Question: What's the spread cost & commission of ExclusiveMarkets?
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ExclusiveMarkets Account Types Overview
ExclusiveMarkets offers various account types that come with distinct features regarding spread costs and commission fees, tailored to meet diverse trading preferences and strategies.
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Spread Costs
ExclusiveMarkets provides different spread options depending on the account type:
- Standard Account: Spreads start from 1.6 pips, which is beneficial for traders looking for competitive but not overly tight spreads.
- Cent Account: Similarly, spreads begin at 1.6 pips, providing a balance for traders managing lower risks with smaller trade sizes.
- Shares Account: Features raw spreads, appealing to traders interested in direct market access and more transparent pricing.
- Exclusive Account: Offers spreads from 0 pips, catering to high-volume traders who require tight spreads to enhance their trading efficacy.
- Standard Plus Account: Has spreads starting from 0.8 pips, positioned between the Standard and Exclusive accounts to provide a cost-effective solution for traders stepping up their trading activities.
Go to ExclusiveMarkets Official Website
Commission Fees
ExclusiveMarkets also varies its commission charges based on the account type:
- Standard and Cent Accounts
- No commission is charged, making these accounts suitable for beginners and those trading smaller volumes.
- Shares Account
- Charges a commission starting from $0.03 per stock, aimed at traders focusing on stock transactions where direct market access is prioritized.
- Exclusive Account
- A commission of $7 per lot is applied, intended for professional traders who trade large volumes and can benefit from the lower spread costs.
- Standard Plus Account
- No commission, similar to the Standard account, providing an advantage for traders making a transition to more significant trading volumes without the added cost of commissions.
These structured options ensure that traders can select an account that aligns best with their trading style and financial goals, allowing for cost efficiency and potential profit maximization within the trading environment set by ExclusiveMarkets.