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.
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 )
@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.)
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.
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.
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