Broker Transparency Tool

Hidden Fee Calculator

Calculate the True Cost of your trade. Brokers advertise "$0 Commissions" but hide their fees in widened spreads and execution slippage.

Trade Details

Trade Size (Lots)

Pip Value ($)

Broker Fees

Bid-Ask Spread (Pips)

Commission ($ / Lot RT)

Average Execution Slippage (Pips)

The difference between your requested price and filled price.

Enter the broker's spread, commission, and average slippage to calculate the hidden cost of trading.

The Truth About "Zero Commission" Brokers

In the trading world, if the product is free, you are the product. Brokers that offer zero commissions (like most B-book brokers) make their money by drastically widening the bid-ask spread. For example, instead of a 0.2 pip spread + $3 commission, they charge a 1.5 pip spread and $0 commission.

The Math: A 1.5 pip spread on 1 standard lot of EUR/USD costs you $15 exactly the moment you click "Buy". The 0.2 pip spread + $3 commission account only costs you $5. The "Zero Commission" account just charged you 3x more.
Slippage: This is the difference between the price you clicked and the price your order was actually filled at. High latency or B-book routing algorithms often result in negative slippage, which is a hidden tax on your profitability.