What do forex brokers rely on to make money?
Member Since Jul 23, 2020
759 posts
Sep 15, 2020 at 05:26
Broker generally rely on spread or commission to make money. However, some scam broker steal money from its trader. So, avoid scam broker.
Member Since Jul 20, 2020
341 posts
Sep 15, 2020 at 19:59
To trade in the forex you need a good and reliable broker. a good broker can make you rich. On the other hand, A fake or wrong broker can put you in great problem.
Sep 16, 2020 at 01:11
Brokers are an important part of trading. Brokers need to have an honest and trustworthy attitude to get good trading results. A good broker can give success to a trader. And a bad broker can put a trader in danger. So every trader should be aware while choosing a broker.
Member Since Jul 19, 2020
318 posts
Sep 17, 2020 at 11:06
Broker is the most important element to trade in the market. Most of the traders lose their money because of choosing the wrong brokers. So, be careful when you choose a broker for you.
Member Since Jul 23, 2020
869 posts
Oct 20, 2020 at 17:44
ethan_65 posted:You are right. However, scam broker make money from stealing you.
Brokers generally make money by commissions, swaps, spreads,etc. The main source of income for a broker are spreads.
Member Since Sep 22, 2021
2 posts
Sep 22, 2021 at 13:47
(edited Sep 22, 2021 at 13:48)
Hmm, I think so. It's always important to remember that a broker is not your best friend, he's doing his job and is always looking for a profit to make. Although, I know a company They have customer service, actually the same brokers, but they really work for the customers, not for themselves. I think brokers make money even when they lose clients.Perhaps another component is taken into account from the process of working with the client, no matter what he left. It is true that we won't know these nuances until we get into this kind of work ourselves. But I think there are many articles on the Internet on this topic. I will have to read it, I am very interested in this question. Let me know if you find anything about it.
Member Since Jul 20, 2020
399 posts
Sep 24, 2021 at 06:45
A ECN broker uses commissions and spread. They are the truest form of broker as they are not on the other side of your trade. In theory they want you to keep your capital so you can continue to trade and they make their commission
Member Since Aug 17, 2021
94 posts
Sep 25, 2021 at 17:00
(edited Sep 25, 2021 at 17:00)
In return for executing buy or sell orders, the forex broker will charge a commission per trade or a spread. That is how forex brokers make their money. ... The difference between the bid and ask price is the broker's spread. A broker could also charge both a commission and a spread on a trade.
Sep 26, 2021 at 23:32
As I know the broker get profit from spread and trading commissions, like as money changer take profit from difference bid and ask the more transaction volume, the bigger profit will be obtained
but maybe a company not only gets income from its source, but it possible they also work in another investment.
but maybe a company not only gets income from its source, but it possible they also work in another investment.
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