gci

[nayagam]

when i surfing gci trader website. there are quoted zero commision. how is it possible. because every broker charged a commison for a lot.

senior members explain it. thank u.

 

[Blaiserboy]

They are charging a spread instead of a commission.... you will have to examine the spread carefully as it could be expensive

 

[nayagam]

how can they charge in spread. please explain briefly . thank u.

 

[duster]

how can they charge in spread. please explain briefly . thank u.

It's very simple. Let's imagine the company's spread for EUR/USD instrument is 2. The market price at the moment is 1.4212.

Instead of selling this instrument to you at the market price, the company will sell it 2 points more expensive - at 1.4214. So the company (broker) is decreasing or increasing the market price a little bit - this little surplus is the commission itself.

 

[Blaiserboy]

I suggest that you look at several brokers to determine what they are charging as a spread, it varies greatly.

 

[nayagam]

ok. i understand . which is the best broker to open a account. with low brokerage less amount.

 

[Blaiserboy]

I think that one you will have to explore for yourself. so that you are satisfied with whatever choice you make.