Commission fees spread
Dec 24, 2022 at 06:24
Vues 657
7 Replies
Dec 24, 2022 at 06:24
Hello to all of you,
I've been trading crypto for a few years, mainly in scalping. It works pretty well for me since I've been living from trading for almost 5 years.
I've been interested in Forex for a few months now and I've been reading a lot.
I created a demo account and it works well too, nice gains (of course a little false since it does not take into account the fees)
I want to move to a real account but I have some questions about fees, ...
I have contacted a few brokers but I have the impression that the answer is not complete.
I have contacted blueberrymarkets and they tell me that they charge $7 per $100,000 of position. Is this correct?
Regarding the spread, I could not get a clear answer from them.
Do I have to pay the spread in addition to the $7 per $100,000?
Is there a difference in fees (more expensive or cheaper) if I take a market position?
Do all brokers work the same way?
Which one do you recommend to start? I would like to put 1.000$ and possibility of leverage 50 or 100. I trade in crypto with leverage 50.
Thank you in advance for your answers.
I've been trading crypto for a few years, mainly in scalping. It works pretty well for me since I've been living from trading for almost 5 years.
I've been interested in Forex for a few months now and I've been reading a lot.
I created a demo account and it works well too, nice gains (of course a little false since it does not take into account the fees)
I want to move to a real account but I have some questions about fees, ...
I have contacted a few brokers but I have the impression that the answer is not complete.
I have contacted blueberrymarkets and they tell me that they charge $7 per $100,000 of position. Is this correct?
Regarding the spread, I could not get a clear answer from them.
Do I have to pay the spread in addition to the $7 per $100,000?
Is there a difference in fees (more expensive or cheaper) if I take a market position?
Do all brokers work the same way?
Which one do you recommend to start? I would like to put 1.000$ and possibility of leverage 50 or 100. I trade in crypto with leverage 50.
Thank you in advance for your answers.
Membre depuis Aug 05, 2021
posts 401
Dec 26, 2022 at 15:31
They wouldn't give you any information about their spreads? I can't say much about blueberry markets as I've never used them personally.
I trade with CedarFX, they don't charge commission and only have spreads (which are relatively low), so I suppose it could be said that it's easier to track those costs without having to keep up with both.
I trade with CedarFX, they don't charge commission and only have spreads (which are relatively low), so I suppose it could be said that it's easier to track those costs without having to keep up with both.
Membre depuis May 05, 2022
posts 20
Dec 27, 2022 at 10:57
Hello! I have been with CDO Markets for quite some time now. You might want to start with an ECN account. Their spreads are low and the commission is like $4.
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