- Broker’s commission
- Swaps but sometimes they can be positive
- Taxes/duties
- Spread _ brokers tend to add a margin on the normal spread provided by the liquidity providers to compensate for MT4 fees. Hahaha… you think MT4 is free, hell no!
- Some brokers like IQ options have inactivity fee. If you are not active in your live account then they charge you. That’s how much they mean business.
Other unavoidable costs relate to your own working knowledge on the markets. You lose when you gamble, you win if you have a good working knowledge.
What are currency swaps?
Two parties exchange currencies for a certain length of time and agree to reverse the transaction at a later date. This is why swaps are charged at the end of the day, if the transactions are i n favor you gain, if not you lose. Also something brokers don’t tell you.
