1 pip EUR/USD

[ronblack]

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]

Hi Ron,

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


Thanks

Damian

 

[ronblack]

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

Ron

 

[rog1111]

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]

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]

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

 

[frlag]

crownforex

try http://www.crownforex.com/

demo is ok but I haven't tried real account

 

[FedePresident]

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]

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

 

[FXSCALPER2]

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.

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]

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