I’ve actually researched this before but that was like 2 years ago and I can’t remember. Nor, do i have the energy to sift through hoards of google rankings to find what i need.
If you could just explain the different types of systems for charging forex traders and the idea of the ‘spread’. Thank you very much.
The spread is the area they make money, Its small but there is many transactions therefore large revenue.
http://www.easy-forex.com/gtw/197187.aspx
Many forex brokers make their money my simply betting against your trade. They know that statistically about 95% of their customers will lose, and these are the customers they make their money from.
Forex brokers make their money through the spread. An average spread is two pips. Some ecn brokers which have small spreads also charge a commision.