How does NYX make money?
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.
Sometimes you will also need to pay other fees when trading with us:
Commission per lot (based on your account type)
Overnight fees (swap – based on your account type)
Inactivity fees (more information)
When you deposit money into an NYX account as a retail client, it is protected in a number of ways.
We make most of our money from the spreads that clients pay to trade with us
We have invested heavily in tools to help our clients trade profitably
Does NYX aim to profit from client losses?
No. Our business model is based on providing individuals with the opportunity to trade the world’s financial markets, in exchange for fair and proportionate transaction fees. It is a well-known fact that trading successfully is difficult, and most speculative traders tend to lose.
However, we do not typically benefit from trading losses that an unsuccessful client may experience. Mostly, our clients offset each other’s positions. For example if client A buys one lot of the GOLD and client B sells one lot of the GOLD, both sides of the trade are covered. This means NYX is not exposed to the profit or loss of either client. Instead, we make our money via the spread (i.e. the transaction fee) that each client pays to trade.
