Quote:
Originally Posted by Kenny Rogers
What is the typical LIVE account spread on AUDJPY and NZDJPY? I picked some exotics to see what kinds of spreads are at MBT. Can you factor in commission so we can get a representative savings vs. a traditional MT4 broker? Thanks.
|
Typically spread for both of these pairs is about 4-5 pips, plus you'll have a commission of $3.00 - $4.00 per 100k traded on either of these pairs.
Commission Math
AUD/JPY - Exotic: US dollar is available as cross currency (AUD/JPY)
Use AUD/USD's current rate at the time the position is opened for AUD/JPY, keeping in mind that with an exotic, we reference the base currency's relationship to the US Dollar:
Formula: Deal Size X Deal Rate of AUD/USD X 0.00005
100,000 currency (1 lot) x $.7190 (AUD/USD rate)
$71,900 x $.00005 = $3.60
So average cost $3.60 + 4-5 pip spread.