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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
12 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
15 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?

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