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EFX Commission Increase
Posted: Wed Nov 29, 2006 2:20 pm
by jstockman
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
Posted: Sun Dec 03, 2006 3:41 pm
by TheRumpledOne
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.
Commissions
Posted: Wed Dec 06, 2006 10:01 pm
by jstockman
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
Posted: Thu Dec 07, 2006 12:20 am
by TheRumpledOne
It is commission PER LOT not per pip.
And, yes, if the price goes down, the commission charge goes down.