Hey everyone. I'm new to the world of CFDs, so please bear with my noobiness
I'm quite interested in trading indexes and noticed that CFD providers, both mm and dma, offer commission free trading on indexes. Does this mean they profit from the spread, and if so, by the end of the trade (opening and closing), how much would i have lost from the spread?
The second question is particularly important as i like to know how much of a move i need in order to break even from paying the commission, but in this case paying for the spread.
Also, when trading indexes with DMA providers, will i be trading the indexes at the current market price, or prices they have set themselves?
If anyone has the time to answer my above questions, i would greatly appreciate it.