Hey!
I have a question for you that keep on with daytrading where underlying products is in dollar and a currency change must be made on each trade to Dollar.
I do all my trades at CMC Markets and part of IG.
The I saw a few days ago that my profit was not really what I had counted on .. Called the CMC and IG and talked about it. They then revealed that they are taking the exchange rate + 0,03basepoints or what they said.
In other words, I get a lot worse exchange rate than the current price .. This is also when switched back!
This +0.03 basis points, they take as a fee for "services" do not understand how you can have a service fees when they are done automatically!
With that, I lose about 20SEK per trade .. may seem little but 20 * 250 days = 5000 SEK, cut 2 trades per day 5000 * 2 = 10 000 SEK per year!
My question to you is are they any online broker that does not have this "service charge"?
I have a question for you that keep on with daytrading where underlying products is in dollar and a currency change must be made on each trade to Dollar.
I do all my trades at CMC Markets and part of IG.
The I saw a few days ago that my profit was not really what I had counted on .. Called the CMC and IG and talked about it. They then revealed that they are taking the exchange rate + 0,03basepoints or what they said.
In other words, I get a lot worse exchange rate than the current price .. This is also when switched back!
This +0.03 basis points, they take as a fee for "services" do not understand how you can have a service fees when they are done automatically!
With that, I lose about 20SEK per trade .. may seem little but 20 * 250 days = 5000 SEK, cut 2 trades per day 5000 * 2 = 10 000 SEK per year!
My question to you is are they any online broker that does not have this "service charge"?
