Just comparing the spread might not be enough because you're ignoring the liquidity at the top price. Some brokers guarantee you a certain minimum liquidity at the top price (can be one million or so), while others don't. On top of that comes the execution time (which also depends on the distance between the server location and your office/home). We usually buy in a rising market and sell into a falling market which will always result in a price running away from you, that is especially true for any short term momentum based trading - means a slightly wider spread but a much closer server might be actually cheaper (highly depended on your trading style though).
Then there comes another problem. Cheap for which pair? I trade EUR/USD, GBP/USD and AUD/USD mostly, to get the most out of my trading I'd have to trade on probably 3 different brokers (but only if I keep volume based commission rebates out of the equation).
Tell you what mate, I had full hair before I started looking for perfect brokers, I'm bald now!
FPA is a bad joke btw, utterly worthless information, especially after the swiss national bomb.
Then there comes another problem. Cheap for which pair? I trade EUR/USD, GBP/USD and AUD/USD mostly, to get the most out of my trading I'd have to trade on probably 3 different brokers (but only if I keep volume based commission rebates out of the equation).
Tell you what mate, I had full hair before I started looking for perfect brokers, I'm bald now!
FPA is a bad joke btw, utterly worthless information, especially after the swiss national bomb.