Good Day,
This is my first post at the factory and I am hoping the experienced folks here can help me get something cleared up.
I have been studying FX for some time now and today decided I was going to open some demo accounts to start demo trading, so I proceeded to open two demo accounts (both on the Meta Trader platform) one with IBFX the other with ActiveTrader. To my surprise I find out that the prices for all the pairs are different. Now considering I am looking at price when the market is closed I find this to be very strange. The following are examples:
EUR/USD IBFX - 1.30250 ; ActiveTrader - 1.3055
USD/JPY IBFX - 99.230; ActiveTrader - 99.21
EUR/GBP IBFX - 0.88090 ; ActiveTrader - 0.8817
USD/CHF IBFX - 1.16710 ; ActiveTrader - 1.1658
I have read many posts that traders with Live accounts who use Oanda as their broker used/review charts from another broker to enter into trades under the premise that the price is the same. Is it normal for prices to differ from broker to broker especially when the market is closed?
Thanks in advance for you help and assistance.
Cheers,
Mikali
This is my first post at the factory and I am hoping the experienced folks here can help me get something cleared up.
I have been studying FX for some time now and today decided I was going to open some demo accounts to start demo trading, so I proceeded to open two demo accounts (both on the Meta Trader platform) one with IBFX the other with ActiveTrader. To my surprise I find out that the prices for all the pairs are different. Now considering I am looking at price when the market is closed I find this to be very strange. The following are examples:
EUR/USD IBFX - 1.30250 ; ActiveTrader - 1.3055
USD/JPY IBFX - 99.230; ActiveTrader - 99.21
EUR/GBP IBFX - 0.88090 ; ActiveTrader - 0.8817
USD/CHF IBFX - 1.16710 ; ActiveTrader - 1.1658
I have read many posts that traders with Live accounts who use Oanda as their broker used/review charts from another broker to enter into trades under the premise that the price is the same. Is it normal for prices to differ from broker to broker especially when the market is closed?
Thanks in advance for you help and assistance.
Cheers,
Mikali