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Commission fees spread
Dec 24, 2022 at 06:24
Member Since Dec 24, 2022
4 posts
Hello to all of you,
I've been trading crypto for a few years, mainly in scalping. It works pretty well for me since I've been living from trading for almost 5 years.
I've been interested in Forex for a few months now and I've been reading a lot.
I created a demo account and it works well too, nice gains (of course a little false since it does not take into account the fees)
I want to move to a real account but I have some questions about fees, ...
I have contacted a few brokers but I have the impression that the answer is not complete.
I have contacted blueberrymarkets and they tell me that they charge $7 per $100,000 of position. Is this correct?
Regarding the spread, I could not get a clear answer from them.
Do I have to pay the spread in addition to the $7 per $100,000?
Is there a difference in fees (more expensive or cheaper) if I take a market position?
Do all brokers work the same way?
Which one do you recommend to start? I would like to put 1.000$ and possibility of leverage 50 or 100. I trade in crypto with leverage 50.
Thank you in advance for your answers.
I've been trading crypto for a few years, mainly in scalping. It works pretty well for me since I've been living from trading for almost 5 years.
I've been interested in Forex for a few months now and I've been reading a lot.
I created a demo account and it works well too, nice gains (of course a little false since it does not take into account the fees)
I want to move to a real account but I have some questions about fees, ...
I have contacted a few brokers but I have the impression that the answer is not complete.
I have contacted blueberrymarkets and they tell me that they charge $7 per $100,000 of position. Is this correct?
Regarding the spread, I could not get a clear answer from them.
Do I have to pay the spread in addition to the $7 per $100,000?
Is there a difference in fees (more expensive or cheaper) if I take a market position?
Do all brokers work the same way?
Which one do you recommend to start? I would like to put 1.000$ and possibility of leverage 50 or 100. I trade in crypto with leverage 50.
Thank you in advance for your answers.
Member Since Aug 05, 2021
401 posts
Dec 26, 2022 at 15:31
Member Since Aug 05, 2021
401 posts
They wouldn't give you any information about their spreads? I can't say much about blueberry markets as I've never used them personally.
I trade with CedarFX, they don't charge commission and only have spreads (which are relatively low), so I suppose it could be said that it's easier to track those costs without having to keep up with both.
I trade with CedarFX, they don't charge commission and only have spreads (which are relatively low), so I suppose it could be said that it's easier to track those costs without having to keep up with both.
Member Since May 05, 2022
20 posts
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