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How to choose the Different types of Forex Broker?

Discussion in 'Forex' started by Forextamil, Jul 30, 2020.

  1. Forextamil

    Forextamil Registered

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    Hi guys

    I think I have worked this out correctly but wanted to check it before settling on my broker.

    Assume all other things are equal, fund security, platform tech etc...

    Broker A
    Typical Spread - 1
    Commission - $5 round trip (1 lot)

    Broker B
    Typical Spread - 0.6
    Commission - $7 round trip (1 lot)

    Pip value (1 lot) - $10

    Broker A total cost of single trade - $15

    Broker B total cost of single trade - $13

    Initially, I was distracted by the lower commission rate offered by Broker A but assuming the above is correct, and all other things are the same in terms of service and platform, Broker B is the right choice.

    Am I missing anything, and in terms of charges it is just spread and commission that needs to be factored in right?

    Thank you
     
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  3. Simon Davis

    Simon Davis Registered

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    We must not waste our time into different type thing, instead we should seek for a broker of high quality. And that is all that matters. Thankfully, I have FXGiants, one of the leading companies out there with having excellent structure and features to make you fall in love with it.

    While there are extra stuff like market analysis, educational guides and all that to help with working and allows on to be able to trade rather smoothly and easily.
     
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  4. Jabir Muhsin

    Jabir Muhsin Registered

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    Choosing of right broker is enormous and is something that will have whale of a great deal effect. I am blessed on this note I am running with broker like Eurotrader who are generally exceptionally unique by all estimations and having been a genuine too. Its pleasure working with them given I can work without hardly lifting a finger and solace while there are more than 77 instruments to choose from and we can even utilize apparatuses like Market Analysis, Trading Signals, Insights and tips which all works profoundly to support us.
     
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  5. Forextamil

    Forextamil Registered

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    thanks for you reply
     

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