What fees and commissions do brokers charge for Forex trading?
Forex brokers usually have two types of accounts, one with no commissions and low fees, and another type with commissions and no fees. The commission account has requirements such that it is only feasible for those who make a lot of trades or who have very large accounts. The pips are the spread, which varies from 1 to 2 pips for the most active Forex pairs to much more for exotics. These spreads can also vary according to the market conditions, which as when volume is high and liquidity is low. It depends upon your trading style and bankroll to determine which account type is best for you.