Quote:
Originally Posted by yyc196
Hi fxcruiser,
Very much appreciate your sharing on PFG, I think much of your experience with PFG come from futures trading. However, if possible I am looking for more information on the Forex especially in term of the charges that will ultimatly made on the clients for instances:
1) Commission - They had yet gave me a proper reply.
2) Pip Spread - Though pip spread is not everything a trader should look into yet it is an essential part for people who scalp.
3) Software - Until now, I still trying to know how much they charge for the software. If you look out in the forex market, many broker provides good and user friendly platform for free if you opened an account with them. I don't see a reason why I need to pay for such a high price to maintain the software, even paying lower monthly subscription is still a burden. BTW, can I trade without a platform chart, I just need a quotes board to execute my trade???
All in all, after summing up all these costs you will realise how heavy is it for new trader like me to maintain an account with this company. 
Therefore, I would appreciate if other trader who had the experience could explain these questions for me. 
Please and thanks. |
If you are really concern about the cost of doing business, i.e. pip spread, commissions, etc., my suggestion is to look at MB Trading which also uses Currenex [from what I understand] or other ECNs, where you will get more specifics on commissions and no platform fee. The platform fee alone will save you at least around $600.00 a year. I would think that you will still be using MT4 for charting, am I right?
ENJOY!
fxcruiser