Mar 21 2021 at 07:55
philipsimmions posted:My friend also suggested me to go for low deposits but I had already chosen some other broker. I wish I had waited for a little more time.
The hard work you are talking about James, is for your own good. You only will get benefits from it. And since you are in trading, you need to manage time to trade. And if still you have enough money to pay to any broker, you can think of lending me some. Lol.
Mar 22 2021 at 09:57
I can never compromise with services a broker gives. And why should I? I have put my money there and I should be getting everything whether it is about low spreads or high leverages.
Mar 23 2021 at 07:08
Before going with a broker that is offering low spreads, you should know the average rates for a currency pair you want to trade. This will save you a lot of hassle later.
Mar 23 2021 at 09:15
Most low spread brokers have the same spread value and it kind of depends on the pair as well. Anyway, you can go to different platforms and check the spreads they are offering.
Mar 24 2021 at 05:52
PercymcDonnell54 posted:That’s right and for major currency pairs, it is likely to be 0.1 to 1 pips. This is just an average spread with many tight spread brokers.philipsimmions posted:My friend also suggested me to go for low deposits but I had already chosen some other broker. I wish I had waited for a little more time.
The hard work you are talking about James, is for your own good. You only will get benefits from it. And since you are in trading, you need to manage time to trade. And if still you have enough money to pay to any broker, you can think of lending me some. Lol.
Mar 25 2021 at 05:03
Numeromatt posted:But I read somewhere that the spreads also widen at the close of the market due to any news update or something. Is that right?
Before going with a broker that is offering low spreads, you should know the average rates for a currency pair you want to trade. This will save you a lot of hassle later.
Mar 25 2021 at 05:49
Marshshaun posted:Yes, spreads do widen when there is low liquidity or high volatility in the market. release of major economic events and news cause panic in the market which increase volatility. And during opening and closing time there is hardly any trading volume thus the liquidity is very low which leads to widening of the spreads.Numeromatt posted:But I read somewhere that the spreads also widen at the close of the market due to any news update or something. Is that right?
Before going with a broker that is offering low spreads, you should know the average rates for a currency pair you want to trade. This will save you a lot of hassle later.
The more your practice, the more you learn.
Mar 25 2021 at 07:11
philipsimmions posted:Now that’s something I never heard of before. I mean I knew there were those mentors or gurus but account managers is something new to me. I’ll look it up, thanks.
The hard work you are talking about James, is for your own good. You only will get benefits from it. And since you are in trading, you need to manage time to trade. And if still you have enough money to pay to any broker, you can think of lending me some. Lol.
Mar 25 2021 at 08:15
philipsimmions posted:That doesn’t always happen and about 95% of the times your spread is likely to remain low so don’t worry about it.
Most low spread brokers have the same spread value and it kind of depends on the pair as well. Anyway, you can go to different platforms and check the spreads they are offering.
Apr 06 2021 at 14:38
Indeed, there are very rare cases when the spread rises very sharply, so I don't need to worry about this.
Apr 07 2021 at 06:04
I think it is better to go with ECN brokers that charge lower commissions and provide tighter spreads to their clients.
Sep 04 2021 at 08:23
friedjohan posted:You should pick a good broker to survive in this market.
I think it is better to go with ECN brokers that charge lower commissions and provide tighter spreads to their clients.
Jan 12 2022 at 12:07
Some offer this. CedarFX have a 0% commission option. This natually will mean spreads might be higher than say a broker like IC Markets for example. You'd need to look into both and weigh it up. I use both brokers and the lack of commission is good for longer term trading where spreads maybe aren't as important as they are when scalping let's say. As always DYOR.
If you can't spot the liquidity then you are the liquidity.
Jan 25 2022 at 08:24
No commission would mean wider spreads. As said by @seb king, you got to weigh your options. I would always go for broker with low spreads over no commission. Finprotrading, lmfx, fxchoice are some brokers I found good in this regard. One just has to ensure that the commissions are not too high.
Jan 25 2022 at 17:54
I have been using a broker from Amarkets for quite a long time, and so far this option seems to me excellent.
Feb 24 2022 at 09:14
I don’t believe in such things. No matter how much these brokers say that they offer transparent pricing, I don’t think they actually do because they are there to make money from their traders and if they start keeping pricing transparent, they will hardly make anything.
Feb 24 2022 at 09:26
I also prefer ECN brokers over other types as I get the best prices for all trades I execute with them. The good part is that most brokers offer ECN accounts making it easier for traders to find a good one for them.
Feb 25 2022 at 08:07
Be it an ECN broker or an STP, if I am getting fast order execution and tight spreads, I am staying with the broker. It also depends on what you want from your broker and that can be anything in accordance with your trading needs.
Oct 21 2022 at 12:07
As far as I am aware, most ECN brokers do have commission costs, and I trade with FP Markets because their commission costs are lower when compared to most ECN brokers.
They charge $6 per round lot with faster execution speed, and the customer service is also quick in responding to client queries.
They charge $6 per round lot with faster execution speed, and the customer service is also quick in responding to client queries.
Oct 28 2022 at 06:27
ECN brokers have raw spreads and low commission, but it varies from broker to broker like I’m trading with coinexx and cryptorocket, both have tight spreads, but different commissions - $2rt and $6rt respectively. I haven’t seen any ecn account broker with zero commission, do let me know if there is one.
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