Jump to content
  • 0

How do Forex brokers make money?


Kelvin
 Share

Question

1 answer to this question

Recommended Posts

  • 0

Hello Kelvin, 
Choosing a good broker in a Forex market is essential. Forex brokers will not only give you a good platform for you to place your trades, but they will also guide you in the course of your trading.
The knowledge of how Forex brokers make money will help you choose the right one for you.
While dealing with any broker, you pay so many charges; this money is what the brokers use to make their money.
The brokerage fee is the main source of income for brokers. Brokerage fees may include commissions or the spread between the offer and the asking price. Brokers mainly make money by possessing the spread charging a certain fee per turn. Some even charge for both.
Some brokers also earn by charging their clients for services they offer, such as educating them on how and when to place their trades.
Forex brokers also make money from trading platforms. The trading platforms may come with additional features that may help you make more profits. Forex traders will get money from these additional features by charging extra fees.
Other additional services such as which you may decide to pay for. These services may include getting more tradable tools, trading signals, and getting in-depth information about the market.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. To reply to this question, sign in or create a new account.

Guest
Reply to this question

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share

×
×
  • Create New...