What's the percentage commission of the broker you're using?

[Heatman]

Every Forex Trading broker will always charge you for commission on any trade you carried out whether it's a winning trade or losing trade. It's why when it comes to choosing a trading broker, you must make sure to know what their commission percentage is to avoid being charged too much.

 

[Ja Sa Bong]

I've never care to know what my trading broker charges for their commission. I've seen in some trades I close where they take $0.70 to $1.50 as the maximum they have as commission. My main worry with my broker is big account spread.

 

[deucher]

I use a not very well-known broker, so I won't even write the name so that you don't try, but they don't have a commission, but they have a very large spread for opening a position. This spread is larger than on exchanges and they will earn because of this, because it is much more profitable than a fixed commission

 

[Riberet19]

I couldn't say the exact commission percentage, but for example, I recently sold about $40 and was charged about $1.5 for the transaction, not counting the transaction to withdraw to the bank account, in total it would be about $1.8 in total.

 

[Nomad]

Generally speaking, I either use convert feature where there is zero commission or P2P trading where there is also zero commission. On some platforms I have paid upto 3 percent commission.

 

[EMMANUEL]

Forex brokers make money through commissions (or spreads) on trades. Understanding these costs is crucial for traders as they directly impact profitability. Traders should compare commission structures across brokers, ensure transparency, and consider how their trading style is affected. Be aware of other potential fees like spreads, rollover fees, and deposit/withdrawal fees.