Thread: What broker has the tightest spreads?

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The spreads on MBT/ EFX are out of 0-3 pips. EUR/USD normally 1 pip and cable usually two pips. On the other hand, the commission is always there, if u commerce 1 miniature lot i-e 100$ then the commision is 1.98$(to the entire trade;buy and sell), and if u commerce 5 minilots, then the commision is 10$.
If un commerce a standard lot of 1000$ then it is gonna price a cool 19.98$.
So efficiently it's the spread two pips
not that cheap actually.
U can check it to the demo, just place a transaction and shut it, and assess ur account balance, examine the commisions and u'll see the total owed.
I feel that oanda is better in terms of spread
just my two pips values

Quite intriguing! What's the breakdown for Oanda then if I trade 10K and 100K? When does commission come ? I didn't know they'd no commission program?

Everything you state is possible about Oanda, but because of its order processing is unbeaten, fast and accurate. Thus far I don't have any lockups, limits are filled correctly and no slippage on this , and that I will send stops or limit in the bid or ask (unless whatever you know who. .) .

I think I'll check with Oanda's demo. Can anyone vouch for the demo of Oanda is as accurate as trading and quotes?

Demo is not same as live. Look out for brokers that provides low pips. Sound good but when you start trading, you will notice it is often not correct. I am aware of one broker that had implemented my transaction as it had been against me.

Example; the price was 1.3000/1.2999 It was suppose to be two pips spread. I entered long at 1.2999 I clicked with the mouse. If the price moved up in my favor by 1 pip or longer, the order was not accpeted. As it was against me, It's only accepted. The same happened when I left the transaction. In fact you are charged 2 pips spread and another invisible 2 pips spread by means of this process. Problem was it didn't happen in Demo. Each rejection/reqoute you eliminate time. Imagine if you are attempting to exit a losing trade. Reqoutes repeats and the time is that it implemented you do not have to exit anympre or if you were attempting to cash your profits, that 20-30 pips would be gone. That is the very first thing to check when you go live or ask other people in the forum. My advice is pay a pip more or the commision and get your trades implemented. You will find that attempting to conserve pip / commision could make you. Ouanda is not bad.

I have a demonstration with them, simply to play arround, it has no spread for the best 4 pairs (during regular market, whatever that means...), and small spread on the others.
Anybody use them? Perhaps somewhat fishy, not certain....

Http://www.profinum.com
http://www.profinum.com/trading/dealing_spread.html


I do NOT recommend them, just checking with you guys if you heard...

Originally Posted by ;

I've a demonstration with them, just to play arround, it doesn't have any spread for the top 4 pairs (during normal market, whatever that means...), and also small spread on the others.
Anybody use them? Maybe somewhat fishy, not sure....

Http://www.profinum.com/
http://www.profinum.com/trading/dealing_spread.html


I do NOT recommend them, just checking with you guys if you noticed....

I heard of these someplace else. Just downloaded their presentation. Dont really like it.

If the spreads are like that, and they're no scam, it looks yummy yum yum.

My question is if their feed can be linked to metatrader?

Originally Posted by ;

Demo isn't same as live. Look out for brokers which provides low pips. Sound when you start trading, you'll notice it is often not true. I am aware of one broker that had implemented my trade when it was contrary to me.

Example; the price has been 1.3000/1.2999 It was suppose to be 2 pips spread. I entered at 1.2999 I clicked using the mouse. After clicking, when the price moved up in my favour by 1 pip or longer, the order was not accpeted. It's only accepted as it was contrary to me. The same occurred when I left the trade. In fact you are billed 2 pips spread plus another invisible 2 pips spread by means of this process. Problem was it did not occur in Demo. Each rejection/reqoute you lose time. Imagine if you are currently attempting to exit a losing trade. Reqoutes repeats and by the time it is being implemented you do not have to exit anympre or whether you're attempting to cash your profits, that 20-30 pips would be gone. That is the first thing to check when you go live or ask others in the forum. My advice is pay a pip the commision and receive your trades implemented instantly. You will find that attempting to conserve pip / commision could make you. Ouanda isn't bad.

I was able to get a broker (will not mention any names if you don't PM me but you likely know from my posts from other threads) which you need to put a limit order 3 pips out of the bid or buy stop 3 pips out of ask. If it moves, you need to attempt to fix the order to get it accepted. In the end you are dealing with 6 pips in complete since in between you are not allowed to put order. $60 folks! And at market orders are refused! What a load of...

Originally Posted by ;

I heard of these someplace else. Just downloaded their presentation. Dont like it.

If the spreads are similar to that, and they are no scam, it appears tasty yum yum.

My question is if their feed can be connected to metatrader?

Run.

Originally Posted by ;

Run.

Hi, what do you mean?

Gram

I was reading through the thread and heard a lot from the posts. Thanks guys. I am hoping to see more feedback. This is an interesting discussion.