Preferred Forex commission structure???

[Bregz]

Hello forex traders,

Just curious, which commission structure do you prefer?

1) Commission priced into the spread

or

2) Commission charged separetaly from the spread


Thanks

Bregz

 

[cstfx]

Number 2, because number one is a dealing desk and you are not trading directly with the market.

 

[Bongo972]

I wasn't aware there was an actual market in FX trading.

I thought it was essentially the largest banks in the world doing it OTC with no central exchange.

 

[cstfx]

Since you want to be a jackass and split hairs: (notice the common 6 letter phrasing in the accompanying links)

http://www.investopedia.com/terms/i/interbankmarket.asp

As well as:

http://www.prnewswire.co.uk/cgi/news/release?id=193308

Or you can try here:

http://www.fxmarketspace.com/

Just to name a few.

 

[Bongo972]

So all FX orders will clear through these guys right?

 

[itrader911]

thanx for the info

 

[ScapGF]

Quote from cstfx:

Since you want to be a jackass and split hairs: (notice the common 6 letter phrasing in the accompanying links)

Is it really helpful or necessary to go around calling people jackasses when they ask a perfectly legit question?

Weird...

 

[Bongo972]

Sometimes it's hard to let logic get in the way of a good insult.

 

[itrader911]

I would say a commission(broker fee) that is added into a fixed low spread. I am using MGforex, and that is what they offer. I hope that I was able to help you.

Happy trading

 

[forex162]

I definitely prefer small commissions on a naked market spread.

I trade with IB, which offers interbank rates with no markups, then tacks on a highly transparent 0.2 pip commission.

I like to know exactly what I'm paying the middleman.