简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:In the forex market, the difference between the bid price and the ask price is known as the spread, the principal transaction cost of trading.
In the forex market, the difference between the bid price and the ask price is known as the spread, the principal transaction cost of trading. Many platforms claim to offer spread-free trades with the goal of attracting investors, but are they trustworthy? WikiFX in this paper will reveal details about them.
How do forex platforms make profits?
There are two methods for them to make money. First, they can charge a commission. These brokers probably make a commission by widening the spread on trades, while some may only charge the commission without considering the spread. Second, they can play the role of market makers and earn from the losses of investors. These brokers, however, will also charge a commission in case of investors bull run.
Is there a broker offering 0 spread?
Reliable platforms generate income from spreads. The zero spread will happen only when tradings on the Electronic Communications Network (ECN) are heavy. In this case, these platforms will charge a commission. While several platforms allow ECN accounts, the truth of the accounts remains to be discovered. With that said, platforms all aim to make money from investors, either through the spreads or by charging commissions.
It seems the commission-only ECN is more cost-effective. Investors are advised to stay away from platforms that claim to offer 0 spread and charge 0 commission.
WikiFX, a forex broker info search tool, is popular among global senior investors! If youre interested, please visit bit.ly/wikifxIN.
Below is a list of the lowest spread forex brokers:
Alpari
FXTM
GO Markets
Exness
Pepperstone
BDSwiss
FP Markets
HotForex
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
WEEKLY FUNDAMENTAL GOLD PRICE FORECAST: NEUTRAL
GOLD, XAU/USD, TREASURY YIELDS, CORE PCE, TECHNICAL ANALYSIS - TALKING POINTS:
EUR/GBP PRICE, NEWS AND ANALYSIS:
The dollar was up on Thursday morning in Asia, with the yen and euro on a downward trend ahead of central bank policy decisions in Japan and Europe.