Forex Broker Price War Ahead
Low fees to help increase trading results
Investor appetite for forex (FX) has exploded in recent years, with daily trading volumes of more than $5
trillion. Forex popularity is driven by low interest rates, high stock prices and easy access. Many investors
end up opening an online forex trading account without really knowing about the fees, after all, currency
pairs are not traded on any exchange.
Forex trading involves exchanging one currency for another on the foreign exchange market and is not for
the faint of heart or the inexperienced. No investment is without risk, but forex tips the risk meter further
with its rapid trading pace and high leverage, which means investors can quickly lose more than their
initial investments. Of course, that traders can also profit at the same speed, which combined with
liquidity is what attracts investors to forex trading.
Choosing a forex broker, one should consider trading platforms, the number of currency pairs offered,
leverage, customer service and most of all, costs. However, comparing costs is not easy in forex trading.
Some brokers charge a commission, many advertise zero commissions, earning money in the spread —
the difference between the price a broker is paying for the currency (the bid) and the price at which a
broker is selling a currency (the ask). Brokers essentially roll their fees into that spread, widening it
making their profit.
Blitzbrokers Ltd, founded in London in 2016 aims to for the lowest pricing in forex trading. They offer a full
range of products, the popular […]