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Raw Spread or standard account?

markt27
Jun 15 2020 at 17:49
12 posts
I would like to gainer peoples thoughts on the most cost effective broker / spreads / commissions.
Particularly icmarkets or similar.
Experience on LIVE accounts, day trading (not HFT), but entries from m15 to h4.
What is best? Raw spreads with cost per lot or standard account with commission built in to spread?
thanks for feedback?
Also anyone know Prime of Prime brokers that look at retails traders using mt4/mt5?
Gavik
Jun 21 2020 at 15:08
18 posts
To be honest, raw spreads are much lower than standard or fixed spreads, but in order to use it profitably - you need to be well oriented in the market and be able to make calculations correctly, so that you can have several trades in parallel and it is safe...
markt27
Jun 21 2020 at 15:16
12 posts
rickyb
Jun 22 2020 at 04:04
83 posts
raw spread for major pairs; maybe look at fixed for some minor pairs..was paying over 50 pips spread on gbp/nzd live account on good broker .tickmill early this year when market was moving.raw speads can be wide on majors too ;but not often and mostly below 10 pips.
Shalilbine
Jun 23 2020 at 16:01
16 posts
I think a lot depends on your strategy and experience, because universal rules are not the best option in the market.
To determine what suits you, it is worth trying different directions and approaches, with small amounts of money, naturally, so that it is safe in all circumstances.
Paulbraighte
Jul 09 2020 at 09:48
4 posts
Raw spread and standard accounts are quite similar but one factor that you can distinguish them is Standard a/cs have no commission fee whereas raw spread accounts have moderate fees.
5astelija
Jul 09 2020 at 10:11
54 posts
With raw spreads, you have the best conditions the overall market has to offer.
With standard account, you have the best conditions your broker has to offer - this usually means less variation in the spread. You have to pay extra for this safety, though.

I'd choose raw spreads.
markt27
Jul 09 2020 at 10:39
12 posts
rickyb posted:
raw spread for major pairs; maybe look at fixed for some minor pairs..was paying over 50 pips spread on gbp/nzd live account on good broker .tickmill early this year when market was moving.raw speads can be wide on majors too ;but not often and mostly below 10 pips.

thank you rickyb
markt27
Jul 09 2020 at 10:39
12 posts
Shalilbine posted:
I think a lot depends on your strategy and experience, because universal rules are not the best option in the market.
To determine what suits you, it is worth trying different directions and approaches, with small amounts of money, naturally, so that it is safe in all circumstances.

thank you for your comments
markt27
Jul 09 2020 at 10:40
12 posts
Paulbraighte posted:
Raw spread and standard accounts are quite similar but one factor that you can distinguish them is Standard a/cs have no commission fee whereas raw spread accounts have moderate fees.

yes, I am looking at icmarkets at $3.50 a lot. Do you think brokers would take less $ per lot?
markt27
Jul 09 2020 at 10:41
12 posts
5astelija posted:
With raw spreads, you have the best conditions the overall market has to offer.
With standard account, you have the best conditions your broker has to offer - this usually means less variation in the spread. You have to pay extra for this safety, though.

I'd choose raw spreads.

thank you. Most people suggesting raw spreads.
divinamarine
Jul 13 2020 at 10:47
8 posts
Raw spreads definitely.
FindingNedo
Jul 13 2020 at 12:05
10 posts
I like the security and fixed spreads. I know what I am getting and can calculate accordingly
Betty_60
Jul 14 2020 at 11:06
41 posts
markt27 posted:
yes, I am looking at icmarkets at $3.50 a lot. Do you think brokers would take less $ per lot?
This $3.5 is one side. Overall one trade will cost you about $7. Same is the case with pepperstone and fxpro. Fxview is one broker who I know charges less, $1 per side. So overall one trade will cost you $2 with them.
5astelija
Jul 14 2020 at 16:12
54 posts
Some bucket shops will offer lower commissions to lure in more users, but you will always take (a huge) risk going with an unknown broker. Swaps also make a difference. For example, FXTM offers $2 commissions compared to ICMarkets $3.5, but actually they rob you via swaps so that ICM will be more cost-effective.
jaredtaylor
Aug 04 2020 at 07:26
50 posts
markt27 posted:
yes, I am looking at icmarkets at $3.50 a lot. Do you think brokers would take less $ per lot?
Yes, there are brokers who take less $ per lot. I know some brokers like turnkey forex, fxtm, tradersway and also fxchoice. You can check these.
vontogr (togr)
Aug 04 2020 at 07:29
4862 posts
Raw spreads equal to zero very often https://bit.ly/3cooIU6
Michihito
Aug 19 2020 at 11:05
298 posts
I personally like raw spreads, to me it seems the lowest. Most of the time it's zero pips. Standard account has fixed spreads . And it varies broker to broker. It's about what you personally feel comfortable. If you like raw spreads go for it or vice versa.
markt27
Aug 19 2020 at 18:01
12 posts
Michihito posted:
I personally like raw spreads, to me it seems the lowest. Most of the time it's zero pips. Standard account has fixed spreads . And it varies broker to broker. It's about what you personally feel comfortable. If you like raw spreads go for it or vice versa.

thank you Michihito
markt27
Aug 19 2020 at 18:02
12 posts
togr posted:
Raw spreads equal to zero very often https://bit.ly/3cooIU6

thank you
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