Forex · Level 2

Brokers, Costs and Rebates

Know what every trade really costs you

Learn how forex brokers operate, how spreads, commissions and swaps add up, and how trading rebates can lower your net cost per lot.

1. Module 1. How brokers work

   • What a forex broker does3 min
   • Market maker vs STP/ECN execution3 min
   • Account types: standard vs raw spread3 min
   • Regulation and protecting your funds3 min
   • Module quiz · 5 questions · pass 70%Sign up to take quiz

2. Module 2. Your real trading costs

   • Spreads explained3 min
   • Commissions per lot: round turn vs per side3 min
   • Swap and overnight financing3 min
   • Adding it all up: cost per trade and per month3 min
   • Module quiz · 5 questions · pass 70%Sign up to take quiz

3. Module 3. Rebates explained

   • What is a trading rebate?3 min
   • How rebates lower your net cost3 min
   • Choosing a broker beyond the rebate3 min
   • Module quiz · 5 questions · pass 70%Sign up to take quiz