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They have a 5 pip spread and it there prices appear to be in line with the
bank quotes that I see. I have not found anyone that gives better than a 5
pip spread.
There lot sizes are fixed in terms of foreign currency - 100,000 EUR,
75,000GPB, 15,000,000 JPY, and 150,000 chf.
I think that smaller accounts may also have a per trade commission.
Hope this helps,
Paul
-----Original Message-----
From: listmanager@xxxxxxxxxxxxxxx [mailto:listmanager@xxxxxxxxxxxxxxx] On
Behalf Of jdfo
Sent: Monday, January 31, 2000 2:28 PM
To: realtraders@xxxxxxxxxxxxxxx
Cc: Real Traders
Subject: [RT] Re: Forex
What are their commissions and what spreads do they tell you they are using?
The pips here could add up to a sum that make it virtually impossible to
make any money. This is extremely critical in Forex trading as I am sure
you are well aware.
Also, what market are they quoting? Are they using a bank's quotes and then
making their own market in addition to the bid/ask spread and then
commissions on top of that?
Your response will be extremely interesting?
Thanks,
JO
-----Original Message-----
From: Paul Weston <paulweston@xxxxxxxxxxxxxx>
To: realtraders@xxxxxxxxxxxxxxx <realtraders@xxxxxxxxxxxxxxx>
Date: Monday, January 31, 2000 1:36 PM
Subject: [RT] RE: Forex
>I just opened an account with them. I have demo'd their DealStation 2000
>and was impressed.
>
>Haven't used them for real yet, so will let you know.
>
>Regards,
>Paul Weston
>
>
>
>
>-----Original Message-----
>From: listmanager@xxxxxxxxxxxxxxx [mailto:listmanager@xxxxxxxxxxxxxxx] On
>Behalf Of William
>Sent: Sunday, January 30, 2000 8:31 PM
>To: realtraders@xxxxxxxxxxxxxxx
>Subject: [RT] Forex
>
>
>
>I would appreciate feed back from traders who may have used
>"MG Financial Group" to trade Forex.
>
>Thank you, Cowboy Bill
>
>
>
>
>
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