Original Spread Broker with Low Round Commission
Original spread accounts often incur high transaction fees。However, there are some brokers that offer lower round commissions。
Original spread accounts often incur high transaction fees。However, there are some brokers that offer lower round commissions。
Over the years, the original spread account has become a favorite of many traders。Some brokers call it an ECN account, but the philosophy remains the same。In the original spread or ECN account type, the spread may be extremely low or even zero。However, the original spread account is not completely free。
In exchange for low spreads, brokers will charge commissions, which is how they make a profit by offering affordable trading services。Keep in mind that not all brokers have the same commission fees。Some may charge lower commissions, while others charge higher。Sometimes commissions are charged on a one-sided basis, but sometimes brokers prefer to charge commissions on a round basis.。
How Brokers Charge Commissions?
In general, brokers offering unilateral commissions will require traders to pay twice。In this case, this means that the trader needs to pay a commission when opening the position and then again when closing the position。For example, a commission of $3 per side means paying $3 when opening a position and another $3 when closing a position。Total, $6 commission per round。
Best Round Commission Broker
Currently, there are many original spread brokers that offer affordable round commissions, and here are some of them:
1. IC Markets
IC Markets is one of the most popular original spread brokers with the best round commissions。The broker has two original account types, cTrader original account and MetaTrader original account。MetaTrader Original Spread Account for MT4 and MT5。For this account, the commission fee is only 3 per hand per side..$5 or $7 per round。This is quite affordable for a reliable broker like IC Markets。
Their cTrader original spread account has a lower commission fee of just $3 per $100,000 trade.。Moreover, it is actually difficult to find a broker with an original spread cTrader account。
IC Markets Standard Account is one of the best regular accounts。While most standard accounts have relatively large spreads, IC Markets only offers 0.spread of 6, which is quite strict for regular account standards。
IC Markets International Capital Markets Pty Ltd.) an online forex brokerage company operated under。Traders under Australian jurisdiction offer trading services at IC Markets-AU, which is based in Australia and licensed by the Australian Securities and Investments Commission (ASIC).。
On the other hand, non-Australian traders who open accounts with the broker are registered under the Seychelles-based IC Markets SEY and are regulated by the Seychelles Financial Services Authority (SFSA).。This dual operation is the result of the Australian Securities and Investments Commission's relatively new rules, which prohibit its regulated brokers from providing trading services outside Australia.。
IC MarketsClassified as an ECN broker offering clients MetaTrader 4, MetaTrader 5 and cTrader as platform trading options。The broker also follows market trends with cryptocurrencies as one of its products, enriching its already wide selection of trading assets, including currencies, indices, metals, energy, software, stocks and bonds.。
IC Markets "minimum deposits are at a moderate level compared to other ASIC-regulated brokers, as each customer has a deposit of $200.。Market analysis materials are also regularly prepared for trading insights on the official website of IC Markets, proving their ability to provide traders with important content created specifically for the market experts they work for.。
For payment methods, IC Markets allows financing and withdrawals via wire transfers, credit cards, PayPal, Skrill, Neteller, FasaPay, UnionPay, and BitPay's Bitcoin。The more interesting aspect of the broker is its multiple base currencies, including the US dollar, Australian dollar, euro, British pound, Singapore dollar, New Zealand dollar, Japanese yen, Swiss franc, Hong Kong dollar and Canadian dollar。
Due to the trading technology of IC Markets equipped with highly centralized servers and extremely low latency (especially on cTrader), the broker is well known for its ability to host traders with special needs for high-frequency trading and order brushing。
In summary, IC Markets is the right destination for active traders looking for well-regulated brokers。IC Markets is also flexible in terms of base currency and payment methods, which demonstrates their commitment to welcoming traders from outside their home countries.。By the end of 2019, IC Markets was offering websites in 18 international languages, including English, Korean, Indonesian, French, Spanish, Italian, Malay, German and Chinese.。
2. BDSwiss
BDSwiss is another original spread broker with one of the best round commissions。Although the broker offers a large number of account types, the most special is the original spread account - the commission fee is only $5 per round.。Best of all, the account allows traders to trade with over 250 instruments。However, the minimum deposit for this account starts at $5,000。
