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best broker for xauusd
May 28, 2013 at 04:18
FXGeersDOTcom, I fully enjoy the race to the bottom in terms of spreads. I remember when EURUSD at 4-5 points was considered "competitive" in early 2000s when only a few retail brokers were operating. Now there are 250+ MT4 brokers out there competing for client business, and the smartest way to push yourself out front is to reduce your spread, which we are seeing with brokers like Excel Markets who are offering spreads at 0.4 plus 0.5 commission = 0.9 effective spread. Awesome move.
With all the spread monitor tools out there, more people are choosing brokers based on the tightest spread and so we are seeing brokers compete with each other on spread. Of course execution speed matters as well, and there are already tools out there that measure execution speed and slippage, and it is only a matter of time before brokers are sorted and ranked on the basis of spread + speed.
As for getting to rock bottom, I still think we have a long way to go. I believe that even at 0.9 effective spread on EURUSD, the smart brokers with intelligent routing technologies are still making a 0.6 profit (300% markup from a 0.2 raw spread). But the transaction costs are much better than they were, and they will get much better still.
I would love to see more fat, greedy brokers (who still charge spreads of 2 or more on EURUSD) go out of business to the more competitive brokers who charge less than 1.3 on EURUSD.
With all the spread monitor tools out there, more people are choosing brokers based on the tightest spread and so we are seeing brokers compete with each other on spread. Of course execution speed matters as well, and there are already tools out there that measure execution speed and slippage, and it is only a matter of time before brokers are sorted and ranked on the basis of spread + speed.
As for getting to rock bottom, I still think we have a long way to go. I believe that even at 0.9 effective spread on EURUSD, the smart brokers with intelligent routing technologies are still making a 0.6 profit (300% markup from a 0.2 raw spread). But the transaction costs are much better than they were, and they will get much better still.
I would love to see more fat, greedy brokers (who still charge spreads of 2 or more on EURUSD) go out of business to the more competitive brokers who charge less than 1.3 on EURUSD.
“Ah, but a man's reach should exceed his grasp, or what's a heaven for?” Robert Browning
Member Since Feb 22, 2011
4573 posts
Jun 20, 2013 at 12:46
I have following needs to trade gold
Reliable broker with fast execution ;)
High leverage like 1:500, low margin
Allow to open unlimited number of (small) positions
Spread including commission max 50
I can't find any ;) Any tips?
Thanks indeed.
Reliable broker with fast execution ;)
High leverage like 1:500, low margin
Allow to open unlimited number of (small) positions
Spread including commission max 50
I can't find any ;) Any tips?
Thanks indeed.
Member Since Dec 27, 2012
246 posts
Jun 20, 2013 at 16:46
togr posted:
I have following needs to trade gold
Reliable broker with fast execution ;)
High leverage like 1:500, low margin
Allow to open unlimited number of (small) positions
Spread including commission max 50
I can't find any ;) Any tips?
Thanks indeed.
try this broker grandcapital.net and this symbol=in CFD metal.find gold cfd spread must be 0 ........GCU3
Jun 20, 2013 at 17:19
togr posted:
I have following needs to trade gold
Reliable broker with fast execution ;)
High leverage like 1:500, low margin
Allow to open unlimited number of (small) positions
Spread including commission max 50
I can't find any ;) Any tips?
Thanks indeed.
ExcelMarkets.com will fit your bill.
Leverage: 400:1
Lot size: 0.01
Spread on XAUUSD (gold): 10-30 pips
“Ah, but a man's reach should exceed his grasp, or what's a heaven for?” Robert Browning
Jun 20, 2013 at 22:53
http://dukascopy-mt4.fairtradingtech.com/fee/
I still prefer Futures in the end......such as gold 10cents with $1.50USD per trip
I still prefer Futures in the end......such as gold 10cents with $1.50USD per trip
Jun 21, 2013 at 09:45
togr posted:
I have following needs to trade gold
Reliable broker with fast execution ;)
High leverage like 1:500, low margin
Allow to open unlimited number of (small) positions
Spread including commission max 50
I can't find any ;) Any tips?
Thanks indeed.
I have exactly the same problem as you.
I am going to try with alpari uk pro with MT5.
