CarlosMZ posted:
Like the others before me said -
Fixed spreads is a sign that that broker is a Market Maker.
Variable spreads = ECN or DMA/STP broker
I'd add just another note - most brokers offer Marked-up spreads (the commission is included in the spread) which makes the spread even bigger.
You should look for brokers that provide Core Spreads (= Market spread) and they will charge commission separately. Which is good because you can clearly see how much is the commission you pay for each trade.
You can read more about those here - https://www.jfdbrokers.com/en/core-vs-marked-up-spreads
Thank you for the link bro :) Very useful and well explained. Regards.
Sep 04 2018 at 11:21
Make sure broker is regulated by a decent authority. A regulated market maker is OK but the spreads will still be higher
Nov 11 2020 at 19:57
Spreads plays an important role in becoming successful in the forex market. If you have proper knowledge about spreads than you can make huge money from this market.
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