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No Spread and Commission Only Forex Broker

  • Post #1
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  • First Post: Jun 1, 2010 10:08pm Jun 1, 2010 10:08pm
Hi Guys,

Appreciate if anyone have any idea on forex broker with NO SPREAD and ONLY COMMISSION charged.

Thanks.

Regards,
Michael
im pretty sure fxclub are commission mb trading are commision thats all i can think of

regards damien
i pull the trigger when others are fearful---me
Quoting damosdmf
im pretty sure fxclub are commission mb trading are commision thats all i can think of

regards damien
Hi Damien,

Thanks for the info Damien. So far there are 2 brokers that I knew, but it is quite expensive in terms of their commision. One that you mentioned, fxclub and another is the intelfx. I hope I could find some more brokers offering this type of fx account for the trader as the transaction cost are very expensive when it comes to spreads.

Regards,
Michael
i think mb trading would be your best bet they are a reputable broker

regards damien
i pull the trigger when others are fearful---me
Hi, and thanks for the recommendations so far. I checked out all 3, fxclub, mbtrading, and intel. All look OK, yet I am looking to run an account with 0 pip spread and pay a reasonable commission, or a fixed 1 pip spread, but no 'double dipping' so to speak. Is there an MT4 or MT5 broker that offers such a an animal.
Blessings, Monk E.
Quoting We_R_12
Hi, and thanks for the recommendations so far. I checked out all 3, fxclub, mbtrading, and intel. All look OK, yet I am looking to run an account with 0 pip spread and pay a reasonable commission, or a fixed 1 pip spread, but no 'double dipping' so to speak. Is there an MT4 or MT5 broker that offers such a an animal.
What you are looking for simply doesn't exist. Spreads are just a fact of life in forex. You can get LOW spreads at reputable brokers, but zero spread or 1 pip fixed? No way. Not sure where you got the idea that's even possible, but it isn't.

Also, FxClub is very disreputable. MB Trading might be your best bet as our friend above mentioned...
Quoting We_R_12
Hi, and thanks for the recommendations so far. I checked out all 3, fxclub, mbtrading, and intel. All look OK, yet I am looking to run an account with 0 pip spread and pay a reasonable commission, or a fixed 1 pip spread, but no 'double dipping' so to speak. Is there an MT4 or MT5 broker that offers such a an animal.
Im using Instaforex, no spread account .. commission only ...
Choose Eurica account, dont choose Standard. (but they are both 1 cent per pip account - just enter 0.01 in MT4). Standard is a no commision but just spread.

In cost term ... both type are the same ... the commission (Eurica) you pay is the same as the spread (Standard). But having the same bid/ask quote will help simplify your trading alot if you need to open/close position simultaneously like I do.
www.theredcross.com www.charity.com.... You are asking for a charity broker basically.....

Good luck on your search, I am sure some good samaritan not in it for profit will provide you a free way to enter the FX market.
I have been trading solely (of late) on FXPRO. I am even an IB for them. Yet, I cannot stop watching the spreads. ON the EUR/USD of late, it's been a 1.4 to 2.0 range, which just about makes me sick! So I started looking around. I know a fellow trader uses OANDA, yet even he doesn't like that whopper-junior they slide in there at 1.x anything. I've been watching the spreads on my chart, as I have a CI on my screen to show me that. Basically, they are SO manipulated that regardless, we are (the traders of FF and the "retail bunch") getting the short end of the stick. Does anyone have 'first hand' experience with a broker that is not doing a number to them/their trading by whacking us with higher spreads "due to market conditions"? Then I looked at fixed spread brokers, and quickly realized their feeds must be SO buffered, because market conditions DO flex. Any insights from experience would be welcomed, and a quick bottom-line conversation from EXPERIENCE on this was all I was interested in- otherwise, we should take it to another thread. Happy pippin'!
Blessings, Monk E.
Quoting We_R_12
Hi, and thanks for the recommendations so far. I checked out all 3, fxclub, mbtrading, and intel. All look OK, yet I am looking to run an account with 0 pip spread and pay a reasonable commission, or a fixed 1 pip spread, but no 'double dipping' so to speak. Is there an MT4 or MT5 broker that offers such a an animal.
Fxclub also offers 0,6 pip on EURUSD on their ActTrader Platform. Just to let you know - their ExpressFX platform where you trade with 0 spread and pay commissions on profitable trades only, is designed for beginners.
Quoting We_R_12
I am looking to run an account with 0 pip spread and pay a reasonable commission, or a fixed 1 pip spread, but no 'double dipping' so to speak..
Sorry but neither exist.

