Dear GuruTrade visitors!
We’d like to inform you about an important addition to the recently launched section «Spreads». We have now implemented the feature of commission accounting, located in the upper right corner of the Spreads page.
It is well known that traders pay commission for each trade. There are two commission types on the foreign exchange market:
- Fixed fee – using this commission type, company charges the same sum, regardless of the trade size. Fixed commission size is based on the broker’s trading terms and policy;
- Relative fee – is the most common method for commission to be calculated: when the sum that the Forex market participant is charged depends on the trade size. It should be noted that relative commission fee in some cases could change, as it is based on the volume and demand of the particular currency.
The feature of the commission calculating will allow you, by one click, to establish what costs in total a trader will have by trading different currency pairs.