It would be interesting for us to hear your thoughts about ExpressFX - first zero spread trading platform by Forex Club. What did you like about it and what you did not like? Do you think this is a viable alternative to classic way - spreads charges? Thanks ahead for your insights and input.
- #4
- Jan 16, 2009 3:24pm Jan 16, 2009 3:24pm
And how would they make money?
That's just suspicious
Not very suspicious if you clicked the link titled "Spread is Dead"
Pay just 40 cents / 1,000 currency units traded
Of course there is a fee per trade that depends on your trading volume. The fee is 40 cents for each 1,000 currency units traded. This is so marginal that we make other brokers look marginal. And, again, if you don't profit, you don't pay the fee.
Not very suspicious if you clicked the link titled "Spread is Dead"
Pay just 40 cents / 1,000 currency units traded
Of course there is a fee per trade that depends on your trading volume. The fee is 40 cents for each 1,000 currency units traded. This is so marginal that we make other brokers look marginal. And, again, if you don't profit, you don't pay the fee.
They charge the equivalent of 4 pip spread if you make money. So you have to be up 4 pips in your winning trade to make money. If you have a losing trade they just keep the amount that you lost.
All they are doing is offering a 4 pip spread on the pairs they offer for FXExpress. As lava said it is a great scheme to catch newbies. If newbies knew better they would go with other options.