Traders looking for a more affordable minimum deposit should try a classic or premium account。The classic account of BDSwiss offers 1.5 pips spread, while premium accounts offer 1.1 point difference。The minimum deposit for both accounts is $100, but the number of trading instruments is different。Classic accounts have more than 250 assets, while premium accounts contain only about 70 instruments。
3. Blueberry Markets
Another broker with low round commissions is Blueberry Markets。Their original spread account did go from 0.Start at 0 while round commission is only $7。The minimum deposit is also not too large, with just $1,000, traders can use more than 300 tradable instruments。The account also allows traders to enjoy leverage of up to 1: 500 and to choose between MT4 and MT5 trading platforms.。
4. Pepperstone
Pepperstone uses multiple liquidity providers from Tier 1 banks, so they can offer one of the best raw spread accounts。Their original spread or Razor spread account actually starts at 0 spread, 0.01 hand round commission is about 0.$06, $7 per lot。
For cTrader's Razor spread account, Pepperstone implements a $6 round commission per side。If the trader's account is not USD, Pepperstone will calculate the fee for the trader's specified account currency based on the current foreign exchange rate。
Founded in 2010 by a team of experienced traders working together to improve online trading, Pepperstone is based in Melbourne, Australia and has grown into one of the world's largest forex brokers.。If a trader wants to find a broker that offers low spreads, fast execution and award-winning support, the answer is Pepperstone。
Pepperstone has strong legal safeguards as it is licensed by Australian regulators ASIC and FCA.。Traders "funds can be deposited into separate accounts at Australia's top banks, one of which is National Australia Bank (NAB).。Therefore, if a trader chooses to open an account in Pepperstone, the safety of funds is not an issue。
They successfully partnered with 23 top banks to bring bids to investors instantly via fiber optics, which enabled all orders to be executed 100% automatically with delays as low as zero..05 milliseconds, no need for trading desk intervention and re-quotation, and ultra-low transaction costs。
Pepperstone is trusted by more than 73,000 traders worldwide, processing an average of 125 per day..$500 million in trading volume and won awards for such things as:
- Best Forex ECN Broker and Best Forex Trading Support Worldwide 2019 (Europe)
Best Australian Broker and Best Trading Platform 2018 by Compare Forex Brokers
2018 UK Forex Awards Best Forex ECN Broker, Best Forex Trading Support and Best Forex Trading Conditions
With numerous awards, Pepperstone attracts more and more traders from all over the world。Pepperstone's performance rose not only because of its ultra-low spreads and fast execution services, but also because many traders were keen to trade in currencies other than the US dollar.。
As a result, Pepperstone is one of the most responsive brokers to the market because it is willing to accept deposits in 10 currencies, including the Australian dollar, the US dollar, the euro, the Canadian dollar, the British pound, the Swiss franc, the Japanese yen, the New Zealand dollar, the Singapore dollar and the Hong Kong dollar.。
Pepperstone allows traders to choose between 11 trading platforms: MT4 Desktop, MT4 Mac, MT4 iPhone, MT4 Android, MT4 iPad / Tablet, MT5, WebTrader, cTrader WebTrader, cTrader cAlgo and cTrader Mobile。The choice of trading platform is very practical for novices because it executes quickly。
When trading Forex, traders can enjoy 0 on their Razor account.0 pip original spread, over 61 currency pairs, and commission-free account funds for various deposit options。In addition to currency pairs, Pepperstone offers several types of trading tools, including indices and stocks, commodities and cryptocurrency CFD。
Commodity trading tools are very diverse, not only metals, gold and silver, but also soft commodities such as cotton, sugar, coffee, cocoa and orange juice.。Pepperstone also offers energy (oil and gas) trading.。
Pepperstone offers two types of accounts, Razor accounts and Standard accounts。If you are a beginner, it is recommended to choose a EUR / USD average spread of 1.0-1.3 point and commission-free standard account。
Traders with specific trading styles (such as scalping traders and algorithmic traders) may enjoy the traditionally lower-cost setup of Razor accounts, with a trading commission of 7 Australian dollars and a trade of 100,000 US dollars per round..01 (micro) and 1: 400 leverage to start trading。
As Pepperstone customers, traders can deposit and withdraw money through Visa, Mastercard, POLi Internet Banking, Bank Transfer, BPay, PayPal, Neteller, Skrill and Union Pay。
If you are new to trading or want to practice your trading skills in a risk-free environment, you can create a demo account, but if you are experienced or prefer to learn by doing, Pepperstone offers live accounts that allow you to trade with real-time execution and pricing.。
Traders can also use third-party services to follow popular trader scenarios while learning how to improve their trading abilities。Pepperstone works with a range of social trading platforms for traders to choose from, such as Myfxbook, ZuluTrade, Mirror Trader, MetaTrader Signals and Duplitrade。
5. Vantage
