I gave 1000% in commission to my broker last week and you ?

Mar 24, 2019 at 22:09
Przeglądane 1,558
29 Replies
Uczestnik z Jan 28, 2013   43 postów
Mar 24, 2019 at 22:09

I just made some computation...last week for 100'000 USD, i gave 3'000 USD to (severals brokers for a 300 USD of gain...waghh it's 1000 % of commission. The spread is just killing all rentability.

How a business can continue to be sustainable when you are cheating so high your(s) client(s) ?
Clever and Smart Trading
Uczestnik z Mar 12, 2019   8 postów
Mar 25, 2019 at 12:06
hey at least you made a $300 gain. That is a lot more than most people do. You should probably change broker to one that has lower spreads. Save yourself $1000 bucks
Uczestnik z Apr 18, 2017   920 postów
Mar 25, 2019 at 12:09
That’s why we traders need to know with the details on brokers reading feature before investing such kind of big investment.
Uczestnik z Jan 31, 2017   200 postów
Mar 25, 2019 at 15:26
thirdbrainsa posted:

I just made some computation...last week for 100'000 USD, i gave 3'000 USD to (severals brokers for a 300 USD of gain...waghh it's 1000 % of commission. The spread is just killing all rentability.

How a business can continue to be sustainable when you are cheating so high your(s) client(s) ?

what are you brokers ?
Trading system developers and strategy providers.
Uczestnik z Apr 18, 2017   920 postów
Mar 26, 2019 at 06:45
AdebayoTheBest posted:
hey at least you made a $300 gain. That is a lot more than most people do. You should probably change broker to one that has lower spreads. Save yourself $1000 bucks

Same opinion from me; these types of broker are very costly to use! Don’t know why till now he is using that broker.
Uczestnik z Jan 28, 2013   43 postów
Mar 26, 2019 at 09:35 (edytowane Mar 26, 2019 at 09:37)
It's not depend on brokers...i have exactly the same stats for dozens and dozens of brokers -

All our client are using different kind of brokers --- with 2'00'000 USD 'live' running with our EA - we can see what happens and the figure are really high. I don't want to point 'brokers' : they are all the same.

All broker are doing exactly the same job.

When you give 1 pips , 2 pips, 3 pips by trades....you are giving money each time

It's the whole system which is just 'cheated' because commissions are too high

Clever and Smart Trading
Uczestnik z Apr 18, 2017   718 postów
Apr 28, 2019 at 12:05
thirdbrainsa posted:
It's not depend on brokers...i have exactly the same stats for dozens and dozens of brokers -

All our client are using different kind of brokers --- with 2'00'000 USD 'live' running with our EA - we can see what happens and the figure are really high. I don't want to point 'brokers' : they are all the same.

All broker are doing exactly the same job.

When you give 1 pips , 2 pips, 3 pips by trades....you are giving money each time

It's the whole system which is just 'cheated' because commissions are too high


Yes, that’s the business policy! Whatever; I am comfortable with narrowest trading spread instead of commission.
Uczestnik z Sep 19, 2018   27 postów
Apr 29, 2019 at 09:07
Hello
Brokers spreads this day's are at the lowest, and some of them offer from 0.1 pip it means you pay 1 dollar for a 100,000 USD. Trade I dare you to find me a traditional broker that offer spreads that low.

the reason you don't see much profit is that your trading strategy is probably bearly profitable enough to overcome the spread, sound like a nice money management EA system that generates a lot of volumes and close to 50 / 50 winner/loser trades

Best regards
SublimeMarkets on Facebook too
Uczestnik z Feb 22, 2011   4862 postów
Apr 29, 2019 at 10:58
thirdbrainsa posted:
It's not depend on brokers...i have exactly the same stats for dozens and dozens of brokers -

All our client are using different kind of brokers --- with 2'00'000 USD 'live' running with our EA - we can see what happens and the figure are really high. I don't want to point 'brokers' : they are all the same.

All broker are doing exactly the same job.

