WikiFX

Sagot

MidasFX charges a commission of $5 per $100,000 traded on ECN accounts, which is standard for brokers offering direct market access with low spreads. However, STD accounts have no commission but come with wider spreads starting from 0.7 pips. As a trader, I would consider which account type fits my style of trading. If I prefer tight spreads and direct market access, I’d go for the ECN account, but I’d need to factor in the commission fees. Personally, I find ECN accounts appealing, but I’d want to be mindful of the commission when calculating trading costs.