MT4 platform transaction costs, there are explicit and implicit costs.
Explicit costs refer to visible costs, which are further divided into spreads, fees, and SWAPs.
Spread, which is the price difference between the buyer’s and seller’s price.
Handling fees are generally reflected in the ECN account, standard accounts do not have a commission. It refers to the commission that needs to be paid to the platform for making a single lot.
Overnight interest refers to the interest rate when the position is held for more than one day, and there are positive and negative interest rates for overnight interest. Positive interest is the platform to give us interest, negative interest refers to us to the platform interest.
Dark costs refer to unseen costs. For example, slippage, latency, lag, etc. The dark costs are sometimes higher than the explicit costs.
The platform has a good trading environment, which generally means low dark costs.
Therefore, when choosing a platform, you should not only look at the explicit costs, but also the implicit costs.
At the same time, for the same platform to speak, different agents provide different rebates, choose the rebate payment high agent business is an important aspect.