Member Since Dec 27, 2012
246 posts
Jun 21, 2013 at 09:58
(edited Jun 21, 2013 at 10:07)
be inform xauusd not for trade gold......this is forex gold and not for day traders......pro gold traders use comex gold for trade in future contracts (for money above 10.000$) or in CFD (for little money like 500$)...............
you must looking for gold CFD with this symbol =GCQ3 (gold comex)
grandcapital.net or some other CFD brokers in metatrader have this instrument
you must looking for gold CFD with this symbol =GCQ3 (gold comex)
grandcapital.net or some other CFD brokers in metatrader have this instrument
Member Since Feb 22, 2011
4573 posts
Jun 21, 2013 at 18:30
VabRus posted:togr posted:
I have following needs to trade gold
Reliable broker with fast execution ;)
High leverage like 1:500, low margin
Allow to open unlimited number of (small) positions
Spread including commission max 50
I can't find any ;) Any tips?
Thanks indeed.
I have exactly the same problem as you.
I am going to try with alpari uk pro with MT5.
I am actually requesting these info from Brokers and let's see.
Jun 23, 2013 at 14:29
togr posted:
I am actually requesting these info from Brokers and let's see.
The Brokers don´t give you information about real spread, only normal spread, sometimes in XAUUSD spread grow very much, and brokers don´t give you data of slippage, they always blame market conditions.
Member Since Feb 22, 2011
4573 posts
Jun 23, 2013 at 18:59
VabRus posted:togr posted:
I am actually requesting these info from Brokers and let's see.
The Brokers don´t give you information about real spread, only normal spread, sometimes in XAUUSD spread grow very much, and brokers don´t give you data of slippage, they always blame market conditions.
I can compare spread from brokers with avg. spread e.g. on myfxbook
Member Since Jun 15, 2012
18 posts
Jun 23, 2013 at 19:07
VabRus posted:togr posted:
I am actually requesting these info from Brokers and let's see.
The Brokers don´t give you information about real spread, only normal spread, sometimes in XAUUSD spread grow very much, and brokers don´t give you data of slippage, they always blame market conditions.
Yes, any USD sensitive news will cause gold's spread to get quite insane no matter what broker you use.
I believe this is the result of just how much gold can move on news, and liquidity providers acting accordingly to manage risk as they make the market in gold spot. You wouldn't want to be left holding the proverbial bag either if there was a sudden shock to the USD and you were in their shoes.
If you watch gold futures (GC) it's pretty much the same, sometimes worse actually.
Member Since Dec 27, 2012
246 posts
Jun 23, 2013 at 20:16
(edited Jun 23, 2013 at 20:20)
i recommened all traders dont trade gold...........gold trading is more harder and complex parametr than forex.....
i recomended after 8 year trade : easy instrument is crude oil light sweet (CL ) and S&P500 INDEX e-mini (ESU3)
in timeframe above 30 minute
i recomended after 8 year trade : easy instrument is crude oil light sweet (CL ) and S&P500 INDEX e-mini (ESU3)
in timeframe above 30 minute
Jun 24, 2013 at 05:26
I believe that brokers that can offer you a ECN account will do the job just fine.
Try to learn about the platforms they can offer to you.
There are no easy days in trading.
Learn the craft.
Best regards.
Tradingboy
Try to learn about the platforms they can offer to you.
There are no easy days in trading.
Learn the craft.
Best regards.
Tradingboy
I Trade You Profit. Forex is suitable for smart and patient people...
Member Since Feb 22, 2011
4573 posts
Jun 24, 2013 at 07:30
Alanfx1 posted:
I believe that brokers that can offer you a ECN account will do the job just fine.
Try to learn about the platforms they can offer to you.
There are no easy days in trading.
Learn the craft.
Best regards.
Tradingboy
Thanks but this is not related to my questions at all.
Member Since Feb 22, 2011
4573 posts
Jun 24, 2013 at 07:30
Ramin_Rostami posted:
i recommened all traders dont trade gold...........gold trading is more harder and complex parametr than forex.....
i recomended after 8 year trade : easy instrument is crude oil light sweet (CL ) and S&P500 INDEX e-mini (ESU3)
in timeframe above 30 minute
Thanks but this is not related to my questions at all
Jun 24, 2013 at 12:40
togr posted:
Thanks but this is not related to my questions at all
I am making a real study with brokers, I am opening real micro accounts and comparing results beteween brokers.
I think this is the only way.
If you want you can contact me for share experiences.
Member Since Feb 22, 2011
4573 posts
Jun 24, 2013 at 13:11
Hey,
I did the same. It is useable a lot. But sometimes there are different conditions like leverage on nano versus regular account
I did the same. It is useable a lot. But sometimes there are different conditions like leverage on nano versus regular account
Member Since Feb 22, 2011
4573 posts
Feb 17, 2016 at 10:13
Thinkforex is good
