Trade Crypto for Less Coin
Trade Crypto for Less Coin
FGS Advantage
- Low commissions – 0.12% to 0.18% of trade value1 with no added spreads, markups or custody fees
- Seamlessly access crypto markets through FGS's professional grade desktop platform and intuitive mobile and web platforms
- Cryptocurrency trade execution and custody are provided by Paxos Trust Company
- Trade stocks, options, futures, spot currencies, bonds, funds and more from a single integrated platform at FGS
- Cryptocurrency futures also available on the same platform
- FGS Rated #1 Best Online Broker – 5 out of 5 stars by Barron’s 20212
Low Commissions on
Bitcoin, Bitcoin Cash, Ethereum and Litecoin
0.12% to 0.18% of Trade Value1
with No Added Spreads, Markups or Custody Fees
While other crypto exchanges and brokers charge trading fees as high as 2.00% of trade value or more, and add spreads or markups to the cryptocurrency price, cryptocurrency trading with Paxos on Interactive Brokers’ platform has a low commission of just 0.12% to 0.18% of trade value1 with a USD 1.75 minimum per order (but the minimum is subject to a cap of 1% of trade value). Plus, there are no added spreads, markups, or custody fees.
Crypto Trading Cost Comparison3
| Fee | FGS / Paxos | Gemini ActiveTrader |
Coinbase Pro |
Webull | SoFi |
|---|---|---|---|---|---|
| Crypto Transaction Fee for $1,000 of crypto |
0.18% | 0.35% | 0.50% | None | None |
| Spread / Markup | None | None | None | 1.00% | 1.25% |
| Total fee | 0.18% | 0.35% | 0.50% | 1.00% | 1.25% |
| Cost of $1,000 trade | $1.80 | $3.50 | $5.00 | $10.00 | $12.50 |
Discover a World of Investment Opportunities
Clients can trade BTC, BCH, ETH and LTC through Paxos, alongside global stocks, options, futures, spot currencies, bonds, funds and more via the FGS platform.
Professional Trading Platforms and Tools
Trading Platforms
Powerful, award-winning trading platforms and tools for managing your portfolio. Available on desktop, mobile, and web.
Trading Tools
Use a full suite of professional trading tools to help make better decisions and manage your portfolio. Spot market opportunities with Advanced Market Scanners and analyze your portfolio with Risk Navigator.
Sustainable Investing
Use Interactive Brokers’ suite of environmental, social and governance (ESG) tools to develop your own conscious investing plan. Align your investments with what you care about most.
Security You Can Trust
Security is crucial to cryptocurrency trading. Use the FGS platform and funds from your FGS account to trade cryptocurrencies at Paxos Trust Company, which employs military-grade security to protect your crypto assets. Paxos Trust Company is regulated and supervised by the New York Department of Financial Services (the New York bank regulator), and by the US Treasury’s Office of the Comptroller of the Currency (OCC).
Rated #1
Best Online Broker
Four Years in a Row
by Barron's 2021
Lowest margin loan interest rates of any broker, according to the StockBrokers.com 2021 online broker review.
Interested in Trading Crypto?
FGS Clients –
Log in to Request Cryptocurrency Trading Permissions
Log in to Client Portal and request Cryptocurrency trading permission via the Settings > Account Settings > Trading Experience & Permissions menu item. Trading permission requests are typically approved overnight.
New Client? Open an FGS Account
FAQs
Before you can trade cryptocurrencies, you need to log into Client Portal and request "United States - Crypto Currencies" trading permissions. Once trading permissions are established, you trade cryptocurrencies in the same way that you trade other products. Search for the symbol and open it in Quote Details or add it to your Watchlist. Select the symbol to trade, then complete the available parameters to create and then submit the order.
All exchange and custody services in connection with trading and holding cryptocurrency tokens and other digital asset tokens through FGS trading platforms are provided by Paxos Trust.
Cryptocurrency trading with Paxos on Financial Group Services’ trading platforms has a low commission of just 0.12% to 0.18% of trade value* with a USD 1.75 minimum per order (but the minimum is subject to a cap of 1% of trade value). Plus, there are no added spreads, markups, or custody fees.
*Depending on client monthly volume, with a USD 1.75 minimum commission per order (but the minimum is subject to a cap of 1% of trade value).
All exchange and custody services in connection with trading and holding cryptocurrency tokens and other digital asset tokens through FGS trading platforms are provided by Paxos Trust.
All exchange and custody services in connection with trading and holding cryptocurrency tokens and other digital asset tokens (collectively, "crypto") through Financial Group Services ("FGS") platform are provided by Paxos Trust (a New York Limited Trust Company licensed by the New York Department of Financial Services), which is specifically licensed to engage in virtual currency services.
This means to trade crypto, you must become a client of Paxos. When clients request the cryptocurrency trading permission in Client Portal, they agree to permit FGS to provide their information to Paxos in order to apply for an account at Paxos in their name, and they are required to sign Paxos’ Customer Terms & Conditions. Clients must also sign a supplement to the FGS Client Agreement which authorizes and instructs FGS to engage in certain cashiering activities in their FGS brokerage account to (i) withdraw US dollars from their brokerage account and transfer them to their account at Paxos to pay for crypto purchased and (ii) to sweep proceeds of sales of crypto at Paxos out of their account at Paxos and into their brokerage account at FGS . Crypto trading permissions are enabled once a supplement to the FGS Customer Agreement is signed and the FGS client is approved as a Paxos client.
Once enabled, FGS clients can trade crypto in their Paxos account using the FGS trading platforms. When clients trade crypto through the FGS platform, although FGS acts as your cashiering agent, FGS has no custody or control over the crypto assets you hold in your account at Paxos. All crypto transactions occur on the Paxos exchange. Paxos is your custodian for all crypto assets, and none of the legal protections associated with your securities account at FGS (such as insurance under the Securities Investor Protection Act) apply to those crypto assets.
By supporting crypto trading through FGS’s platform in conjunction with Paxos, FGS provides its clients the convenience of centralized cash management and a single user interface that shows both their IBLLC-carried securities & commodities positions and their Paxos-carried crypto positions.
To comply with all relevant regulatory requirements and to avoid any client confusion, FGS keeps the distinction between activities and positions at FGS and activities and positions with Paxos very clear throughout all of the trading platforms. This may include the presentation of symbols indicating an asset is held at Paxos, headers, footers, pop-ups, and other such notices.