What's the catch with FX club?

Discussion in 'Forex Brokers' started by youngbeast777, Oct 25, 2009.

  1. I'm thinking of switching over, they say "no spreads" but the commission is .40 per $1,000 lot.... I usually trade 4 lots about 400:1 leverage, I'm awful at math what is the total commission if I buy and sell?? thanks guys
  2. Oh boy...........:eek:
  3. :D public school math product...im confused...if I do 400:1 on 4 lots is............

    Standard lot size is 100,000 x 400 leverage = 400,000 x 4 lots = 1,600,000 divided by 1,000 x .40 = $640 commission (16 pip spread LMAO)? does this sound right? :confused:
  4. Get a (new) calculator/keyboard/brain....:)
  5. euclid


    What is it that makes people who can't even work a calculator think they can trade forex? :confused:
  6. relax.

    FX club will guide him to riches. no need for the heavy math stuff.