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| Reputable fixed-cost broker https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=3701 |
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| Author: | fundi [ Thu Jun 26, 2014 9:21 am ] |
| Post subject: | Reputable fixed-cost broker |
Hallo all, Thanks for this forum and for opportunity to interact with real & class traders. A fixed-cost broker can be beneficial for some strategies By fixed-cost, I mean a broker who either: a) charges a fixed dollar cost per month ( with no commissions and reduced spread ); or b) charges a fixed %age of earnings per month ( e.g 10% of a/c equity per month; very minimal spread and no commissions ) It's a shame the CollectiveFX has gone down ( + with people's cash ). Such a one would have been ideal. Is there other broker providing such conditions? PS: I'm not asking this to draw the ire of Steve / other members (e.g, why I'm not with GP, etc). Please don't misconstrue my post for mischief or naivety; have good reasons Thanks! |
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| Author: | fundi [ Fri Jun 27, 2014 8:09 pm ] |
| Post subject: | Reputable fixed-cost broker |
Hey peeps, Sorry to bump this up, just in-case anyone in the know missed the original query Cheers PS: have a feeling some of y'all have access to such a setup, but it's not 'publicly available'. A link or a referral (inbox?) [even if involving a fee] would be most welcome. Thanks. |
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| Author: | nonlinear [ Fri Jun 27, 2014 9:40 pm ] |
| Post subject: | Reputable fixed-cost broker |
If you trade enough lots or have a large enough account, many brokers will work with you on a fixed commission-based structure with no spreads. This usually requires some dollar per million traded or as otherwise negotiated. All you have to do is ask the broker for this if you have that kind of account; if you don't, then its not worth most brokers' efforts (unless you are family or something), in my, limited, experience anyway. |
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