The Top 4 Brokers With The Cheapest ... - Warrior Trading

Is trading stocks with $1000 more viable now that TOS has $0 commissions or is trading forex still a better option

submitted by tepmam to Daytrading [link] [comments]

What are the commissions for trading in Forex?

With Forex trading, the brokers constantly advertise "no commission". And, of course that's true - except for a few brokers, who do charge a commission similar to stocks. But also, of course, the brokers aren't performing their trading services for free. They too make money.
The way they do that is by charging the investor a "spread". Simply put, the spread is the difference between the bid price and the ask price for the currency being traded. The broker will add this spread onto the price of the trade and keep it as their fee for trading. So, while it isn't a commission per se, it behaves in practically the same way. It is just a little more hidden.
The good news though is that typically this spread is only charged on one side of the transaction. In other words, you don't pay the spread when you buy AND then again when you sell. It is usually only charged on the "buy" side of the trades.
So the spread really is your primary cost of trading the Forex and you should pay attention to the details of what the different brokers offer.
The spreads offered can vary pretty dramatically from broker to broker. And while it may not seem like much of a difference to be trading with a 5 pip spread vs. a 4 pip spread, it actually can add up very quickly when you multiply it out by how many trades you make and how much money you're trading. Think about it, 4 pips vs. 5 pips is a difference of 25% on your trading costs.
The other thing to recognize is that spreads can vary based on what currencies you're trading and what type of account you open.
Most brokers will give you different spreads for different currencies. The most popular currency pairs like the EURUSD or GBPUSD will typically have the lowest spreads, while currencies that have less demand will likely be traded with higher spreads. Be sure to think about what currencies you are most likely to be trading and find out what your spreads will be for those currencies.
Also, some brokers will offer different spreads for different types of accounts. A mini account, for example, may be subject to higher spreads than a full contract account.
I have been using the same broker for over 5 years now and am very happy with their service and returns. 📷
source:- https://smartfxtrader.com/
submitted by Rohitpure to u/Rohitpure [link] [comments]

Top Forex Trading Broker With Lowest Spread And No Commission

Top Forex Trading Broker With Lowest Spread And No Commission submitted by toplistsonline to u/toplistsonline [link] [comments]

Ontario Securities Commission Warns Canadians About Unlicensed Forex Brokers: CFD Capital Markets & Apex One Trading Group

Ontario Securities Commission Warns Canadians About Unlicensed Forex Brokers: CFD Capital Markets & Apex One Trading Group submitted by DarthFace1 to ontario [link] [comments]

Dodgy broker practices?

So this has been bothering me for a few days.
Last week I saw a trade setup on tradingview I placed on my MT5 account with my broker. Now that trade hit the stop loss but as it was a tight stop, I lost very little money and I thought it was legit until I checked tradingview.
The wick on the bar that hit my stop loss didnt exist on trading view but it was huge on my chart on MT5. Is this some sort of broker game to scam people and take their money?
submitted by I_BA1LEY_I to Forex [link] [comments]

FOX TRADING IS EXCLUSIVE TRADING SERVICE FOR FOREX AND CRYPTOCURRENCIES Earn 20% commission in ETH on ALL of your referrals (future) investments - forever! Extra 5 FOXT tokens for each referred user! LIMITED TO 50,000 FOXT

FOX TRADING IS EXCLUSIVE TRADING SERVICE FOR FOREX AND CRYPTOCURRENCIES Earn 20% commission in ETH on ALL of your referrals (future) investments - forever! Extra 5 FOXT tokens for each referred user! LIMITED TO 50,000 FOXT submitted by perper350 to CryptoAirdrop [link] [comments]

Where is the commission in Forex Trading?

There are several broker who takes the order to an exchange and attempts to execute it as per the customer's instructions. But still is there any commission?
submitted by mirriammacwilliams to investing [link] [comments]

Question about a broker (Pepperstone)

I just found out the broker Pepperstone, very low spread, ECN account, ASIC FCA and FCB regulated, but take commission.
I would like to know:
-Does it takes commission on lost trade ? (i suppose yes)
-What is the round turn meaning on commissions?
-Does this broker seems fine by your standards? any negative thoughts?
Thanks a lot for futur replies
submitted by SilentMediator to Forex [link] [comments]

Ontario Securities Commission Warns Canadians About Unlicensed Forex Brokers: CFD Capital Markets & Apex One Trading Group

Ontario Securities Commission Warns Canadians About Unlicensed Forex Brokers: CFD Capital Markets & Apex One Trading Group submitted by DarthFace1 to canada [link] [comments]

Forex broker recomendations

Hi. I am left with some extra money every month, I will try to learn trading on FX market and I am just wondering if anyone can recommend some reliable broker. I have been trading with forex.com for couple of months just small trades and I made a decent profit on shares of a certain company, same day they took all the profits away and my initial investment too. Claiming there was a mistake in pricing. Anyway I consider it a dick move, me paying for their faults... That is under investigation but I do not feel conmfortable trading with them any longer. That is why I am asking for an advice
submitted by thermyx to UKPersonalFinance [link] [comments]

How does a Retail B.roker execute its client's orders?

