Raw Spread or standard account?
Jun 15, 2020 at 17:49
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?
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?
Jun 21, 2020 at 15:08
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...
Jun 22, 2020 at 04:04
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.
Member Since Jan 05, 2020
16 posts
Jun 23, 2020 at 16:01
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.
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.
Member Since Jul 09, 2020
4 posts
Jul 09, 2020 at 09:48
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.
Jul 09, 2020 at 10:11
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.
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.
Jul 09, 2020 at 10:39
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
Jul 09, 2020 at 10:39
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
Jul 09, 2020 at 10:40
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?
Jul 09, 2020 at 10:41
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.
Member Since May 15, 2020
8 posts
Jul 13, 2020 at 10:47
Raw spreads definitely.
Member Since May 08, 2018
10 posts
Jul 13, 2020 at 12:05
I like the security and fixed spreads. I know what I am getting and can calculate accordingly
Jul 14, 2020 at 16:12
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.
Member Since Aug 05, 2019
50 posts
Aug 04, 2020 at 07:26
markt27 posted: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.
yes, I am looking at icmarkets at $3.50 a lot. Do you think brokers would take less $ per lot?
vontogr (togr)
Member Since Feb 22, 2011
4862 posts
Aug 04, 2020 at 07:29
Raw spreads equal to zero very often https://bit.ly/3cooIU6
Aug 19, 2020 at 11:05
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.
Aug 19, 2020 at 18:01
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
Aug 19, 2020 at 18:02
togr posted:
Raw spreads equal to zero very often https://bit.ly/3cooIU6
thank you
Aug 19, 2020 at 18:02
jaredtaylor posted:markt27 posted: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.
yes, I am looking at icmarkets at $3.50 a lot. Do you think brokers would take less $ per lot?
thank you
