How EXACTLY are the brokers compensated? - Forex Questions and Answers - FXAnswer

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How EXACTLY are the brokers compensated?

I WANT TO USE THE CHEAPEST

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- slim
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1 year ago

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0 Votes PIP Spread by hanan 1 year ago by hanan 1 year ago
0 Votes Usually by the spread but some of them are by commissions or both. For Forex broker review please go to:http://www.goforex.net/forex-broker- ratings.htm by RPT 1 year ago by RPT 1 year ago
0 Votes slim, good question. There are 3 ways a broker can get paid in the FX Spot Market 1. By the PIP Spread 2. By paying a commission (usually "X" dollars per standard lot, 1/10th of "X" for a mini-lot, and 1/100th of "X" for a micro-lot. 3.Both a PIP spread and commission, as in the case of true ECN brokers. PLEASE BE ADVISED: In the FX Spot business, expecially with brokers, cheapest is not the best, in fact, it's probably a scam. Spend some time on this forum to become familar with the following type of brokers: 1. Market Makers 2. ECN 3. others by Tyce 1 year ago by Tyce 1 year ago

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PIP Spread

hanan

1 year ago

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Usually by the spread but some of them are by commissions or both.
For Forex broker review please go to:http://www.goforex.net/forex-broker- ratings.htm

RPT

1 year ago

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slim, good question.

There are 3 ways a broker can get paid in the FX Spot Market

1. By the PIP Spread
2. By paying a commission (usually "X" dollars per standard lot, 1/10th of "X" for a mini-lot, and 1/100th of "X" for a micro-lot.
3.Both a PIP spread and commission, as in the case of true ECN brokers.

PLEASE BE ADVISED:
In the FX Spot business, expecially with brokers, cheapest is not the best, in fact, it's probably a scam. Spend some time on this forum to become familar with the following type of brokers:

1. Market Makers
2. ECN
3. others