Low fees to help increase trading results
Investor appetite for forex (FX) has exploded in recent years, with daily trading volumes of more than $5 trillion. Forex popularity is driven by low interest rates, high stock prices and easy access. Many investors end up opening an online forex trading account without really knowing about the fees, after all, currency pairs are not traded on any exchange.
Forex trading involves exchanging one currency for another on the foreign exchange market and is not for the faint of heart or the inexperienced. No investment is without risk, but forex tips the risk meter further with its rapid trading pace and high leverage, which means investors can quickly lose more than their initial investments. Of course, that traders can also profit at the same speed, which combined with liquidity is what attracts investors to forex trading.
Choosing a forex broker, one should consider trading platforms, the number of currency pairs offered, leverage, customer service and most of all, costs. However, comparing costs is not easy in forex trading. Some brokers charge a commission, many advertise zero commissions, earning money in the spread — the difference between the price a broker is paying for the currency (the bid) and the price at which a broker is selling a currency (the ask). Brokers essentially roll their fees into that spread, widening it making their profit.
Blitzbrokers Ltd, founded in London in 2016 aims to for the lowest pricing in forex trading. They offer a full range of products, the popular MT4 platform and ultrafast execution, no dealing desk and no hidden fees. FCA regulated as an Appointed Representative of MEX (Europe) Ltd they benefit from a large capitalization, top tier liquidity providers and regulatory safety whereas they can fully focus on giving clients the best trading experience possible.
Most large forex brokers are spending millions of dollars on ads, sponsoring and bonuses, etc. Blitzbrokers does not and therefore save a lot of money which is used to pass back to their clients. With Blitzbrokers, traders can benefit from trading close to cost price where they can choose between a standard account from 0.4 pip all fees included or an ecn account offering spreads from 0.0 pips + $2 per lot per side.
It definitely makes sense to compare broker fees before start trading, since fees can pile up after a few active trading sessions and will force traders to stay longer in the market which means more exposure. Visit the website of Blitzbrokers and check if you can save money and how fees affect your trading results.
For more information http://blitzbrokers.com/