Beginer here. How a Broker makes his commission

MoneyTec Forums Beginners Forum Beginer here. How a Broker makes his commission

This topic contains 4 replies, has 3 voices, and was last updated by  FXGuru 3 weeks, 2 days ago.

Viewing 5 posts - 1 through 5 (of 5 total)
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  • #545

    Wendy
    • 0

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

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    #546

    Nik
    Keymaster
    • 19

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

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    #547

    Rich14304
    • 0

    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
    • 0

    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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    #2246

    FXGuru
    Participant
    • 167

    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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