How does www.fxaworld.com differ from Banks and Brokers?
The banks and brokers trade currency between themselves at the interbank rate. They then apply their margins or spread to give a “buy” and “sell” rate, the rates at which they will buy and sell currency with their customers. The differential between a bank or brokers ‘buy’ and ‘sell’ rate (their profit) can vary from 1% for very large trades right up to 7% for small trades.
