FOREX / MARKET RESEARCH
Foreign exchange
Compare the total trading cost of major and cross currency pairs, not just advertised minimum spreads.
BEFORE YOU TRADE
Questions worth asking.
Is the quoted spread typical or a minimum?
Confirm against the broker's official contract specification for your account and jurisdiction.
What is the per-side or round-trip commission?
Confirm against the broker's official contract specification for your account and jurisdiction.
How does account currency affect costs?
Confirm against the broker's official contract specification for your account and jurisdiction.
UNDERSTAND FEES
Translate spread into cost.
Use your own verified instrument parameters to estimate charges.