The Hidden Costs of Forex Trading
Posted: Sun Mar 06, 2016 12:15 pm
Everyone knows that the costs of forex trading have a dramatic impact on profitability and are one of the main factors when choosing a broker to trade with. However, when comparing offers from several brokerages, it is common to consider trading commissions, spreads, account maintenance and deposit/withdrawal fees. All this information is usually publicly available. In this article I will discuss the less transparent costs directly related to trading which should also be considered.
Top-of-the-book spreads
Broker comparison websites are often the first step for retail clients looking for a broker. Most of these website offer real-time spread comparison including/excluding the ... (read more)