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Is there a broker without any spread, just commission?

  • #41
  • Nov 2, 2014 9:35pm Nov 2, 2014 9:35pm
fbs.com have zero spreads but charge commission
practising coitus interruptus
  • #42
  • Nov 3, 2014 12:23am Nov 3, 2014 12:23am
Quoting avibe
fbs.com have zero spreads but charge commission
Zero Spreads! Looking now the EUR/USD is 1.9 and EUR/JPY is 2.8, hardly call that Zero
  • #43
  • Nov 3, 2014 1:39am Nov 3, 2014 1:39am
The OP is asking for a broker with no spread, just commission and almost everybody is talking about brokers with either no commission, but fixed/variable spread, or small spread with commission. You can't find any legit broker offering no spread and charging only commission because if they wouldn't trade against you and they'd be off-setting your position on the market they would lose. Because on the real market the spread is variable and during volatile times it can widen considerably. As such, a broker offering 0 spreads would have to either charge a variable commission with each trade (and that is as far as price transparency will go) or charge an immense commission. You won't find a no spread and 35$/million.
  • #44
  • Nov 3, 2014 2:14am Nov 3, 2014 2:14am
Forget it. The whole thread is a joke.

If there really would be a (trustworthy) Zero Spread FX Environment, you could easily make Money by doing the following:

1. Find a Strategy that consistently lose money. That's very easy, because most strategies do that.

2. Reverse the trades. Buy instead of Sell, Sell instead of Buy. This way you would always make money.

With a spread account, this does not work. However with a Zero spread account this actually would work. That's why there are no trustworthy Zero Spread Accounts around.
Forex is a losers game.
  • #45
  • Nov 4, 2014 2:10am Nov 4, 2014 2:10am
What can you say about 0.1 EURUSD?
  • #46
  • Jan 26, 2015 4:45am Jan 26, 2015 4:45am
These guys have "Starting from 0 pips" + Commission, anyone had experience with them?

https://www.finfx.fi/en/trading-accounts

ECN ACCOUNT
An ECN account forms the ultimate trading environment for the more experienced currency trader or company, especially for traders looking to use scalping strategies.
Pricing: 5 decimals
Base currencies for deposit: EUR / USD / CHF / GBP
Minimum deposit: 1 000 EUR / USD / CHF / GBP
Spread: Variable spread starting from 0 pips
Minimum trade size: 0.1 lots (10 000), with 0.01 lot increments
Leverage: 1:1 - 1:100
Commission: 7 USD per 1.0 lot round turn
Order type: Market Order
Margin call / Stop out: 150% / 100%
Trading hours:
Sunday opening: 22:00 GMT +0 / MetaTrader time
Friday closing: 22:00 GMT +0 / MetaTrader time
  • #47
  • Jan 26, 2015 6:22am Jan 26, 2015 6:22am
Quoting hectorxu
These guys have "Starting from 0 pips" + Commission, anyone had experience with them? https://www.finfx.fi/en/trading-accounts ECN ACCOUNT An ECN account forms the ultimate trading environment for the more experienced currency trader or company, especially for traders looking to use scalping strategies. Pricing: 5 decimals Base currencies for deposit: EUR / USD / CHF / GBP Minimum deposit: 1 000 EUR / USD / CHF / GBP Spread: Variable spread starting from 0 pips Minimum trade size: 0.1 lots (10 000), with 0.01 lot increments Leverage:...
opened up a demo, it is actually 0.6 pips right at this moment... plus $7 round trip.
  • #48
  • Apr 10, 2016 10:45am Apr 10, 2016 10:45am
I just applied for a demo account at LMfx so have nothing to say about how good/bad they are. A friend did say, "No issues so far." Check out their Accounts page.

They offer these choices:
Premium = Spreads from 1 / no commission
Fixed = Spread is fixed / no commission
Zero = Spread is 0 / US$4/Lot
  • #49
  • Apr 15, 2016 3:25am Apr 15, 2016 3:25am
lmfx, i would say 1 of 13 brokers that accpets us trader, only 1 of 5 in europ, i have a live account with them, good results so far, and the execution speed is very noticeable the same goes with spreads, i hope they continue, its refreshing never the less.
  • #50
  • Apr 22, 2016 12:44am Apr 22, 2016 12:44am
Quoting kale
I just applied for a demo account at LMfx so have nothing to say about how good/bad they are. A friend did say, "No issues so far." Check out their Accounts page. They offer these choices: Premium = Spreads from 1 / no commission Fixed = Spread is fixed / no commission Zero = Spread is 0 / US$4/Lot
How's about your testing so far? These days many brokers offer zero spread account, need to check carefully before opening a real one.
  • #51
  • Jun 23, 2016 2:53am Jun 23, 2016 2:53am
I can say that i hate the commission part as it's better to pay reasonable spreads rather than paying complicated sum of commissions to your broker every time you trade.
  • #53
  • Jul 10, 2016 10:48am Jul 10, 2016 10:48am
I have never met brokers without spread. Even if this broker promise you zero spred, be ready that somewhere else there will be "surprises". Such promises is like a cheese in a trap
  • #54
  • Jul 10, 2016 12:35pm Jul 10, 2016 12:35pm
There was one several years ago. A swiss firm called CrownForex. Many people lost their money with this scam.
  • #55
  • Jul 10, 2016 8:13pm Jul 10, 2016 8:13pm
Quoting jollypk
I can say that i hate the commission part as it's better to pay reasonable spreads rather than paying complicated sum of commissions to your broker every time you trade.
So you would rather pay the 'commission" within the spread?

In other words a wider spread ?

This can be detrimental to your trading particular to a short termer.

With a wider spread you could possibly miss an entry point and/or exit point.
  • #56
  • Jul 10, 2016 9:58pm Jul 10, 2016 9:58pm
There is Brokers without commission and high spreads, others with high commissions and low spreads. A real ECN Broker will always have spreads and commissions. A market maker could offer you always better rates than an ECN, but I will never invest a cent in a market maker, since mostly of them plays against the trader.
  • #57
  • Jul 11, 2016 12:30am Jul 11, 2016 12:30am
Quoting Arav007
Hello All, I have been searching for a reliable broker for scalping purpose. So is there any 'Reliable' regulated broker which doesn't has any Spread, though can charge commission on trades? If this is not possible then brokers with Lowest possible 'Fixed' spread? Thanks in Advance
Just be careful with choosing 'loosely regulated' brokers offering fixed spreads. To offer a fixed spread, they cannot be an ECN broker. Often what happens here is traders see the fixed price until a huge market event (or simply news), where it is in the broker's terms that they can widen it to normal market conditions anyway.

Just know what you're getting into when you see 'fixed spread' or 'no spread' in a broker's account offering.
Australian Forex Broker - Try a Vantage FX RAW ECN Account Today.
  • #58
  • Jul 21, 2016 5:57am Jul 21, 2016 5:57am
I have noticed there are some brokers who are offering zero spread accounts with low or very minimum commission however i guess these accounts are best suitable for scalpers as well because they got good margin on it.
  • #59
  • Aug 5, 2016 12:00pm Aug 5, 2016 12:00pm
Quoting hoangforex
{quote} How's about your testing so far? These days many brokers offer zero spread account, need to check carefully before opening a real one.
Sorry for being late in responding. Just saw your post today. I quit using lmfx but testing of my systems have continued on other brokers. So far, Berndale Capital is my current favorite.
  • #60
  • Aug 6, 2016 7:39pm Aug 6, 2016 7:39pm
Lol, zero spread (with 2-3 pips commission - Happiness - 1-2 pips spread (no commission) - Sadness = Logic :d
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