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J Forex Trader
1-2 years

Are there commissions on GOC Prime?

Broker Issues
GOC Prime
Fees and Spreads
07-06
United States
WikiFX
Reply

Yes, GOC Prime charges commissions on the ECN account, starting at $5 per lot. This is a common practice for ECN accounts, where traders typically receive tighter spreads but are charged a commission. In my experience, ECN accounts are often more suited for high-frequency traders who benefit from narrower spreads. For the Cent and Standard accounts, there are no commissions, which makes these accounts suitable for traders who prefer a simple cost structure. From my perspective, the commission on the ECN account is not excessive and is reasonable given the potential for tighter spreads. However, if you are a beginner or a smaller trader, the commission-free Cent and Standard accounts may be a better option.

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