Broker fees for micro-lots in metals: Are they sustainable?
I'm still pretty new to commodity trading and have been mostly focused on paper trading, but I'm looking to jump in with some real capital soon. I'm hitting a wall trying to figure out if the fees on micro-lot positions, particularly in metals like gold ($XAUUSD) or silver ($XAGUSD), are just killer for smaller accounts. My strategy leans towards smaller, more frequent entries, but the spread plus commission seems to eat a significant chunk of any potential profit on tiny moves.
Are there any brokers that genuinely offer a competitive structure for this, or am I fundamentally misunderstanding how to approach these markets with less capital? Feels like the fixed costs per trade are just too high for the scale I'm working with right now.
For smaller accounts, particularly with micro-lots and frequent entries, the cumulative effect of spreads and commissions can indeed be challenging. Have you considered brokers offering lower fixed commissions per lot or tighter spreads on their micro accounts?