1-2 spread on GBP/JPY with 1:200 | Forex Factory

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1-2 spread on GBP/JPY with 1:200

  • #1
  • First Post: Nov 27, 2007 5:18am Nov 27, 2007 5:18am
Hi:

I am in searching of a broker with tight spread on GBP/JPY and atleast 1:200.

Do you know any?
  • #2
  • Nov 27, 2007 9:03am Nov 27, 2007 9:03am
Have you searched through the forums for recommended brokers?

There are plenty of posts with recommendations. Just do a quick search and you'll find them.

Terry
  • #3
  • Edited Nov 28, 2007 1:56am Nov 27, 2007 9:26am | Edited Nov 28, 2007 1:56am
I doubt that you'll find a reliable broker who has a spread of 1-2 pips for the GBP/JPY. There might be some bucket shops who offer this...

Regards - Xaron
  • #4
  • Nov 27, 2007 10:08am Nov 27, 2007 10:08am
Quoting burhan
Hi:

I am in searching of a broker with tight spread on GBP/JPY and atleast 1:200.

Do you know any?
I don't even think you will find the spread that low on an ECN. Much less 1:200

Realistic would be 3/4 pips 1:50
  • #5
  • Last Post: Nov 28, 2007 10:38am Nov 28, 2007 10:38am
Quoting turbokaos
I don't even think you will find the spread that low on an ECN. Much less 1:200

Realistic would be 3/4 pips 1:50

As well as a commission per turn. That needs to be factored in to ECN trading. If there is no commission, then the broker is putting it in the spread. If the broker is putting it in the spread they have the ability to manipulate the price and therefore have a dealing desk and are not an ECN.
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