1. What are ProFinance's trading fees?
ProFinance charges a fee of $7 per standard lot traded (100,000 units of the base currency). This fee applies to all currency pairs.
2. How are trading fees determined?
The fee is calculated based on the trading volume. A fixed fee of $7 is applied for each standard lot executed.
3. When are fees charged?
Fees are automatically deducted when a trade is executed, both when opening and closing a position.
4. Are there any other costs besides trading fees?
In addition to trading fees, other costs may be associated with transactions:
Spreads: The difference between the bid (buy) price and the ask (sell) price. Spreads can vary depending on market volatility and the instrument traded.
Slippage: The difference between the price at which you intend to execute a trade and the actual price at which it is executed. Slippage typically occurs during periods of high volatility or low liquidity.