It's worth mentioning that while the Standard account may seem more cost-effective due to the absence of commissions, traders should carefully consider the overall trading costs, including the spread, before making a decision.
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MariaTue Oct 22 2024
At FOREX.com, clients have the option to choose between two pricing models for their trading accounts: RAW Pricing and Standard. It's important to note that the charging structure differs between these two options, particularly in regards to commissions.
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LorenzoTue Oct 22 2024
For those opting for the RAW Pricing account, FOREX.com imposes a commission fee. This fee is calculated as $7 per $100,000 USD traded, which means that the larger the volume of your trades, the higher the commission you will incur.
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KpopStarletShineTue Oct 22 2024
Conversely, clients who prefer the Standard pricing model are exempt from paying commissions. Instead, the cost of trading is reflected solely in the spread, which is the difference between the buy and sell prices of a currency pair.
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EnricoMon Oct 21 2024
In addition to these pricing models, traders can also consider alternative platforms for their cryptocurrency needs, such as BTCC. As a leading exchange, BTCC offers a range of services including spot trading, futures, and wallets, catering to the diverse requirements of its users.