Any idea of transaction fees on interbank forex broker? -

Any idea of transaction fees on interbank forex broker, or any other broker . i want to have an idea before I start trading....... The transaction fee you mentioned is usually comes in the form of a commission or spread, or both. While rates vary from broker to broker, it is generally charged per trade. A commission is simply a fee, usually based on the size of your trade. The spread is the difference in pips between the bid and the ask price. If you trade through a retail forex broker, then often times you will be given a commission free trading experience. These brokers will charge you the spread instead. EUR/USD may have a spread of 2 pips. So that means on every trade that you take, you will down by 2 pips from the start. If you trade through an ECN forex broker, then you will be subject to both the spread and commission per trade. Spreads are typically lower from ECN brokers. But you now have to contend with the commissions. When you say quot;interbank,quot; if you are referring to actual trading between (inter) banks, then it is assumed that you are either very well connected with the banks or are trading on behalf of a major financial or government institution. Forex trading at this level will see very little in the way of spreads or commissions. However, if you were referring to the broker/dealer named Interbank FX, then we are talking about simply another retail broker that charges 0 commissions and a rather high spread. Hope this helps, -Shuli There are no transaction fees for forex, they simply keep all your money when your investment drops.