Spread AND Commission

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Quinton Carroll
319
Quinton Carroll  

Hi

Please excuse my ignorance...

I am currently testing a strategy that I have build in MT4, and it seems to be very profitable in back testing and also looks pretty good in demo account testing.

I am pretty close to opening a real account and making a deposit to beginning live trading, but the costs of trading make me a little concerned that I may not make any profits once the trading costs take effect.

I'm currently using SunbirdFX, and I see that they charge a commission of $5.50 per lot. They also apply a spread to their currency pairs.

Am I correct in assuming that this is a double charge for the trades? Or have I got it all wrong?

Based on minimum deposit and reliability, what other trading sites can you recommend that you use?

szgy74
248
szgy74  
quincarroll: they charge a commission of $5.50 per lot. They also apply a spread to their currency pairs.

Am I correct in assuming that this is a double charge for the trades? Or have I got it all wrong?

look at the commission details: if you see $5.50 per SIDE then they will charge $11, which is quite high. You can see this instantly when you open a trade in the demo account. Usually the spreads are much lower with commission, instead of 2..4 pips it is between 0 and 0.5 pips.

Simon Gniadkowski
17602
Simon Gniadkowski  
quincarroll:

Hi

Based on minimum deposit and reliability, what other trading sites can you recommend that you use?

Sorry, we do not discuss Brokers on this Forum, please do not try to.
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