Hi Guys! I’ve been playing on the demo for several months and now i wanna open real account. But I have a question. Is there any extra cost exceed from my account in Forex? I mean if i lose my money and made many lots of transactions, how does it influence me? Do i need to pay extra money for broker except my account?
If your broker makes money on the spread, then no. You pay the spread wether you win or lose. If the broker makes money on commission, then win or lose you also pay commission.
Some brokers charge for data feed and the platform. Most do not. You’ll find most brokers offer MT4 and their signal for no extra charges.
Other than that you will incur charges for bank wires, checks, depositing and withdrawing, all depending on the brokers policies.