DMA , only worth it at £500 a poin ?! GFT Markets

phoenix25140

Active member
102 2
Hi all, me and a friend have been trading forex part time for over 3 years now.
We are now at the stage of considering doing it full time. We are getting beaten up by spreads, slippage, poor charting packages & data.

I spoke with a guy from GFT markets, I asked about DMA and the costs involved and he was saying at least £20,000 in the account, which we have but its not worth it as the minimum trade is around £500 per point.

Does anyone have experience with this type of direct market trading?

Thanks
Nathan
 

piggybridges

Established member
632 200
you're trading forex? So you'd want to trade currency futures contracts? 6b (cable)is like $6 per pip or something trading with 1 contract?
 

mike.

Senior member
2,101 709
Nathan , have a look through fxcm web site, you can choose what lot size you wish to trade with one account.. standard, mini and micro lot's . $50 is minimum deposit I think,
 

Magos

Established member
911 24
Just open an ECN account you should not be paying for anything!
 
 
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