Broker Spreads Comparison
4XP Zero Spread
- As per above tables using an average commission of between $ 2 to $5 per std lot that’s $3.5 * 2 = $7.00 (total per Trade)
- Average Range of GBPJPY spread is between 2 to 6 pips so average is 4 pips
Total cost of trading 1 lot GBPJPY on average with a low spread / commission broker is
4 pips spread * $12 (current pip value is $12 per $100k) = $48
Total Commission = $ 7
Total Cost = $56 per 100k lot
4 XP Trading Cost using zero spread model
Cost on spread = $0
Total Commission Cost = $30
Total Cost = $30 per 100k lot
You save 46% on each transaction ie $26 per trade
If you are quite an active trader and have an average of 3 trades a day you will save yourself $1 560 a month (trading 1 std lot) and $156 if you trade mini lots
This is quite a substantial saving lets say you have a $2000 account trading 1 mini lot on each trade you are making an additional 8% on your account each month just by using a different broker.
To find out more sign up for a demo account and find out what 4XP can offer you
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Spread Comparison
Here is an example on transaction charges for GBPJPY one of the most volatile crosses with one of the highest daily ranges and largest spreads.
