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0 spread, 0 commision - getting tired of all this..

  • #61
  • Apr 28, 2008 10:09pm Apr 28, 2008 10:09pm
Lets just leave the decision to individual traders. And guys the commission on fxexpress is equivalent to 12 pips per round trip ( not 6 pips). SO you need 12 pip profit on any trade to break even.
  • #62
  • Apr 29, 2008 8:15am Apr 29, 2008 8:15am
Quoting good
Lets just leave the decision to individual traders. And guys the commission on fxexpress is equivalent to 12 pips per round trip ( not 6 pips). SO you need 12 pip profit on any trade to break even.
RTC is $0.6 per 1000 which is 6 pip.
  • #63
  • Apr 29, 2008 11:21am Apr 29, 2008 11:21am
ok maybe I misunderstood that. I thought when they say 60 cents per 1000 traded, they only meant one way trade.
  • #64
  • Apr 29, 2008 12:33pm Apr 29, 2008 12:33pm
Quoting good
ok maybe I misunderstood that. I thought when they say 60 cents per 1000 traded, they only meant one way trade.
thats my understanding, if it 1.20 round turn then your realy getting rip off.
If I Go Broke Trying Then I Will die happy.
  • #65
  • Apr 29, 2008 1:24pm Apr 29, 2008 1:24pm
Quoting Moe
thats my understanding, if it 1.20 round turn then your realy getting rip off.
Well I just had a chat with them to clear this up. 60 cents per 1000 is for round trip. They only charge commission for entry, closing a trade is not accounted for.
  • #66
  • Apr 30, 2008 6:53am Apr 30, 2008 6:53am
Quoting good
Well I just had a chat with them to clear this up. 60 cents per 1000 is for round trip. They only charge commission for entry, closing a trade is not accounted for.
at 6 pip commission/spread your still getting rip off
If I Go Broke Trying Then I Will die happy.
  • #67
  • Jul 8, 2008 10:51am Jul 8, 2008 10:51am
is it really THIS bad?
  • #68
  • Jul 9, 2008 3:03am Jul 9, 2008 3:03am
example, price now 1.5640/1.5642,

i'm long eurusd @ 1.5640/42 long 1.5635/37 stop

price falls to 1.5635/37, i'm stopped out...
normal broker with spread, (long @ 1.5642, stop @ 1.5637) lose 5 pips
this broker without spread, (long @ 1.5640, stop @ 1.5635) lose 5 pips

if i exit after 10 pips rise
price now 1.5650/1.5652
normal broker with spread, exit @ 1.5650, +8pips gain
this broker without spread, exit @ 1.5650, +10 pips gain, -6pips commission, +4 pips gain

what's my gain?
  • #69
  • Jul 14, 2008 10:18am Jul 14, 2008 10:18am
Quoting dragoncat
example, price now 1.5640/1.5642,

i'm long eurusd @ 1.5640/42 long 1.5635/37 stop

price falls to 1.5635/37, i'm stopped out...
normal broker with spread, (long @ 1.5642, stop @ 1.5637) lose 5 pips
this broker without spread, (long @ 1.5640, stop @ 1.5635) lose 5 pips
This broker without spread will instantly refund your commission. That's a rule.
On ExpressFX you pay commissions on profitable trades only.
  • #70
  • Jul 14, 2008 9:18pm Jul 14, 2008 9:18pm
dragoncat,

looks like lava missed your point or just refuses to realize that he works for a crappy brokerage
  • #71
  • Jul 16, 2008 12:09pm Jul 16, 2008 12:09pm
Quoting fxtrader42
dragoncat,

looks like lava missed your point or just refuses to realize that he works for a crappy brokerage
i just noticed i typed/expressed the wrong thing, in my scenario,
it's only right if it saids "if I exit after 5 pips lost"

but if the scenario saids "price falls to 1.5635/37"
then with spread "I lose 7 pips"
without spread "I lose 5 pips"

but it all depends on your strategy..
if your stop limit is based on "Win pips vs Lose pips", then there's no advantage with the broker
but if your stop loss is based on "Sppt/Rsst lines", you'll get 2 pips advantage only if you lose 3 trades everytime you win 1 trade.. haha...
  • #72
  • Jul 16, 2008 12:14pm Jul 16, 2008 12:14pm
here's the correct way to express the situation

****
example, price now 1.5640/1.5642,

i'm long eurusd @ 1.5640/42 long, 5 pips stop loss

if i exit after 5 pips lost
normal broker with spread, (long @ 1.5642, stop @ 1.5637) lose 5 pips
this broker without spread, (long @ 1.5640, stop @ 1.5635) lose 5 pips

if i exit after 10 pips rise
price now 1.5650/1.5652
normal broker with spread, exit @ 1.5650, +8pips gain
this broker without spread, exit @ 1.5650, +10 pips gain, -6pips commission, +4 pips gain

what's my gain?
  • #73
  • Jul 17, 2008 9:32am Jul 17, 2008 9:32am
Quoting fxtrader42
dragoncat,

looks like lava missed your point or just refuses to realize that he works for a crappy brokerage
Oh God! I can't believe you said that! I understand that in old bucket shops you experience downstream of clients right now, but damn keep yourself together,,, ExpressFX and Forex Club is not the only thing why this is happening.

Good luck,
  • #74
  • Last Post: Jul 17, 2008 11:40am Jul 17, 2008 11:40am
Quoting lavatrader
Oh God! I can't believe you said that! I understand that in old bucket shops you experience downstream of clients right now, but damn keep yourself together,,, ExpressFX and Forex Club is not the only thing why this is happening.

Good luck,

BTW, I do want to fix my statment, I did not mean work for a crappy brokerage, I meant trade with one and I guess that is a bit harsh. If a trader likes trading with FX Club by all means what a trader thinks is best for him is certainly best for that trader regardless of what I think. However, there are a lot more competitive brokers out there in terms of spreads then Forex Club IMO. But if you like it and thats what you think works for you then who cares what anyone else thinks.
Lava,

What do you mean when you say, "ExpressFX and Forex Club is not the only thing why this is happening?"
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