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Low spread broker

  • #1
  • First Post: Sep 1, 2018 9:06pm Sep 1, 2018 9:06pm
Hi Everyone,
I saw chart posted with spread for EU only less than 1 pip.
I wonder what reasonable brokers offer that.
For Forex.com, if you have commission account with them, will spread go that low?
Thank you,
HHCFX
  • #2
  • Edited 11:28pm Sep 1, 2018 11:04pm | Edited 11:28pm
The true spread of eur usd for example is zero nearly all the time.

You pay a very high price for padded spread commissions

By agreeing to padded spread, you give the bucketshop licence to manipulate the spread as they wish when they wish.

My broker not only gives me true spread, but he gives me depth of market for the currency pair, I have never seen the DoP until I joined them.
  • #3
  • Sep 4, 2018 9:29am Sep 4, 2018 9:29am
Quoting richyRich27
The true spread of eur usd for example is zero nearly all the time. You pay a very high price for padded spread commissions By agreeing to padded spread, you give the bucketshop licence to manipulate the spread as they wish when they wish. My broker not only gives me true spread, but he gives me depth of market for the currency pair, I have never seen the DoP until I joined them.
How to be with trusted broker? They all have floating spread - all prone to manipulation? Something is really fish with that.
  • #4
  • Sep 5, 2018 5:23am Sep 5, 2018 5:23am
Quoting hhchenfx
Hi Everyone, I saw chart posted with spread for EU only less than 1 pip. I wonder what reasonable brokers offer that. For Forex.com, if you have commission account with them, will spread go that low? Thank you, HHCFX
With e.g. a True ECN broker, average spread on EURUSD is 0.1 pips, but of course you pay a commission per lot traded. Some traders prefer this to trading with a wider spread and no commission.
  • #5
  • Sep 5, 2018 5:29am Sep 5, 2018 5:29am
this is what stopped me moving brokers, I thought they are all the same, but in actual fact, I have a broker that not only delivers zero spread on eur usd most of the time but his commish is 0.35 of pip one way, so just .7 of 1 pip in and out, couldnt be happier...and news? forget 15 pip spread, not a chance, only maybe 3 pips max

its out there, dont settle for less.
  • #6
  • Sep 23, 2018 11:34am Sep 23, 2018 11:34am
Try IC Markets TRUE ECN broker with spread lower as 1 pip. i use this broker around 3 years and i havent any problem
  • #7
  • Oct 1, 2018 4:53pm Oct 1, 2018 4:53pm
Quoting Chartmaniac
Try IC Markets TRUE ECN broker with spread lower as 1 pip. i use this broker around 3 years and i havent any problem
ICMarkets is definetly the best broker for ECN. I still didn't find a retail broker that beats them with spreads. If you know any, please tell me!
  • #8
  • Oct 18, 2018 3:08am Oct 18, 2018 3:08am
Quoting tradesimply
{quote} With e.g. a True ECN broker, average spread on EURUSD is 0.1 pips, but of course you pay a commission per lot traded. Some traders prefer this to trading with a wider spread and no commission.
Thanks for the heads up tradesimply. I've just started looking into TrueECN as an alternative.
  • #9
  • Oct 21, 2018 2:44am Oct 21, 2018 2:44am
Quoting TeenyTrader
{quote} Thanks for the heads up tradesimply. I've just started looking into TrueECN as an alternative.
ECN brokers has been always outperforming STP brokers because they get advantage of better liquidity cooperating with several liquidity providers.
  • #10
  • Oct 22, 2018 7:26am Oct 22, 2018 7:26am
Quoting dispersion
{quote} ECN brokers has been always outperforming STP brokers because they get advantage of better liquidity cooperating with several liquidity providers.
I somehow agree with you, See, I used to trade with a spreads broker, but then after sometimes, I moved to A fresh Forex ECN account, I find commissions accounts much safe than spreads accounts.
  • #11
  • Oct 22, 2018 10:34am Oct 22, 2018 10:34am
I know some broker offer a zero spread account...
  • #12
  • Oct 27, 2018 12:35pm Oct 27, 2018 12:35pm
Quoting RambertBenja
I know some broker offer a zero spread account...
Yes, just got to work out whether paying the spread or paying commission is the most cost-effective.
  • #13
  • Oct 31, 2018 7:02am Oct 31, 2018 7:02am
Hello mate. You could check JFD, which is a commission based broker + spreads starting from 0.
  • #14
  • Nov 1, 2018 10:56am Nov 1, 2018 10:56am
Yes, JFD Brokers...
and Pepperstone, FIXI, Darwinex, Interactive Brokers, CMC, Activ'Trades, LMAX ...
many brokers are offering low spread but do not look only the spread!!
Have a look also how deep is the liquidity for the top of book and the quality of execution

I think the quality of execution is much more important than the spread itself.
  • #15
  • Nov 2, 2018 7:44am Nov 2, 2018 7:44am
i know some but for the lowest spreads I strongly recommend Coinexx. true ECN NDD broker with tightest spreads from 0.0 pips on EUR/USD and lowest commission charges I have seen so far.
  • #16
  • Nov 2, 2018 9:58am Nov 2, 2018 9:58am
I did not know Coinexx... it is like SimpleFX
They offer deposit in cryptocurrencies!
  • #17
  • Nov 2, 2018 10:37am Nov 2, 2018 10:37am
Quoting hhchenfx
For Forex.com, if you have commission account with them, will spread go that low?
Yes HHCFX, with Direct Market Access (DMA), you trade on prices sourced from global banks and top tier liquidity providers – with no additional mark up. For more information on FOREX.com's DMA trading account, here is a link to our FAQ: https://www.forexfactory.com/showthread.php?t=836718
  • #18
  • Nov 5, 2018 5:17am Nov 5, 2018 5:17am
Quoting MarcRaffard
Yes, JFD Brokers... and Pepperstone, FIXI, Darwinex, Interactive Brokers, CMC, Activ'Trades, LMAX ... many brokers are offering low spread but do not look only the spread!! Have a look also how deep is the liquidity for the top of book and the quality of execution I think the quality of execution is much more important than the spread itself.

Great point @marchRafford! ToB is super important if your hitting the market for 10 - 15 lots a click
  • #19
  • Nov 13, 2018 1:35am Nov 13, 2018 1:35am
Quoting MarcRaffard
Yes, JFD Brokers... and Pepperstone, FIXI, Darwinex, Interactive Brokers, CMC, Activ'Trades, LMAX ... many brokers are offering low spread but do not look only the spread!! Have a look also how deep is the liquidity for the top of book and the quality of execution I think the quality of execution is much more important than the spread itself.
Agree, it's not just about spread. I think a lot of new traders focus solely on that without looking at all the other factors, like quality of execution.
  • #20
  • Nov 15, 2018 4:20pm Nov 15, 2018 4:20pm
I too am currently looking for a broker with low spread. However my criteria is slightly unique.

I have developed a strategy for trading EURUSD gaps in a vacuum. My strategy becomes 0EV at a 4.4 pip spread and is obviously affected all the way down.

I'm looking for a broker with ideally a (fixed?) =<1 pip spread in EURUSD on open at 10pm UTC.

If someone could point me in the right direction I would appreciate it. Sorry for derailing this thread a little bit but I am a new account and cant make new threads yet.
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