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Looking to trade professionally, directly with the banks
- Thread starter buzz buzz
- Start date
Quote from Lon Eagle:
On currenex euro dollar is usally 1 pip and cable 2, although it does depend on which Prime Broker or hub you are on.
Brokerage is around $20 per million dollars traded.
I dont use FXall.
Is that 1 pip all inclusive or do you still have to pay a commission? How much?
And what is the average contract sizes consisting of the 1 pip bid-ask spreads?
Quote from Inquirer:
Is that 1 pip all inclusive or do you still have to pay a commission? How much?
And what is the average contract sizes consisting of the 1 pip bid-ask spreads?
Brokerage is on top of the spread - but you can put in bids and offers so no spread if you want.
Currenex is generally good for about 25 million in 1 pip spread. Currently for 3 pip spread you can do 150 million.
with the primes it varies according to your size / monthly turnover. with the white labels who don't charge a commission, eg fxcmpro, they simply reprice you so as to extract 1 extra pip / RT on avg, which is much more costly... having said that i've seen / had better pricing at times on fxcmpro than on my RBS/Currenex access incl comm... i wld still recommend the prime type access tho'...