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icmarketsfx (icmarketsfx)
Jun 22 2014 at 06:49
21 posts
Spread matters in any situation. You will earn lot more money with a low spread broker.

Get 20% discount on IC Markets
tigpips
Jun 23 2014 at 04:31
186 posts
a GREAT big deal lol, spread definitely matters, alot.

http://www.freeforexrebates .info
Gabriel Urse (Pureprofitfx)
Jun 23 2014 at 06:36
38 posts
I agree that matters, but the most important things is the execution, meaning No requotes or Sleepage

growthera
Jun 23 2014 at 09:51
86 posts
It matters enormously. Agree with Gabriel that you must look at TOTAL spread, or whatever you prefer to call it. This is the total cost of execution. For a system that has 5 pips/trade average, and you have a total spread (read:cost) of 2.5 pips/trade, half your profit goes to the broker.

vontogr (togr)
Jun 23 2014 at 12:47
4862 posts
growthera posted:
It matters enormously. Agree with Gabriel that you must look at TOTAL spread, or whatever you prefer to call it. This is the total cost of execution. For a system that has 5 pips/trade average, and you have a total spread (read:cost) of 2.5 pips/trade, half your profit goes to the broker.


so what would be total cost?
spread + markup + commission + slippage?

growthera
Jun 23 2014 at 14:53
86 posts
yes, minus maybe some kind of rebate/cashback you may have with that broker.
What exactly do you mean by markup? Some cost on social trading websites or something else?

vontogr (togr)
Jun 23 2014 at 19:58
4862 posts
growthera posted:
yes, minus maybe some kind of rebate/cashback you may have with that broker.
What exactly do you mean by markup? Some cost on social trading websites or something else?

https://en.tradimo.com/tradipedia/markup/

buster891
Jun 24 2014 at 11:24
22 posts
I always did find it difficult to find out exactly how much % wise I am paying in total charges, spread + commission.

Pepperstone charge less commission than ICMarkets but some of their spreads are higher.
Having variable spreads makes the comparison much more difficult as the goalposts constantly move.

Swap rates are also very different on these 2 brokers.

vontogr (togr)
Jun 24 2014 at 11:30
4862 posts
buster891 posted:
I always did find it difficult to find out exactly how much % wise I am paying in total charges, spread + commission.

Pepperstone charge less commission than ICMarkets but some of their spreads are higher.
Having variable spreads makes the comparison much more difficult as the goalposts constantly move.

Swap rates are also very different on these 2 brokers.


it is quite easy you know the spread e.g. 0.2 pip and the commission 0.8
so your total cost is 1.0 pip
plus some change due to delay from trade request/trade execution - this could be both positive and negative

buster891
Jun 25 2014 at 09:24
22 posts
So for example Usd/Jpy, I have a 0.05 position open.

Commission = 23p
spread is flicking from 0.2 - 0.4 (Not sure what it was the moment I opened the trade).

Pepperstone do offer a commission free account where the spreads are larger. Apparently it is the same total cost whichever of the 2 accounts you decide use.

I do get a monthly commission rebate though from a company I signed up with a couple of years back which helps.

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