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
EFX Commission Increase
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- TheRumpledOne
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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.
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.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
Please do NOT PM me with trading or coding questions, post them in a thread.
Please do NOT PM me with trading or coding questions, post them in a thread.
Commissions
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
- TheRumpledOne
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