Jan 08 2021 at 09:33
What’s this all about ECN with and without commissions? My need is about getting the lowest spreads such as Alpari. Any similar options?
Jan 11 2021 at 04:53
Low spreads with high commission charges won’t do you any good.
Jan 11 2021 at 06:40
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.
Jan 11 2021 at 07:45
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?
Jan 11 2021 at 09:46
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.
Jan 12 2021 at 03:49
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.
Jan 12 2021 at 10:44
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?
Jan 12 2021 at 12:27
XM is a good choice is my opinion too.
Jan 12 2021 at 13:17
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!
Jan 12 2021 at 14:01
At the moment, with the broker Amarkets, I park on ECN with a leverage of 1: 200 and a depot from $ 200
Jan 13 2021 at 07:18
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.
Jan 13 2021 at 12:27
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.
Jan 13 2021 at 12:28
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.
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.
Jan 13 2021 at 12:47
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?
Jan 13 2021 at 13:18
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
Jan 13 2021 at 15:18
I mainly trade with broker Amarkets using an ECN account and it has the fastest order execution speed
Jan 14 2021 at 08:31
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.
Jan 14 2021 at 12:31
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.
Jan 14 2021 at 12:32
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.
Jan 20 2021 at 06:37
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.
