True Trading Cost Calculator
Default example only. Interactive calculations are not ready. The table below shows EUR/USD, 0.5 lot per trade, 40 trades per month and 0 holding nights. Controls remain unavailable until the calculator loads. If this message stays visible, reload the page and check that JavaScript is enabled. Shared links and saved comparisons have not been applied.
FOREXREVIEW RESEARCH LAB
True Trading Cost Calculator
Compare the cost structure behind a forex or gold trade—not just the headline spread. The calculator separates spread, commission and overnight financing, and it only ranks pricing records that are sufficiently comparable.
14 ForexReview brokersEUR/USD + GBP/USD + USD/JPY + XAU/USDOfficial-source pricingVerified 25 Sep 2026
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Choose an instrument, account family and activity level. Results recalculate using a standardized 1-lot basis; minimum-only pricing is never treated as an average.
Used only to convert USD/JPY pip values into USD. You can replace it with the current market price shown on your trading platform.
“Minimum basis” uses a broker’s published “from” or minimum pricing and is deliberately excluded from the lowest-cost comparison. “Pending” means ForexReview has not found a sufficiently normalized public value yet.
Monthly volume20 lots
Lowest comparable estimateInstaForex $120.00
Current profile only · not a broker recommendation.
Comparable records5 of 14
Shareable comparison0 selected
COMPARABLEMINIMUM BASISPENDING NORMALIZATION
| Select | Broker | Pricing basis | Spread cost | Commission | Overnight | Monthly estimate | Status | Details |
|---|---|---|---|---|---|---|---|---|
 InstaForexInsta.Standard | 0.6 pip publishednormalized to standard-lot basis | $120.00 | $0.00 | $0.00 | $120.00 | COMPARABLE | ||
 TickmillRaw | 0.1 pip typical$3/lot/side commission | $20.00 | $120.00 | $0.00 | $140.00 | COMPARABLE | ||
 ExnessStandard | 0.8 pip averageprevious trading-day average; published swap reference may not apply when swap-free eligibility is active | $160.00 | $0.00 | $0.00 | $160.00 | COMPARABLE | ||
 IC MarketsRaw Spread MT4/5 | 0.1 pip averageofficial Raw average; $3.50/lot/side ($7 round turn) | $20.00 | $140.00 | $0.00 | $160.00 | COMPARABLE | ||
 RoboForexPro | 1.3 pip averagecommission-free Pro reference | $260.00 | $0.00 | $0.00 | $260.00 | COMPARABLE | ||
 HFMZero | from 0.0 pipinstrument minimum; $6 round turn; instrument page shows 45 swap-free days allowance | $0.00 | $120.00 | $0.00 | $120.00 | MINIMUM BASIS | ||
 ELEV8Elev8Trader / MT5 | from 0.6 pipplatform-level floor | $120.00 | $0.00 | $0.00 | $120.00 | MINIMUM BASIS | ||
 easyMarketsWeb/App | fixed spread from 0.6fixed-spread floor | $120.00 | $0.00 | $0.00 | $120.00 | MINIMUM BASIS | ||
 FBSForex pricing | forex spread from 0.7 pipofficial forex-wide floor, not instrument-specific; no trading commission; swap-free option available | $140.00 | $0.00 | $0.00 | $140.00 | MINIMUM BASIS | ||
 TMGMEDGE | from 0.0 pip$3.5/lot/side | $0.00 | $140.00 | $0.00 | $140.00 | MINIMUM BASIS | ||
 XMPublic pricing (region-dependent) | spreads from 0.8official public floor; zero-commission claim on XM global page; swap terms can vary by entity/account | $160.00 | $0.00 | $0.00 | $160.00 | MINIMUM BASIS | ||
 FirewoodFXPro | from 1.0 pipfloating minimum | $200.00 | $0.00 | $0.00 | $200.00 | MINIMUM BASIS | ||
 HeadwayPro | from 0.0 pipcommission up to $1.5/side; Pro minimum lot 0.1; swap-free terms apply | $0.00 | up to $60.00 | $0.00 | partial | MINIMUM BASIS | ||
 AvaTradeRetail CFD | platform quote requiredinstrument spread displayed in platform | — | — | not normalized | partial | PENDING |
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View all →Why “from 0.0” is not rankedA minimum spread is a floor, not an average. Ranking a 0.0 minimum against another broker’s typical or average spread would make the comparison misleading.
Gold and JPY need different mathXAU/USD uses the broker’s stated contract size. USD/JPY uses 1,000 ÷ the reference USD/JPY price to estimate USD pip value per standard lot.
Overnight data is stricterIf a current swap value is not sufficiently public or varies by entity/eligibility, the calculator marks the estimate partial instead of assuming zero.
Data sources & normalization notes
View official broker sources and how pricing is normalized.Show sourcesHide sources
Pricing changes frequently. Each linked source is the broker’s own pricing, instrument, account or fee page used for this version. Current platform specifications remain the final reference.
Exness — Forex pricing
Exness — GBP/USD
Exness — USD/JPY
Exness — XAU/USD
HFM — EUR/USD specification
HFM — GBP/USD specification
HFM — USD/JPY specification
HFM — XAU/USD specification
Tickmill — EUR/USD
Tickmill — GBP/USD
Tickmill — USD/JPY
Tickmill — XAU/USD
IC — Forex spread table
IC — Raw account commission
RoboForex — contract specifications
InstaForex — trading terms
easyMarkets — spreads
FirewoodFX — specifications
FBS — trading conditions
Headway — Pro account
TMGM — account pricing
Elev8 — spreads & conditions
XM — trading conditions
XM — metals
AvaTrade — fees & charges
Methodology note: this is a research and education tool, not investment advice and not a promise of executable pricing. Spreads can widen; swap rates can change daily; commissions and contract specifications can vary by entity, account, country and platform. Overnight estimates use the published daily swap reference multiplied by holding nights and do not model triple-swap calendar days or account-specific swap-free eligibility. “Comparable” refers only to the pricing basis used in this calculator, not to the quality, safety or suitability of a broker.