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Anyone know Zero or fixed spread broker?
Oct 14, 2021 at 04:51
Anggota Sejak Jul 03, 2021
18 pos
Really need your guys help… I am keen to fxcm trading station platform but unfortunately I checked with fxcm they do not provide a zero spread or fixed spread market . Any recommendation or advise on zero spread broker or fixed spread broker? Tq
Anggota Sejak Apr 09, 2019
538 pos
Oct 20, 2021 at 12:11
Anggota Sejak Apr 09, 2019
538 pos
I mentioned on another thread that some will offer raw spread which while not fixed is often very low. The key factor is looking at the balance of spreads and commissions. Normally a fixed or variable low spread broker will charge more in commission and vice versa. They have to make money from these methods so one will normally offset the other. Try and find a balance of the two.
If you can't spot the liquidity then you are the liquidity.
Oct 30, 2021 at 18:04
Anggota Sejak Oct 17, 2018
103 pos
sebking1986 posted:Great advice there. I think it's all about finding the balance that works with your trading style. At the end of the day the brokers have to make money too. I prefer a broker that is upfront with costs, no one likes hidden charges.
I mentioned on another thread that some will offer raw spread which while not fixed is often very low. The key factor is looking at the balance of spreads and commissions. Normally a fixed or variable low spread broker will charge more in commission and vice versa. They have to make money from these methods so one will normally offset the other. Try and find a balance of the two.
Nov 02, 2021 at 07:36
Anggota Sejak Jun 16, 2020
57 pos
There are brokers that offer zero fixed spreads, though commissions might be high. But you can also go for a variable spread broker like turnkeyforex which has quite low spreads, specially on majors and commissions are also low. So your overall trading cost will be low.
Anggota Sejak Jan 22, 2021
125 pos
Nov 03, 2021 at 09:48
Anggota Sejak Jan 22, 2021
125 pos
Any specific reason for a fixed spread broker?
I found variable ones more appropriate as in volatile sessions I easily get spread close to 0.3 pips on both fxview and IC Markets. I don't know much about fixed spread brokers but heard that slippage is the main issue. How do you check if the price you are looking for is true or not I mean in respect to interbank rates? Also, aren't commissions too high with such?
I found variable ones more appropriate as in volatile sessions I easily get spread close to 0.3 pips on both fxview and IC Markets. I don't know much about fixed spread brokers but heard that slippage is the main issue. How do you check if the price you are looking for is true or not I mean in respect to interbank rates? Also, aren't commissions too high with such?
Anggota Sejak Mar 16, 2021
477 pos
Anggota Sejak Mar 16, 2021
477 pos
Nov 20, 2021 at 01:45
Anggota Sejak Mar 16, 2021
477 pos
GraceGilm posted:I have a rough idea of what kind of spread benefits a broker is offering. But in that case I think fixed spread is much better.LukeRachel posted:Well, here you are right, although scammers may have different options in terms of conditions, I’m working with a fixed spread on the platform from Amarkets, and everything is cleared up, what broker do you have?
The main income of a spread broker is that it will never make any broker free. Spread charges may be lower but Zero Spread is not provided by any broker.
Anggota Sejak Jun 09, 2021
44 pos
Dec 14, 2021 at 11:01
Anggota Sejak Jun 09, 2021
44 pos
I don’t think any broker actually provides you with zero spread, surely not fixed spread ones. But yes, there are many of them that offer a spread that is near to zero. I trade with finprotrading and have got spreads as low as 0.2 pips with them.
Anggota Sejak Mar 16, 2021
477 pos
Dec 20, 2021 at 20:52
Anggota Sejak Mar 16, 2021
477 pos
marcusobrien posted:Good information, as far as I know, can any broker provide zero spread.
I don’t think any broker actually provides you with zero spread, surely not fixed spread ones. But yes, there are many of them that offer a spread that is near to zero. I trade with finprotrading and have got spreads as low as 0.2 pips with them.
Anggota Sejak Jun 09, 2021
44 pos
Dec 27, 2021 at 07:05
Anggota Sejak Jun 09, 2021
44 pos
LukeRachel posted:Guess it all comes down to how liquid the market is at a particular time, but even in the most active hours I have never seen 0 spreads
The main income of a spread broker is that it will never make any broker free. Spread charges may be lower but Zero Spread is not provided by any broker.
Anggota Sejak Jul 23, 2020
869 pos
Anggota Sejak Jul 23, 2020
759 pos
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