Why do I see different price for different brokers? | Forex Factory

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Why do I see different price for different brokers?

  • #1
  • First Post: Mar 12, 2011 9:37am Mar 12, 2011 9:37am
Hi guys,

I've been demo-ing with a couple of FX brokers. I notice on weekends, when all the brokers are closed, they have different prices for the same currency pair.

Why does this happen? Which broker represent the true close price?
o que será, será
  • #2
  • Mar 12, 2011 12:58pm Mar 12, 2011 12:58pm
This is one of those "How Forex Works" questions.
Since Forex isn't done on an exchange, there is no one single price. Your brokers work with banks and possibly other brokers to have a market for you. This network doesn't necessarily talk with other networks, so the prices can be different. For more info on how that works, search Google for ECN vs. market maker.

Some brokers allow weekend trading, although the spreads and liquidity for weekend trading are nuts. This may be why some prices are different.
  • #3
  • Mar 12, 2011 2:13pm Mar 12, 2011 2:13pm
Also different brokers close at different times. Some get a extra hour of trading some get an hour less.
  • #4
  • Mar 17, 2011 6:34am Mar 17, 2011 6:34am
All brokers don't provide you pure data feed. All ticks what you get on you platform are filtered out. So they can filter it how they what, everyone each one way. It is +1 reason why brokers have different price and data feed.
  • #5
  • Jun 3, 2011 9:01am Jun 3, 2011 9:01am
Is there a way to see the LIVE forex/currency bids and asks by all brokers? Like EURUSD BID&ASK for Broker A,EURUSD BID&ASK for Broker B, EURUSD BID&ASK for Broker C etc (the more brokers the better)?
  • #6
  • Jun 6, 2011 2:44am Jun 6, 2011 2:44am
Quoting jurasicfx
Is there a way to see the LIVE forex/currency bids and asks by all brokers? Like EURUSD BID&ASK for Broker A,EURUSD BID&ASK for Broker B, EURUSD BID&ASK for Broker C etc (the more brokers the better)?
There was a website... I share it couple months ago. If I'll find it - I post the link.

Try to Google. They are definitely existing.
  • #7
  • Jun 6, 2011 9:55am Jun 6, 2011 9:55am
Quoting josef
There was a website... I share it couple months ago. If I'll find it - I post the link.

Try to Google. They are definitely existing.

I have looked/googled but could not find anything. It would be great if there is a place where I can see the LIVE prices of all brokers and even better if I can trade on many/all brokers from 1 platform/1 account.
  • #8
  • Jun 7, 2011 1:56am Jun 7, 2011 1:56am
Quoting jurasicfx
I have looked/googled but could not find anything. It would be great if there is a place where I can see the LIVE prices of all brokers and even better if I can trade on many/all brokers from 1 platform/1 account.
I don't remember the name of the website... will spend some time today to find it.
  • #9
  • Edited 7:40am Jun 7, 2011 5:46am | Edited 7:40am
Presently I trade the majors {USD/INR,EUR/INR,JPY/INR,GBP/INR} on the local National exchange,sometimes called DMA, so I get the exchange price as a verifiable reference to my trades. However the trading hours of the aforesaid pairs prevail only from 09:00Hours to 17:00Hours (MON through FRI); I am seeking a method to quantify "the gap" (up or down) opening prices the following day, hence the correlation, that happens when the market opens the next day based the price movement of the majors that has traded overnight across the different markets - I am looking for intelligent suggestions or whether this endeavor would be futile and may not yield a consistent prediction (if I may use the term).
  • #10
  • Jun 16, 2011 7:35am Jun 16, 2011 7:35am
Quoting josef
I don't remember the name of the website... will spend some time today to find it.

Any luck on getting those links?
  • #11
  • Jun 22, 2011 12:27pm Jun 22, 2011 12:27pm
Quoting josef
I don't remember the name of the website... will spend some time today to find it.
you can click on your user name josef on this thread, and will go to your member info page, and look at the post that you posted, if on FF.
  • #12
  • Last Post: Nov 5, 2020 3:35am Nov 5, 2020 3:35am
The forex market is an un-centralized exchange, and therefore, each broker will have different liquidity providers, a different number of traders (meaning more or less volume) and slightly different prices at times. My broker is LMFX and I am highly satisfied from their services.
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