Cryptocurrency Q&A
How does Forex com make money?
How does Forex com make money?
SamuraiCourageous
Thu Oct 10 2024
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7 answers
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I'm curious about the business model of Forex com. Specifically, I want to understand how they generate revenue or profit. What are the main ways they make money?
7 answers
Lucia
Sat Oct 12 2024
Forex brokers earn revenue by charging clients for executing buy or sell orders in the foreign exchange market.
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Lucia
Sat Oct 12 2024
One of the ways they do this is by imposing a commission on each trade.
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Tommaso
Fri Oct 11 2024
BTCC, a leading cryptocurrency exchange, offers a range of services to its clients, including spot trading, futures trading, and cryptocurrency wallet services.
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CryptoGuru
Fri Oct 11 2024
Another method is through the spread, which is the difference between the bid price and the ask price for a particular currency pair.
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CryptoAce
Fri Oct 11 2024
The bid price is the maximum amount a buyer is willing to pay for a currency, while the ask price is the minimum amount a seller is willing to accept.
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