Spreads are only the first cost
The spread is the difference between the bid and ask price. It is usually the most visible forex cost, but it is not the only one. Compare typical spreads during the hours you trade, not only the minimum spread shown in marketing material.
Commissions and account types
Some brokers offer raw-spread accounts with a separate commission. Others wrap the cost into a wider spread. The cheaper option depends on trade size, pair selection and frequency.
Always compare the all-in cost for one complete round trip rather than one line item.
Swaps and overnight financing
If you hold positions overnight, swaps or financing can matter as much as the entry spread. CFD positions may also carry overnight funding. These costs can change by instrument and direction.
Currency conversion and non-trading fees
Account currency matters. A trader funding in one currency and trading instruments in another may pay conversion costs. Also check withdrawal fees, inactivity terms, payment-method fees and account closure conditions.
How to compare broker fees fairly
- Choose three pairs or CFDs you actually trade.
- Compare typical spreads during your trading session.
- Add commissions, swaps and conversion costs.
- Include non-trading fees if you trade occasionally.
- Re-check official fee pages before depositing money.