Some advise for what kind account is suitable for the bot? Zero or classic?

[SjonnieMan]

As I want to open an account with the broker Fusion Markets and they let me choose for ZERO or Classic?
See below the difference between them?
The difference between The ZERO And Classic is the cost of the account. One is where spreads start from 0.0 pips (ZERO spread) + USD 4.50 commission (The ZERO). The other is The Classic Account where the commission is included in the spread. ZERO total cost to trade is roughly around 0.5 pips, whereas the classic is about 0.9 with all costs included.

 

[Sanchay]

Hello sjonnieman,

I can not comment on which plan you should choose, because that depends on what kind of strategy you are deploying if a strategy has tight target (take profit) that means you will be losing on some pips because of the spread.

Ideally, a system with low spreads will obviously work better not with just Galileo FX but with any EA. However, if your strategy has big take profits, then the small 0.5 pips spread will not matter. So based on your strategy, trading profile, and your financial well being you can consider choosing any of the options.

To learn about the strategies, Galileo FX, etc., I recommend you to please go through following topics:

1. https://forum.galileofx.com/threads...ting-the-slow-fast-and-aggressive-settings.2/
2. https://forum.galileofx.com/threads/how-to-optimize-stop-loss-take-profit-and-lot-size.44/
3. https://forum.galileofx.com/threads...etter-profitability-a-systematic-approach.37/
4. https://forum.galileofx.com/threads/updated-winning-settings.559/

I hope I have helped you. Thanks for writing to us.

-Sanchay Kasturey