I am evaluating account opening at my local NZ CMC xchange. They are offering two types of accounts for trading.
This is how google compares them,
Key Differences Between MT4 CFD and MT4 FX Active at CMC Markets:
Spreads and Pricing:
MT4 FX Active provides tighter, raw spreads starting from 0.0 pips on major pairs (AUD/USD, EUR/USD, GBP/USD, etc.).
MT4 Standard CFD accounts generally have wider spreads, starting from 0.6 pips, but no commission fees.
Commission Structure:
MT4 FX Active charges a commission of $2.50 per side per lot (0.0025% of trade value) on forex.
MT4 CFD accounts charge no commission for forex trades.
When considering the use of Zorro S Forex Trading strategies - which one of the above accounts looks more suitable?
Cheers