Any fixed spread broker with exactly 2.0 pip spread? | Forex Factory

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Any fixed spread broker with exactly 2.0 pip spread?

  • #1
  • First Post: Aug 1, 2016 9:33pm Aug 1, 2016 9:33pm
Is anyone aware of any guaranteed fixed spread broker with exactly 2.0 pip spread (that's 2 pips, or 20 pipettes)....?

Please share your experience using them.
  • #2
  • Aug 1, 2016 11:52pm Aug 1, 2016 11:52pm
Quoting Pipologist
Is anyone aware of any guaranteed fixed spread broker with exactly 2.0 pip spread (that's 2 pips, or 20 pipettes)....? Please share your experience using them.
Hey Pipologist. We see it says you're working on new EAs which I assume is why you're asking the question about trading with fixed spreads?

Just be careful with using short term EAs on promised 'fixed spreads'. The only way a broker can guarantee a fixed spread, is if they're providing the price themselves. Of course this is all good and well for both parties until major news releases or unexpected events where either broker or the trader can get badly exposed.

When an EA is trading in and out of the market a lot, this is where the 'fixed' spreads are called into question and aren't always honoured by the broker.
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  • #3
  • Aug 2, 2016 1:46am Aug 2, 2016 1:46am
Quoting Vantage FX
{quote} Hey Pipologist. We see it says you're working on new EAs which I assume is why you're asking the question about trading with fixed spreads? Just be careful with using short term EAs on promised 'fixed spreads'. The only way a broker can guarantee a fixed spread, is if they're providing the price themselves. Of course this is all good and well for both parties until major news releases or unexpected events where either broker or the trader can get badly exposed. When an EA is trading in and out of the market a lot, this is where the 'fixed'...
Aware of risks and broker practices and market tendencies. Want to fix entry at 2.0 pips slip period, even if the the spread is less than 2 pips.

EA passes on trade if spread is more than 2. Exits are handled by hard stops/hard TPs not worried about spread on exit. EA is not using a scalping strategy and only gets in about 15 trades a month.

Current broker used to have such an account but they discontinued it and went to NDD/STP/ECN.
  • #4
  • Last Post: Aug 2, 2016 4:19am Aug 2, 2016 4:19am
Quoting Pipologist
Is anyone aware of any guaranteed fixed spread broker with exactly 2.0 pip spread (that's 2 pips, or 20 pipettes)....? Please share your experience using them.
You can search brokers at this website: https://www.100forexbrokers.com/fx/broker_results.php.

There's one fixed spread broker that I can recommend. XTB offers 1.6 pip spread for eurusd, no requotes and guaranteed stop loss execution during market hours, so it won't work after weekend gap. However before news release they don't allow you to set tight stop loss. They also offer normal ECN account with variable spreads and commission.
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