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Thread: Brokers fee

  1. #1
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    Brokers fee

    With a relative fee, a broker may charge $1 per $100,000 of a currency pairing that is bought or sold. If a trader buys $1,000,000 EURUSD, the broker receives $10 as a commission. If a trader buys $10,000,000 the broker receives $100 as a commission.

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    Brokers really do not charge fees but rather the charge spreads which is the difference between the bid and ask prices. Though on ECN accounts, brokers can charge slight fixed fees. That is because the spreads are so small.

  3. The Following User Says Thank You to kachinna For This Useful Post:

    pak3000 (11-18-2019)

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    Yes i agree brokers charge us the fee sometimes high and sometimes low it depends on broker but i think in this matter you need to be very very careful. If you follow my recommendation than i will suggest you to use Instaforex broker because it is the world's best broker in the world which offers very low fee in the form of spread.

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    Yes, that's true. This is how forex brokers earn money. Ildar Sharipov helped me to understand how instaforex broker works.

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