Ok, my first post here and I read the rules so I try not to mention services by title but I'm sure for the experienced you can guess who I'm referring to.
I'm scalping with an ECN broker which costs $0.5 per 10K lots which is $$$ expensive! I fully understood the gravity of this when in the end of the week I made $400 in trades but I paid $200 at commission, nearly half of my earning! WHAT THE .... Lol
I'm using that service because it's popular with many very good reviews and so forth and so forth and besides the price of commission I don't have any real complaints. It is a good broker. And I have also attempted MM brokers before but I always lost money with them, my opinion.
But there has to be competition to it someplace which is cheaper, ideal!?
According to some other website (pinch of salt here )
The least expensive I found is $0.25 a trip but not certain if that broker is up and running as there is no reply to my emails.
Anyone willing and brave enough to discuss this topic? Perhaps we can make the other $$ broker sweat a bit
And another thing , whilst I was doing a search from the website about ECN brokers, just how would you know if it's really an ECN broker, they say that they are but how can a retailer check!? I have seen some who claim to be ECN however their spreads are fixed. How can that be?
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