No spread broker | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Should Trade with Broker offering low spread or wide spread? 12 replies

Fixed spread broker with 1 pip spread or less? 36 replies

Any fixed spread broker with exactly 2.0 pip spread? 3 replies

Variable spread vs FIXED spread & broker comment/feedback 6 replies

1pips spread is showing as 18 spread, anyway to overcome? 1 reply

Attachments: No spread broker
Exit Attachments

No spread broker

  • #21
  • Oct 24, 2016 4:06am Oct 24, 2016 4:06am
Quoting Fedricks
{quote} Lol..... You are close to finding such company as many brokers already are there who deletes profitable trades, so maybe soon there will be one like you wish for
I think he was just joking in the context of some comment above.
Oh, I read lots about brokers that delete profiles, but haven't met such companies yet. Thanks God!
  • #22
  • Oct 24, 2016 5:26am Oct 24, 2016 5:26am
Quoting JensG
{quote} I'm looking for a broker who deletes losing trades.
hahaha...good one
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
  • #23
  • Oct 24, 2016 8:19am Oct 24, 2016 8:19am
Quoting alextrader79
{quote} I think he was just joking in the context of some comment above.
Of course I was joking. The thing I was trying to point out is that people ask for something that can't exist in the market. A broker is, um well, a broker - if your English isn't that well look the word up in a dictionary. The broker is your connection to a market. By asking for no-spread or, even better, permanent negative spread you're not asking for a broker anymore, it's a betting firm you're looking for. A firm that doesn't act as a true broker but instead makes money from you.
A real market with permanent negative spread won't exist because no one would offer his money on such a platform just as no broker would allow me to delete my losing trades.

Negative spread may exist for a fraction of a second every now and then, that you see it doesn't mean you can trade it.
  • #24
  • Oct 25, 2016 8:59am Oct 25, 2016 8:59am
Quoting alextrader79
{quote} I think he was just joking in the context of some comment above. Oh, I read lots about brokers that delete profiles, but haven't met such companies yet. Thanks God!
Yup i know that, i was joking too as obviously no such company can ever be present like that. Anyway, i too haven't seen too many such companies but Instaforex (during news) and FreshForex are two brokers come to mind for such act.
  • #25
  • Oct 25, 2016 9:37pm Oct 25, 2016 9:37pm
Quoting leebsurag
I doubt there are brokers that offer no spread accounts, because setting fixed commission they take risks from spread widening on themselves. Moreover no spread account is a perfect place for scalping especially for those who uses momentum strategies and I doubt brokers will allow making profits so easy from their platform. As an alternative option you can try fixed spread accounts for example from Hotforex. EURUSD fixed spread is 1.8 pips there, on GBPUSD they charge about 2 pip per lot. Good luck
That's pretty expensive ... Vantage's average eurusd spread is about .4 pips + .6 commission ... nearly half the price

There's cheaper ECNs around too but seem to get slipped more from my experience

Quoting JensG
{quote} I'm looking for a broker who deletes losing trades.
bahahahahaha
  • #26
  • Oct 26, 2016 2:12am Oct 26, 2016 2:12am
Quoting Fedricks
{quote} Yup i know that, i was joking too as obviously no such company can ever be present like that. Anyway, i too haven't seen too many such companies but Instaforex (during news) and FreshForex are two brokers come to mind for such act.
Strange thing, but I agree Internet is full of such stories, however these two have enough clients to work on the markets. Don't know if it's true or just pr, but I'd rather be far from them
  • #27
  • Oct 26, 2016 12:10pm Oct 26, 2016 12:10pm
Hope this link could help:
https://www.earnforex.com/zero-spread-brokers/