When you give 1 pips , 2 pips, 3 pips by trades....you are giving money each time

It's the whole system which is just 'cheated' because commissions are too high


I guess you are getting it all wrong.
Broker with low spread simply cannot charge you 10 times the profit.
That is nonsense
Uczestnik z Aug 27, 2017   994 postów
Apr 29, 2019 at 13:45
sublimemarkets posted:
Hello
Brokers spreads this day's are at the lowest, and some of them offer from 0.1 pip it means you pay 1 dollar for a 100,000 USD. Trade I dare you to find me a traditional broker that offer spreads that low.

the reason you don't see much profit is that your trading strategy is probably bearly profitable enough to overcome the spread, sound like a nice money management EA system that generates a lot of volumes and close to 50 / 50 winner/loser trades

Best regards

Here; trading skill the key; when a trader is doing live trading with a standard trading skill; then nothing is impossible here! Even, he doesn’t need any additional help like bonus or big leverage.
Uczestnik z Dec 12, 2019   18 postów
Jan 26, 2020 at 14:38
I assuming from your information that your broker is very very reliable anyway on basically each aspect of your life. You can divide your cash and go with less strict on rules brokers in order to earn even more over time... try this later please.
Uczestnik z Feb 22, 2011   4862 postów
Jan 27, 2020 at 08:06
thirdbrainsa posted:

I just made some computation...last week for 100'000 USD, i gave 3'000 USD to (severals brokers for a 300 USD of gain...waghh it's 1000 % of commission. The spread is just killing all rentability.

How a business can continue to be sustainable when you are cheating so high your(s) client(s) ?
If you gave $3,000 for $100,000 it is only 3%.
It is up to you to make some profit out of that 1 lot = $100,000.
Moreover on my broker comission for trading one lot is $55 and zero spread.
So comission og your broker is $3000 for 1 lot? That is nonsense.
Uczestnik z Sep 03, 2019   10 postów
Jan 27, 2020 at 15:44
What broker do you use? Sounds like it is very competitive
Uczestnik z Jul 29, 2019   9 postów
Jan 27, 2020 at 23:45
thirdbrainsa posted:

I just made some computation...last week for 100'000 USD, i gave 3'000 USD to (severals brokers for a 300 USD of gain...waghh it's 1000 % of commission. The spread is just killing all rentability.

How a business can continue to be sustainable when you are cheating so high your(s) client(s) ?

Those numbers don't make any sense, unless you do some arbitrage trading or crazy scalping for 1-2 pips at a time. In that case, don't blame the broker.
I am on the market for 10+ years and still learning and still analyzing every trade and still working on improvements.
Uczestnik z Feb 22, 2011   4862 postów
Jan 28, 2020 at 13:56
birthtamper posted:
What broker do you use? Sounds like it is very competitive
Nope it seems like his broker is charging $3,000 per lot comission
While on my broker it is $55.
That is not competitive but robberry.
Uczestnik z Dec 19, 2019   69 postów
Jan 28, 2020 at 18:31
I don't pay any commission ,just overnight positions and spread ,I even get dividends on some stocks .plus a useful screening tool .
Strength and honor.
Uczestnik z Aug 27, 2017   994 postów
Jan 29, 2020 at 07:38
Marketmultitool posted:
I don't pay any commission ,just overnight positions and spread ,I even get dividends on some stocks .plus a useful screening tool .

I fee; trading spread is much logical than the commission system! This is why, I use trading spread based trading platform.
Uczestnik z Sep 04, 2019   10 postów
Jan 29, 2020 at 12:20
togr posted:
birthtamper posted:
What broker do you use? Sounds like it is very competitive
Nope it seems like his broker is charging $3,000 per lot comission
While on my broker it is $55.
That is not competitive but robberry.

So which broker do you use?
Uczestnik z Feb 22, 2011   4862 postów
Jan 30, 2020 at 10:59
cravenprofession posted:
togr posted:
birthtamper posted:
What broker do you use? Sounds like it is very competitive
Nope it seems like his broker is charging $3,000 per lot comission
While on my broker it is $55.
That is not competitive but robberry.

So which broker do you use?
https://bit.ly/2GBMWfW
Uczestnik z Feb 22, 2011   4862 postów
Jan 30, 2020 at 13:41
togr posted:
thirdbrainsa posted:

I just made some computation...last week for 100'000 USD, i gave 3'000 USD to (severals brokers for a 300 USD of gain...waghh it's 1000 % of commission. The spread is just killing all rentability.

How a business can continue to be sustainable when you are cheating so high your(s) client(s) ?
If you gave $3,000 for $100,000 it is only 3%.
It is up to you to make some profit out of that 1 lot = $100,000.
Moreover on my broker comission for trading one lot is $55 and zero spread.
So comission og your broker is $3000 for 1 lot? That is nonsense.
It is actually $5.5 per lot
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