CrescoFX Fees, Spreads and Commission

CrescoFX Fees Spreads and Commission varies according to the account type which the trader is using. CrescoFX spread list starts from below 1 pip.

Choose your quick section of our CrescoFX Fees Spreads and Commission below.

Our CrescoFX Fees Spreads and Commission Revealed:

• ✔️Fees and Spreads
• ✔️Additional Trading Fees
• ✔️Broker Fees
• Pros and Cons

Here is our overview of the CrescoFX Fees Spreads and Commission as well as the features that are offered, which could effect your trading.

Fees and Spreads

CrescoFX’ spreads start from below 1 pip for major currency pairs.

Although there is no transparent fee schedule on the broker’s website it does mention that it offers lower transaction cost through commissions and raw spread for all account types.

The typical raw spread floats around 0.7 for EUR/USD pair. This could be slightly different depending on whether you use the proprietary platform Cresco Trader or the popular MetaTrader 4.

CrescoFX is regulated by FCA in the United Kingdom, and it is strange that it is not transparent with their spreads and fees.

General commission fees on each live account type are:

• Standard Account – commission of $ 6 per lot
• Gold Account – commission of $ 4 per lot
• Platinum Account – commission of $ 1.5 per lot
• VIP Account – commission of $ 2 per lot

It seems like CrescoFX caters for traders who trade at high volumes, since it charges lower commissions per lot depending on the account type along with the volume traded. The more you trade, the lower the cost of commission.

Additional Trading Fees

Usually when trading in financial instruments such as forex, traders can expect that overnight, or swap fees will be charged when positions are held for longer than a trading day.

The fee is determined by the type of instrument being traded in and it is calculated according to the base rate along with mark-up from the broker.

Unfortunately, there is no indication on CrescoFX’s website what the charges are for short or long positions that are held overnight. These overnight or swap fees are usually calculated based on the one-month interbank rate minus 2%.

CrescoFX does not offer spread betting and thus spread betting fees do not apply.

Broker Fees

CrescoFX does not charge deposit fees or withdrawal fees and will cover all bank processing charges. Traders should, however, verify with their payment providers if they charge any additional fees for transactions.

Traders might also be subjected to currency conversion fees should they transfer fees in a currency which is different from their account base currency.

Pros and Cons

You might also like: CrescoFX Review

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You might also like: CrescoFX Sign up Bonus

FAQ

How many instruments can I trade with CrescoFX?

You can trade the following financial instruments, namely forex, indices, spot metals, commodities, cryptocurrencies, and equities.

Which platforms are supported by CrescoFX?

MetaTrader 4 and Cresco Trader.

Does CrescoFX offer leverage?

Yes. Leverage of up to 1: 30.

What spreads can I expect with CrescoFX?

You can expect spreads which start from 0.7 pips on EUR/USD.

Does CrescoFX charge commission?

Yes. The following commissions are charged on the different live account types:

• Standard Account commission of $ 6 per lot
• Gold Account commission of $ 4 per lot
• Platinum Account commission of $ 1.5 per lot
• VIP Account commission of $ 2 per lot

Is CrescoFX regulated?

Yes. CrescoFX is regulated by the Financial Conduct Authority of the United Kingdom.

Is CrescoFX a recommended forex trading broker for experts and beginners?

No. CrescoFX caters more for the advanced trader.

What is the overall rating out of 10 for CrescoFX?

5/10.