The trading costs involved with an ECN Forex Broker in Nigeria include: Commissions: Commissions are the fees a broker charges for executing trades. They're usually charged in two an upfront fee and a percentage of the trade's value. The upfront fee is usually small, but it can add up if you're trading a lot. Fees vary from broker to broker. Withdrawals and Deposits: Withdrawals and deposits can be made by check or wire transfer, credit card or debit card, and e-wallets. Payments are subject to fees depending on the type of account you have with that broker. Swaps: Swaps are the most common form of exchange between two parties. They are used to establish a fixed rate of exchange between currencies, and they're also used as a way to determine the price at which a currency can be traded. Spreads: Spreads determine the price you can buy or sell a currency pair. For example, if you wanted to see how much it would cost to buy EUR/USD, you could request a spread on EUR/USD. You would then get back a quote indicating the maximum amount you could pay for this pair.