Broker Fees - Spread & Commission

Hi guys

I think I have worked this out correctly but wanted to check it before settling on my broker.

Assume all other things are equal, fund security, platform tech etc...

Broker A
Typical Spread - 1
Commission - $5 round trip (1 lot)

Broker B
Typical Spread - 0.6
Commission - $7 round trip (1 lot)

Pip value (1 lot) - $10

Broker A total cost of single trade - $15

Broker B total cost of single trade - $13

Initially, I was distracted by the lower commission rate offered by Broker A but assuming the above is correct, and all other things are the same in terms of service and platform, Broker B is the right choice.

Am I missing anything, and in terms of charges it is just spread and commission that needs to be factored in right?

Theres swaps if you have positions open from one day to another.

Thanks, forgot about them.

Quick look

Broker A - EURUSD
long -0.39pips
short +0.03pips

Broker B - EURUSD
long -0.42pips ($0.30 more)
short -0.02pips ($0.50 more)

Broker A becomes cheaper, on this pair if I hold long trades for more than 7 nights and short trades for more than 4 nights.

Very little in it but it seems wrong to me that they are allowed to manipulate these figures, almost as stealth charges when apparently they are supposed to be based on the difference in interest rates, which is the same regardless of the broker.

Well, look, I think it's simple.
Because if you work with a lot of positions in a day, then you should definitely choose a format where you pay a little more commission and work with small spreads.
And if you work with fewer orders, then you should pay attention to another company - it will be a bit profitable to milk you.
And in fact, it may even be worthwhile to try working in both companies, in fact, everything will be learned by comparison, and it is easiest to test it in practice, of course with small capital, there is no need to immediately risk something significant.
But in my opinion, both options look quite good. It must be profitable.

for me broker A is better than broker B.