Beginer here. How a Broker makes his commission

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  • Sep 1, 2017 at 12:54 pm #545
    Wendy
    Guest
    • 552

    Hi Guys…I got a doubt..about forex broker… How a Broker makes his commission

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    Sep 1, 2017 at 12:54 pm #546
    Nik
    Keymaster
    • 19

    They make money from the spread( difference between the bid and ask rate).

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    Sep 1, 2017 at 12:54 pm #547
    Rich14304
    Guest
    • 552

    The CLAIM how a broker makes profit upon the trader is TRUE; one may also note; the topic is subjective; as some BROKERS make a commission on TRADE VOLUME; and permits the trader to engage the market AT VALUE; while others may have front-end and back-end fees AND a spread; therefore; one MUST KNOW the details of the institution PRIOR; as simply assuming the spread is the end-all; may be considered; not entirely TRUE.

    ~Rich

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    Sep 1, 2017 at 12:54 pm #548
    superfxtrader
    Guest
    • 552

    There are many methods by which brokers make money which include: commission from spread, commission by processing payments, from the overnight swaps spread etc. Different brokers have different criteria for charging fees or commissions from traders.

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    Nov 17, 2019 at 4:56 pm #2246
    FXGuru
    Participant
    • 443

    I prefer a quality broker regardless of anything else. And this is where my preference is straight with FreshForex. A leading company with countless benefits. One can work with over 130 instruments with them plus several other such stuff which counts for smooth trading platform and much more. We can also get educational guidance with them which makes them so good.

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