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FX commissions - what is competitive nowadays for a small (5k) account


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FX commissions - what is competitive nowadays for a small (5k) account

  #1 (permalink)
 webradio 
Hamburg, Germany
 
Experience: None
Platform: MetaTrader, Multicharts
Trading: FX
Posts: 44 since Sep 2016
Thanks Given: 21
Thanks Received: 34

Hi there,

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.

cheers

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  #3 (permalink)
 
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 citikot 
Tbilisi, Georgia
 
Experience: Beginner
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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.

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  #4 (permalink)
 Obelixtrader 
Slovakia
 
Experience: Intermediate
Platform: Ninjatrader 8
Broker: Interactive Brokers,Tastytrade,Birdwingo
Trading: K200M,KOSDQ150,US stock option
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Try fxmtf.com its IB for LMAX commis are 0,002% from traded value

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Last Updated on October 10, 2016


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