Category: Business

How to calculate foreign exchange fees - Etimes Fees and commission are very similar and there is an argument that they overlap - making this about semantics. However, to keep things simple in your mind, there are two ways that a broker can profit from your exchange beyond the spread: Charging a flat fee or commission. One example of commission is Wise’s 0.5% charge (for most customers and for common currency routes) - as well as Revolut’s claim to charge 0.5% when having exceeded the free exchange monthly allowance.