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Forex and Futures

  #11 (permalink)

Boston, MA
Posts: 166 since Dec 2014
Thanks: 61 given, 118 received

bill999 View Post
When you submit an order in Forex, the price is 2 or 3 points higher than the market. Like you say that's paid to the broker, like a commission only they call themselves commission free - A play on words. You have to make up for that extra in your getting in at the right time.

Not necessarily true. Spreads exist in every market - stocks, futures, forex. The spread varies from broker to broker with forex since there is no centralized exchange and it depends on the competitive liquidity provided by the banks and also the markup that the broker wants to put on it. However, some brokers are razor-thin with their spreads, like FXCM. IB is also a good broker for tight spreads. They both charge commission for these tight spreads, which is no different from a futures broker charging commission.

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