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ECN with and without commissions.

marnuslabushane
Feb 19 at 11:39
40 poster
I always get confused with this stuff. I mean should I go with a broker that is very good when it comes to the trading conditions but charges high commision or should I just stick to no commission broker that provides okayish service?

Gleywilleyy
Feb 19 at 13:07
47 poster
marnuslabushane posted:
I always get confused with this stuff. I mean should I go with a broker that is very good when it comes to the trading conditions but charges high commision or should I just stick to no commission broker that provides okayish service?

Try not to be so scared of a broker so much. They are essentially for a trader and just simply go with low commission and reliable trading platforms. Like I have always used brokers that don’t charge so high and the services are really good as well. Since it worked out fine for me, I am okay with it. I’ve used IB and Fxview mostly. Both are different kinds of brokers in a way, but when it comes to my particular trading needs, they work just fine.

layerchazard
Feb 23 at 09:27
15 poster
salamibrish posted:
Mathewshayden posted:
Garry, I agree that you won’t lose anything when you demo trade. But if a strategy works well on your demo account and fails when you go live?

Flexibility is the key to winning because if we are flexible enough we can earn a lot of good money. I was scalping because the markets were not that good. So there are many brokers in the market but for me the most suitable broker is Fxview due to low spreads. When the markets were moving again I came to position trading through IB because of its good analytical tools. So you cannot always trust one strategy. The brokers charge their fees because they provide us services.

And how low are Fxview’s spreads? I’ve heard this name before but never quite considered using it.

salamibrish
Feb 23 at 11:46
28 poster
layerchazard posted:
salamibrish posted:
Mathewshayden posted:
Garry, I agree that you won’t lose anything when you demo trade. But if a strategy works well on your demo account and fails when you go live?

Flexibility is the key to winning because if we are flexible enough we can earn a lot of good money. I was scalping because the markets were not that good. So there are many brokers in the market but for me the most suitable broker is Fxview due to low spreads. When the markets were moving again I came to position trading through IB because of its good analytical tools. So you cannot always trust one strategy. The brokers charge their fees because they provide us services.

And how low are Fxview’s spreads? I’ve heard this name before but never quite considered using it.

It says 0 pips on their website but that’s just where it starts. In actual terms it can get higher but it doesn’t really get higher than 0.5 pips. I do make sure though that I don’t trade in dull times when spreads everywhere can get somewhat crazy.

layerchazard
Feb 24 at 04:22
15 poster
@salamibrish That’s not so bad. How are the commissions with Fxview like? Low?

joastdaffy
Feb 24 at 09:52
24 poster
Oh, you guys are talking about fxview? I actually made a demo account on there some time back and it all seemed rather nice man but I never made a live account, being offshore and all.

salamibrish
Feb 24 at 11:53
28 poster
layerchazard posted:
@salamibrish That’s not so bad. How are the commissions with Fxview like? Low?

They charge a dollar per side which is low/medium-low I guess. You know there are brokers that don’t charge anything for commissions so that’s like the lowest but spreads are another story with them. Or there are some other conditions, like with IB (my other broker) I have got to make trades worth at least $10k or else there’s no commission-free thing going there, and also it’s important to maintain a balance of $25k. Fxview on the other hand is easy on these bits.

ele020 (ele020)
Feb 26 at 11:14
144 poster
joastdaffy posted:
Oh, you guys are talking about fxview? I actually made a demo account on there some time back and it all seemed rather nice man but I never made a live account, being offshore and all.

are you saying that they are a offshore broker? I dont think so.... They are CySec regulated ECN broker. I am testing them currently and so far they are good.

The more your practice, the more you learn.
salamibrish
Feb 26 at 11:47
28 poster
joastdaffy posted:
Oh, you guys are talking about fxview? I actually made a demo account on there some time back and it all seemed rather nice man but I never made a live account, being offshore and all.

My previous I was in a fairly similar frame of mind but my cousin who’s been a trader all his adult life had a few off-shore accounts and he even has a portfolio in Japanese stocks?! I mean Japan FFS. So yeah, I just figured if he can trade on NIKKEI, I can at least invest in major currency pairs on a regular off-shore broker! And Fxview is regulated by FCA and Cysec besides others so I was good man. I think I must have saved like $200 on spreads alone from the time I’ve been with them. And then of course on taxes too!

LyudmilLukanov
Feb 26 at 18:00
327 poster
ele020 posted:
joastdaffy posted:
Oh, you guys are talking about fxview? I actually made a demo account on there some time back and it all seemed rather nice man but I never made a live account, being offshore and all.

are you saying that they are a offshore broker? I dont think so.... They are CySec regulated ECN broker. I am testing them currently and so far they are good.

How long are you trading with them? Are their services good?

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