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Fixed spread broker with 1 pip spread or less?

  • #21
  • Feb 12, 2013 6:25am Feb 12, 2013 6:25am
Quoting mmaker
I may have to go with LMAX's partner Armada Markets. LMAX has minimum deposit requirement of US$10,000.
Armada is not the only IB for LMAX. You could find other IBs with little effort.
I'm not insane; my mother had me tested.
  • #22
  • Feb 15, 2013 5:20am Feb 15, 2013 5:20am
Quote
Armada is not the only IB for LMAX. You could find other IBs with little effort.

Armada Markets it is excellent broker you can start with ECN account with only 300$ their spreads on eurusd and other majors are the best and they have one click trader very fast EA, i sincere recommend Armada i am trading for 3 months with them and i am satisfied, i have withdraw small amount just for testing and i am satisfied with that also.

Excellent broker for example i have a stop loss on 1.34500 and the price goes 1.34505 and my stop loss is remain after that i take some nice profit so i am delighted with armada for now.
  • #23
  • Mar 30, 2013 2:01pm Mar 30, 2013 2:01pm
If there is a broker offering fixed spreads of 1 pip or less, the catch is they probably require a minimim take profit level (such as 10 pips or even 20 pips or more) meaning if your trade opens and you try to scalp 2 pips or 5 pips etc., the trade won't close until you reach the minimum take profit requirement. For some pairs the minimum take profit might even be as much as 50 pips etc.
  • #24
  • Edited 2:31pm Mar 30, 2013 2:08pm | Edited 2:31pm
Quoting hifromeddie
If there is a broker offering fixed spreads of 1 pip or less, the catch is they probably require a minimim take profit level (such as 10 pips or even 20 pips or more) meaning if your trade opens and you try to scalp 2 pips or 5 pips etc., the trade won't close until you reach the minimum take profit requirement. For some pairs the minimum take profit might even be as much as 50 pips etc.
Which broker does that? I have never heard of minimum take profit level of 10pips or even 20pips or as much as 50pips. Are you trying to be funny? If not, just post one example of a fixed spread broker doing that.

IC Markets for example, allows you to set very tight stops while taking relatively large take profits. No such restrictions if you study this trade history (losers are all stopped out at 8pips).
http://www.forexfactory.com/mmaker#55-list
No longer trading forex. Looking for full time job.
  • #25
  • Edited 2:40pm Mar 30, 2013 2:25pm | Edited 2:40pm
No, not trying to be funny. Back in 2010 when I was new to Forex, and all nonUS brokers still accepted US clients, I opened an account with 1pipfix, but they had minimum take profit requirements depending on the currency pair (10 pip minimum for majors...and up to 40 pip minimum for AUDNZD).....but I just noticed they don't do that anymore.

The other day in my research I did come across a fixed spread broker with a 20 pip minimum tp...but maybe this is not the norm anymore...
  • #26
  • Mar 28, 2014 10:29am Mar 28, 2014 10:29am
Hi Guys!

Anyone know what broker has FIXED spread with lower spread, can be ECN or none ECN broker ?
I need to run my EA on lower FIXED spread.
Thanks.
  • #27
  • Mar 28, 2014 11:55am Mar 28, 2014 11:55am
I am also looking for a low spread broker. I am US citizen and I feel like I am at a great disadvantage with the spreads on Oanda that are double, triple or even higher compared to some Australian or UK brokers.

Any advice will be greatly appreciated.
  • #28
  • Apr 1, 2014 4:53am Apr 1, 2014 4:53am
Quoting ~bull.bear~
Hi Guys! Anyone know what broker has FIXED spread with lower spread, can be ECN or none ECN broker ? I need to run my EA on lower FIXED spread. Thanks.
Anyone?

If i have known the broker, because i have profitable EA only work on this conditions. If you interest, you can PM me.
  • #29
  • Apr 4, 2014 6:22am Apr 4, 2014 6:22am
MahiFX have very low fixed spreads and are a market maker. Dont think you will find an ECN/STP broker or broker that wont give you requotes if you want fixed spreads. However, it is possible to find an ECN with much lower spreads but you will need to pay commission.
  • #30
  • Apr 13, 2014 1:18pm Apr 13, 2014 1:18pm
My advice is to not look for fixed spreads, not even 1 pip fixed spread (I assume EURUSD) which is very high.
I trade through institutional account type and have variable true interbank market spreads. EURUSD spread during London and New York sessions averaging 0,065 pips. Commission 1,65 USD per side.... almost three times cheaper trading than 1 pip fixed spread!
  • #31
  • Jan 9, 2015 5:45pm Jan 9, 2015 5:45pm
Quoting 4-ex
My advice is to not look for fixed spreads, not even 1 pip fixed spread (I assume EURUSD) which is very high. I trade through institutional account type and have variable true interbank market spreads. EURUSD spread during London and New York sessions averaging 0,065 pips. Commission 1,65 USD per side.... almost three times cheaper trading than 1 pip fixed spread!
Hi there, would you be able to share which broker are you with and what requirements are there for your institutional account types? Thanks
Make your losses in demo. Earn your profits live.
  • #32
  • Jan 13, 2015 6:32pm Jan 13, 2015 6:32pm
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. {quote}
Would you please be as kind as to explain how an MM broker profits when you lose?
  • #33
  • Mar 8, 2019 1:37am Mar 8, 2019 1:37am
Market Maker / B-Book brokers are able to offer fixed spreads or guarantee stops, such brokers never stream such guaranteed orders to the real marketplace. With the Market Maker business model it is normally in the best interest of such broker for their clients to lose money through.
  • #34
  • Mar 8, 2019 3:19am Mar 8, 2019 3:19am
When 70-80% accounts losing money, only idiot would fry golden eggs laying goose and pass all trades somewhere else. Even so called ecn/stp/dma (self certified ) brokers.
  • #35
  • Mar 8, 2019 3:33am Mar 8, 2019 3:33am
Do not look for fixed spread broker.İ can say that simply Their profit is your loss.

So the question is what will broker do to not to loose money?

They can make false analysis,slippage, slow down your withdrawl or cancel it.

Consequently, i do not recommend but it is your choice.
  • #36
  • Mar 8, 2019 3:46am Mar 8, 2019 3:46am
Rakuten
  • #37
  • Last Post: May 11, 2019 3:43pm May 11, 2019 3:43pm
It doesn't exist!
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