J Forex Trader 
1-2 years
Are there commissions on GOC Prime?
Broker Issues
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.
Similar Questions
Does CDX charge a commission per lot on their ECN or raw spread account types?
Thanh Thao 
09-02
Are there any inactivity or hidden fees?
Darren Ross 
06-23
Can I know the details about the Xlence fees?
Tomas 
02-22
Could you break down the total trading costs involved for indices such as the US100 when trading on BYDS?
Darren Ross 
07-08
Can I know the details about IKON Menkul fees?
Serious74 
06-25