Rating: Full Star Full Star Full Star Full Star Empty Star
What do forex brokers rely on to make money?
Previous 1 2 3 Next
Ammy2323

Member Since Jul 04, 2019  10 posts VGIFXAmmy (Ammy2323) Jul 04 2019 at 13:45
Are the brokers making money from the loss of the customer?roll

We can seriously discuss this topic~
I look forward to your reply.twist

Professional4X

Member Since Jan 05, 2016  1189 posts Professional4X Jul 04 2019 at 19:54
Ammy2323 posted:
Are the brokers making money from the loss of the customer?roll

We can seriously discuss this topic~
I look forward to your reply.twist


Brokers make money from commissions and spreads.

If it looks too good to be true, it's probably a scam! Let the buyer beware.
frankmartin1

Member Since Dec 18, 2018  44 posts Frank Martin (frankmartin1) Jul 04 2019 at 22:00
Of course, anyone never gives you free service

CrackedMic

Member Since Jul 05, 2019  9 posts CrackedMic Jul 05 2019 at 11:25
Brokers that take the other side of your trades will make profit when you lose. Just like normal sports betting

Ammy2323

Member Since Jul 04, 2019  10 posts VGIFXAmmy (Ammy2323) Jul 09 2019 at 08:53
CrackedMic posted:
Brokers that take the other side of your trades will make profit when you lose. Just like normal sports betting

The problem is that many brokers do not recognize it.

Felhagamand

Member Since May 14, 2019  21 posts Felhagamand Jul 10 2019 at 20:00
Usually from comissions and spreads, so basically each time you play, that's why they really should be interested in fair play, but sometimes that doesn't really happen so what to do with all that is up to you. If you look at scam stories it's something with leverage as well.

Ammy2323

Member Since Jul 04, 2019  10 posts VGIFXAmmy (Ammy2323) Jul 11 2019 at 05:29
Felhagamand posted:
Usually from comissions and spreads, so basically each time you play, that's why they really should be interested in fair play, but sometimes that doesn't really happen so what to do with all that is up to you. If you look at scam stories it's something with leverage as well.


well said. There is no free lunch in the world. Haha~ Can I communicate with you often? I want to learn more with you.

TeamNotreDame

Member Since Jun 28, 2019  11 posts TeamNotreDame Jul 11 2019 at 08:28
Best type of broker are ECN brokers. The charge commission with every trade but have super low spreads and do not take the other side of your trade

cliffard

Member Since Jul 11, 2019  6 posts cliffard Jul 11 2019 at 09:52
TeamNotreDame posted:
Best type of broker are ECN brokers. The charge commission with every trade but have super low spreads and do not take the other side of your trade

i agree, you get direct quotes from the LPs and no interference.

willtradr

Member Since Jul 09, 2019  25 posts willtradr Jul 13 2019 at 05:43
Forex Brokers earn money through various sources like :
    • They charge commission or fees,some of them hidden too per trade or spread.
    • Payment Processing commission- Online brokers deduct this fees only when you deposit or withdraw money.
    • Leverage- So many brokers offer high leverage. For example 1:100 leverage,it multiplies your trading volume but with this a broker can probably make a commission by widening the spreads or trades.

Previous 1 2 3 Next
Loading
Loading
EURUSD 1.17439 GBPUSD 1.28954
USDJPY 105.541 USDCAD 1.32927

Tools

Community

Reviews

Brokers

Platform

Support


Twitter |  Facebook |  Site Map  |  Terms  |   Privacy Policy
©2020 Myfxbook Ltd. All Rights Reserved.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.