scrappy1110
Junior member
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Not sure if you will find one my friend I have spoke to a few and they charge a percent although most of them have that percent set
CFDbroker/advisor
Newbie
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Hi my company offers a fixed 0.4% buying and selling. We are cfd advisory. Hope we can be of help, and get in touch for more info. Authorised and Regulated by the Financial Services Authority.
eagletower
Member
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as mentioned aboe E-trade do but not on DMA, if you want DMA it will be a % of the trade size
gsmithmfglobal
Newbie
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0.4% ????!!
I work at MF Global,formerly Man Financial. 0.15% com as standard with full DMA.
I work at MF Global,formerly Man Financial. 0.15% com as standard with full DMA.
eagletower
Member
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i think the OP is after a flat rate comission on CFDs as opposed to a % commision,
asitejust4u
Newbie
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guys! im looking at the UK commissions and think 0.1% is an absolute RIP OFF in AUD terms for straight online execution! ..what are UK brokers drinking? thames water. I pay AUD$8 here in Australia. So if i wanted to execute a 5000 pound order i have to pay 50gbp non advisory which is over $100!AUD ... please... thats way too much. round turn $200 for a trade and then i have to make some profit.
gsmithmfglobal
Newbie
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0.1% is a fantastic rate for any online trader receiving Direct Market Access. At $8 AUD per trade flat fee regardless of size you will not have DMA and hence not be guaranteed to be filled at the best possible price available.
0.1% of £5000 is £5 NOT £50. Most online brokers will have a minimum ticket charge in place of around £10 hence in this instance the small deal size you mentioned would carry a cost of £10, the minimum charge to any online customer.
There will always be a reason why a company is charging you a flat low cost commission rate to do business. Typically either spreads are widened or skewed against you. I can guarantee you the brokerage in question here that charge you $8AUD a trade do not let you see the order book and trade directly with the exchange with full DMA.
Theres a saying ''Buy cheap,buy twice,'' and always a reason behind somebody offering lower costs.
IG and MF are not the size they are by over-charging clients. You get what you pay for.
0.1% of £5000 is £5 NOT £50. Most online brokers will have a minimum ticket charge in place of around £10 hence in this instance the small deal size you mentioned would carry a cost of £10, the minimum charge to any online customer.
There will always be a reason why a company is charging you a flat low cost commission rate to do business. Typically either spreads are widened or skewed against you. I can guarantee you the brokerage in question here that charge you $8AUD a trade do not let you see the order book and trade directly with the exchange with full DMA.
Theres a saying ''Buy cheap,buy twice,'' and always a reason behind somebody offering lower costs.
IG and MF are not the size they are by over-charging clients. You get what you pay for.
danielmyles
Newbie
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Does anybody know of some really good CFD broker reviews site?
danielmyles
Newbie
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Thanks man, that website is great, Im looking for ideas for my cfd broker review site:CFD Brokers UK - Let Us Help You Choose One its a bit boring at the moment, hoping to make it more informative
What you are looking for is not common and I don't think you can find such a broker. A broker that charges a percentage of the deal is usually a bank, which does not have CFD products. Anyways, I think that such a calculation of commission is confusing, especially when you use leverage. Try to find low-spread brokers such as aplari or sunbirdfx and it will be easier for you work with CFDs..