FX commissions - what is competitive nowadays for a small (5k) account
I'm looking for a FX broker with a round-turn cost at 1 pip or below. (My purpose is to gain some praxis. Very short-term trading allows having more "excersizes" in less months, I thought, and opted for Bob Volman)
It looks that I better focus on commission-based variant for this purpose.
A quick check showed FXCM round-turn-commission at 0.6pip; Dukascopy 0.7pip.
Are there better options without risking poor execution etc.? I'm going to start with a small account and micro lots, "just above the paper trading", so most likely it won't qualify for "active trader discount" etc.
Pepperstone. Spread is better than in dukas with same commission level. Plus regulated broker from Australia with infrastructure located in Equinix datacenters in NY, Europe and Asia. Though dukas has progressive commission schedule which depends not only deposit size but turnover too.