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ECN with and without commissions.

Mathewshayden
Jan 08 2021 at 09:33
41 příspěvků
What’s this all about ECN with and without commissions? My need is about getting the lowest spreads such as Alpari. Any similar options?

Mikehussey
Jan 11 2021 at 04:53
58 příspěvků
Low spreads with high commission charges won’t do you any good.

williamhayes
Jan 11 2021 at 06:40
39 příspěvků
Look into all aspects when choosing a broker. Commissions, spreads, trade size, trading capital requirement, all are important criteria to look at. Ignoring even 1 can cost you. After some experience even leverage is going to be a deciding factor while trading.

Jude_craig
Jan 11 2021 at 07:45
81 příspěvků
williamhayes posted:
Look into all aspects when choosing a broker. Commissions, spreads, trade size, trading capital requirement, all are important criteria to look at. Ignoring even 1 can cost you. After some experience even leverage is going to be a deciding factor while trading.

How much leverage do you suggest trading with? How much do you use?

first_time
Jan 11 2021 at 09:46
73 příspěvků
Fxview is the one. Basically with no commission brokers, you'd find spreads to be higher than usual. so people usually prefer low spreads and low commissions kinda deal. Since you are into low spreads, I don't think no commission broker would be your thing.

Harshalgibbs
Jan 12 2021 at 03:49
54 příspěvků
If you are like me (someone just starting out) go for a low commission broker, feels nice when at the beginning of your trading journey you are able to save a bit of money. Won’t be possible when per trade you will have to pay a lot. With Alpari (my previous broker) I was paying $1.5 per lot. Currently I am using Fxview and XM and they seem reasonable to me. Spreads with both are low, starting from 0 pips. However don’t expect 0 pips at all times.

Mathewshayden
Jan 12 2021 at 10:44
41 příspěvků
Harshalgibbs posted:
If you are like me (someone just starting out) go for a low commission broker, feels nice when at the beginning of your trading journey you are able to save a bit of money. Won’t be possible when per trade you will have to pay a lot. With Alpari (my previous broker) I was paying $1.5 per lot. Currently I am using Fxview and XM and they seem reasonable to me. Spreads with both are low, starting from 0 pips. However don’t expect 0 pips at all times.

Even from those offering 0 spread accounts?

yana hansen (78678676)
Jan 12 2021 at 12:27
137 příspěvků
XM is a good choice is my opinion too.

Mathewshayden
Jan 12 2021 at 13:17
41 příspěvků
first_time posted:
Fxview is the one. Basically with no commission brokers, you'd find spreads to be higher than usual. so people usually prefer low spreads and low commissions kinda deal. Since you are into low spreads, I don't think no commission broker would be your thing.

 Ya I definitely do not want to be paying a very high spread cost if that’s what a no-commission broker’s gonna give me. What are fxview’s commission cost? Also how’s the interface, I can’t be bothered with very complex systems!

Aurisida
Jan 12 2021 at 14:01
46 příspěvků
At the moment, with the broker Amarkets, I park on ECN with a leverage of 1: 200 and a depot from $ 200

richard2
Jan 13 2021 at 07:18
38 příspěvků
Mathewshayden posted:
first_time posted:
Fxview is the one. Basically with no commission brokers, you'd find spreads to be higher than usual. so people usually prefer low spreads and low commissions kinda deal. Since you are into low spreads, I don't think no commission broker would be your thing.

 Ya I definitely do not want to be paying a very high spread cost if that’s what a no-commission broker’s gonna give me. What are fxview’s commission cost? Also how’s the interface, I can’t be bothered with very complex systems!

Commissions are minimal only $2/100k rt, for trading platform I use mt4 my all time fav, also, acttrader has good interface. You can open demo and try.

Markwoods
Jan 13 2021 at 12:27
26 příspěvků
Brokers offering these accounts are either STP or ECN account brokers. More often ECN because the liquidity is high. And they can afford to give 0 spreads.

Garrychris554
Jan 13 2021 at 12:28
27 příspěvků
Alpari is good, spreads like you mentioned are the lowest, and leverage is mind blowing, although idk if anybody even uses 2000:1. Disclaimer: for very experienced traders only.
Up to 500:1 is okay, you will find most known brokers generally offering this much. Ones I have used in the past are ic markets and fxview. Both again low spread brokers. But I’m more of a broker-hopper. Now trying out forexbrew and qtrade.

Mathewshayden
Jan 13 2021 at 12:47
41 příspěvků
Aurisida posted:
At the moment, with the broker Amarkets, I park on ECN with a leverage of 1: 200 and a depot from $ 200

What are the spreads on the major pairs with them?

vontogr (togr)
Jan 13 2021 at 13:18
4862 příspěvků

Mathewshayden posted:
What’s this all about ECN with and without commissions? My need is about getting the lowest spreads such as Alpari. Any similar options?

True ECN always come with commissions. When broker makes almost no profit on spread he has to do it via commissions

Hrenz
Jan 13 2021 at 15:18
38 příspěvků
I mainly trade with broker Amarkets using an ECN account and it has the fastest order execution speed

yana hansen (78678676)
Jan 14 2021 at 08:31
137 příspěvků
richard2 posted:
Mathewshayden posted:
first_time posted:
Fxview is the one. Basically with no commission brokers, you'd find spreads to be higher than usual. so people usually prefer low spreads and low commissions kinda deal. Since you are into low spreads, I don't think no commission broker would be your thing.

 Ya I definitely do not want to be paying a very high spread cost if that’s what a no-commission broker’s gonna give me. What are fxview’s commission cost? Also how’s the interface, I can’t be bothered with very complex systems!

Commissions are minimal only $2/100k rt, for trading platform I use mt4 my all time fav, also, acttrader has good interface. You can open demo and try.

Thank you for sharing this information. It is actually quite good.

Mathewshayden
Jan 14 2021 at 12:31
41 příspěvků
richard2 posted:
Mathewshayden posted:
first_time posted:
Fxview is the one. Basically with no commission brokers, you'd find spreads to be higher than usual. so people usually prefer low spreads and low commissions kinda deal. Since you are into low spreads, I don't think no commission broker would be your thing.

 Ya I definitely do not want to be paying a very high spread cost if that’s what a no-commission broker’s gonna give me. What are fxview’s commission cost? Also how’s the interface, I can’t be bothered with very complex systems!

Commissions are minimal only $2/100k rt, for trading platform I use mt4 my all time fav, also, acttrader has good interface. You can open demo and try.

Thanks, will check it out.

Mathewshayden
Jan 14 2021 at 12:32
41 příspěvků
togr posted:

Mathewshayden posted:
What’s this all about ECN with and without commissions? My need is about getting the lowest spreads such as Alpari. Any similar options?

True ECN always come with commissions. When broker makes almost no profit on spread he has to do it via commissions

That is some food for thought, nothing comes for free after all.

williamhayes
Jan 20 2021 at 06:37
39 příspěvků
Jude_craig posted:
williamhayes posted:
Look into all aspects when choosing a broker. Commissions, spreads, trade size, trading capital requirement, all are important criteria to look at. Ignoring even 1 can cost you. After some experience even leverage is going to be a deciding factor while trading.

How much leverage do you suggest trading with? How much do you use?

I use different leverage with different brokers FXTM, FP Markets. As to how much anyone should use: I would say that should depend on how much experience you hold (for right predictions) and how much you are willing to risk. Starting with no more than 5:1 seems right, which eventually must be increased.

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