You can go for a 0 commission broker but, you will have to pay for spreads instead.
Can you avoid broker’s fees?
- Thread starter jaclkiefrench
- Start date
If you trade a lot of shares like I do, then better to switch to a prop firm as they are competitive in terms of commissions and you get good leverage on capital. Though you will have to split generally between 15-20% profits with them for that leverage
What commission do you get?
This thread is not on subject. There is a mixing of answers which should be different for different financial instruments. You are a sponsor but you don't answer a straight forward question
Are we talking forex or stocks?
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Are you trading forex or stocks? You started the thread on the forex forum but now you are talking about shares.
Your response is a lawyer's answer.This thread is posted in the Forex section
Sorry people I replied without realizing it is a forex thread. Btw in reply to this question I pay .003/share commission on stocks currently
I'm sure that there are some ways how to avoid brokers' fees, however I don't think it's legal. Some of the penalties which can be applied to you because of fraud are just the block of your personal account, but some brokers really can apply to the court. Such cases are pretty rare phenomenon. In my opinion, traders should comply with all requirements of brokers, because they have to understand that brokers also hould earn money. They earn money by various systems of fees, taxes and commissions. These are the only ways for them to earn money, moreover they have to create something new in order to attract more traffic.
Nothing is free of charge on the forex market.
First of all, you need to examine your current trading conditions and understand how much money you pay to the broker. You'd better analyse every trade you made and point out the spreads, commissions and other fees. After you have a clear-cut idea of the current trading conditions which you have trading with your specific broker can you look for other brokers to compare trading conditions which they offer. It is actually quite a common thing among the newbies when they have to give their broker the major part of their profits. Mainly it happens because of the fact that they make mistakes while choosing their first broker.
All in all, every broker charges fees because otherwise they were no brokers. However, the fees are different and you'd better find the best broker for your concrete trading style.
First of all, you need to examine your current trading conditions and understand how much money you pay to the broker. You'd better analyse every trade you made and point out the spreads, commissions and other fees. After you have a clear-cut idea of the current trading conditions which you have trading with your specific broker can you look for other brokers to compare trading conditions which they offer. It is actually quite a common thing among the newbies when they have to give their broker the major part of their profits. Mainly it happens because of the fact that they make mistakes while choosing their first broker.
All in all, every broker charges fees because otherwise they were no brokers. However, the fees are different and you'd better find the best broker for your concrete trading style.