Mystery behind pips differences in brokers?

[Rowan_0]

As I use two different brokers at a time, I see pips differences. Have you noticed it? Do you think it is a theft?

 

[Moty]

Not really, every broker’s spread is different.

 

[fargana]

As I use two different brokers at a time, I see pips differences. Have you noticed it? Do you think it is a theft?

Brokers need to source asset prices from various origins and deliver them to you with minimal latency. These sources may vary, and the speed of data transmission can also be a crucial factor. Unless there is a significant and consistent disparity in the data, it may not be worth your attention.

 

[Oli_jackson]

Different brokers are connected to different liquidity providers, and that is the main reason behind the pip differences. Not to mention the terms they have to abide by because of regulations.

 

[CallahanSinclair]

I think it usually reflects factors like market liquidity, broker type, and time of day, rather than indicating theft.

 

[Chadpowell]

As I use two different brokers at a time, I see pips differences. Have you noticed it? Do you think it is a theft?

I don't think that is something you need to be worried about much if you are using a reputable one.
They use different providers, and changes are always the same, so it won't affect your profit or loss.

 

[Resolve]

I don't think that is something you need to be worried about much if you are using a reputable one.
They use different providers, and changes are always the same, so it won't affect your profit or loss.

You will need to do your trading with the broker that has the lowest spreads in the major currency pairs.