0 fx spread from another broker?

Discussion in 'Forex Brokers' started by Nashequilibrium, Sep 18, 2009.

  1. I notice that FX club is offering 0 spread, is anyone using this. I notice that they meet the NFA cap requirements but they seem fairly new anyone with experience on their platform? Also scalpers must love this but does it look like they give scalpers a tough time.
  2. sakhter


    Have fun paying that commission.
  3. what do u mean?
  4. sakhter


    they don't charge you a spread. But you get charged a commission which is basically like paying the spread..

    "simple flat rate of just $0.40 for every $1,000 lot. "

    To trade a mini--$10,000 notational value-- commission is $4 vs spread which is $2.
  5. Commission, is 40c for $1000 margin trade. Only if the trade is profitable, will you have to pay that commision.
  6. Its usually $30 on a $1000 margin trade if the spread is 3points.

  7. I see, i thought $1000 in margin, meaning allowed to control $100 000. Therefore, the correct amount would be 100 times 0.40c, being $40!

  8. Hmm you only have to pay when your trade is profitable...what does that tell us? Hmmm? ;-)

  9. I have been in this business 8yrs, so not surprised, i always look for the catch!