Which account type, standard or commission, is more suitable for trading cryptocurrencies on forex.com?

3 answers

• Dec 27, 2021 · 3 years ago
  When trading cryptocurrencies on forex.com, the choice between a standard account and a commission account depends on your trading style and preferences. A standard account typically has wider spreads but no commissions, while a commission account usually has tighter spreads but charges a commission per trade. If you're a frequent trader and prefer lower spreads, the commission account might be more suitable for you. However, if you're a casual trader and don't want to pay commissions, the standard account could be a better option. Consider your trading frequency, trading volume, and overall cost before making a decision.
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• Dec 27, 2021 · 3 years ago
  For trading cryptocurrencies on forex.com, the standard account is more suitable for beginners or traders who prefer simplicity. With no commissions, it's easier to calculate your trading costs. However, keep in mind that the spreads might be wider, which could affect your profitability. On the other hand, the commission account is more suitable for experienced traders who value tighter spreads and are willing to pay a commission for each trade. It offers potentially lower trading costs for high-frequency traders. Consider your trading experience, risk tolerance, and trading strategy when choosing the account type.
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• Dec 27, 2021 · 3 years ago
  At BYDFi, we recommend using the commission account for trading cryptocurrencies on forex.com. The tighter spreads offered by the commission account can potentially result in better trading opportunities and lower trading costs. While there is a commission charged per trade, the benefits of tighter spreads outweigh the commission fees for most traders. However, it's important to consider your individual trading style and preferences before making a decision. Evaluate the advantages and disadvantages of both account types and choose the one that aligns with your trading goals.
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