EURUSD - Sub 1 Pip Spread - Zero Commissions?

Does anyone know of any recommended brokers that offers EURUSD without commission and a sub 1 pip spread?

I realise that most brokers without commissions will be MM but that's fine.

Ideally I'm looking for under 1 pip with NDD style execution (if such exists!). So far I have the following:

Activtrades at around 0.5 pips.
IG - 0.6 pips (fluctuating constantly to 1.5)
FXCM - 0.7 (not tested this out yet)
Intertrader - 0.6 Pips (unconfirmed)

I tend to scratch trades if PA doesn't follow through (part of my strategy) and commissions can add up during a session.

Cheers

You could check out Rakuten Securities Australia. They have no commission and sub 1 pip spread. I personally have not traded with them, but have lately seen a lot of advertisements.

Nice. Never heard of them but will do some research and fire up a demo.

Might also be a way around the 30:1 fixed leverage as well.

"No commission" is like "free shipping": no such thing exist. No one is working for free. Either commission is incorporated into the spread, or extra.
What is more, if incorporated into spread, one pays even more, as the technology for making the market (spread) has to be paid extra. I have not yet seen a "no commission" broker which is cheaper than (or even level) a commission extra broker (best vs best) - it is a scam. Some naive people may think that with "no commission" they get away cheaper, but that is lol.
Btw Activtrades has quite bad reputation on FPA, FXCM anyway, IG, Intertrader lol.

Well it is slightly cheaper. LMAX for example is around 0.7 - 0.8 pips with commission. IC averages around 0.7.

I've used Activtrades before and had no issues, execution was smooth, no shenanigans noticed. Then again this was a small account and certainly on a B book. Although their H4 chart offset was very annoying.

As for any broker, if you notice any dodgy business like platform freezes or dubious execution then you just close out and move on. I mean look at the people complaining on FPA.

My worst slippage ever encountered was with LMAX back in 2013 where I got slipped over 50 pips on GBPUSD during a news event...

In reality it doesn't exist. There is no such thing as "free dinner". Most likely you'll pay for it in slightly worse execution than advertised spread.
Good example in gold trading. I use only Lmax and Darwinex for spot. Spread is better on Darwinex. Same trades at the same levels. Lmax slips a little bit during news events if SL or limit orders gets hit. Darwinex - 1 or 1.5 dollar slippage isn't something new. Event without any news.
Spreads isn't important - execution is.

Just re-opened my LMAX account and will do a bit of testing. I've noticed the client portal hasn't changed in 5 years. Customer service seems just the same as before, cold and blunt. Refused to give me any demo credentials until I funded the account.

Let's if things have improved since I like the fundamentals behind this broker.

Another benefit right away is a GMT offset.

I'm a bit late, but better late than never ...

Hello C12,

First a compliment to your strategy supply and demand.


Before the ESMA provisions were introduced, I examined 16 brokers in Australia. IC Markets in Australia offers an account starting at 0 Spread and a fee of $ 5 roundturn per lot. I have tested the execution times for some time and they are among the fastest in Australia. IC Markets is an ECN Broker and is regulated by the ASCI. MT4 and MT5 is possible because the MT5 has the faster execution time. Lever up to 500 possible.

The regulatory authority ASIC has a similar significance in Australia as the German BaFin or British FCA. First and foremost, the authorities deal with the registrations arising from regulations in other countries. This is an additional security feature that brokers want to give to their Australian users.
In principle, the account is structured like a futures account, but be careful, there is an obligation to make additional payments if the account goes down. The costs incl. commission are between 0.7 and 0.9, making them top in Australia and comparable to IG Markets and Aktivtrades. Since there is a commission, the account view in Metatrader once getting used to. The execution times were top and exact in all trading hours, what you would expect from an ECN broker. Stop-out rules of ESMA are eliminated. If you want to increase the execution speed again, you can act on the MT5 or Ninja Trader. cTrader is also very fast, but more expensive depending on the price.

The only problem, as with most brokers, is liability. If you have a professional account, Aktivtrades is a much better choice. If you do not have a professional account, IC Markets is an alternative to trade with a higher leverage, but with a high risk.

I am also with Activtrades with a professional account and very satisfied, because I can use a lever to 400 without liability of the additional payment. And I can only recommend that, as many brokers do not offer. When dealing with Aktivtrades, you just have to make sure that you get a server with a fast execution time. If you then do your trading with the MT5, you will feel the difference clearly. Nevertheless, I am not married to Activetrades, if there is a much better broker that offers me advantages, of course, I change.

Although IG Markets is more professional, but as you have already written, clearly more expensive. For me it was now not so crucial whether the broker offers a lever of 1: 200 or 1: 500. As Scalper, the costs, the execution time and tight stops are important. For IG, the stop had to be at least 4 pip off course, that was far too much for me. And the guaranteed stops too expensive. In addition, for me, the regulator and an ECN broker are another important point.
If you are listed as a professional trader, I would only recommend you a European account.

You're welcome to contact me if you have any questions.
best regards

I'm now using Dukascopy MT4. Commissions are quite high, so I need to cut down on taking too many crappy dud entries.

Trade execution is very smooth compared to IC marktets, 100:1 leverage is more than enough and NY close candles is better than Activtrades.

They also have a Hong Kong based server which is great as I'll be trading out of Thailand next year.

I didn't get along with LMAX at all. Had a few platform freezes during news and some weird gaps on the charts so decided to pull my cash out.

[quote=C-12;11781009]{quote} I'm now using Dukascopy MT4.


Hello C12,

You're right, that's exactly what I would have done. You trade in Thailand next year, are you moving there? Is really nice there.

best regards

The commission for this pair is never below 0.1