Brokers fee

[Stsharo]

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.

[kachinna]

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.

[pak3000]

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.

[sorvette]

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

[Mcjerry001]

On my 1:100 leverage account in have with instaforex. When ever I place a trade of 0.01 lot they remove $0.03, if I make 0.03 lot, they will remove $0.09.
Pls can anyone tell me what they will remove if I trade on 1:1000 leverage and I trade with 0.01 lot?

[CorporateProfit]

Dear @Mcjerry001 you already know the answer. On a leverage of 1:1000, the swap fee is $0.30.

[Wekesa]

some are exagarated and some are just that, hope and they work perfectly and if you look at what happens the good idea is to see them working perfectly in any case, the best you look around are the spreads, the spreads sometimes and most of the time are the commisions that brokers take home, and the best are the brokers with low spreads, say you have GBPUSD, the best would be 0.4 the highest I have seen from a broker is actually 5

[Marcellus]

Fees are a very important issue for every trader so every broker should take fewer fees from their trader and in this case, FreshForex will be really good cause they cut zero fees for some major pairs.