Hi, everybody
Somebody know some good/trusty broker with commison but without spreed (in one or more symbols)?
Somebody know some good/trusty broker with commison but without spreed (in one or more symbols)?
- #2
- Sep 19, 2016 11:57am Sep 19, 2016 11:57am
Hi, everybody Somebody know some good/trusty broker with commison but without spreed (in one or more symbols)?
You can check HF's zero spread account it offers raw spread with commission with spread on EURUSD often staying at 0.0-0.1 pip.
Or try to search for instant execution but I doubt you will find something fair there.
- #3
- Edited 1:32pm Sep 19, 2016 1:11pm | Edited 1:32pm
- Joined Jun 2009 | Status: FXCM Representative | 5,808 Posts
Hi, everybody Somebody know some good/trusty broker with commison but without spreed (in one or more symbols)?
I understand your desire for a forex broker with commissions but without spreads, because it would allow you to trade with fixed transaction costs (commission+spread). However, the reality is spread costs are not fixed in the forex market, at zero or any other level.
With the No Dealing Desk (NDD) pricing FXCM provides to all Standard accounts (5k minimum) and Active Trader accounts (25k minimum), it's possible to trade on low spreads, since we offset each client order one-for-one with the best prices from competing liquidity providers.
However, spreads cannot be eliminated completely, since they reflect where the banks are willing to place their bids and offers resulting in the sell and buy prices you see. Therefore, spreads must vary according to market conditions.
In order for a broker to promise you a spread of zero (or a fixed spread of any amount), it would have to bear the risk/cost of wider spreads in the market on its own. WorldSpreads tried this and failed: http://www.ft.com/cms/s/0/03ec8448-7...#axzz4Kj90cRB9
{quote} Only MM can offer such conditions, so there's no good broker with 0 spread and commission.
Zero spread means that the broker makes money in other ways.One of them is traders losses.
I read about marketmakers whan I was new to trading and even found companies which provided zero zpreads for their clients. But the reviews about them showed that there is no reasons to believe those brokers and people couldn't withdraw money for ages. And if we remember about marketmakers and constant slippages... Oh, no. Better I'd pay the spread and the commission
{quote} And if there is 0 spread, than could be big comission. Zero spread means that the broker makes money in other ways.One of them is traders losses. I read about marketmakers whan I was new to trading and even found companies which provided zero zpreads for their clients. But the reviews about them showed that there is no reasons to believe those brokers and people couldn't withdraw money for ages. And if we remember about marketmakers and constant slippages... Oh, no. Better I'd pay the spread and the commission
Here is nice example of scam broker that offer 0 spread account with commission https://fbs.com/trading/specs?account=zero. What's funny they claim that they have more than 2 million active tradersCommission: AUDNZD 110 USD per lot
EURCAD 110 USD EURNZD 160USD, very cheap
EURUSD 20, AUDUSD 30, GBPUSD 30 and so on {quote} Yes, as I wrote, there are brokers with 0 spread that charge commission, of course commission is very bigEURUSD 20, AUDUSD 30, GBPUSD 30 and so on
Yeah, veeery cheap, funny.
- #14
- Oct 12, 2016 7:39am Oct 12, 2016 7:39am
- Joined Sep 2012 | Status: Trader | 1,056 Posts
{quote} Yes, as I wrote, there are brokers with 0 spread that charge commission, of course commission is very big
{quote} That's why there are in Belize
Of course, you never know if a broker will be scam or not, but still there are more opportunities for traders with offshore companies (I mean bonuses and other features). Zero spreads look strange, but Belize is not the cause
- #16
- Oct 13, 2016 5:34am Oct 13, 2016 5:34am
- Joined Sep 2012 | Status: Trader | 1,056 Posts
{quote} I don't think that registration country is a great problem actually. I trade with a company that is registered there and regulated by IFSC (it's in Belize too). It's ok for me now and hopefully there will be no problems in futureOf course, you never know if a broker will be scam or not, but still there are more opportunities for traders with offshore companies (I mean bonuses and other features). Zero spreads look strange, but Belize is not the cause
Regulation if there for a reason. In case something goes wrong with the company you have someone to complain and to give you some money back in case that company goes bankrupt
- #20
- Oct 15, 2016 1:07am Oct 15, 2016 1:07am
{quote} I'm looking for a broker who deletes losing trades.