If you’re asking how much forex charge?, you’re likely referring to the fees and costs involved in currency exchange or forex trading. The answer depends on whether you’re exchanging currency for travel, using a forex card, or trading forex online through a broker.

1. Forex Charges For Currency Exchange (Travel or Remittance)

When you exchange currency at a bank, money changer, or online platform, typical charges include:

Charge Type	Typical Range
Exchange Rate Margin	0.5% – 3.5% above interbank rate
Service Fee	₹150 – ₹500 per transaction
GST (India)	0.18% – 1% on total value (slab-based)
Cash Handling Fee	May apply for cash payments above ₹50,000

2. Forex Card Charges

Forex cards (prepaid travel cards) may have:

Fee Type	Typical Rate
Issuance Fee	₹100 – ₹500
Reload Fee	₹50 – ₹150 per reload
ATM Withdrawal Fee	USD 2 – USD 4 per transaction
Cross-currency Fee	2% – 4% if used in unsupported currency
Inactivity Fee	Charged if not used for 6–12 months

3. Forex Trading Charges (Online Brokers)

When trading forex online, fees depend on the broker model:

a. Spread-Based Brokers

• Spread: The difference between buy and sell prices
• Typical: 0.1 to 3 pips depending on currency pair and broker

b. Commission-Based (ECN) Brokers

• Lower spreads (0.0–0.2 pips) but fixed commission per trade
• Typical: $3 to $7 per lot (round turn)

c. Swap/Overnight Charges

• Applied for holding trades overnight
• Swap-free (Islamic) accounts are available if you qualify

d. Hidden Charges To Watch For

• Deposit/Withdrawal fees
• Currency conversion fees (for INR to USD and vice versa)
• Inactivity fees on dormant accounts

Conclusion

If you’re asking how much forex charge, it depends on the purpose:

• For currency exchange, expect 1% to 5% total cost
• For forex cards, fees vary by issuer and usage
• For forex trading, charges include spreads, commissions, and swap fees

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