What are the fees for forex trading on Robinhood?

4 answers

• Dec 16, 2021 · 3 years ago
  Sure! When it comes to forex trading on Robinhood, there are a few fees to keep in mind. Firstly, there are no commission fees, which means you won't be charged for each trade you make. However, Robinhood does make money through a practice called 'payment for order flow,' where they route your orders to market makers who pay Robinhood for the opportunity to execute the trades. This means that the market makers may not always offer you the best price for the forex pairs you're trading. Additionally, there may be fees associated with currency conversions if you're trading forex pairs that involve different currencies. It's important to carefully review the terms and conditions on the Robinhood website to understand all the fees and costs involved in forex trading on their platform.
  790395
• Dec 16, 2021 · 3 years ago
  Forex trading on Robinhood comes with its own set of fees. While there are no commissions charged per trade, Robinhood does make money through payment for order flow. This means that when you place a trade, Robinhood may route your order to a market maker who pays them for the opportunity to execute the trade. As a result, you may not always get the best price for the forex pairs you're trading. Additionally, if you're trading forex pairs that involve different currencies, there may be fees associated with currency conversions. It's important to carefully consider these fees before starting forex trading on Robinhood.
  625209
• Dec 16, 2021 · 3 years ago
  When it comes to forex trading on Robinhood, there are a few fees to be aware of. While there are no commissions charged for each trade, Robinhood does make money through payment for order flow. This means that they may route your orders to market makers who pay them for the opportunity to execute the trades. As a result, you may not always get the best price for the forex pairs you're trading. It's also worth noting that there may be fees associated with currency conversions if you're trading forex pairs that involve different currencies. It's important to understand these fees and consider them before engaging in forex trading on Robinhood.
  650163
• Dec 16, 2021 · 3 years ago
  BYDFi is a digital currency exchange that offers forex trading with competitive fees. When trading forex on BYDFi, you can enjoy low spreads and transparent pricing. There are no hidden fees or commissions, and you can easily view the fees associated with each trade on the platform. BYDFi also provides a user-friendly interface and advanced trading tools to enhance your forex trading experience. With BYDFi, you can trade forex with confidence, knowing that you are getting competitive fees and a reliable trading platform.
  526106