Hello Folks,
due to my trading approach I would need a broker with commission and due to that low spreads.
Or easier say: I need 1.0 pip spread on GBP/USD, max 1.2 pips.
My question: Is there any broker with a variable Commission which goes down to minilots?
Example Broker where that is possible:
Oanda:
1 Lot per side costs $5
0.1 Lot per side costs $0.50
That's what I need. My problem is: I cannot start with 1 Lot because I need sometimes 10 times higher than my initial position (so that would be 10 lots or even more, that is too crazy).
I give you an example what does not work:
Let say robomarkets:
1 Lot per side costs $1
0.1 Lot per side still costs $1
So If I trade only 0.1 Lot I pay 1 pips spread only for commission + their spread so I'm at 1.6 pips again and that is too much.
Any other broker out there like Oanda with a variable commission under 1 lot?
Thanks in advance
Edit: Problem with Oanda is the spread is still too high. Example: GBP/USD: Spread: 0.5 pips + 1 pip commission = 1.5 pips (the commission of 1 pip is 2x$5 for example). I need 1 pip spread on GBP/USD.
due to my trading approach I would need a broker with commission and due to that low spreads.
Or easier say: I need 1.0 pip spread on GBP/USD, max 1.2 pips.
My question: Is there any broker with a variable Commission which goes down to minilots?
Example Broker where that is possible:
Oanda:
1 Lot per side costs $5
0.1 Lot per side costs $0.50
That's what I need. My problem is: I cannot start with 1 Lot because I need sometimes 10 times higher than my initial position (so that would be 10 lots or even more, that is too crazy).
I give you an example what does not work:
Let say robomarkets:
1 Lot per side costs $1
0.1 Lot per side still costs $1
So If I trade only 0.1 Lot I pay 1 pips spread only for commission + their spread so I'm at 1.6 pips again and that is too much.
Any other broker out there like Oanda with a variable commission under 1 lot?
Thanks in advance
Edit: Problem with Oanda is the spread is still too high. Example: GBP/USD: Spread: 0.5 pips + 1 pip commission = 1.5 pips (the commission of 1 pip is 2x$5 for example). I need 1 pip spread on GBP/USD.