Commission

In finance, a commission is a charge levied for services rendered. The term is synonymous with the terms fee and charge, but is typically used to describe a fee charged for a financial service.

It is most widely used to denote the fee charged by bureaus de change for currency exchanges. In forex trading, the term commission is often used synonymously with the term brokerage fee.

More on this topic:
Swiss forex broker comparison
Guide to foreign currency exchange

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Daniel Dreier is editor and personal finance expert at moneyland.ch.

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