Forex glossary
What is a commission?
A fixed fee per lot charged on raw-spread or ECN accounts, in addition to the spread.
Definition
Commission: A fixed fee per lot charged on raw-spread or ECN accounts, in addition to the spread.
In context
Some accounts charge no commission but a wider spread.
From the lesson Bid, Ask and the Spread.
Lessons that cover Commission
Forex 101 · 5 min
Bid, Ask and the Spread
Why there are two prices and what the gap costs you.
Brokers & Platforms · 6 min
How Forex Brokers Work
Market makers, STP, ECN, and how your broker earns money.
Brokers & Platforms · 4 min
Account Types
Standard, raw, cent and swap-free accounts compared.
Risk & Psychology · 6 min
Backtesting and Forward Testing
Prove your strategy works before you risk money on it.