But don't forget zero spread or raw spread normally come along with commission. If they don't, they are scams.
  • #28
  • Oct 27, 2016 2:04am Oct 27, 2016 2:04am
JensG said it right on point , There is no such thing as a no spread broker!!! Spreads are coming from the banks, If you see a broker offering something like that its defo a scam. You should search for the brokers that offer lower spreads, but not less than the interbanking spreads.
  • #29
  • Oct 27, 2016 4:37am Oct 27, 2016 4:37am
Quoting DwainUK
JensG said it right on point , There is no such thing as a no spread broker!!! Spreads are coming from the banks, If you see a broker offering something like that its defo a scam. You should search for the brokers that offer lower spreads, but not less than the interbanking spreads.
There is such thing as a no-spread accounts or instruments offered by some brokers. Obviously, they are accompanied by significantly increased commission to compensate the broker for the risks of widened market spreads. I am using a no-spread account for a news trading strategy and it works as intended. Lately, only few brokers offer such service.
  • #30
  • Oct 27, 2016 8:12pm Oct 27, 2016 8:12pm
Quoting vinnytrades
{quote} That's pretty expensive ... Vantage's average eurusd spread is about .4 pips + .6 commission ... nearly half the price There's cheaper ECNs around too but seem to get slipped more from my experience {quote} bahahahahaha
Word 1.8 on EURUSD is through the roof ... not sure why folks insist on paying for their broker's kid's college hahaha and yeah that's why I've stuck with Vantage ... spreads aren't the lowest but they are really low, commission charge is the cheapest of the Aus ECN's and cop way less slip than IC or PS.
  • #31
  • Oct 29, 2016 6:31pm Oct 29, 2016 6:31pm
When comparing spreads please do not forget that prices (and therefore the spread) will get worse the bigger the position size is. In other words a very tight spread could very well be just a decoy with extremely thin liquidity (or just very aggressive market making by some of their LPs). Some brokers have rules like "all bid/ask quotes have a minimum size of 1 million" which makes comparison harder and a glance at the top of the book simply doesn't cut it anymore.

LMAX offers a great demo application to look at the different bid/ask prices according to the amount you want to buy or sell
https://s3-eu-west-1.amazonaws.com/l...dget-vwap.html

Which naturally doesn't work on weekends.
  • #32
  • Oct 30, 2016 10:27pm Oct 30, 2016 10:27pm
Quoting vinnytrades
{quote} That's pretty expensive ... Vantage's average eurusd spread is about .4 pips + .6 commission ... nearly half the price There's cheaper ECNs around too but seem to get slipped more from my experience {quote} bahahahahaha
You are talking about floating spread which can increase during news to more than 1 pip, etc, while I use absolutely fixed spread of 1.8 pips which doesn't widen even during crazy volatility as broker takes risks on itself. Although not sure about how requotes work there.
  • #33
  • Nov 1, 2016 4:41am Nov 1, 2016 4:41am
I guess you use that account to trade news which is a sure shot considering the news spreads widening to 15-30 pips depending on the news. But otherwise for normal trading I wouldn’t trade with 1.8 Pip fixed spread that is far too much dude.
  • #34
  • Nov 1, 2016 12:04pm Nov 1, 2016 12:04pm
Quoting Jason Rogers
{quote} Hi Vhervatin, I understand your desire for a forex broker with commissions but without spreads, because it would allow you to trade with fixed transaction costs (commission+spread). However, the reality is spread costs are not fixed in the forex market, at zero or any other level. With the No Dealing Desk (NDD) pricing FXCM provides to all Standard accounts (5k minimum) and Active Trader accounts (25k minimum), it's possible to trade on low spreads, since we offset each client order one-for-one with the...
Spreads can and do go to zero on the Insti side, but not consistently at all and not without other costs (such as commissions) - even during liquid times on EurUsd. Jason is correct though that they will never be fixed at zero and any broker pitching fixed spreads at 0 you can should run from on the double.
  • #35
  • Last Post: Nov 6, 2016 4:42pm Nov 6, 2016 4:42pm
Quoting leebsurag
{quote} You are talking about floating spread which can increase during news to more than 1 pip, etc, while I use absolutely fixed spread of 1.8 pips which doesn't widen even during crazy volatility as broker takes risks on itself. Although not sure about how requotes work there.
Quoting DwainUK
I guess you use that account to trade news which is a sure shot considering the news spreads widening to 15-30 pips depending on the news. But otherwise for normal trading I wouldnt trade with 1.8 Pip fixed spread that is far too much dude.
I very rarely see spreads that wide during news ... when conditions are that bad the fixed spread guys are widening too ... that's why I'd rather go with broker who has low spreads .999% of the time. I take about 100 trades a month - if I was paying 1.8 like lee that would be 80 pips straight off my monthly pip count ... no way I'm volunteering for that ... that's the difference between a breakeven month and a loss
0 traders viewing now