Comparing Trading Fees at Just Markets
When comparing trading fees at Just Markets, it’s important to consider several components such as spreads, commissions, and swap rates which can impact your trading costs. Here’s a summary of the key fee structures based on the available data:
**1. Spreads:
- Just Markets offers variable spreads depending on market conditions and the specific asset being traded. For major forex pairs, spreads can start from as low as 0.0 pips but may widen during volatile market conditions.
- For minor and exotic pairs, the spreads are generally wider compared to majors, reflecting the lower liquidity of these instruments.
**2. Commissions:
- Just Markets operates a commission-free model for its Standard accounts. This means no direct commissions are charged for trades, although spreads may be slightly wider.
- Pro accounts, on the other hand, attract a commission fee per lot traded. The exact commission rate can vary, but it generally starts from a competitive range per lot, making this account type suitable for high-frequency traders who benefit from reduced spreads but can absorb the commission costs.
**3. Swap Rates:
- Swap rates are the interest charges or credits applied for holding positions overnight. Just Markets charges swap rates that vary based on the instrument. They offer swap-free accounts for clients who follow Islamic finance principles and cannot accept swaps (swap-free accounts have no swap charges).
**4. Inactivity Fees:
- Just Markets may also apply an inactivity fee if an account is dormant for a certain period. This fee is designed to encourage active trading.
Comparison and Choice:
- For beginners, the Standard account with no commissions and wider spreads might be more attractive due to simplicity.
- Professional or high-frequency traders might prefer the Pro account due to lower spreads and commission costs.
- Islamic traders would benefit from the swap-free option offered by Just Markets to align with their religious beliefs.