Cheapest forex broker?

Discussion in 'Forex Brokers' started by lasner, Oct 16, 2006.

  1. lasner


    I'm looking for the cheapest broker for forex. I've been trading futures and got a $10 round turn commission through mann. I was wondering what the cheapest rate anyone has received.

  2. Round turn commission in addition to spreads can be offered in the cash market, but not with many.

    Generally its just a spread and the "round turn commission thinking", needs to be forgotten, as most Retail Spot Forex dealers/marketmaker do not charge a fixed round turn commission.

    Thus you get all of the misleading "free commissions"..."free trading" and the like in the Wild West of Retail Spot Forex.

    A fixed amount verses a PIP spread, that essentially is a percentage, is better for larger size obviously.

    Michael B.