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Spreads
Sep 14, 2015 at 08:57
1,017 Views
14 Replies
Member Since Sep 12, 2015
1933 posts
Sep 14, 2015 at 08:57
Hi everyone,I see a post on here from a guy looking for lowest spreads and high bonus for signing up for a live account.The fact is that low currency spreads just means that the broker will catch you some other way,slow to close positions,freezing,slippage ,routing orders to dark pools,always question your provider how they can give such low spreads.
"They mistook leverage with genius".
forex_trader_165856
Member Since Dec 03, 2013
599 posts
Sep 21, 2015 at 20:32
Quality Brokers establish business relationships with Top Tier Banks and also use ECN aggregates. Ask your broker what Bank they use for margin trading - Here is a good list - http://redrhinofx.com/forex-liquidity-and-top-tier-banks/
Member Since Sep 12, 2015
1933 posts
Sep 22, 2015 at 16:36
Most brokers hedge in house,unless your in book B then it's hedged out to the bank,thanks for the info.
Be lucky.
Be lucky.
"They mistook leverage with genius".
Member Since Oct 02, 2014
905 posts
Sep 23, 2015 at 20:41
Good info, thanks.
Positivity
Member Since Oct 02, 2015
1 posts
Oct 02, 2015 at 11:06
so true!
Member Since Feb 22, 2011
4573 posts
Oct 02, 2015 at 11:16
snapdragon1970 posted:
Hi everyone,I see a post on here from a guy looking for lowest spreads and high bonus for signing up for a live account.The fact is that low currency spreads just means that the broker will catch you some other way,slow to close positions,freezing,slippage ,routing orders to dark pools,always question your provider how they can give such low spreads.
It is the other way around. Broker with low spreads allows you to stay profitable while broker with bonuses usually cancel these when they could cassette most harm
Member Since Sep 12, 2015
1933 posts
Oct 09, 2015 at 20:05
togr posted:snapdragon1970 posted:
Hi everyone,I see a post on here from a guy looking for lowest spreads and high bonus for signing up for a live account.The fact is that low currency spreads just means that the broker will catch you some other way,slow to close positions,freezing,slippage ,routing orders to dark pools,always question your provider how they can give such low spreads.
It is the other way around. Broker with low spreads allows you to stay profitable while broker with bonuses usually cancel these when they could cassette most harm
That's funny a broker that wants clients to stay profitable,they not in the business of charity.
be lucky.
"They mistook leverage with genius".
Member Since Mar 17, 2021
494 posts
Nov 26, 2021 at 18:46
RobSchiz posted:snapdragon1970 posted:
Most brokers hedge in house,unless your in book B then it's hedged out to the bank,thanks for the info.
Be lucky.
Hedging is very risky if you don't have enough knowledge about it.
I agree with you.
Member Since Jul 23, 2020
816 posts
Dec 03, 2021 at 20:19
Spread means there is a difference between the bid and the ask price.
Member Since Mar 16, 2021
447 posts
Dec 06, 2021 at 15:57
Spread is a fixed charge for each trade. Sometimes it is more / less. The spread facility of the broker creates an opportunity for the trader to trade.
Member Since Jul 23, 2020
696 posts
Dec 08, 2021 at 21:38
Spreads are far more important to the traders than the broker since it is the cost that they have to bear to do trade with the broker.
Member Since Mar 16, 2021
447 posts
Dec 09, 2021 at 01:11
GraceGilm posted:LukeRachel posted:
Spread is a fixed charge for each trade. Sometimes it is more / less. The spread facility of the broker creates an opportunity for the trader to trade.
this is all correct, only each broker has its own conditions on this matter
Exactly, the condition of the broker is different but from whose point of view, he is correct.
Member Since Aug 05, 2021
394 posts
Dec 09, 2021 at 16:57
I know a lot of new traders set out looking for a broker with a high deposit bonus or other type of promotion going on, but I've found that these are often there to distract you from other terms offered by the broker or terms & conditions surrounding the promotion make it difficult if not impossible to withdraw. In many cases, the brokers that don't offer this can be better. For example, if I decide to open an account with a broker primarily because they offer a $30 deposit bonus, but they have a $7+ withdrawal fee, high spreads, high commissions, and hidden charges (like inactivity fees), then I would have been better signing up with the broker that has no bonus but also doesn't charge for withdrawals, with low pricing and no hidden charges. The charges with the first broker will add up quickly and exceed the bonus in no-time.
Member Since Mar 16, 2021
447 posts
Dec 11, 2021 at 08:54
HeavLeighGill26 posted:
I know a lot of new traders set out looking for a broker with a high deposit bonus or other type of promotion going on, but I've found that these are often there to distract you from other terms offered by the broker or terms & conditions surrounding the promotion make it difficult if not impossible to withdraw. In many cases, the brokers that don't offer this can be better. For example, if I decide to open an account with a broker primarily because they offer a $30 deposit bonus, but they have a $7+ withdrawal fee, high spreads, high commissions, and hidden charges (like inactivity fees), then I would have been better signing up with the broker that has no bonus but also doesn't charge for withdrawals, with low pricing and no hidden charges. The charges with the first broker will add up quickly and exceed the bonus in no-time.
You have to select a broker that provides all the services correctly from platform spread to withdrawal. Supporting a broker always provides benefits to a trader. All in all, the broker's service will be honest and trustworthy.
Feb 03, 2022 at 15:14
I can say that I’m absolutely indifferent to spreads. Scalpers put much value on spreads because it’s very crucial for their trading style. I choose long-term trading where spreads don’t matter. I like long-term trading. With this preference I can trade with any broker, if it’s genuine, of course, while scalpers don’t have such freedom of choice because they have to take into account spreads first.
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