Although spreads are a major factor in choosing a broker, they do not represent execution quality, slippage, or any other fees of a broker.While this is true, why open an account with Oanda over Pepperstone, for example?
You're doing it wrong. Never in 3 years as an Oanda client have I seen eurusd with an 8 pip spread. When we're you looking, Sunday night? Eurusd is usually around 1.2 pips, sometimes less than 1. However you're finding them, it's not reporting them right.KidUnidentifiable:
You can't just compare spreads with brokers using different business models. http://prntscr.com/d3tjme If you look at the spreads of ICMarkets (I use) and Oanda, they don't differ by much really. That's because you need to integrate the commission ICMarkets charge and integrate it into the spread. Once you do, they don't differ by much.
It is often hard to choose a proper Forex broker, this is why we have composed a Forex broker comparison table. With the help of this tool you will be able to quickly preview the brokers, their regulations, leverage available and most importantly – fx bonus deals that you can get by opening an account with one of the brokers! Choosing the best ECN brokers. Lately, ECN Forex brokers are gaining popularity and their number is increasing by at least two-fold year- after-year. It is important to know whether the ECN forex brokers you decide to trade with are able to meet minimum industry standards. Check your ECN brokers have a presence in your country. ECN broker is a type of forex broker whose business model operates on passing traders’ orders straight to the liquidity providers. It is often referred to as straight through processing as well.. ECN or electronic communications network are types of mini networks where trading activity takes place. Think of ECN’s as small groups of a circle of friends who trade baseball cards. Many forex traders prefer to work with ECN brokers because it means more liquidity, faster execution, and accurate pricing. According to some experts, true ECN forex brokers are the real future as ... ECN brokers (Electronic Communication Network brokers) are among the fastest emerging brokerages in the Forex world, and there's no question that new ECN brokers are opening their doors regularly. In short, ECN Forex brokers provide a marketplace where traders and market makers can place competing bids against each other.
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