FXCM thanks for creating a very sub pair contest. The market watch spread is .2 pips for EUR-USD right now, and on the chart it is 4 full pips. I won´t even waste my time placing trade with this broker. Good luck to everyone.
Choli, I too noticed that but what I didn't notice was that in the beginning of the thread that issue was addressed before the contest even started. However, the problem as I see it is this...the person making the post said that due to FXCM switching to a new pricing model and having to update the feeds by region, even though you see a wider spread, you're getting the tight spread. Well, I beg to differ. all of my trades so far have had wider spreads than listen in the market watch, the one click trading interface and my indicator that shows the spread in a nice easy to read number in the upper right hand of my chart. So while what they're saying makes sense about seeing a difference in the listed spread and the price action spread, the other thing they're saying about 'getting the true price(i.e. the lower spread)' doesn't seem to be true.
Unless of course it finalizes itself at the completion of the transaction once you close the position, but even if that's the case, it's still a hinderance as it affects peoples judgements and decisions.
Yes the rep did give a response about the difference between the price we see on our chart, and the price which we see on the market watch, but the sad reality is that the price which we fill is the market watch. Which means chart watching and sending pending orders very useless if you think about it.
I for one am a scalper, and I rely on the price which I see on the chart, not on the market watch. If the market watch is the true price, which it is, just make the chart price match it. In order to off set this little issue with fxcm, i simply use my brokers chart, and base my entry on fxcm based on what I have with my ecn broker.