Preferred Forex commission structure???

Hello forex traders,

Just curious, which commission structure do you prefer?

1) Commission priced into the spread

or

2) Commission charged separetaly from the spread


Thanks

Bregz

 

Number 2, because number one is a dealing desk and you are not trading directly with the market.

 

I wasn't aware there was an actual market in FX trading.

I thought it was essentially the largest banks in the world doing it OTC with no central exchange.

 

Since you want to be a jackass and split hairs: (notice the common 6 letter phrasing in the accompanying links)

http://www.investopedia.com/terms/i/interbankmarket.asp

As well as:

http://www.prnewswire.co.uk/cgi/news/release?id=193308

Or you can try here:

http://www.fxmarketspace.com/

Just to name a few.

 

So all FX orders will clear through these guys right?

 

thanx for the info

 

Is it really helpful or necessary to go around calling people jackasses when they ask a perfectly legit question?

Weird...

 

Sometimes it's hard to let logic get in the way of a good insult.

 

I would say a commission(broker fee) that is added into a fixed low spread. I am using MGforex, and that is what they offer. I hope that I was able to help you.

Happy trading

 

I definitely prefer small commissions on a naked market spread.

I trade with IB, which offers interbank rates with no markups, then tacks on a highly transparent 0.2 pip commission.

I like to know exactly what I'm paying the middleman.