Spot forex and futures? whats the benefit? futures brokers are much cheaper?

Answers:0   |   LastUpdateAt:2012-08-03 03:22:02  

Question
Tanya
Asked at 2012-08-03 03:22:02
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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