Forex brokers usually give the choice of different types of accounts with fixed or variable spreads and commission or commission-free accounts. All you have to do is to pick the one that will be the most profitable according to your trading strategy.
Accounts with commissions are not for scalpers anyways, since they can’t afford to pay commission for each and every trade.
Both spread and commission are important factors to consider when choosing a broker, and the decision depends on your trading style and preferences.
Spread:
- Affects your entry and exit points.
- Brokers may offer fixed or variable spreads.
- Fixed spreads can provide consistency, while variable spreads may widen during high volatility.
- Consider if the spread is competitive for the currency pairs you intend to trade.
Commission:
- Direct cost charged by the broker per trade.
- Often associated with ECN or STP broker models.
- Can lead to tighter spreads overall, especially during low volatility.
- Might be more cost-effective for high-frequency or large-volume traders.