|
|
Post by ddtrader on Jan 28, 2015 6:27:21 GMT -5
Recently on FXCM I have my bid price has consistently been 3 pips away from the ask (which obviously makes it harder to win pips). It used to be 2 pips away. When I called them they said its between 2.2 - 2.5 but on the chart I'm 3 pips way. You MB Trader guys, how has it been for you? has there been a change since the ECB interest rate decision? How many pips away is your bid from ask? I'm considering switching so I'd like to know.
|
|
|
|
Post by traderAllen on Jan 28, 2015 11:51:36 GMT -5
Anytime there is an increase in volatility spreads will always increase, this is the nature of spot Forex. MB's spreads have been out of whack the same as FXCM although not quite as bad. I think this is something that you have to deal with regardless of the broker you may be using. More importantly, is the fill if you're getting a lot of slippage this is where I would be concerned. The one thing that I do like about MB is slippage goes both ways. I think most brokers including FXCM puts the positive slippage in their pocket instead of yours.
The main thing to concern yourself with the spreads is, are they fair? I always have a secondary platform running, in my case it's think or swim, so when spreads start to widen I check the spreads that I'm getting through think or swim to make sure their close to the same. This way I know my brokers being honest. As Ronald Reagan used to say trust but verify.
|
|
|
|
Post by ddtrader on Feb 16, 2015 6:11:10 GMT -5
Wowwwww!!!! I am on MB Trading feed and this is a game changer. I cannot believe what a disadvantage I have been trading at with the 3 pip FXCM spread. Bye-bye FXCM, Hello consistently profitable  . (no trades in the london session today. probably a slow NY session ahead as well, due to Presidents Day. no problem. good for working on patience). |
|
steve
New trader
Posts: 37 
|
Post by steve on Feb 16, 2015 8:11:59 GMT -5
Patience? What is that?
|
|
|
|
Post by photize on Mar 8, 2015 14:10:04 GMT -5
I used to be with Alpari UK , 2 - 3 pips and slippage what a nightmare almost impossible to scalp. I'm with Pepperstone now. 0.1 to 0.4 which-is-excellent and 0.5 commission, that's fine as the spread is small on the chart , I would of course like ninja, maybe later D non US of course
|
|
|
|
Post by cha-ching on Mar 10, 2015 22:00:43 GMT -5
You can compare broker spreads at this site: www.myfxbook.com/forex-broker-spreadsWhen you click on any spread it will give you the most recent history. However MBTrading doesn't have any spread history from there. Others have, e.g., OANDA, Pepperstone, etc. |
|
|
|
Post by traderAllen on Mar 11, 2015 10:34:24 GMT -5
Keep in mind there are two things that cost you when you enter a trade the spread is only one the other is slippage. Just because a broker advertises goods spreads doesn't mean you're going to get the best fills. FXCM for example always has low spreads, but there slippage is horrible. This is often done by design from the broker. Just something to be aware.
|
|
|
|
Post by cha-ching on Mar 11, 2015 21:35:27 GMT -5
Great point Allen. I actually started this month to keep track of the slippage. Since I use market order to enter (and to close early), I always compare the actual entry/exit with the desired price level. So far I have only very few samples but overtime it will prove useful.
|
|
.
