HOW THE FOREX BROKER CHARGE ONCE OPEN A LIVE ACCOUNT?

Question

Is it possible that open a forex account without broker?

how the forex broker charge once open a live account?

Answer 1

Hi there,

Forex brokers normally charges spread like my dealer Finexo charges trades depending on the currency pair, and account type: mini: 5 pips, classic: 3 pips, VIP: 2 pips. There is also Withdrawal fees is charged each time you withdraw and Interest is charged or applied (depending on if you are in a winning or losing position) for rollover fees for overnight and weekend positions. These are the charges of any brokers with a live account. some brokers also charges maintainance fees and other charges which depends broker to broker.

According to my analysis and interpretation i have seen that Finexo charges are quite low and also they follow their commitments which other brokers do not.