best broker for xauusd

Hi VabRus, thanks for warning us about the horrible slippage with Armada, which is the sneaky element that greedy brokers who pretend to have great spreads do to eat off their clients.

I just got an account with Varangold and I see that XAUUSD has 30 points, which is much better than most. I've not traded with them as of yet on that instrument, but intend to soon and will let you know how the execution speed goes.

Hello Community
I want to ask you if slippage that I show you in this photo is normal in XAUUSD. This is my last operation. I can´t get a control of my money management for this problem.
I am trading with Armada Brokers.
I am looking for a new broker that I can solve this problem of slippage.
But if this is normal in all brokers I will leave trading in XAUUSD.
Regards.
Thank.

yes, normal. this is spike.


xtb broker. account basic. price is guranteed for pending order and stoploss for every instruments. spread for gold 65-75 points. :( big spread not slippage :) do not open signal in news time.

Thank falcon333 and dvejn.

falcon333 I can´t see if your broker is regulated by FSA. Thanks.

dvejn thanks for information, but I don´t want use brokers from Spain, Spain's economy is broken.

I am thinking about AlpariNZ, spread for gold 40-60 and LMAX maybe a good broker too.

I would say thinkforex standard. They have just 20 pips spread without commission, good leverage.

trade in gc....gold future..they has 0.01 lot too

here is their server file....put is in mt4/config
then restart mt4 and open demo account

if you want more info....i can help...spread =0 slipage is normal market askbid

it is exactly like future execution in standard platforms like tradestation

trade GCM3
pro trade never trade gold spot xauusd (forex)....they trade cfd or future of gold

Update on my use of Varengold; I see that their average spread is more in the line of 70 points, not the 30 points I had thought.

I too want an excellent spread broker on XAUUSD, something much less than 70 points. It seems to me that if you look at myfxbook's own spread chart, and sort by XAUUSD, there are two brokers that stand out as having the best spread, Hotforex and thinkforex. Vontogr already mentioned that thinkforex is a a broker with 20 point spread, and I see it also has a good spread on XAGUSD.

falcon333 posted:
Update on my use of Varengold; I see that their average spread is more in the line of 70 points, not the 30 points I had thought.

I too want an excellent spread broker on XAUUSD, something much less than 70 points. It seems to me that if you look at myfxbook's own spread chart, and sort by XAUUSD, there are two brokers that stand out as having the best spread, Hotforex and thinkforex. Vontogr already mentioned that thinkforex is a a broker with 20 point spread, and I see it also has a good spread on XAGUSD.

do you read my upper post??

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.

the problem of Armada... they r using limited number of Liquidity providers... so they will suffer from lack of liquidity + slippage!

Thank Bisho777, Armada is a partner of LMAX, do you think LMAX will have the same problems? (problem for number of liquidity providers + sippage)

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.

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.)

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

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.

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.