I am wondering discount brokers or particularly free brokers who don't charge commission - they make money through spread?
If you are not sure what spread is ..please search online...
https://www.brokerxplorer.com/article/which-is-better-commission-or-spread-3258
https://www.forexfactory.com/thread/169032-spread-vs-commission
Basically when you sell you will little less money than actual price in market and
vice versa for buying ..when you buy that will charge a little more like 5 paise more than actual price in market.
In USA - its very common for a broker to make money through spread - so wondering if this also used by some brokers like @Finvasia or @FLATTRADE
May be they are not transparent enough to disclose that ...How do we verify that they are not making money through spread (instead charging commission) @timepass @siyalikashyap @newtrader101 @bottrade @vsaran @godfather @neo.mx @Vmaster369 @iTrade
If you are not sure what spread is ..please search online...
https://www.brokerxplorer.com/article/which-is-better-commission-or-spread-3258
https://www.forexfactory.com/thread/169032-spread-vs-commission
Basically when you sell you will little less money than actual price in market and
vice versa for buying ..when you buy that will charge a little more like 5 paise more than actual price in market.
In USA - its very common for a broker to make money through spread - so wondering if this also used by some brokers like @Finvasia or @FLATTRADE
May be they are not transparent enough to disclose that ...How do we verify that they are not making money through spread (instead charging commission) @timepass @siyalikashyap @newtrader101 @bottrade @vsaran @godfather @neo.mx @Vmaster369 @iTrade