hi guys,
my question is why spreads are differ from each brokers and somebroker it is too low, someother it is too high, or my thinking is wrong ??
eg:
1 lot gpbjpy
fxcm - 7 spreads + $8/lot commision
oanda - 26 spreads + $0/lot commision
so in 1 lot, 1 pip = $10,
fxcm = 7 spreads + $8/lot commision = 70+8 = $78
oanda = 26 spreads + $0/lot commision = $260 + 0 = $260
is it correct calculation ?
why fxcm is low and oanda is too high ?
which broker to choose ?
is there any advantage to choose high price of oanda ?
my question is why spreads are differ from each brokers and somebroker it is too low, someother it is too high, or my thinking is wrong ??
eg:
1 lot gpbjpy
fxcm - 7 spreads + $8/lot commision
oanda - 26 spreads + $0/lot commision
so in 1 lot, 1 pip = $10,
fxcm = 7 spreads + $8/lot commision = 70+8 = $78
oanda = 26 spreads + $0/lot commision = $260 + 0 = $260
is it correct calculation ?
why fxcm is low and oanda is too high ?
which broker to choose ?
is there any advantage to choose high price of oanda ?