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Customer Notice

Trading derivatives is high risk. Losses can exceed your initial investment. You should only trade with money you can afford to lose. Any Information or advice contained on this website is general in nature and has been prepared without taking into account your objectives, financial situation or needs. Past performance of any product described on this website is not a reliable indication of future performance. You should consider whether you’re part of our target market by reviewing our Target Market Determination, and read our PDS and other legal documents to ensure you fully understand the risks before you make any trading decisions.

The information on this website is not intended to be an inducement, offer or solicitation to any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

© Copyright 2018-2026 Afterprime Pty Ltd - FSA Seychelles #SD057 | Global Gateway 8, Rue de la Perle, Providence, Mahé, Seychelles.

Afterprime vs FXOpen Comparison

Independent data, verified spreads, and total cost analysis across 50-1,000 lot monthly volumes.
Compare Your Cost
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Total Trading Cost Breakdown

Broker
Pairs
Cost Per Lot
(Including Commission)
% Savings
(vs Afterprime)
Afterprime
All
$5.74
0%
FXOpen (TickTrader)
All
$11.71
51%

Source: ForexBenchmark - Previous 7 Days Range | All Pairs | Incl. Commissions + Spreads. (Last Updated: 4 June 2026)

FXOpen (TickTrader) costs reflect spread including commission on standard lot. Afterprime costs include zero commission with Flow Rewards™ applied at standard eligible rates. Comparisons are on a like-for-like account basis.

Trading Cost by Forex Major

FX Pair
FXOPEN
Net Cost/lot
Afterprime
Net Cost/lot + Flow RewardsTM
Cost Savings
(vs Afterprime)
EURUSD
Hide By Volume
$5.93
$3.24
$2.69

Cost by Volume - EURUSD

VolumeFXOpen UK (ECN)AfterprimeSaved
50 lots$296.50$162.00$134.50
100 lots$593.00$324.00$269.00
250 lots$1482.50$810.00$672.50
500 lots$2965.00$1620.00$1345.00
1000 lots$5930.00$3240.00$2690.00
GBPUSD
Show By Volume
$5.98
$5.88
$0.10
USDJPY
Show By Volume
$6.08
$4.96
$1.12
USDCHF
Show By Volume
$7.49
$2.33
$5.16
USDCAD
Show By Volume
$7.23
$3.29
$3.94
AUDUSD
Show By Volume
$5.22
$2.16
$3.06
NZDUSD
Show By Volume
$7.45
$3.02
$4.43

Source: ForexBenchmark - Previous 7 Days Range | All Pairs | Incl. Commissions + Spreads. (Last Updated: )

Afterprime net cost figures include Flow Rewards™ at $0.40/lot (round turn), applicable to eligible client accounts on qualifying instruments. Flow Rewards™ rates may vary. See Flow Rewards for full eligibility criteria.
Cost comparisons are based on third-party data and are for informational purposes only. Trading involves significant risk of loss. Individual trading costs will vary based on account type, instrument, and market conditions.

Spreads - The Invisible Variable

The spread is the primary cost of entry for any trader, but it is rarely static. Most brokers quote "typical" spreads that fluctuate wildly during high volatility or low liquidity periods (like the New York/London crossover or market open).

  • The "Raw" Reality
    Many brokers claim "$0.0 spreads," but the frequency of those spreads actually being available to fill your order is the true metric of quality.
  • The Afterprime Edge
    We focus on spread stability. By curating our flow, we reduce the "noise" and "gapping" that often occurs with retail-heavy brokers, ensuring that the price you see is the price you get, under normal market conditions.

Cost Per Lot Impact - More Than Just Commission

Traders often make the mistake of looking at commission in isolation. A low commission is meaningless if it’s paired with wide spreads or poor execution (slippage).

The Total Cost Per Lot formula is: (Spread in Pips x Pip Value) + Round Turn Commission = Total Cost

  • The Slippage Factor
    If a broker has "cheap" costs but slips your entry by 0.2 pips, that is an extra $2.00 per lot added to your cost that doesn't show up on their pricing page. This is an industry-wide dynamic and does not constitute a specific claim regarding FXOpen's execution quality.
  • Cumulative Friction
    For a high-frequency trader or someone moving 1,000 lots a month, a mere $2.00 difference in total cost per lot is the difference between a $2,000 profit and a $2,000 loss.

How it Affects Total Cost Calculation

When we calculate the comparison between Afterprime and other brokers, we don't just look at a snapshot. We aggregate data across different market sessions to provide a "Net Cost" profile.

