Fxview, Lowest Commission from Regulated Forex Broker
Let’s be honest, what is the first thing you check on the regulated broker when you go to their website? Is it how tight and close the spreads are? Or is it how low and affordable the commission is? Or are you looking for a specific account type?
I always thought that the spread plays a factoring role in deciding whether the broker can make a profitable return to their clients in trading. But the more time I spent on researching the forex broker and their factors from the traders’ perspective, the more I realized that the commission is also part of the most defining factors with spreads in making and breaking of choosing the forex broker.
The one thing for sure is that whether the spread is tight or not, you will still be able to make a profit (or losses if you are not being careful). But ultimately, when the commission charge is higher, your profit will be affected, especially for scalpers expecting quick in/out.
Fxview is one of the few regulated forex brokers out there, offering the lowest commission charge — $1 per 100k per side. For the sake of comparison of other solid forex brokers, the commission for per lot (100k) are:
ICMarket — $3.5 RT
Tickmill — $ 4 RT
FP Market — $ 6 RT
Pepperstone — $ 7 RT
FxPro — $ 9 RT
As seen, Fxview is the lowest when being compared to the other good reputed forex broker. And to couple that up with the fact that Fxview is offering tight spreads across all major pairs (look at the image below), and the speed for the execution of an order is very swift.
To sum it up, if you are that type of trader who wants to make a good profit but gets annoyed at the fact that a hefty amount of spreads and commission are being charged, then Fxview is the right choice if all other requirements are being met. While I close this up, I do hope people had a pleasant time reading this topic. Happy trading!
