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My concern on lot commissions

Membre depuis Jun 30, 2020   posts 47
Jan 27, 2021 at 09:51
richardmarcus posted:
Gleywilleyy posted:
Hey, the answer is simple. Just look for a low commission broker that is also regulated and has good trading conditions.
True that do u know any??
I find fxtm and fxview to be quite alright. Using them for the low commission charges and spreads. Fxview is charging me $2 and fxtmn $4 for entry and exit. And as per slippage, the platform's quite balanced, I’m using MT4.
Membre depuis Oct 23, 2020   posts 37
Jan 27, 2021 at 11:17
advancedsmifser posted:
Is anyone here using a no-commission broker?
I have used IB in the past which did not charge any commission earlier, can’t say now. But their minimum deposit is a bit high for many traders.
Membre depuis Oct 16, 2020   posts 137
Jan 28, 2021 at 07:03
Jakemark posted:
advancedsmifser posted:
Is anyone here using a no-commission broker?
I have used IB in the past which did not charge any commission earlier, can’t say now. But their minimum deposit is a bit high for many traders.
Higher minimum deposit kills the purpose, don't you think so?
Membre depuis Sep 30, 2020   posts 58
Jan 28, 2021 at 09:24
Jakemark posted:
advancedsmifser posted:
Is anyone here using a no-commission broker?
I have used IB in the past which did not charge any commission earlier, can’t say now. But their minimum deposit is a bit high for many traders.
And also one needs to trade a certain volume to get the discount (0 commission trades).
Membre depuis Oct 29, 2020   posts 35
Jan 28, 2021 at 10:56
Gleywilleyy posted:
richardmarcus posted:
Gleywilleyy posted:
Hey, the answer is simple. Just look for a low commission broker that is also regulated and has good trading conditions.
True that do u know any??
I find fxtm and fxview to be quite alright. Using them for the low commission charges and spreads. Fxview is charging me $2 and fxtmn $4 for entry and exit. And as per slippage, the platform's quite balanced, I’m using MT4.
$2 is very reasonable, any other fees that they charge?
Membre depuis Aug 14, 2020   posts 40
Jan 28, 2021 at 12:01
advancedsmifser posted:
$2 is very reasonable, any other fees that they charge?
No, didn't find any other charges as such, been trading with them for a while.
Membre depuis Oct 23, 2020   posts 37
Jan 28, 2021 at 13:26
Jakemark posted:
advancedsmifser posted:
Is anyone here using a no-commission broker?
I have used IB in the past which did not charge any commission earlier, can’t say now. But their minimum deposit is a bit high for many traders.
It’s not easy on the pocket but the options they give for base currencies are unique.
Membre depuis Oct 23, 2020   posts 37
Jan 28, 2021 at 13:29
The best thing you can do is create many different demo accounts and compare what each one offers.
Membre depuis Jul 19, 2020   posts 318
Jan 28, 2021 at 17:56
Scalping strategy is widely used by the new traders to make money quickly. Yes, it is risky if you don't have any knowledge about this.
Membre depuis Oct 07, 2020   posts 104
Jan 29, 2021 at 04:07
Gleywilleyy posted:
richardmarcus posted:
Gleywilleyy posted:
Hey, the answer is simple. Just look for a low commission broker that is also regulated and has good trading conditions.
True that do u know any??
I find fxtm and fxview to be quite alright. Using them for the low commission charges and spreads. Fxview is charging me $2 and fxtmn $4 for entry and exit. And as per slippage, the platform's quite balanced, I’m using MT4.
Surely ill check these brokers
Membre depuis Oct 29, 2020   posts 35
Jan 29, 2021 at 10:08
78678676 posted:
Jakemark posted:
advancedsmifser posted:
Is anyone here using a no-commission broker?
I have used IB in the past which did not charge any commission earlier, can’t say now. But their minimum deposit is a bit high for many traders.
Higher minimum deposit kills the purpose, don't you think so?
