Hi all,
Is there any ready to refer table to find who is the cheapest retail ECN broker and what are their commissions
Is there any ready to refer table to find who is the cheapest retail ECN broker and what are their commissions
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QuoteDislikedAlso note that some brokers quote commissions in terms of base currency unit. For example Armada Markets quote 4 units of base currency per round lot. So if EUR/USD is at 1.2900, then the commission for 1 round lot is 4 x 1.29 = $5.16 in USD. IC Markets quote (after IB discount) $5.50 in USD regardless of whether it's EUR/USD or GBP/USD.
DislikedDear "dood", you actually got it wrong in the Armada paragraph, then got it (almost) right with lmax, but then continued to fail again at FxOpen. Thats 1 out of 3 from the ones i accidentally happen to know how much they charge. Thanks for your effort tho.Ignored
DislikedTo his dudeness: Commission is usually quoted in $ per million USD traded. FXO <50k deposit is $25/m, >50K is 18/m. Lmax is 25/m and Armada 20. Isn't that the most obvious way to compare fees?Ignored
Dislikedany thread that asks who " the best broker, the cheapest broker, the smartest broker" sees an army of brokers and broker agents jumping out the woodwork its quite nauseating!Ignored
DislikedI didn't jump in until someone mentioned FXOpen. OK so it was the other FXOpen, so I decided to set the record straight so that visitors to the thread had the correct information with which to make an informed decision about whether the cost to trade at FXOpen AU really is the lowest.Ignored