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Fixed spread broker with 1 pip spread or less?

  • #1
  • First Post: Mar 12, 2012 9:07am Mar 12, 2012 9:07am
Hi guys,

Just wondering is there a fixed spread broker with fixed spread = 1 or less???


maybe some of you know about this....thanks
  • #2
  • Mar 12, 2012 3:59pm Mar 12, 2012 3:59pm
Quoting allysius2005
Hi guys,

Just wondering is there a fixed spread broker with fixed spread = 1 or less???


maybe some of you know about this....thanks
TDFX, Forexyard...
  • #3
  • Mar 12, 2012 11:34pm Mar 12, 2012 11:34pm
Seems pretty attractive about the small spread. Bu may be its just a pitfall)
very nice, good price..!
  • #4
  • Mar 13, 2012 12:08am Mar 13, 2012 12:08am
  • #5
  • Mar 13, 2012 11:04pm Mar 13, 2012 11:04pm
Quoting allysius2005
Hi guys,

Just wondering is there a fixed spread broker with fixed spread = 1 or less???


maybe some of you know about this....thanks
you're a douche if this broker did exist they would be a dodgy as hell.

scfx
The best indicator is price.
  • #6
  • Mar 14, 2012 1:58am Mar 14, 2012 1:58am
Quoting systray
4XP offers 1 pip fixed spread on 1 major of your choice if you open Classic account and 1 pip fixed spread on all majors if you open Platinum Account. Here is a list of more fixed spread brokers.

TadawulFX offers 1 pip fixed spread for accounts over $150,000.
Oh No You Didn'T
  • #7
  • Mar 14, 2012 8:32am Mar 14, 2012 8:32am
Dont even think of connecting any brokerage with such a small spread because they can not be ecn. You should defenetally look for an ECN broker not a 1 pip market maker.
  • #8
  • Mar 15, 2012 5:17am Mar 15, 2012 5:17am
Quoting rooicol
TDFX, Forexyard...
But those don't offer real tradable spread as they oppose limit/ requotes. So you end up paying far more than advertised spread.

13
Brokers are angels
  • #9
  • Mar 15, 2012 7:38pm Mar 15, 2012 7:38pm
Quoting allysius2005
Hi guys,

Just wondering is there a fixed spread broker with fixed spread = 1 or less???


maybe some of you know about this....thanks
If you want to invest less than $10000, there is FxClearing with fixed spread = 1 pip for EURUSD only, others currency are low enough. I am joining this broker since 2009 and no problem with withdrawal.
  • #10
  • Mar 17, 2012 3:41pm Mar 17, 2012 3:41pm
Admiral Markets has 1 pip on EUR/USD
  • #11
  • Edited 8:46am Apr 2, 2012 8:34am | Edited 8:46am
Quoting future
Admiral Markets has 1 pip on EUR/USD
Actually, on their Pro account the average spread for eur/usd is just around 0.5 pips, can go as low as 0.1 pips! It requires a minimum depo of 1000 usd/eur, though.
  • #12
  • Feb 10, 2013 6:43am Feb 10, 2013 6:43am
I second the motion. As per Tommy Proun suggested, you better trade on an ECN than finding a broker with fixed small spread.

Quoting fx13
But those don't offer real tradable spread as they oppose limit/ requotes. So you end up paying far more than advertised spread.

13
  • #13
  • Feb 10, 2013 10:05pm Feb 10, 2013 10:05pm
Quoting Tommy Proun
Dont even think of connecting any brokerage with such a small spread because they can not be ecn. You should defenetally look for an ECN broker not a 1 pip market maker.
Quoting uncoveredahe
I second the motion. As per Tommy Proun suggested, you better trade on an ECN than finding a broker with fixed small spread.
But why?? What is the reason to go for ECN brokers??
No longer trading forex. Looking for full time job.
  • #14
  • Feb 11, 2013 3:27am Feb 11, 2013 3:27am
Quoting mmaker
But why?? What is the reason to go for ECN brokers??
You go for an ECN broker to avoid conflict of interest.
DD broker's interest (to make profit) is directly in conflict the traders interest (to make profit)... that should be obvious and no amount of sugarcoating and spinning is going to change that.
I'm not insane; my mother had me tested.
  • #15
  • Feb 11, 2013 8:37pm Feb 11, 2013 8:37pm
MM broker profiting when a client loses a trade where ECN is earning through commission only. In short, MM brokers are against your interest which is to profit.

Quoting mmaker
But why?? What is the reason to go for ECN brokers??
  • #16
  • Feb 11, 2013 9:38pm Feb 11, 2013 9:38pm
Quoting uncoveredahe
MM broker profiting when a client loses a trade where ECN is earning through commission only. In short, MM brokers are against your interest which is to profit.
Doesn't make sense. If I take the same entries and same exits on both a ECN broker and a fixed spread broker, are you saying I will win on ECN broker but lose on fixed spread broker?
No longer trading forex. Looking for full time job.
  • #17
  • Feb 11, 2013 9:46pm Feb 11, 2013 9:46pm
The fixed spread broker might "Requote" your trade, slip your entry/exit a couple pips, disconnect/freeze the platform - market makers have all kinds of tricks they use to give them the edge over you since when you lose THEY win. ECN's only make money from commission they don't care if you win or lose. (in fact they hope you win so you trade more and larger)

Those tricks could cost you thousands of pips over the course of a trading year. for many those small pip slippages on entry and exit can be the diff between profit and loss. Finding a honest market maker is a challenge, ECN makes it just a little bit easier to find a decent broker that at least doesn't trade against you.
  • #18
  • Feb 11, 2013 9:57pm Feb 11, 2013 9:57pm
Quoting BlackOpz
The fixed spread broker might "Requote" your trade, slip your entry/exit a couple pips, disconnect/freeze the platform - market makers have all kinds of tricks they use to give them the edge over you since when you lose THEY win. ECN's only make money from commission they don't care if you win or lose. (in fact they hope you win so you trade more and larger)
Those tricks could cost you thousands of pips over the course of a trading year. for many those small pip slippages on entry and exit can be the diff between profit and loss. Finding a honest...
So which broker do you use? Does it use tricks like these on you?
No longer trading forex. Looking for full time job.
  • #19
  • Feb 12, 2013 5:11am Feb 12, 2013 5:11am
Quoting mmaker
So which broker do you use? Does it use tricks like these on you?
I use LMAX and MB Trading and these brokers play no tricks on me.
I'm not insane; my mother had me tested.
  • #20
  • Feb 12, 2013 6:20am Feb 12, 2013 6:20am
Quoting mmaker
I may have to go with LMAX's partner Armada Markets. LMAX has minimum deposit requirement of US$10,000.
There are a few introducing agents around that allow you to join LMAX and trade with only $1000-2000. Google should find some
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