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best broker for xauusd

QuantumLabs (VabRus)
May 21 2013 at 07:09
32 zpráv(a,y)
falcon333 I am trading with armada markets their average spread is about 30-40 point, I can give you a list of ticks with real spread in XAUUSD, but my problem not is spread with armada, is their slippage is horrible.
But I don´t know if this is normal in XAUUSD with all brokers.
I am thinking to test GrandCapital.
But for the moment I will continue with Armada.

Bisho777
May 21 2013 at 08:42
192 zpráv(a,y)
the problem of Armada... they r using limited number of Liquidity providers... so they will suffer from lack of liquidity + slippage!

QuantumLabs (VabRus)
May 21 2013 at 13:55
32 zpráv(a,y)
Thank Bisho777, Armada is a partner of LMAX, do you think LMAX will have the same problems? (problem for number of liquidity providers + sippage)

FXGearsDOTcom
May 21 2013 at 16:10
18 zpráv(a,y)
Pepperstone's XAU/USD spreads are ~35-40 at the moment, but lower during London session seeing ~25 average and 18 on the low side. So variable depending on liquidity but still tight.




Dr Ramin Rostami (Ramin_Rostami)
May 21 2013 at 18:56
253 zpráv(a,y)
XAUUSD not for day trader and pro gold trader...gold trader trade on gold futur (min lot=1) or gold CFD (min lot=0.01)........you must find this symbol....GC(COMEX GOLD)

in standard broker and platform like ninjatrader or tradestation(direct exchange platforms) spread is 0.00 and commission is 4$...day traders use this....
to reduce slipage try o put... limit-tp... orders

but i think gold instrument is most hard instrument in the world for trade even more than forex.....i if was in your place ...i try crude oil light sweet( CL )

😎



FXGearsDOTcom
May 21 2013 at 19:07
18 zpráv(a,y)
@Ramin_Rostami XAU/USD is effectively a CFD, just on the spot price, not front month contract of GC.

GC always has a spread of something at least a tick... 0 would mean the market is crossed or locked. Buyers and sellers who have the same limit price == a trade, not 0 spread. (It can appear that way when GC is closed and electronic order entry is enabled.)


QuantumLabs (VabRus)
May 22 2013 at 04:25
32 zpráv(a,y)
Yes, I am looking that is very difficult trading with XAUUSD, but I am getting very good results and I don´t want leave it.
https://www.myfxbook.com/members/VabRus/gold-be-armada/523791/WmnQBiEmDvPvXxKgtTlj

falcon333
May 22 2013 at 04:25
54 zpráv(a,y)
FXGeers, your mention of excellent spread (35-40 points) on Pepperstone's XAUUSD made me look closer at a real Edge account I had recently opened. You are right. The spreads are excellent and I would say that during their active session (6:30am to 1:00 PM PST), the spreads are between 25-35 points.

Pepperstone spreads of 25-40 is very hard to beat. Yet today I saw something better. I also opened up an ExcelMarkets recently around the same time as opening the Pepperstone account and saw that its spreads beat Pepperstone by a consistent 10 points, varying from 10-25 points during the active session. That is downright incredible.

Look at a side by side of Pepperstone and ExcelMarkets using the Multi_Pair_Spread_Monitor.mq4 indicator:



You can see that Excel's XAUUSD spread was 17.8 points (yes, I too was surprised at this!), whereas the spread on Pepperstone was 10 points higher at 28.

I remember for a long time I thought that 50 points was the standard, and it was highly difficult to find anything lower; now
I know that there is at least one broker willing to make things much more affordable.

PS: herein attached is the Multi_Pair_Spread _Monitor.mq4 indicator, modifed to show the spreads for XAUUSD and XAGUSD.

Příloha


“Ah, but a man's reach should exceed his grasp, or what's a heaven for?” Robert Browning
FXGearsDOTcom
May 22 2013 at 04:32
18 zpráv(a,y)
Hey fellow canuck!

Yeah, it's nuts how tight spreads have gotten over the last few years. I remember back when 3.5-4 was normal for AUD/USD and EUR/USD at 2-3 was considered 'competitive'... and that wasn't even that long ago (late 2000's.)

I wonder how brokers will compete once everyone's at rock bottom in the spread game.


Bisho777
May 22 2013 at 07:06
192 zpráv(a,y)
VabRus posted:
Thank Bisho777, Armada is a partner of LMAX, do you think LMAX will have the same problems? (problem for number of liquidity providers + sippage)


they r claiming LMAX is the source for all problems lol!

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