GFT have cut their spreads on FX, 0.6 on EUR/USD and 0.8 on cable. They are still variable spreads but from what I can see their average spread is very close to this. I'm hoping it stays this way because their fills are fast too.
The zero point spread on the indices is only on the "daily rolling future", not on the cash market.
Also, here's the other BIG catch: if you hold this position overnight they charge you 1 index point every day it's open. How is that justified? it's a futures price so there is no overnight...
with all due respect...if you don't factor slippage in to your trading you are not a serious trader. Show me one FX / Spread / Cfds provider in the world who doesn't pass on slippage, and I can predict they wont be around long. people who moan about slippage either try to trade over figures, or...