What are the fees associated with trading forex on Robinhood?

7 answers

• Dec 17, 2021 · 3 years ago
  When it comes to trading forex on Robinhood, there are a few fees that you should be aware of. First, there is no commission fee for forex trades on Robinhood. This means that you can trade forex without paying any fees for each trade. However, Robinhood does charge a spread on each forex trade, which is the difference between the bid and ask price. This spread can vary depending on market conditions and liquidity. Additionally, there may be fees associated with holding overnight positions in forex. These fees are known as rollover fees or swap fees and are charged for holding positions overnight. It's important to note that these fees can vary depending on the currency pair and the size of the position. Overall, while Robinhood offers commission-free forex trading, it's essential to consider the spread and potential overnight fees when evaluating the total cost of trading forex on the platform.
  908454
• Dec 17, 2021 · 3 years ago
  Trading forex on Robinhood is commission-free, which means you won't have to pay any fees for each trade. However, it's important to keep in mind that there is a spread on each forex trade. The spread is the difference between the bid and ask price, and it represents the cost of executing the trade. The spread can vary depending on market conditions and liquidity. Additionally, if you hold positions overnight, there may be rollover fees or swap fees associated with those positions. These fees are charged for holding positions overnight and can vary depending on the currency pair and the size of the position. Overall, while there are no commission fees, it's essential to consider the spread and potential overnight fees when trading forex on Robinhood.
  760254
• Dec 17, 2021 · 3 years ago
  When trading forex on Robinhood, you won't have to worry about paying any commission fees. That's right, forex trades on Robinhood are commission-free! However, it's important to note that there is a spread on each trade. The spread is the difference between the bid and ask price, and it represents the cost of executing the trade. The spread can vary depending on market conditions and liquidity. Additionally, if you decide to hold positions overnight, there may be rollover fees or swap fees associated with those positions. These fees are charged for holding positions overnight and can vary depending on the currency pair and the size of the position. So, while you won't have to pay any commission fees, it's crucial to consider the spread and potential overnight fees when trading forex on Robinhood.
  808202
• Dec 17, 2021 · 3 years ago
  When it comes to trading forex on Robinhood, you'll be happy to know that there are no commission fees! That's right, you can trade forex without worrying about paying any fees for each trade. However, there is a spread on each forex trade. The spread is the difference between the bid and ask price, and it represents the cost of executing the trade. The spread can vary depending on market conditions and liquidity. Additionally, if you hold positions overnight, there may be rollover fees or swap fees associated with those positions. These fees are charged for holding positions overnight and can vary depending on the currency pair and the size of the position. So, while there are no commission fees, it's important to consider the spread and potential overnight fees when trading forex on Robinhood.
  806162
• Dec 17, 2021 · 3 years ago
  When trading forex on Robinhood, you won't have to worry about paying any commission fees. That's because forex trades on Robinhood are commission-free! However, there is a spread on each trade. The spread is the difference between the bid and ask price, and it represents the cost of executing the trade. The spread can vary depending on market conditions and liquidity. Additionally, if you decide to hold positions overnight, there may be rollover fees or swap fees associated with those positions. These fees are charged for holding positions overnight and can vary depending on the currency pair and the size of the position. So, while there are no commission fees, it's important to consider the spread and potential overnight fees when trading forex on Robinhood.
  770129
• Dec 17, 2021 · 3 years ago
  When it comes to trading forex on Robinhood, you won't have to worry about paying any commission fees. That's because Robinhood offers commission-free forex trading! However, there is a spread on each trade. The spread is the difference between the bid and ask price, and it represents the cost of executing the trade. The spread can vary depending on market conditions and liquidity. Additionally, if you hold positions overnight, there may be rollover fees or swap fees associated with those positions. These fees are charged for holding positions overnight and can vary depending on the currency pair and the size of the position. So, while there are no commission fees, it's important to consider the spread and potential overnight fees when trading forex on Robinhood.
  773111
• Dec 17, 2021 · 3 years ago
  When trading forex on Robinhood, you won't have to worry about paying any commission fees. That's because forex trades on Robinhood are commission-free! However, there is a spread on each trade. The spread is the difference between the bid and ask price, and it represents the cost of executing the trade. The spread can vary depending on market conditions and liquidity. Additionally, if you decide to hold positions overnight, there may be rollover fees or swap fees associated with those positions. These fees are charged for holding positions overnight and can vary depending on the currency pair and the size of the position. So, while there are no commission fees, it's important to consider the spread and potential overnight fees when trading forex on Robinhood.
  77097