Commissions - are these standard?

Oghmaron said:
The amount you pay a broker as a commission depends on your choice of broker and the asset class you are trading.
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A broker and trader share a special relation with each other because a broker is the extension of the trader’s learning and experience. There can be an endless basis on which a trader chooses a broker like the spreads, leverages, order processing times etc. The broker charges the fees for the features it provides.
 
I think the brokerage fees are the same for whichever the security you deal with or trade/invest. The main difference is between the different types of accounts such as ECN, STP etc. where the collection models are different.
 
Gleycooym said:
I think the brokerage fees are the same for whichever the security you deal with or trade/invest. The main difference is between the different types of accounts such as ECN, STP etc. where the collection models are different.
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I have a pure ECN account from the broker Fxview which is so much easy to understand because it charges just 1 dollar per lot. And then I use an STP account with XTB as well, where there is no brokerage but they earn their commission from the spreads in different types of security. So basically in STP there is an illusion that no brokerage is charged but the broker also needs to earn its daily bread. I think the brokers should be just a tad more clearer about their policies.
 
That depends on what you are trying to trade. Try to pay attention to the commissions per trade. Don’t pay more than what’s required.
 
Mirthsmith said:
I have a pure ECN account from the broker Fxview which is so much easy to understand because it charges just 1 dollar per lot. And then I use an STP account with XTB as well, where there is no brokerage but they earn their commission from the spreads in different types of security. So basically in STP there is an illusion that no brokerage is charged but the broker also needs to earn its daily bread. I think the brokers should be just a tad more clearer about their policies.
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A trader should always consider the brokerage fees while trading because it is also a considerable part of your capital. I am not saying neglect the broker or make your choice based on this parameter but consider the brokerage fees which you will be paying to the broker.
 
The standard amount of commissions is determined by everyone for himself, so you need to pay attention to this when you make a choice.
 
Indeed, we can say that the commission is a certain amount, only this amount is determined by each broker separately.
 
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