What is the cheapest Forex broker commision?

Thursday, December 26, 2013 , Posted by Ryanita at 3:00 PM

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Dold


What is the cheapest Forex broker commision?
If i have about 100$ and i want to have them in EUR.
How mutch do i pay the broker then with the cheapest forex broker?



Answer
1 pip in the spread for the EUR/USD.

If you have 3-5 years of very successful trading experience Forex trading may be good for you. If you're new to trading...... starting with Forex is not only a joke.... it's going to destroy your portfolio.

How to set up a forex introducing broker service in Australia?




Jacky


What personal qualification and criteria do I need to register an Australia Forex Introducing Broker Service? Some forex brokers tell me to get an AFSL license but I am not sure whether I am eligible to get one.


Answer
Good!
You can setup a Forex introducing broker service anywhere in the world regarding the rules and regulations of the country you are in. But there are certain things to put in place.

1. You need basic knowledge of how forex works and basic knowledge of education to maitain an organisation. You therefore, have to register a business name depending on regulation of that country but it is advisable.

2. Do a good search about the broker you want to promote. This promotion can be online or offline.

3. Register with the Broker on the broker's website as Introducing Broker (IB) to agree with their terms and conditions. Make sure you contact the broker to explain your interest.

Then, you are done. you can see example here: http://www.gopeoplefinder.com




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