Raw Spread or standard account?

Jun 15, 2020 at 17:49
Przeglądane 12,051
22 Replies
Uczestnik z Jun 15, 2020   12 postów
Jun 15, 2020 at 17:49
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?
Uczestnik z Apr 28, 2020   18 postów
Jun 21, 2020 at 15:08
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...
Uczestnik z Jun 15, 2020   12 postów
Jun 21, 2020 at 15:16
thank you Gavik
Uczestnik z Oct 23, 2014   83 postów
Jun 22, 2020 at 04:04
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.
Uczestnik z Jan 05, 2020   16 postów
Jun 23, 2020 at 16:01
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.
Uczestnik z Jul 09, 2020   4 postów
Jul 09, 2020 at 09:48
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.
Uczestnik z Oct 15, 2014   54 postów
Jul 09, 2020 at 10:11
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.
Uczestnik z Jun 15, 2020   12 postów
Jul 09, 2020 at 10:39
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
Uczestnik z Jun 15, 2020   12 postów
Jul 09, 2020 at 10:39
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
Uczestnik z Jun 15, 2020   12 postów
Jul 09, 2020 at 10:40
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?
Uczestnik z Jun 15, 2020   12 postów
Jul 09, 2020 at 10:41
5astelija posted:
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.

thank you. Most people suggesting raw spreads.
Uczestnik z May 15, 2020   8 postów
Jul 13, 2020 at 10:47
Raw spreads definitely.
Uczestnik z May 08, 2018   10 postów
Jul 13, 2020 at 12:05
I like the security and fixed spreads. I know what I am getting and can calculate accordingly
Uczestnik z Oct 15, 2014   54 postów
Jul 14, 2020 at 16:12
Some bucket shops will offer lower commissions to lure in more users, but you will always take (a huge) risk going with an unknown broker. Swaps also make a difference. For example, FXTM offers $2 commissions compared to ICMarkets $3.5, but actually they rob you via swaps so that ICM will be more cost-effective.
Uczestnik z Aug 05, 2019   50 postów
Aug 04, 2020 at 07:26
markt27 posted:
yes, I am looking at icmarkets at $3.50 a lot. Do you think brokers would take less $ per lot?
Yes, there are brokers who take less $ per lot. I know some brokers like turnkey forex, fxtm, tradersway and also fxchoice. You can check these.
Uczestnik z Feb 22, 2011   4862 postów
Aug 04, 2020 at 07:29
Raw spreads equal to zero very often https://bit.ly/3cooIU6
Uczestnik z Jul 19, 2020   298 postów
Aug 19, 2020 at 11:05
I personally like raw spreads, to me it seems the lowest. Most of the time it's zero pips. Standard account has fixed spreads . And it varies broker to broker. It's about what you personally feel comfortable. If you like raw spreads go for it or vice versa.
Uczestnik z Jun 15, 2020   12 postów
Aug 19, 2020 at 18:01
Michihito posted:
I personally like raw spreads, to me it seems the lowest. Most of the time it's zero pips. Standard account has fixed spreads . And it varies broker to broker. It's about what you personally feel comfortable. If you like raw spreads go for it or vice versa.

thank you Michihito
Uczestnik z Jun 15, 2020   12 postów
Aug 19, 2020 at 18:02
togr posted:
Raw spreads equal to zero very often https://bit.ly/3cooIU6

thank you
Uczestnik z Jun 15, 2020   12 postów
Aug 19, 2020 at 18:02
jaredtaylor posted:
markt27 posted:
yes, I am looking at icmarkets at $3.50 a lot. Do you think brokers would take less $ per lot?
Yes, there are brokers who take less $ per lot. I know some brokers like turnkey forex, fxtm, tradersway and also fxchoice. You can check these.

thank you
You must be connected to Myfxbook in order to leave a comment
*Komercyjne wykorzystanie i spam są nieprawidłowe i mogą spowodować zamknięcie konta.
Wskazówka: opublikowanie adresu URL obrazu / YouTube automatycznie wstawi go do twojego postu!
Wskazówka: wpisz znak@, aby automatycznie wypełnić nazwę użytkownika uczestniczącego w tej dyskusji.