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Euro/Usd pip spread
Oct 18, 2011 at 07:21
Vistas 1,877
10 Replies
forex_trader_50353
Miembro desde Oct 14, 2011
posts 4
Oct 19, 2011 at 07:30
Oanda .9 - 1.3 pips on eurusd
Oct 21, 2011 at 22:10
There has been increasing popularity in recent years, for retail market markers. Most 'brokers' which advertise, are actually making the market, not acting as a broker between you and the market. This means that they can afford to call the spreads what they wish, (top 100 brokers site, I think) has listings of all of these types of brokers and respective spreads, ranging from 1 to 3 depending on the pair.
The most sensable alternative for the lowest spread, is the Currenex spread. This is the one given from the actual exchange network that makes the primary market for currencies. Currenex spreads for €/$ vary between 0.5 to 1.2 during Asian/EU overlap and EU/US overlap (apart from seconds before and after major news events).
As these types of brokers (I use MasterForex and I'm very happy with them) do not make a spread, they do charge commission. With my broker which is the lowest I could find, it's $ 24 / Lot. Meaning that these days I pay 0.7 commission on a 0.1 Lot contract (10K base currency). This given you a 'synthetic' spread of (0.5 + 0.7) 1.2 pips.
The other nice thing is that they will be no stop loss minimal distance from price, nor dealing desk. They are also named ECN accounts and the minimum for them tends to be $ 500.
Hope that helps :)
The most sensable alternative for the lowest spread, is the Currenex spread. This is the one given from the actual exchange network that makes the primary market for currencies. Currenex spreads for €/$ vary between 0.5 to 1.2 during Asian/EU overlap and EU/US overlap (apart from seconds before and after major news events).
As these types of brokers (I use MasterForex and I'm very happy with them) do not make a spread, they do charge commission. With my broker which is the lowest I could find, it's $ 24 / Lot. Meaning that these days I pay 0.7 commission on a 0.1 Lot contract (10K base currency). This given you a 'synthetic' spread of (0.5 + 0.7) 1.2 pips.
The other nice thing is that they will be no stop loss minimal distance from price, nor dealing desk. They are also named ECN accounts and the minimum for them tends to be $ 500.
Hope that helps :)
Miembro desde Sep 15, 2011
posts 3
Oct 22, 2011 at 11:25
lmax has lowest pip in eurusd
Nov 02, 2011 at 11:48
You can check http://www.fxintel.com/live/ . But it doesn't have access to all brokers.
http://www.freeforexrebates .info
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