For someone with a lot of capital to invest they’ll be alright I guess, unfortunately I’m not one of them
Membre depuis Oct 29, 2020   posts 35
Jan 29, 2021 at 10:19
GeorgeBischof posted:
Scalping strategy is widely used by the new traders to make money quickly. Yes, it is risky if you don't have any knowledge about this.
I completely agree, and I think that would be true for any strategy.
Membre depuis Nov 05, 2020   posts 23
Feb 01, 2021 at 12:15
advancedsmifser posted:
Gleywilleyy posted:
richardmarcus posted:
Gleywilleyy posted:
Hey, the answer is simple. Just look for a low commission broker that is also regulated and has good trading conditions.
True that do u know any??
I find fxtm and fxview to be quite alright. Using them for the low commission charges and spreads. Fxview is charging me $2 and fxtmn $4 for entry and exit. And as per slippage, the platform's quite balanced, I’m using MT4.
$2 is very reasonable, any other fees that they charge?
No, I have been using Fxview for awhile and I didn’t face any surprises as such. I get low spreads too so that’s another plus. I don’t even get charged for withdrawals with fxview. Some other options you can explore are IB, Pepperstone, Amarkets, etc.
Membre depuis Oct 29, 2020   posts 35
Feb 02, 2021 at 11:55
Christopher332 posted:
advancedsmifser posted:
Gleywilleyy posted:
richardmarcus posted:
Gleywilleyy posted:
Hey, the answer is simple. Just look for a low commission broker that is also regulated and has good trading conditions.
True that do u know any??
I find fxtm and fxview to be quite alright. Using them for the low commission charges and spreads. Fxview is charging me $2 and fxtmn $4 for entry and exit. And as per slippage, the platform's quite balanced, I’m using MT4.
$2 is very reasonable, any other fees that they charge?
No, I have been using Fxview for awhile and I didn’t face any surprises as such. I get low spreads too so that’s another plus. I don’t even get charged for withdrawals with fxview. Some other options you can explore are IB, Pepperstone, Amarkets, etc.
Alright, thanks.
Membre depuis Nov 17, 2020   posts 20
Feb 03, 2021 at 06:39
Jakemark posted:
The best thing you can do is create many different demo accounts and compare what each one offers.
Demo accounts are the only way to know what you are getting into, even micro accounts can help for a more real-like scenario.
Membre depuis Sep 30, 2020   posts 58
Feb 04, 2021 at 04:09
I think it is better to get an idea of how forex works before starting out. Having the right knowledge can really make a big difference, if you ask me.
Membre depuis Oct 01, 2020   posts 37
Feb 04, 2021 at 06:21
@Mike Yes, demo accounts have worked well for me too. They are easy to set up and there is no hassle with them. It feels good to get an idea of some trades before executing them on a live account.
Membre depuis Nov 07, 2020   posts 22
Feb 05, 2021 at 05:28
Christopher332 posted:
advancedsmifser posted:
Gleywilleyy posted:
richardmarcus posted:
Gleywilleyy posted:
Hey, the answer is simple. Just look for a low commission broker that is also regulated and has good trading conditions.
True that do u know any??
I find fxtm and fxview to be quite alright. Using them for the low commission charges and spreads. Fxview is charging me $2 and fxtmn $4 for entry and exit. And as per slippage, the platform's quite balanced, I’m using MT4.
$2 is very reasonable, any other fees that they charge?
No, I have been using Fxview for awhile and I didn’t face any surprises as such. I get low spreads too so that’s another plus. I don’t even get charged for withdrawals with fxview. Some other options you can explore are IB, Pepperstone, Amarkets, etc.
That’s right and I’ve been using Forextime along with Fxview too. The commissions are okay and there is some advantage with the withdrawals.That’s all I really want. Works for me.
Membre depuis Sep 30, 2020   posts 58
Feb 05, 2021 at 07:30
Yeah, no one can move forward in forex without a proper learning base.
Membre depuis Nov 12, 2020   posts 23
Feb 05, 2021 at 09:58
I think commissions and spreads are very important in our trades because they will decide how much profit we will take home in the pocket. This is a common newbie mistake that they gain only half knowledge.
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