All MQL buying and selling programs use a dealer for buying and selling.
A dealer is a layer between a shopper with MT4 and actual quotes within the international change market.
The dealer’s purpose is to make cash from their shoppers and the extra shoppers the higher.
For every lot, the shopper pays a fee to the dealer, however that is solely the seen a part of the iceberg.
Brokers additionally like to make use of floating spreads with a view to moreover revenue from massive spreads.
Methods to examine the unfold with a dealer in MT4 ?
For instance, for a leverage of 1: 500 for EURUSD, the fee for 1 lot is $ 4
If we recalculate the revenue in factors, for EURUSD it’s 4 factors of revenue.
Often the unfold within the Actual international change marketplace for EURUSD is from 0 pips to three pips.
For instance, in case your dealer makes use of a variety of 10 pips, because of this these 10 pips embrace a fee from the dealer,
since available in the market, as a rule, the unfold is far decrease.
For example a dealer takes a fee of $ 4 and a variety of 10 pips for EURUSD.
Because of this the fee is definitely 10 pips + 4 pips minus the actual unfold available in the market (about 0-3 pips)
In whole, about $ 11-12 per lot.
Additionally, on the international change market, there are sometimes not Actual brokers, they’re one thing like pyramids
The dealer doesn’t really use your trades in the actual international change market, as a result of normally 99% of newcomers to the market lose all their financial savings.
I’ve been utilizing Tickmill for my accounts for a very long time and every little thing is OK