Tier1FX Commissions and Fees Overview



We, at Traders Union, conducted a thorough analysis of Tier1FX's fees, resulting in a score We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria of 9 /10. This corresponds to a Low level. Here are some of the most relevant indicators of Tier1FX’s fee structure:
Tier1FX fees overview:
Standard account EUR/USD spread, min pips | 0,2 |
Standard account EUR/USD spread, max pips | 0,6 |
Avg. ECN spread EUR/USD | 0,1 |
ECN commission ($, per lot) | 2,5 |
Withdrawal fee, % | 0 |
Inactivity fee ($, per month) | 10 |
Tier1FX Forex spreads and commissions
To assess the cost-effectiveness of Tier1FX, we analyzed its spreads across the most popular account types. These were compared with the top two competitors that have high overall ratings and accept clients in your region.
Tier1FX Standard account spread
Standard accounts at Tier1FX offer floating spreads with a broker markup. They typically have higher spreads than ECN or RAW accounts but do not charge additional commissions per lot, ensuring a straightforward cost structure.
Tier1FX | Plus500 | Pepperstone | |
---|---|---|---|
Floating spread EUR/USD, min pips The cost of 1 pip in USD for EUR/USD is $10. | 0,2 | 0,5 | 0,5 |
Floating spread EUR/USD, max pips | 0,6 | 0,9 | 1,5 |
Floating spread GBP/USD, min pips | 0,4 | 0,5 | 0,4 |
Floating spread GBP/USD, max pips | 0,6 | 0,9 | 1,5 |
Tier1FX ECN/Raw account spread and commission
ECN/RAW accounts at Tier1FX feature market-determined spreads without a markup. Despite a commission per lot, they are often more cost-effective for high-volume trading.
Tier1FX | Plus500 | Pepperstone |
Industry average Based on the evaluation of over 200 forex brokers |
|
---|---|---|---|---|
ECN Commission per lot, $ |
2,5 | 3 | 3,5 | |
ECN Spread EUR/USD | 0,1 | 0,1 | 0,17 pips | |
ECN Spread GBP/USD | 0,2 | 0,15 | 0,21 pips |
What is Tier1FX’s average EUR/USD spread?
The average spread on Tier1FX varies depending on the type of account you choose and the current level of market volatility. For example, the typical spread for EUR/USD is around 0,1 pips on an ECN or RAW account, which usually comes with a commission, while on a standard commission-free account, the spread tends to be higher—about 0,4 pips.
Tier1FX non-trading fees
We conducted an analysis of Tier1FX’s non-trading fees to provide a detailed overview of the additional costs that may affect traders outside their regular trading activities.
Tier1FX Non-Trading Fees
Tier1FX | Plus500 | Pepperstone | |
---|---|---|---|
Deposit fee, % The indicated amount excludes potential fees charged by payment systems and banks. |
No
|
No
|
No
|
Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. |
No
|
No
|
No
|
Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. |
No
|
No
|
No
|
Inactivity fee ($, per month) | 10 | 10 |
No
|
What is the cost of executing one Forex lot with Tier1FX?
The cost of executing 1 standard lot (100,000 units) with Tier1FX depends on the account type and market volatility, which can vary significantly throughout the day. On ECN/RAW accounts, traders pay the market spread plus a fixed commission, while on Standard accounts, spreads may fluctuate more, but no commission is charged. We calculated the approximate execution cost for 1 lot during peak market hours.
Spread cost in USD | Commission ($ per lot) | Total cost in USD | |
---|---|---|---|
ECN/Raw account | 1 | 2.5 | 3.5 |
Standard account | 4 | 0 | 4 |
Understanding Forex trading costs
When evaluating a Forex broker, it is essential to consider several factors that can directly impact the overall cost of executing trades, beyond just the average spread. Here are some key considerations:
Liquidity and daily turnover
Higher liquidity and larger daily turnover generally lead to tighter spreads and reduced slippage.
Top 3 Forex brokers by trading turnover
Broker | Daily turnover ($, billion) |
---|---|
IC Markets | 29 |
Saxo Bank | 20,01 |
StoneX | 18,6 |
Order Execution Speed
Faster order execution can reduce slippage, helping to ensure that trades are completed at the expected prices. Execution speed is typically highest on ECN accounts.
Tier1FX supports ECN trading execution, which typically offers the fastest speeds, tighter spreads, and direct access to liquidity providers
Free VPS
A free VPS provides a stable, high-speed connection, which can reduce latency and slippage, especially for automated trading systems and high-frequency trading. This helps ensure consistent performance and potentially lower execution costs.
Tier1FX provides traders with free VPS hosting to ensure stable and low-latency execution.
Tier1FX extra services for active traders vs competitors
The table below compares the extra services offered by Tier1FX for active traders with those of its competitors. These features can enhance trading efficiency and strategy implementation. The comparison showcases how Tier1FX stands out in meeting the needs of active traders through its advanced tools, such as API and TradingView integration, and convenient options like one-click trading and support for scalping.
Tier1FX services for active traders
Tier1FX | Plus500 | Pepperstone | |
---|---|---|---|
API |
Yes
|
No
|
Yes
|
Signals (alerts) |
Yes
|
Yes
|
Yes
|
TradingView integration |
Yes
|
Yes
|
Yes
|
Trading bots (EAs) |
Yes
|
Yes
|
Yes
|
Scalping |
Yes
|
Yes
|
Yes
|
One click trading |
Yes
|
Yes
|
Yes
|
Minimizing trading costs: Expert tips
Choosing the right Forex broker is crucial for minimizing costs and boosting profitability. Below are expert insights from our recent fee analysis to help you make informed choices and maximize your trading returns.
When trading with Tier1FX, exploring copy trading options could potentially help optimize your fee structure in several ways.
First, by following experienced traders, you might reduce the number of trades you personally execute, potentially lowering your overall transaction costs with Tier1FX. Successful copy traders often have more efficient strategies, which could mean fewer trades and lower cumulative spreads or commissions.
Additionally, if you’re new to Forex, copy trading through Tier1FX or its partners could help you avoid costly mistakes that often plague beginners, indirectly saving on fees lost to poor trades. Some copy trading systems also offer the ability to automatically adjust position sizes, which could help you manage risk and potentially reduce losses due to overtrading.
Of course, copy services sometimes have their own performance fees or subscriptions. However, consider how following experienced traders could improve your results and require less hands-on trading. In that case, it may offset any extra copy costs compared to what you're currently paying Tier1FX directly.
Start small to test whether copy trading truly optimizes your specific situation before fully committing.
Tier1FX and competitors' added value trading services
Tier1FX | Plus500 | Pepperstone | |
---|---|---|---|
Copy trading |
Yes
|
No
|
Yes
|
Strategy (EA) builder |
No
|
No
|
Yes
|
Signals (alerts) |
Yes
|
Yes
|
Yes
|