raw spread vs standard account which is better
On the other hand, swing trading is a much better strategy for trading with these types of brokers because they can easily hedge themselves against such traders if they have to.
IC Markets adds a flat 1 pip to the spreads on the Standard account (1.4 pips). This is because MT5 when first released did not allow the ability to hedge as this is not permitted in US markets.
The standard account has no commissions (ideal for beginner traders) The raw spread account has modest commissions but dramatically lower spreads. Why do you think there are so many dealers looking for jobs right now? With standard account, you have the best conditions your broker has to offer - this usually means less variation in the spread. Did you like what you read? Justin holds a Masters Degree and an Honours in Commerce from Monash University. This means the broker is the liquidity provider or “counter party” to your trade. Brokers in the spot forex market are not scalper friendly and are motivated to prevent scalpers from operating. For this reason, while not completely a true ECN broker, IC Markets can offer what they call an ECN pricing model.This kind of trading model is why IC Markets are known as an ‘A’ book broker. The EUR/USD pair might be offering a spread of something like two pips, and while most of the time that is more expensive than an ECN, when it comes to news related events it can save you quite a bit of trouble.The downside of course is that if you are a frequent trader, you might be paying something like 1.5 pips extra per trade. ” and then further down, “One disadvantage is you are paying a commission which can really add up if you trade too small and too frequently.This is confusing. On this account we charge a commission of $6 per standard lot round turn.Website operated by Fair Forex Limited c/o Suite 305, Griffith Corporate Centre, Beachmont, Box 1510, Kingstown, St Vincent and the Grenadines. In the case of spot forex, if you trade on an ECN, it could be a bank on the other side of your trade, or another trader like yourself.ECN’s are more natural markets since there is no one dealer in control of the quotes. However, if you are more apt to have a position on for days or weeks, at this point neither is going to make much of a difference as you don’t have a lot of cost involved.Figure out which broker you need based upon the idea of expenses. We recommend joining an IC Markets demo account and trading with micro lots until you are comfortable trading with fx.Regardless of which type of trading account you select, it is important to remember that forex markets are very volatile so you will want to ensure you fully understand the risks involved with forex trading and CFD trading.
Commission for IC Markets RAW account with MetaTrader trading platform depends on the number of lots you trade while the cTrader platform depends on the spot rate of the currency pairing when you go short or long.IC Markets charge the following commission for RAW accounts for MetaTraderThe commission will vary depending on your account currency.cTrader, unlike MT4, is based on a charge of USD $3 per USD$100,000 traded one way ($6 round trip) rather than lots. The commission needs to be converted to the base currency at the spot rate.
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