  • Volume Weighting
    We analyze how costs scale. As your volume increases, the impact of "Flow RewardsTM becomes the deciding factor. While other brokers keep your commission static regardless of your contribution to the ecosystem, we believe in rewarding "clean" flow.
  • The Logic of "Flow RewardsTM"
    Unlike traditional "cashback" models which are often just rebates of marked-up spreads, Flow RewardsTM are a direct reflection of the value your trading flow brings to our liquidity providers.
  • Insight
    By reducing the "toxic" flow (latency arbitrage, etc.) through our invite-only model, our Liquidity Providers (LPs) can offer us tighter pricing. We simply pass those savings directly back to you.

FXOpen Overview

FXOpen is a forex and CFD broker founded in 2005, initially operating as a training institution before launching brokerage services. The broker is credited as one of the first to offer ECN trading via the MetaTrader 4 platform and was an early adopter of cryptocurrency trading, introducing Bitcoin trading in 2014. FXOpen serves clients across approximately 100 countries with a reported client base of over one million. The broker’s primary value proposition centres on direct market access, transparent ECN pricing, and a multi-platform environment. As of 2024, FXOpen holds FCA authorisation in the UK and CySEC authorisation in Cyprus; its ASIC licence was cancelled in 2024.

FXOpen Regulation & Entity Structure

FXOpen Ltd is authorised and regulated by the Financial Conduct Authority (FCA) in the United Kingdom under FCA number 579202, and registered in England and Wales under company number 07273392. FXOpen EU Ltd is authorised by the Cyprus Securities and Exchange Commission (CySEC). Following the cancellation of its ASIC licence in Australia in 2024, FXOpen no longer accepts clients from that jurisdiction. FXOpen Markets Limited, registered in Nevis, operates as a separate offshore entity and is a member of The Financial Commission.

FXOpen Trading Platforms

FXOpen supports MetaTrader 4, MetaTrader 5, TradingView (introduced 2022), and its proprietary TickTrader platform (upgraded 2024). TickTrader provides access to Level 2 pricing, over 1,200 trading instruments, one-click trading, and advanced order types. MT4 is available for ECN accounts. TradingView supports manual trading across most asset classes but does not support crypto trading or automated strategy execution at FXOpen. A FIX API is also available for institutional connectivity.

FXOpen Account Types

Following a simplification of its account range in 2024, FXOpen’s primary offering is the ECN account, available on MT4, MT5, TradingView, and TickTrader. The ECN account offers spreads from 0.0 pips with commissions starting from $1.50 per lot. A PAMM account is available for fund managers and investors. The minimum deposit for ECN accounts is $100. Leverage is available up to 1:500 on offshore entity accounts, with leverage capped at 1:30 under FCA and CySEC regulation for retail clients. Swap-free (Islamic) account options are available on request. A free VPS with 2GB RAM and 40GB SSD is offered to qualifying account holders.

FAQ.

Why is Afterprime invite-only?+

We curate membership to maintain clean order flow. Better flow quality means better liquidity access and more consistent execution for all members.

What volume do I need for Flow Rewards?+

Flow RewardsTM start with your first trade.

How do I verify your execution data?+

Visit ForexBenchmark.com for independent, real-time spread and execution monitoring. We’re listed alongside all major brokers.

Can I switch from IC Markets easily?+

Yes. Most traders transfer accounts in 2-3 business days. We provide a migration checklist and our team assists with the process.

What if my trading style doesn't fit?+

Afterprime is built for system-based traders who track performance and care about total cost. If you trade sporadically or prefer market execution without analysis, we’re probably not the best fit.

Does Afterprime charge commission like FXOpen?+

Afterprime’s commission is zero — structural, not promotional. FXOpen’s ECN model charges commission on top of the raw spread. The Forexbenchmark figure already captures the full cost (spread + commission + swap), so the Afterprime figure of $5.12/lot on USDJPY for instance, is the complete cost — no hidden layer.

Does FXOpen's multi-platform offering give it an edge?+

FXOpen offers MT4, MT5, and its proprietary TickTrader platform. Afterprime offers MT4, MT5, WebTrader, FIX API, and TraderEvolution. If you’re evaluating execution venues, the relevant question isn’t how many platforms a broker lists — it’s which platform you actually use and whether it connects to your preferred execution infrastructure.

FXOpen has ECN accounts - is that better than Afterprime's model?+

ECN and zero-commission are different execution models. ECN charges commission per lot; zero-commission bundles the cost into the spread. The meaningful comparison is the all-in cost per lot — and forexbenchmark.com’s 7-day average data consistently shows Afterprime at the lower end across majors like EURUSD, GBPUSD, and USDJPY.

Run the math on your instrument and volume before choosing a model based on its name.

Ready to Trade at True Low Cost?

Afterprime is invite-only. Apply below and our team
will review your trading profile within 48 hours.