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Which broker is better
Mitglied seit May 27, 2021
56 Posts
Mar 16, 2022 at 05:48
Mitglied seit May 27, 2021
56 Posts
Jamerson posted:
I have shortlisted a few of the brokers to get started with LiveTrading based on the spreads and lower commissions: Global Prime, MFX, and FP Markets.
Since I mainly trade intraday, Which of these would be best suitable for scalping?
Among these, the spreads of global prime seem quite low as I just checked, apart from them there's fxview, whose spreads and commissions($2 rt) fit well for scalping. So I would suggest checking them too.
Apr 06, 2022 at 11:41
Mitglied seit Mar 23, 2020
63 Posts
CocoChannel posted:Jamerson posted:
I have shortlisted a few of the brokers to get started with LiveTrading based on the spreads and lower commissions: Global Prime, MFX, and FP Markets.
Since I mainly trade intraday, Which of these would be best suitable for scalping?
Among these, the spreads of global prime seem quite low as I just checked, apart from them there's fxview, whose spreads and commissions($2 rt) fit well for scalping. So I would suggest checking them too.
Can vouch for fxview, one of the solid brokers I've ever used. You can also go for HYCM as well, tho their commission is $4 RT
Mitglied seit Jun 12, 2021
132 Posts
Apr 29, 2022 at 06:58
Mitglied seit May 31, 2021
44 Posts
Hey Jamerson, If you are still looking for a suitable broker, I suggest FP Markets over the other two, not because they are bad.
It is because FP Markets provides better trading conditions with a lower commission cost of $3 per lot and has over 10,000 different instruments to trade global stocks and commodities.
It is because FP Markets provides better trading conditions with a lower commission cost of $3 per lot and has over 10,000 different instruments to trade global stocks and commodities.
May 02, 2022 at 07:35
Mitglied seit Jan 14, 2021
47 Posts
I prefer trading with Skilling or FP Markets because they are very suitable for scalpers such as me who require tighter spreads and lower commission costs.
The spreads average 0.0 pips in both brokers' and the commission cost for Skilling is $7 per turn lot and $6 for FP Markets.
The spreads average 0.0 pips in both brokers' and the commission cost for Skilling is $7 per turn lot and $6 for FP Markets.
Mitglied seit Aug 05, 2021
394 Posts
Mitglied seit Jan 11, 2022
45 Posts
Mitglied seit Mar 07, 2022
9 Posts
Mitglied seit May 11, 2022
6 Posts
Mitglied seit May 11, 2022
6 Posts
May 17, 2022 at 14:13
Mitglied seit May 11, 2022
6 Posts
ElijahM posted:
From the comments, I can see ICM and FP Markets are the most used. I trade with FP markets mostly because of its lower commission cost, which is $3 per lot, and they have over 10,000 different instruments to trade global stocks and commodities.
Etoro is not a good broker when it comes to day trading. Too high costs and slow servers (which often fail at short notice when there are strong movements). If you trade stocks on a daily or weekly basis, Etoro is perfectly fine.
More than 10.00 values that you can trade is not a quality feature. In general, you should decide whether you want to trade currencies, commodities, etc. Because these behave very differently from one another.
A last aspect is the slippage, which can partly be present from the broker side, which is why you should take a closer look there too (I'm not talking about the spread).
At the end of the day, everyone has to see for themselves what suits them personally. Therefore you should look at different brokers and then decide (test real money accounts and no demo accounts).
Mitglied seit Jun 26, 2020
323 Posts
May 31, 2022 at 09:11
Mitglied seit Apr 02, 2020
34 Posts
I can see some good brokers and I recommend trading with FP Markets because, in my opinion, the spreads and commission costs are some of the lowest.
The spreads began at 0.0 pips in most major pairs, and the commission cost per round lot is only $6.
The spreads began at 0.0 pips in most major pairs, and the commission cost per round lot is only $6.
Mitglied seit Jan 13, 2021
50 Posts
Jun 13, 2022 at 16:10
Mitglied seit Jan 13, 2021
50 Posts
Jamerson posted:
I have shortlisted a few of the brokers to get started with LiveTrading based on the spreads and lower commissions: Global Prime, MFX, and FP Markets.
Since I mainly trade intraday, Which of these would be best suitable for scalping?
I would say neither as not heard or used them
Mitglied seit Apr 09, 2019
516 Posts
Mitglied seit Jul 06, 2022
23 Posts
Mitglied seit Oct 27, 2020
16 Posts

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