The main way we earn money is through the spreads that we wrap around the market price. The costs of any given trade are factored into these two prices (known as the ask and the bid), so you will always buy slightly higher than the market price, and sell slightly below it.

If the Gold is trading at 1952.50 and has 40 pips spread, for example, it might have an ask price of 1952.70 and a bid price of 1952.30.

At times, you may also be required to pay additional fees when trading with NYXBROKER.

When you deposit money into an NYX account as a retail client, it is protected in a number of ways.

We have invested heavily in tools to help our clients trade profitably

No, our business model is based on providing individuals with the opportunity to trade in global financial markets, in exchange for fair and proportional transaction fees. It is a well-known fact that successful trading is challenging, and most speculative traders tend to incur losses.

However, we do not typically profit from the trading losses of unsuccessful clients. In most cases, our clients’ positions offset each other. For example, if Client A buys one lot of GOLD and Client B sells one lot of GOLD, both sides of the trade are covered. This means NYX Broker is not exposed to the profit or loss of either client. Instead, we generate revenue through the spread (i.e., the transaction fee) that each client pays to execute their trade.