StockFetcher Forums · General Discussion · forex broker<< >>Post Follow-up
einok
msg #98160
Ignore einok
12/22/2010 4:33:05 PM

looking for a replacement for thinkorswim. pretty high commissions there. any recommendations? i was looking at mbtrading, but one of their live chat didn't seem helpful.


thanks

campbellb75
101 posts
msg #98162
Ignore campbellb75
12/22/2010 5:01:23 PM

I use MBTrading as my broker for trading forex and would recommend them to anyone looking to switch. Commissions are low and customer service is excellent.

einok
msg #98163
Ignore einok
modified
12/22/2010 5:47:41 PM

so they show on their page 39 cent for 10,000 unit? So 78 cents round trip? If so, pretty good pricing. Thinkorswim is $1 or $2 per round trip.

looks like they have account fees though?

maybe i got a live chat person who was just having a bad day ??



duke56468
683 posts
msg #98169
Ignore duke56468
modified
12/22/2010 10:08:59 PM

I've heard good things about lightspeed .00395/share, not sure if they trade forex.

campbellb75
101 posts
msg #98171
Ignore campbellb75
12/23/2010 12:48:56 AM

That's correct for the commission on EUR/USD (or other non-US based currencies). It's less for USD-based currencies.

There aren't any other account fees. Which ones were you referring to?

I've been very happy with MBT since signing up. Did some research beforehand and they're one of the best and most reputable forex brokers out there.

einok
msg #98172
Ignore einok
modified
12/23/2010 1:55:18 AM

This is the link that I found

http://mbtrading.com/forexMiscFees.aspx


Are you familiar with the fees?

campbellb75
101 posts
msg #98180
Ignore campbellb75
12/23/2010 4:38:10 PM

Those aren't recurring monthly fees. Set up ACH to deposit money instead of wiring it and you won't be charged a fee. You sure you're ready to dive into the forex market if you don't understand what gets charged a fee and what doesn't?

mahkoh
891 posts
msg #98228
Ignore mahkoh
12/27/2010 9:12:11 AM

I believe MB Trading is a good choice. You can trade 0.1 lots with them, trade all day and end up with less than a $10 loss. Just make sure your broker charges commission, if that's the case they are an ECN broker and are less likely to go stop hunting.

einok
msg #98531
Ignore einok
1/10/2011 2:47:29 PM

mahkoh

with thinkorswim, you can do pip spread OR commission. i usually do 30,000 units, usually $6+ round trip

StockFetcher Forums · General Discussion · forex broker<< >>Post Follow-up

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