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kieran (snapdragon1970)
Sep 14 2015 at 08:57
1945 posts
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".
RedRhinoLab
Sep 21 2015 at 20:32
631 posts
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 - https://redrhinofx.com/forex-liquidity-and-top-tier-banks/

kieran (snapdragon1970)
Sep 22 2015 at 16:36
1945 posts
Most brokers hedge in house,unless your in book B then it's hedged out to the bank,thanks for the info.

Be lucky.

"They mistook leverage with genius".
Ari Goldman (arigoldman)
Sep 23 2015 at 20:41
907 posts
Good info, thanks.

Eva Lee (Eva_Lee_FX)
Oct 02 2015 at 11:06
1 posts
vontogr (togr)
Oct 02 2015 at 11:16
4862 posts
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

kieran (snapdragon1970)
Oct 09 2015 at 20:05
1945 posts
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".
RobSchiz
Nov 24 2021 at 18:44
541 posts
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.

SteveHanks
Nov 26 2021 at 18:46
530 posts
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.

LyudmilLukanov
Dec 03 2021 at 20:19
735 posts
Spread means there is a difference between the bid and the ask price.

LukeRachel
Dec 06 2021 at 15:57
463 posts
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.

GraceGilm
Dec 08 2021 at 15:22
154 posts
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

SofieAndreasen
Dec 08 2021 at 21:38
736 posts
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.

LukeRachel
Dec 09 2021 at 01:11
463 posts
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.

HeavenLeighGill (HeavLeighGill26)
Dec 09 2021 at 16:57
150 posts
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.

LukeRachel
Dec 11 2021 at 08:54
463 posts
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.

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