most common cost in forex trading.
Commission: A fee charged by some brokers for executing trades, typically per lot traded.
Swap Fee (Rollover): Interest charged or paid for holding positions overnight, based on interest rate differentials between the two currencies.
Lot Sizes: Standard (100,000 units), Mini (10,000 units), Micro (1,000 units), Nano (100 units).
Stop Overpaying on Forex Fees: The Trader’s Secret to Smarter Trades
Why Every Smart Trader Needs This Fee Calculator
Let me ask you something: Do you know how much your last trade really cost you? Most traders don’t. That’s where this tool becomes your secret weapon. Unlike basic calculators, ours shows you:
- The real spread cost (not just the pip value)
- How commissions add up on different lot sizes
- What overnight positions actually cost (including those sneaky Wednesday triple swaps)
Last week, one user discovered they were paying 23% more with their current broker. That’s $230 lost on every $1,000 traded. Wouldn’t you want to know that?
How to Use It Like a Pro (With Real Examples)
Step 1: Set Up Your Trade
Imagine you’re trading GBP/USD:
- Currency Pair: Select “GBP/USD” (the spread varies wildly between pairs)
- Trade Size: Enter 0.5 (that’s 50,000 units – a common position)
- Account Currency: Choose USD (or your local currency)
Pro Tip: The tool automatically adjusts pip values for each currency pair. No more manual calculations!
Step 2: Pick Your Brokers
Here’s where it gets interesting. Let’s compare:
- Broker A: Forex.com (spread-only account)
- Broker B: Interactive Brokers (commission-based)
Real-world finding: For 0.5 lots GBP/USD:
- Forex.com charges $8.50 in spread
- IBKR charges $1.50 spread + $1 commission = $2.50 total
That’s 70% cheaper! Most traders never realize this without comparing.
Step 3: Advanced Tricks Most Miss
Click “Show Advanced Options” to:
- Set position direction (long/short swaps differ)
- Input holding days (essential for swing traders)
Example: Holding EUR/USD long for 3 days? You’ll pay:
- 1 day normal swap
- 1 day triple swap (Wednesdays)
- 1 day normal swap
Our tool does this math automatically – no more surprise fees.
5 Painful Fee Mistakes This Calculator Fixes
- The “Free Trading” Myth: Many brokers advertise “commission-free” but widen spreads. We expose the true cost.
- Swap Surprises: That overnight position might cost 3x more than you thought.
- Currency Conversion Fees: Hidden when trading cross pairs like EUR/GBP in a USD account.
- Lot Size Traps: A “small” 0.1 lot trade can have proportionally higher fees.
- Broker Bait-and-Switch: Some brokers offer tight spreads only during demo accounts.
FAQs From Real Traders
Try It Yourself – What Will You Discover?
Here’s my challenge to you:
- Enter your last trade details
- Compare your current broker with 1 alternative
- See your potential savings
Fun fact: The average user finds 15-40% fee reductions. What will yours be?
→ Enter your trade details above now
P.S. For more money-saving tools, check out Trading In Depth. Because in trading, every dollar saved is a dollar earned.