In TTCM foreign exchange margin trading, we receive prices in real time from covering parties all over the world (liquidated providers etc.) and we match the most advantageous price for customer's order.
As a result, customers can trade at the most positive price at the time of ordering, and it is possible to make a trade that makes the most of the merits of our narrowest level spread.
Assuming that the buy price is at 1.04568, we would subtract the sell price of 1.04557. The sum of the subtraction in this case would be 0.00011. Therefore, your spread would be .00011 (Spread) or 1.1 pip.
The "MT4 CLASSIC Account", "MT4 PRO Account" and "MT4 VIP Account" provided by TTCM offer different spreads. This is because we divide the fee form according to customer's trading method.
Difference in fee between CLASSIC account and PRO-VIP account
In "MT4 CLASSIC Account" and "MT4 PRO adn VIP Account", trade-related expenses differ. Since spread is the difference between bid price (ASK) and selling price (BID), it is considered a trading cost for traders. In the case of "MT4 CLASSIC Account", the transaction fee is free, but it becomes a classic spread value. In "MT4 PRO and VIP Account", the spread value is low, but a transaction fee will be incurred.
AN EXAMPLE - When conducting USD / JPY transaction (1 lot), cost comparison related to each account type
Thus, in "MT4 Classic Account" and "MT4 PRO and VIP Account", the spread and transaction fee, which method will bear the cost of trading in which way will differ.
TTCM realizes an overwhelmingly low level of spreads and fees for both "MT 4 Classic Account" and "MT 4 PRO and VIP Account" compared to other companies in the industry.
As PRO accounts reduce the spread level, separately, a transaction fee (ECN fee) of $ 3.00 / 1 lot (per 100,000 currency order) is required.
Transaction fees are deducted from trading accounts for each order contract.
AN EXAMPLE - Currency pair Transaction fee per order
|Number of transactions (order quantity)||(Currency notation)||Transaction fee (PRO Account)||Transaction fee (VIP Account)|
|0.01||Lot buy order||1,000 currencies||$ 0.03||$ 0.015|
|0.10||Lot buy order||10,000 currencies||$ 0.30||$ 0.15|
|0.50||Lot buy order||50,000 currencies||$ 1.50||$ 0.75|
|1.00||Lot buy order||100,000 currencies||$ 3.00||$ 1.50|
|10.00||Lot buy order||1.000,000 currencies||$ 30.00||$ 15.00|
*1 The selling order will be the same as well.
*2 If you use an account other than a dollar account, the transaction fee will be converted to the exchange rate at the time of ordering and will be deducted from the account.
*3 When ordering, the transaction fee for the opposite transaction (2 transactions in total) will be deducted.
RISK WARNING: Our products are traded on margin and carry a high level of risk, thus it is highly possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Please review our Risk Warning ‘Risk Disclosures for Financial Instruments & Investment Services’.
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TTCM Traders Capital Limited (herein "TTCM BM")is a limited liability Company, incorporated in Bermuda under section 14 and 6/132C(1) of the Companies Act 1981 and registered with the Registrar of Companies under Company number 54135, with registered address 5th Floor, Andrew’s Place, 51 Church Street, Hamilton HM 12, Bermuda
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