Brokers commissions

lincdales

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Hi,
I've been virtual trading for a few weeks and now applying to open a live account. I've worked out that my virtual account is charging me about 50% in fees. That is for every pip of $12.50 they are taking $6.25

My chosen broker has quoted " your only charges will be $4.00 round all in" Does that mean $4.00 per pip or $4.00 per contract? Not wanting to show my ignorance at this early stage I thought I might fall upon your guidance.

My name is Chris by the way, and enjoying reading many of these posts :eek:
 
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