1 pip EUR/USD

ronblack · Oct 22, 2006

is there any FX broker with 1 pip EUR/USD bid/ask spread? I've been trading with xpresstrade (3 pips spread) for the past year or so and I've concluded it is very hard to make any money intraday with a 3 pip spread. Your thoughts please.

Ron

damianoakley · Oct 22, 2006

Hi Ron,

Although I trade shares and not forex, have you tried Oanda.com? - they have a 1.5 pip spread.

Thanks

Damian

ronblack · Oct 22, 2006

Thanks Damian, I think I will try them. That's better than the 3 pips I'm charged right now.

Ron

rog1111 · Oct 22, 2006

3 pips is way too high. I suggest you look at interactivebrokers.com. 1 or 0.5 pip on IdealPro, depending on time of day.

rog1111

PhantomMax · Oct 23, 2006

ronblack said:
is there any FX broker with 1 pip EUR/USD bid/ask spread? I've been trading with xpresstrade (3 pips spread) for the past year or so and I've concluded it is very hard to make any money intraday with a 3 pip spread. Your thoughts please.

Ron

my tip, we need best trading ideas instead more small spread, few years ago spread was 10 pips
www.iq-trader.com provider good technical analysis

JP1966 · Oct 23, 2006

Try an ECN like currenex. choice or 1 pip virtually all day. cable usually 1 or 2.

frlag · Oct 25, 2006

crownforex

try http://www.crownforex.com/

demo is ok but I haven't tried real account

FedePresident · Oct 27, 2006

frlag said:
try http://www.crownforex.com/

demo is ok but I haven't tried real account

I'm in live with them since september, for now I'm satisfied.

gc1 · Oct 27, 2006

I presume that Swiss address for them is an accomodation address. Their domain was previously registered from an address in Amman, Jordan.

FXSCALPER2 · Oct 27, 2006

I see what you are saying, by and large, but it will really be appreciated if you could expand on it further, with examples if possible, when you get the time. Thanks.

GammaJammer said:
The reason most newbies struggle to absorb the spread costs in retail forex is that they are trading far too frequently and on far too short a timeframe. You might try looking at that instead. 1 Hour chart minimum, and a few trades a day.

Good luck

GJ

ronblack · Oct 27, 2006

GammaJammer said:
The reason most newbies struggle to absorb the spread costs in retail forex is that they are trading far too frequently and on far too short a timeframe. You might try looking at that instead. 1 Hour chart minimum, and a few trades a day.

Good luck

GJ

Thanks GJ. Regardless of the timeframe, on four trades per day for example, a 3-pip spread on each side of the trade is a net 24 pip lose as opposed to just 8 pips in the case of 1-pip spread. Assuming you trade everyday then (24-8) x 250 = 4,000 pips.

Now, I wonder if you are satisfied knowing your broker pockets this instead of you.

Ron

1 pip EUR/USD

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