Finance & Business
What fees should I expect when trading Forex?
Basically, it can be said that forex trading has lower fees than regular stock exchange trading. Therefore, this type of trading is much cheaper.
The amount of fees basically depends on the amount of capital invested. On average, the broker itself has to pay a fee of about 0.0006 percent to the contracted service provider. If you convert this value into euros, this is only 60 cents. A calculation example should clarify this a little more precisely.
Assuming a trader would bet an amount of 10,000 euros and receive the same profit as the broker, i.e. about 500 euros, the fees would amount to only 0.5 percent. Of course, this calculation example misses the reality, because usually the profit of the broker is higher than that of the trader. So if the trader wins a sum of 1,000 euros, and if you include the broker’s profit, you only have to pay fees of 0.8 percent.
If a leverage is used, the fee to be paid also changes. However, the costs are not too high here either. With the same calculation example with a lever of 1 percent, only 1 percent fee must be paid on the 10,000 euros. The fees vary from broker to broker, but they are similar for all providers.