Is there a commission fee on the foreign exchange market?
Is there a commission fee on the foreign exchange market?
No, there is no concept of "commission fee" in the Forex market. When trading options, stocks and futures, investors trust brokers to conclude transactions, the broker conducts it on the agreed terms and on time, for which he receives a commission from the client.
Transactions in the foreign exchange market are concluded by buyers and sellers directly, and Forex companies act as dealers, not brokers. They act on their own behalf and carry out trading operations, taking 100% of the risks. This is very convenient, because as a result of the transaction, even the minimum profit goes to the trader's account and no fees and commissions are charged.