I’m doing research to choose my first broker. Each of them propose different types of account: with fixed/variable spread, with/without commissions, with/without micro-lots, low/high leverage…Too much confusion. What’s more important? How can I make a choice in a balanced way?
I will recommend fixed spread if you are trading a system that requires that the spread does not change. Commissions are more common with ECN brokers who offer special benefits, however no commission is a popular choice with market maker brokers. Professional and newbie traders alike are often advised to use low leverage when trading.
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