EUR/USD From 1 pip

Claudia123

Claudia123

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Just got email from IG claiming eur/usd from 1 pip in certain market conditions. Come on clever people explain wot they up to - certainly aint for our benefit. Is it to make ya trade when the markets flat or ranging then spike ya??

Mod if this in wrong place please move.
 
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it also said that at other times they will widen the spread out if the underlying spread is wide.


So basically once in a while you'll get 1 pip but other times they'll go 5
 
now IG joined many firms by offering variable spreads , thats mean they will widen their spreads sometimes up to 3 times their typical spread ( maximum )

Forex Spread Changes

anyway we will watch at liquid times how their spreads will be , they claim G/J from 3 pip minimum and yen 1 pip minimum ...we will c .
 
yep saw this yesterday, still 3 pips a spread on cable, yet they state 2 pips in thier new marketing blurb. :confused: Worldspreads is one pip on just about all indices apparently, although be careful how you fill in their account opening form, make out like you havn't got a clue and have never traded, they don't want experienced traders to pile in, they only want lambs.
 
Black Swan said:
yep saw this yesterday, still 3 pips a spread on cable, yet they state 2 pips in thier new marketing blurb. :confused: Worldspreads is one pip on just about all indices apparently, although be careful how you fill in their account opening form, make out like you havn't got a clue and have never traded, they don't want experienced traders to pile in, they only want lambs.
Click to expand...

most of the time it is the typical spread but it narrows for seconds only watch cable and G/J ...
 
Might just be me, but i do notice that the price widens after you get into profit... Will update with more findings once more trades are placed.
 
KillPhil08 said:
Might just be me, but i do notice that the price widens after you get into profit... Will update with more findings once more trades are placed.
Click to expand...

open a demo account at IGmarkets and compare it with your profitable live trades , let us know ...
 
I think its industry wide with competing shops having to offer better rates. People are looking to have tight spreads and reliability of execution, and punters ,it seems are happy to move money abroad into foreign companies to seek the best for themselves, so at least they can have worry free trading in terms of a fair price and actually being able to execute when they want . If IG do not follow then , I think customers will leave to try out the sub 1 pip organisations on the planet.

I can see a time, where punters will be paid to trade through companies? Anyone else see that coming.....
 
Will do if I have time :).

Free bonuses and trading accounts is paying some of us anyways, although knowing it's free mucked up some of my accounts...
 
Even CME are offering mini forex futures. The Bucket Shops will not like that (once volume in the new Mini's builds up that is)
 
Noticed that IG were on 1 pip euro/dollar when the around 1330 gmt when the dow opened, it didn't last long though and returned a few times when the market became most liquid.
 
Thought this was good at first, GBP/USD tightening to 2 points at times, EUR/USD tightening to 1 point at times. But EUR/GBP normal spread has increased from 2 to 3.
 
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