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CMC Markets, EUR/USD 0.7 pips spread?

  • #1
  • First Post: Nov 14, 2011 3:59am Nov 14, 2011 3:59am
Hi,

Is anyone using CMC Market? It just claims that their lowest spread on EUR/USD is 0.7 pips and further more their typical spread on this pair is 0.933 pips.

http://www.cmcmarkets.com.sg/cfd/spr...ypical-spreads

They also post that they have no dealer intervention & 100% automated execution. Have anyone trade with them? Can anyone verify this?

Thanks,
Evil
  • #2
  • Nov 14, 2011 4:32am Nov 14, 2011 4:32am
When it comes to brokers, can anyone that's not on a regulatory board really 'verify' anything concerning intervention?

I don't have an account with them, they don't have mt4. But they've been around since 1989 and have always been doing well offering various markets to trade. A minimum spread on the EUR of 0.7 isn't impressive but the typical spread of .9 is, which is a just an average of all the past week's spreads, that can't be doctored so they're not able to make that up. Why don't you just open a demo and have a look-see.
  • #3
  • Nov 14, 2011 4:49am Nov 14, 2011 4:49am
The spread on the Euro right now is steady at 0.7 pips. Ocassionally it jump to 1.1 pips.

They used to be one of the worst brokers around. (in my experience). But with the new Market Tracker plataform it seems they got their act togheter.

They also give costumer with a real account a permanent demo account to test any strategies.
  • #4
  • Nov 14, 2011 5:04am Nov 14, 2011 5:04am
Had an account there , RUBBISH , the only real broker out there is www.lmaxtrader.co.uk , execution is SUPER without any games
  • #5
  • Nov 14, 2011 5:06am Nov 14, 2011 5:06am
Quoting Cocoflanel
Had an account there , RUBBISH
I second that. i haven't used them for a good couple of years though, maybe they are better now
  • #6
  • Nov 14, 2011 4:23pm Nov 14, 2011 4:23pm
Quoting havaiana
I second that. i haven't used them for a good couple of years though, maybe they are better now
----------------------

They new platform, Market Tracker, is a lot better. Lower spreads, faster execution and very flexible. You can trade any amount. Even 1 dollar.
For beginners is very good because you can trade an amount equal to your capital. No leverage means very little risk to loose the account.
In mi opinion they are at the moment one of the best brokers around.
0.7 Pips on the Euro with no commission is hard to beat.
  • #7
  • Nov 14, 2011 4:52pm Nov 14, 2011 4:52pm
Quoting Joe050
----------------------

They new platform, Market Tracker, is a lot better. Lower spreads, faster execution and very flexible. You can trade any amount. Even 1 dollar.
For beginners is very good because you can trade an amount equal to your capital. No leverage means very little risk to loose the account.
In mi opinion they are at the moment one of the best brokers around.
0.7 Pips on the Euro with no commission is hard to beat.

I traded on Market Tracker , RUBBISH, slow execution, stop hunting,typycal scam behaviour..

If you want to trade any amount go with Oanda otherwise Lmax
  • #8
  • Last Post: Nov 21, 2011 10:59am Nov 21, 2011 10:59am
So I have been demo trading for close to year, I have honed my methods with a lot of help from reading the forums and good old fashioned screen time, Wrangled together my bank roll to get started and opened a live account at FOREX.COM – this is where my dilemma comes in – When I added the ask line to my chart I farted – there is at least 12 pips at all times on EUR/USD? At open on Sunday I placed my first test trade at FOREX.COM and at execution I was already down 58 PIPs !!
I was Demo trading with a LITE-forex nice even spreads – but I don’t seem to see that their reputation is all that spotless…. Anyone have any experience with LITE – Anyone give me any pointers on who I should try…. My credit history sucks BTW so I felt lucky to be approved by FOREX.COM but those type of spreads kind of crimps my system..
Thanks for looking.
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