EFX Commission Increase

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jstockman
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EFX Commission Increase

Postby jstockman » Wed Nov 29, 2006 2:20 pm

Guys,

I just noticed that EFX raised their commission. In Oct. it was .63 cents per mini or 6.30 per contract. Now is it .66 and 6.66 respectively.

That is a 4.76% increase. What is the current inflation rate?

Jimmyj

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TheRumpledOne
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Postby TheRumpledOne » Sun Dec 03, 2006 3:41 pm

Actually, EFX Group didn't raise their commissions.

The price of the instrument is multiplied by a factor to calculate the commission.

So... the higher the price of the currency, the higher the commission.

It's still cheaper than the fixed spread brokers.
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jstockman
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Commissions

Postby jstockman » Wed Dec 06, 2006 10:01 pm

TheRumpledOne wrote:Actually, EFX Group didn't raise their commissions.

The price of the instrument is multiplied by a factor to calculate the commission.

So... the higher the price of the currency, the higher the commission.

It's still cheaper than the fixed spread brokers.


Does this means if the EUR/USD went down in price over the next few months the commission per pip would go down also?

Jim

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Postby TheRumpledOne » Thu Dec 07, 2006 12:20 am

It is commission PER LOT not per pip.

And, yes, if the price goes down, the commission charge goes down.
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