The agent is responsible for opening accounts for clients who need to make foreign exchange investments. For each transaction of the client, the platform will deduct a portion of the transaction fee and return it to the agent as commission paid to the agent. And agents, in order to attract more investors to open accounts, will return the commission returned on the platform to investors in proportion. This method is called foreign exchange commission.
Will foreign exchange commission increase costs?
stayForeign exchange transactionsIn the market, due to the increasing popularity of foreign exchange trading among investors, a large number of foreign exchange trading agents have flooded into the foreign exchange trading market. Therefore, foreign exchange trading rebates are a competition among a large number of foreign exchange agents They provide investors with the advantage of foreign exchange commission rebates. When investors pay their spread fees to the foreign exchange trading broker, the agent will return a portion of their own commission to the foreign exchange trading investor The transaction cost for investors is the difference paid to foreign exchange brokers minus the amount returned by agents, which is very advantageous for foreign exchange trading investors.