spread question

Jul 06, 2020 at 00:03
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15 Replies
Biedrs kopš   2 ieraksti
Jul 06, 2020 at 00:03
Hello All, I just recently started trading again after taking a break.

I'm using forex.com and the spreads are just insane!

Can someone pls look at my screenshot and recommend a better broker that accepts clients from the US thanks!

Pielikumi

Biedrs kopš   2 ieraksti
Jul 06, 2020 at 01:31
Just talked to the broker and he said for example the EUR/USD spread is only 1.7, because one pip is .0001 so market watch in MT4 is misleading.
Biedrs kopš   112 ieraksti
Jul 10, 2020 at 06:28
In any case, you will be at risk without it is impossible to trade forex. But I can say that with the broker Amarkets you have a chance to minimize this risk
Biedrs kopš   77 ieraksti
Jul 10, 2020 at 07:20
Your broker MT4 is misleading? That is not good.
Oct 02, 2020 at 02:23
The broker is a very essential subject for trading. If the broker's spread is good, many benefits can be gained. Market maker broker spreads are usually not good. Details about the broker should be known before investing in trading.
Biedrs kopš   232 ieraksti
Oct 02, 2020 at 11:20
High spreads is the most disgusting thing in trading. To select a low spread broker you can visit those websites that provide broker reviews n their sites.
Biedrs kopš   75 ieraksti
Oct 05, 2020 at 05:47
It is important to choose a broker who will provide services that will not particularly affect trading.
Biedrs kopš   171 ieraksti
Oct 05, 2020 at 07:07
Well.. Spread eats profits, and destroys many otherwise good strategies. Move higher. Some Market Makers offer many other good features, like guaranteed stop loss, and zero negative balance. I wouldn't blindly stare at nominal spread, since there is also a phenomen called slippage, which is essentially a hidden part of the spread.
Biedrs kopš   28 ieraksti
Oct 05, 2020 at 09:49
grp01 posted:
Hello All, I just recently started trading again after taking a break.

I'm using forex.com and the spreads are just insane!

Can someone pls look at my screenshot and recommend a better broker that accepts clients from the US thanks!

Oanda
Biedrs kopš   112 ieraksti
Oct 19, 2020 at 04:55
I can say that you can find a broker with lower spreads, this will be a significant plus for trading.
Biedrs kopš   11 ieraksti
Oct 19, 2020 at 10:40
use the spread comparison tables on myfxbook and then compare the reviews of those brokers (also on myfxbook). You will find a suitable broker
Oct 04, 2021 at 16:36
Spreads vary on market condition. Low and tight spreads are better which the broker provides.
Oct 04, 2021 at 17:36
Some broker offers fixed spreads. You can also review those.
Biedrs kopš   751 ieraksti
Oct 05, 2021 at 15:27
To me floating spreads is good, if it's a zero spreads account. Though even in zero spreads account you will have some spreads but it's less costly than fixed spreads.
Biedrs kopš   70 ieraksti
Oct 12, 2021 at 19:04
grp01 posted:
Hello All, I just recently started trading again after taking a break.

I'm using forex.com and the spreads are just insane!

Can someone pls look at my screenshot and recommend a better broker that accepts clients from the US thanks!

I try to trade with those brokers that have low spreads.
Biedrs kopš   16 ieraksti
Nov 12, 2021 at 11:56
There are plenty of brokers nowadays actually and all of them offer exclusive conditions. It's difficult to help you to determine which broker will suit you most, beause every trader has his/her own needs in brokers. In your case you should pay attention to those brokers, which have tight spreads. However, if they have tight spreads, perhaps they will have commissions on withdrawals and transfers, because brokers also want to earn money. They offer you platforms for earning money, and you pay them back by commissions or spreads. So, here everything is difficult, but there are brokers with tight spreads I'm sure.
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