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What are the commissions for trading in Forex?
With Forex trading, the brokers constantly advertise "no commission". And, of course that's true - except for a few brokers, who do charge a commission similar to stocks. But also, of course, the brokers aren't performing their trading services for free. They too make money. 

The way they do that is by charging the investor a "spread". Simply put, the spread is the difference between the bid price and the ask price for the currency being traded. The broker will add this spread onto the price of the trade and keep it as their fee for trading. So, while it isn't a commission per se, it behaves in practically the same way. It is just a little more hidden. 

The good news though is that typically this spread is only charged on one side of the transaction. In other words, you don't pay the spread when you buy AND then again when you sell. It is usually only charged on the "buy" side of the trades. 

So the spread really is your primary cost of trading the Forex and you should pay attention to the details of what the different brokers offer. 

The spreads offered can vary pretty dramatically from broker to broker. And while it may not seem like much of a difference to be trading with a 5 pip spread vs. a 4 pip spread, it actually can add up very quickly when you multiply it out by how many trades you make and how much money you're trading. Think about it, 4 pips vs. 5 pips is a difference of 25% on your trading costs. 

The other thing to recognize is that spreads can vary based on what currencies you're trading and what type of account you open. 

Most brokers will give you different spreads for different currencies. The most popular currency pairs like the EURUSD or GBPUSD will typically have the lowest spreads, while currencies that have less demand will likely be traded with higher spreads. Be sure to think about what currencies you are most likely to be trading and find out what your spreads will be for those currencies. 

Also, some brokers will offer different spreads for different types of accounts. A mini account, for example, may be subject to higher spreads than a full contract account. 

I have been using the same broker for over 5 years now and am very happy with their service and returns.
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source:- https://smartfxtrader.com/
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Instaforex ada menyediakan akaun tanpa SPREAD yang dikenali sebagai akaun EURICA .. amat sesuai untuk trader yang mempunyai trading sistem atau robot yang sensitif kepada nilai SPREAD.

Info lanjut perbezaan akaun instaforex boleh baca di https://www.instaforex.com/ms/account_types
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One more thing that you should factor into cost is slippage, there are some brokers that are worse than others in this area. As a rule of thumb brokers with tighter spreads will have more slippage.

Exper Advisor
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