Although dealers who are regulated
by NFA must disclose their
charges to retail customers, there
are no rules about how a dealer
charges a customer for the services
the dealer provides or that limit
how much the dealer can charge.
Before opening an account, you
should check with several dealers
and compare their charges as well
as their services. If you were
solicited by or place your trades
through someone other than the
dealer, or if your account is managed
by someone, you may be
charged a separate amount for the
third party’s services.
Some firms charge a per trade
commission, while other firms
charge amark-up bywidening the
spread between the bid and ask
prices they give their customers.
In the earlier example, assume
that the dealer can get a EUR/USD
spread of 1.2173/75 from a bank.
If the dealer widens the spread to
1.2170/78 for its customers, the
dealer has marked up the spread
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