Beginer here. How a Broker makes his commission

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This topic contains 3 replies, has 2 voices, and was last updated by  superfxtrader 2 weeks, 3 days ago.

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  • #545

    Wendy

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

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    #546

    Nic
    Keymaster

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

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    #547

    Rich14304

    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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    #548

    superfxtrader

    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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