If I submit a buy order with a dealing desk broker, does the retail broker also have to submit a buy order with their liquidity providers, in order to offset my buy order? Or can it simply take the other side of my trade?
submitted by BasicTradering23 to Forex [link] [comments]

Forex trader switching to futures - please help me wrap my head around pricing/fees

I'm a somewhat experienced forex trader but I feel like the advantages of a more tangible/centralized market and volume information are too significant to pass up, so I'm trying to make the switch to trading futures. I have experience charting with Tradingview, so I'm particularly interested in opening an account with AMP and trading through TV, but there seem to be a lot of different fees in futures to consider versus forex, so I'm having a hard time figuring out exactly what it would cost me to trade that way.
It's my understanding that if I want to just stick to E-minis, I'd be looking at the $10+1 per month fee for the CME data feed and the commission (plus CQG route fee and exchange fees) per contract per side. Are there any other fees or considerations I'm missing? Is this an adequate setup for trading ES?
submitted by Sirspen to FuturesTrading [link] [comments]

Best CFD broker?

So I’ve been using Trading212’s CFD platform and yes while it is very user friendly and I have no problems at all other than the spread size on certain stocks. Even $NVAX has a $1 Sell buy spread which is a lot when you have 1k contracts. The spreads are just completely unacceptable and it’s literally daylight robbery. Can anyone recommend a CFD broker that has tight spreads, low commissions and a wide variety of instruments? I’ve tested IG’s CFD demo and the commission is just stupidly high on US stocks.
Thanks in advanced.
submitted by Appropriate-Cheetah4 to UKInvesting [link] [comments]

Which Broker to use if you have <100K

Hi, i am 23 right now and have been investing in stocks for a while. I'm currently using DBSV for sg stocks and Saxo for US stocks. Is IBKR better for US stocks in terms of overall fees ( Transaction, exchange rates, etc) if I have less than 100k invested and incur the monthly $10 fee?
Really appreciate replies as i'm on a dilemma right now!
submitted by DomIsHEERE to singaporefi [link] [comments]

Exposing Forex gurus

I created this thread to have a laugh with other traders, during the first half of my learning process I have trusted a few gurus with signals that ended up just being people writing fake testimonies with bots , this one trade on AUDCAD was a complete flop and he make bots say how much money they got from the trade meanwhile everybody in the chat took a big L😂 what are some funny stories that you guys have?
submitted by JTThaTrader516 to Forex [link] [comments]

best offshore trading platform/broker (no PDT rule) with lowest/no fees?

Hi,
I'm trying to find an offshore broker (in order to avoid PDT rule) with low/no fees, good execution and an API or ways to automate the trading with scripts. Can you share some names and your personal experience with these brokers? Thanks a lot.
submitted by Arnoldo1466 to Daytrading [link] [comments]

Broker Recommendations for HFT in Canada

As the title says, I’m looking for broker recommendations for high frequency trading in Canada.
I’m open to recommendations based on anything, whether it’s rates for live market data, commission fees, access to historical data for backtesting, or whatever else you feel makes the broker competitive.
Looking to trade forex and stocks.
submitted by magnifia to algotrading [link] [comments]

How much of my portfolio should I move to Wealthsimple?

Hello PFC,
I primarily bank and trade with BMO, although I also have an account with HSBC. I was quite a passive investor, but now I want to trade more actively, and Wealthsimple with their zero commission trades and no maintenance fees seem like a no brainer. I would like some advice on which parts of my portfolio I should transfer to Wealthsimple, so that I can save the most on fees and avoid Wealthsimple's Forex fees.
I have a premium plan with BMO and have:
-USD accounts (used for transferring USD to Investorline for USD trades)
-RRSP (Holding BMO ETFs and Mutual Funds, around 10K total)
-TFSA (Holding BMO ETFS, Mutual Funds and Savings, around 15K total )
-Investorline TFSA ( Canadian stocks, around 20K)
-Investorline non-registered (US Stocks, around 10K)

Thank for your help!
(edited to add dollar estimates )
submitted by SuicuneGX to PersonalFinanceCanada [link] [comments]

Instagram forex traders will not make you successful.

