DislikedI've been using FXCM since I started and I'm happy with them overall. I trade micro ($0.10/pip) and I wish they would offer nano lots, especially with a $50 account minimum. My only other complaint is the spread, every now and then they have a major spike in it, the other day i went to so a EUR/USD trade and the spread was 7.5 but usually its between 2-3 on majors and around 4-5 on crosses. I opened a demo on Oanda because they offer nano lots but I really dont care for their trading platform. I'm really comfortable with MS 2.0 but i may grab...Ignored
Welcome to the forum
The spreads on our No Dealing Desk (NDD) price feed are determined by what we receive from our liquidity providers. Banks will widen their spreads if the market is illiquid, such as right when the trading desk opens for the new week on Sunday, and during news announcements. Also, at 5pm New York time each weekday, the spreads can widen during rollover as banks refresh their servers for the new trading day. Keep in mind that some brokers stop quoting prices altogether at rollover time.
Since you mentioned that you were looking at the demo of a dealing desk broker, you might be interested to know that we offer a new dealing desk option with spreads that are 1 pip lower than on our No Dealing Desk forex execution model. Click here for a free demo of our new lower spreads.
http://imageshack.us/a/img834/6995/f...ddd2013mar.png
Jason