Quote
Does anyone have 'first hand' experience with a broker that is not doing a number to them/their trading by whacking us with higher spreads "due to market conditions"?
Stick to ECNs. MBT has already been mentioned, and there are several others. InteractiveBrokers edges them out in the commission department, but I wouldn't recommend them for novices.
Quoting Trader KGB
Sorry but neither exist.
InteractiveBrokers edges them out in the commission department, but I wouldn't recommend them for novices.
TRADER KGB, Thanks for that. Please say more about what you mean referring to novices. I am not, yet am curious as to what would have you say that. Merry Christmas!
Blessings, Monk E.
Quoting We_R_12
TRADER KGB, Thanks for that. Please say more about what you mean referring to novices. I am not, yet am curious as to what would have you say that. Merry Christmas!
Here's one example, that's the biggest really, I imagine most novices are unfamiliar with P&L conversion. Also, TWS (their platform) is a bit more advanced/cumbersome than your average run-of-the-mill FX platform, especially MT4.
So far, did not see a broker can provide such good service..... Please PM me is any, thanks
Here's a broker with Zero spread. Of course, they make it up with a large commission.

http://www.atlaseforex.com/live-acco...h-zero-spreads

I have no idea how reputable this broker is, but it fit the no spread, commission only criteria you have.
Quoting compujock
Here's a broker with Zero spread. Of course, they make it up with a large commission.

http://www.atlaseforex.com/live-acco...h-zero-spreads

I have no idea how reputable this broker is, but it fit the no spread, commission only criteria you have.
Here's the terms and conditions for the Zero spread account:

Limitations to the Zero Spread Account

 

  1. Available Currencies are: EURUSD, GBPUSD, USDJPY, USDCHF, USDCAD
  2. Minimum Trade Size is 0.1 Lot
  3. Leverage is 1:100
  4. Minimum Deposit is $500, Recommended Deposit is $1500, Maximum is 9,999 USD
  5. Commission is 1.5 USD per mini lot for EURUSD and USDJPY, 2 USD per mini lot for GBPUSD, USDCHF and USDCAD.
  6. No swaps will be charged, all positions will be automatically closed by 21:59 GMT every day
  7. Bonuses do not apply
  8. This offer cannot be combined with any other offer
  9. IB's and or referrals do not qualify
  10. ACFX reserves the right to convert any account to a regular account on its own discretion after informing client

Quoting TC East
You can get LOW spreads at reputable brokers, but zero spread or 1 pip fixed? No way. Not sure where you got the idea that's even possible, but it isn't.
Actually at times, it's possible to have negative spreads.
Quoting compujock
Here's the terms and conditions for the Zero spread account:

Limitations to the Zero Spread Account

 

  1. Commission is 1.5 USD per mini lot for EURUSD and USDJPY, 2 USD per mini lot for GBPUSD, USDCHF and USDCAD.

The commission is very high. Like 1.5-2 pips spread anyway.
What is the difference between No spread and Commission's base brokers? I am confuse about their differences. How they impact on trading?
Spreads suck, both side of your trade, then add commission and slippage in FX and you have instant loss and a combo for continued losses.

If you want zero spread, where you enter the market direct with an open position at neither a loss or a profit, but unfortunately still pay $7 round trip, well you have to use someone like Infinity Futures.

IMO the only fair and profitable way to trade.
My comments are not to be taken as trading advice, not a financial advisor
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