Forextrading is a great way to make money, but there are fees involved. Learn all you need to know about Forexbroker fees and costs here:
Every Forex broker charges fees in one form or another and there are trading costs associated with each trade placed.
All costs involved with each trade should be mentioned by the broker; transparent brokers list them in their trading conditions and also provide examples of how costs are incurred and calculated Accounts which charge commissions are usually ECN accounts which operate a no-dealing desk execution.Commissions are also charged on equity trades and various other assets will carry a commission charge. In order to get the full details on which assets carry a commission, traders should either consult the asset directory provided by their broker or get the information directly from the trading platform.
Another unnecessary fee which some brokers charge is an account inactivity fee. This is usually applied after three months of no trading activity. The broker will then charge a quarterly cost, which will be listed in the trading conditions of the broker’s website, until the account balance is either depleted or trading resumed.
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