WikiFX

Sagot

Yes, there are commissions for ECN accounts with Purple Trading, ranging from 5 to 10 USD per lot, depending on the instrument being traded. In my opinion, this is a fair commission for the tighter spreads that ECN accounts provide. The spreads for STP accounts start from 1.3 pips, while the spreads for ECN accounts start from 0.3 pips, which is great for those of us who are looking for more precision in our trades. I personally prefer the ECN account for the tighter spreads, but it’s essential to note the commission costs. If you’re someone who trades larger volumes, the commission could add up, but I think it’s worth it for the improved trading conditions. The absence of commissions for STP and PRO accounts is a definite plus if you’re looking for a cost-effective solution with no extra charges. With purple trading demo account, I was able to test all these options and assess the impact of fees on my trading performance.