Hi FXCM has been recommended to me for trading spot forex currency pairs. I mainly trade emini futures through a futures broker at $4.75 per contract per round trip. It seems much more expensive in the spread commission of 3 pips to trade currency pairs through FXCM to get the same profit per pip. What is the benefit of using FXCM or any other spot broker when I can just get $4.75 per round trip through a futures broker, I just can’t see the point of paying a 3 pip spread.
Am I missing something?
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