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What do forex brokers rely on to make money?
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Michihito

Member Since Jul 19, 2020  56 posts Michihito Aug 28 at 04:32
Usually a broker make money by commission and spreads. If your account is commission free, the broker make money by the spreads gap in a pair. It could be from 1 pips to 8 or more depending on different currency pairs.

ethan_65

Member Since Feb 07, 2020  29 posts ethan_65 Aug 28 at 09:25
Brokers generally make money by commissions, swaps, spreads,etc. The main source of income for a broker are spreads.

SofieAndreasen

Member Since Jul 23, 2020  56 posts SofieAndreasen Sep 15 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.

Mauk

Member Since Aug 26, 2020  8 posts Mauk Sep 15 at 10:44
The most offensive thing, of course, is to get caught by scammers who will really take you away your funds that you will earn. And if the broker is normal, well, like Amarkets with a spread of 0.2 pips, then all sides are in the black

ElliotCooke

Member Since Jul 20, 2020  69 posts ElliotCooke Sep 15 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.

AliaDare

Member Since Jul 19, 2020  59 posts AliaDare Sep 16 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.

GeorgeBischof

Member Since Jul 19, 2020  70 posts GeorgeBischof Yesterday 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.

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