There are two types of ECN accounts in Vantage, called raw ECN and Pro ECN。The commission of the original ECN is divided according to the account currency and the number of lots.。For example, for 0.01 lots of dollar accounts, each round will be charged 0.$06 fee。At the same time, the commission is $6 per lot.。
Commission fees for professional ECN accounts are also divided by the same category, but the amount is slightly lower。USD trading account per 0.01 hand will charge 0.$035 round commission of 3 per lot.5美元。In short, this is a cheaper option compared to the original ECN。
Founded in Australia in 2009, Vantage Markets is a brand of Vantage International Group regulated by the Cayman Islands Monetary Authority (CIMA).。Before being called Vantage Markets, it was called MXT Global in 2009 and Vantage Markets Pty LTD in 2015.。The Vantage Group also operates other companies such as Vantage Global Prime (ASIC), which is regulated by the Australian Securities and Investments Commission, and the Financial Conduct Authority (FCA).。
Vantage Markets offers further protection to clients by segregating their funds and depositing them in National Australia Bank (NAB), the broker said.。NAB is one of Australia's four largest financial institutions and one of the 20 safest banks in the world.。So customers don't have to worry about putting money in Vantage Markets。
With Vantage Markets, traders will experience ultra-fast trade execution, as well as interbank ratings and raw ECN spreads.。These elements can provide clients with a true institutional trading experience, covering a variety of trading tools, and also providing services designed for beginners and professionals to trade Forex ECN and CFD trading of indices, commodities and US and Hong Kong stocks。These tools are available on MetaTrader 4, MetaTrader 5, MetaTrader WebTrader, TradingView's CHARTS, mobile apps (for Mac, PC, iOS or Android), and social trading platforms such as FXbook and Zulutrade。
By registering at Vantage Markets, traders will have access to a range of educational materials and research tools, including the MT4 SmartTrader tool, a variety of promotional trading offers and rewards programs, and accounts with leverage up to 500: 1.。However, ASIC and FCA customers have a leverage of 30: 1 and generally do not offer concessions to Australian and UK customers due to compliance policies.。
Vantage Markets offers research from internal staff and guest writers in the form of technical and fundamental analysis on its blog, as well as an economic calendar powered by MQL5 from MetaQuotes。For customers with deposits of at least $1,000, Vantage Markets offers a set of MT4 plugins developed by FX Blue LLP called MT4 SmartTrader Tools。
As an authorized representative of Vantage Global Prime, the broker serves retail traders under the Vantage Markets brand and provides the following tools:
- 44 currency pairs, the most liquid currency in the global foreign exchange market
The 16 most liquid indices in the world, including the S & P 500, DAX, FTSE, DJ30 and more
16 Commodities, whether Soft Commodities or Precious Metals
DJ30ft, DAX4ft, NAS100ft and other 5 index futures
600 + US, UK, Hong Kong stocks from large companies such as Apple, Google, Coca-Cola and large companies listed on the Hong Kong Stock Exchange
Customers can open an account with Vantage Markets and deposit funds in 8 base currencies: US Dollar, British Pound, Canadian Dollar, Australian Dollar, Euro, Singapore Dollar, New Zealand Dollar, Hong Kong Dollar and Japanese Yen。It also provides customers with convenient deposit and withdrawal methods through local and international bank transfers, credit / debit cards and electronic payments.。
Overall, Vantage Markets is suitable for retail traders who have small deposits and prefer high leverage。In terms of pricing, Vantage's commission-based initial ECN account is a clear choice for cost-sensitive traders because of its low total cost compared to standard account products。
6. FP Markets
With a minimum deposit of A $100 or equivalent, FP Markets is one of the most affordable brokers。In addition, they offer affordable round commissions of just $6。Traders will be able to trade with more than 60 instruments, including forex pairs, metals, indices and commodities。FP Markets also equipped its original spread account with a maximum leverage of 1: 500.。
Maintaining an overnight position will not result in overnight / rollover fees reducing your income, so you don't have to worry about。FP Markets offers the most competitive swap rates in the industry by introducing swap points in the form of real-time swap rate listings on the MT4 and MT5 platforms。For example:
- ACWI: long position is -5.00, the short position is -2.50。
ADAUSD: long position at -20.00, with a short position of -20.00。
AGG: long position is -5.00, the short position is -2.50。
Conclusion
For traders looking to reduce transaction costs, using a raw spread account can be an affordable option。However, sometimes the spread may float。This means that spreads are likely to widen as market volatility increases, and that the original spreads often come with commissions.。
As a solution, some original spread brokers offer affordable round commissions。This way, transaction costs can still be reduced when trading in the original spread account。In addition to this, traders should also check other "invisible" costs, which may vary according to each broker's policy。
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