I feel like I need to have a rant.
I have been trading for just over a year now and I have just started to become profitable. What made me profitable? Blocking out all of the rubbish that comes from forex Instagram. I didn’t find a fancy new strategy. I’m using the strategy that I formed in the first 3 months of me trading. So why only now am I starting to become profitable when I knew about the strategy almost a year ago?
Because i chose to digest information coming from instagram forex traders.
I’m not talking about the obvious scammers you see on your Instagram feed such as IML, broker commission marketers, or any of the likes. I’m talking about the select few that portray themselves as trading veterans and are popular in the trading community. They are constantly posting on their stories/profile 24/7. At least once a day they will post something like ‘only 2 slots left In my mentorship’ or ‘come join my free telegram channel’. Warning: if a trader you follow is trying to promote something, even if it’s just for Instagram followers, unfollow them. They will not help you become successful.
So I had my strategy by month 3 of trading. I backtested it and it worked. But I started taking advice from these traders, I got my hands on a few of their courses and my trading began to fail. Every single course was pathetic. Never showed any live trading. No proof of anything. Always making excuses of why they can’t tag their MyFxBook.
I unfollowed all these ‘traders’ and now I am profitable.
Rant over.
submitted by zor600 to Forex [link] [comments]

What forex website should I learn on with a demo account?

I'm new to forex and trading in general, and I want to try a demo account out on a website that supports USA. Which one would be best for this? I was looking at a website called libertex888, but they don't support USA, and I'm not even sure if they are trustworthy. I like libertex because it allows you to trade in other stuff like precious metals, crypto, too, so if there's another website like that I would be interested. Unless those websites charge too much commission, etc. Hoping for some good advice, thanks. I want to learn and demo a website that I can use when I start using actual money.
submitted by forexnoob123 to Forex [link] [comments]

Trading Educators. If you're new how you should see them & why their students defend them even if they're not profitable

As the smart people in trading communities know; Most educators are frauds there's always a narrative that they're experts in the business but they're never track records (third party verified) or live trading statements to back it up.
There whole model is to create conflict of interests with the trader to shill courses, services and '70% accurate signals' and even recommend brokers for commission using Introducing Broker agreements or Affiliate links.
If you're new to trading regardless of the asset class i'd view whoever wants to teach you whether you pay for it or not as a business teacher; They have no success in business (The Majority) But they're legally able to teach the theory regarding business...

Why people back gurus up:
#1 They feel like they're in an elite community lead by success; sadly newbies are often mislead
#2 They buy courses/services and they feel like they have learn't something such as basic risk management, price action, support and resistance etc, wyckoff theory, all which can be found online.
#3 When their victims fail they often blame themeselves because so many of their students back their favourite traders no matter the scrutinity/evidence.
#4 Their students sign NDAs with the Trader before getting access to Trading groups & Materials so if they discuss anything or they will get punished (Inner Circle Trader ICT) Is a fake forex trader who does this practice.
#5 The person defends the guru for not selling anything although he has affiliate links, promotes people or something else such as brokers or prop firms...

Example of a poor brainwashed forex trader:
I watch raja lives (Wicksdontlie)
If uncle ted is there n dropping knowledge I soak it up
U literally can’t say rajas faking it bc it’s all there the trades he takes what he loves off of
Anything can be faked especially in the forex industry just look at my recent posts on daytrading or forex and you'll see.

Don't fall for these 'Educators' who need you to buy there courses for 100s to thousands of dollars and sell signals for a subscriptions if you do the numbers you'll find out for yourself their incentive:
YT channel 40000 subscribers sells a $500 course assuming 2% of his audience buys his course 800 people that's 800*500 that's $400000 easily made and completely passive many offer additional services such as signals and more for a fixed subscription ex. $25 a month if 2% of his audience subscribes to it that's 800*25 that's s cool $20000 a month and yes they may get less than a 2% conversion rate but 2-3% is average and even if 1% participate that person makes alot of money very easily...
submitted by HelpfulTear to Daytrading [link] [comments]

Best Broker for Day Trading in Canada

Most likely this question has been answered already so if someone can link it or give a short answer. I’m new to trading so I’m not looking for really high commission fees. Thanks
submitted by _asaad_ to Daytrading [link] [comments]

Commissioning Simulation Model Estratto #1 - Corso Starter Advanced 04 - SIMATIC Software - Testing and Commissioning Kayoola buses now on market Section0701Video6 Ricky Gutierrez - YouTube

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