As far as I remember, back in 2005 getting 3 pips spread on the EUR/USD currency pair was pretty cool with the retail Forex brokers. Times have changed and the spreads considered “good” too. Clearly, many companies can now boast spreads below 1 pip. Unfortunately, these low spreads usually come at a cost of either some added commission or an increased minimum account/position size. As a result, not all traders can fully enjoy the industry’s current
The poll below asks you about the average bid/ask spread for EUR/USD you get from your broker. If you trade with two or more brokers, then please select the option that corresponds with the broker you do the majority of your EUR/USD trading with. For example, I get an average spread of 1 pip from one broker and 2 pips from another, but most of my EUR/USD trades are done with the second one, so I vote “2 pips, no commission” in this poll.
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Wow. Guys, how are you going to be profitable traders if around 50% of traders pay more than 1.5 pip commission? I don’t count hidden rocks as slippage and re-quotes.
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admin Reply:
August 22nd, 2012 at 2:11 pm
What spread do you get?
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Alexander Collins Reply:
August 23rd, 2012 at 10:00 am
Less than 0.5 pip + 2 USD per lot commission with Armada Markets. I need fast broker for automated trading due to logic of EA
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admin Reply:
August 23rd, 2012 at 1:57 pm
That is a really nice spread/commission. I wonder if they accept scalpers…
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The average spread is approximately 2.6 pips
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admin Reply:
August 23rd, 2012 at 7:24 am
Which broker is that, if you don’t mind?
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