Forex Brokers - No Extra Fee?

Forex world is full of competition, whether it is between currencies, forex traders or forex brokers.
Today there are many brokers available online and most of them scream "No Fees, No Extra Charges" on their websites, banners or reviews. It is an amazing, but rather exotic offer. Trading without any strings attached would have been bliss, however in reality nothing comes for free, especially not in the investing markets. So what is really going on when it comes to forex broker's charges?
Forex brokers are getting rewarded for their services in 3 ways:
• fixed spreads
• variable spread
• commission based on a percentage of the spread

The spread is the difference between the two prices: the bid price (the rate at which you can sell the currency) and the ask price (the rate at which you can buy the currency).
Fixed spreads sound like a very attractive offer. We all hate dealing with any kind of changes and we like to see fixed prices (especially when we buy something regularly!). The acceptable bid/ask spread for major currency pairs such as EUR/USD is 3 pips, but it is possible to find a lower option. However, in forex market fixed spreads might be less profitable. After all, it is a volatile market and you better get used to changes!
In the case of a variable spread, you can see spreads might go as low as 1.5 pips or as high as 7 pips. It all depends on the currency pair you have selected and the market volatility.

[ForexGen White Labels]

Forex White Label partnership allows the trader a quick access to the online foreign currency exchange market.

ForexGen provides two types of trading White Label partnerships, a limited and a full solution. ForexGen different types of forex White Label partners are able to access ForexGen's trading platform entirely branded under each partner's unique company image and name. We provide a customizable online trading platform for the different types of the two White Label solutions.


[Full White Label]

We provide 'full White Label partnership' to match the needs of the regulated companies and organizations that have a legal authorization to hold clients' funds. Our online trading platform is the most qualified online trading software in addition to an experience based infrastructure, but the full White Label partner is responsible for all administrative work and of all contact with their clients, i.e. opening of accounts.

[Limited White Label]

Limited White Label partners are also offered to access our customized online trading platform but their customers have to open a direct forex trading account with [ForexGen] Investments. Consequently, limited White Label partners could be not regulated by a financial authority as they will not hold customers' funds. This service permits the customer to manage his trading actions freely without vast administrative paperwork.