Compuforex - IamFX Demo (By compuforexpamm)
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Compuforex - IamFX Demo Discussion
Jan 19, 2010 at 03:36
780 Views
3 Replies
Member Since Aug 20, 2009
266 posts
Mar 12, 2010 at 05:37
(edited Mar 12, 2010 at 05:38)
Ok, I have decided to wind up this account and I won't be opening a live account with them.
$2500 in profit looks like nice but what we are not seeing is that the profitable trades total a grand ammount of $9900.
The rest is taken by the broker with their outragous commission of $15 per lot. So all round profitable account but more for the broker than for me.
Unfortunately their RAW spreads are not woth the $7700 vs my paltry $2500. There are brokers out there charging far more reasonable fees.
Perhaps Myfxbook could look at adding in the broker commission as a separate figure.
$2500 in profit looks like nice but what we are not seeing is that the profitable trades total a grand ammount of $9900.
The rest is taken by the broker with their outragous commission of $15 per lot. So all round profitable account but more for the broker than for me.
Unfortunately their RAW spreads are not woth the $7700 vs my paltry $2500. There are brokers out there charging far more reasonable fees.
Perhaps Myfxbook could look at adding in the broker commission as a separate figure.
Wealth Creation Through Technology
Member Since Aug 20, 2009
266 posts
Mar 12, 2010 at 11:25
A picture is worth a thousand words.
<a href='https://www.myfxbook.com/files/compuforexpamm/Commission.jpg'><img src='https://www.myfxbook.com/files/compuforexpamm/Commission.jpg'/></a>
<a href='https://www.myfxbook.com/files/compuforexpamm/Commission.jpg'><img src='https://www.myfxbook.com/files/compuforexpamm/Commission.jpg'/></a>
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Wealth Creation Through Technology
Member Since Sep 04, 2009
879 posts
Mar 13, 2010 at 11:34
(edited Mar 13, 2010 at 11:34)
'Perhaps Myfxbook could look at adding in the broker commission as a separate figure.'
Yeah, great idea, this feature would be an eye opener for many of us.
For good reason we don't see on mt4 the spread profit of the broker.... the platform was designed for the broker, not for the trader....
Yeah, great idea, this feature would be an eye opener for many of us.
For good reason we don't see on mt4 the spread profit of the broker.... the platform was designed for the broker, not for the trader....
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