Spreads Myfxbook

Forex Brokers Spread Comparison - Forex Brokers Portal

Forex Brokers Spread Comparison - Forex Brokers Portal submitted by brokerportal to Forex [link] [comments]

A lot of people recommend Oanda here for beginners, especially with limited capital, but their spreads look terrible

I'm new and currently trying to set up a paper trading setup as I'm reading and learning as I go. So in a lot of ways I've heard good arguments that Oanda is a good brokerage to start, especially for low cash volume( eg ). But their spreads look terrible. Wouldn't that be potentially pretty harmful, especially for small accounts?
submitted by Dont_Trust_Ducks to Forex [link] [comments]

Oanda's spreads are HUGE

Oanda is considered by many on /forex to be the best broker. Apart from all the pros, its spreads are extremely high relative to other legitimate brokers. I used Myfxbook to compare spreads. The brokers I compared are from this list. I used EUUSD as the independent variable.
Oanda: 8.6
FXCM: 0.4
Forex.com: 5.6
Pepperstone: 1.0
Darwinex: 0.9
IC Markets: 0.9
Exness: 3.1
RoboForex: 7.7
Oanda has the highest spreads. 21.5x FXCM's spreads! I opened a demo account in Oanda, but after comparing their spreads to other brokers, I will probably not open a live account with them. Other legitimate brokers have smaller spreads, why open an account with Oanda?
submitted by JacobM00re to Forex [link] [comments]

Any scalpers(5pips) recommend a low spreads broker(UK)?

Not sure if there are any scalpers here but I just want to get a sense of what spreads you have?
Mainly for the GBPJPY & EURJPY and any other exotics?
Also if you could recommend any brokers that would be helpful?
EDIT: I found a comparison website http://www.myfxbook.com/forex-broker-spreads
submitted by --_-_-_-_-_-_-_-- to Forex [link] [comments]

Getting Started

Hey guys! I found a super cool list of everything a new forex trader would need to get started! Originally made by to nate1357. Link to original thread http://redd.it/328cjr
Free Resources
Education:
www.babypips.com/school
www.informedtrades.com/f7
www.forex4noobs.com/forex-education
www.en.tradimo.com/learn/forex-trading
www.youtube.com/useTheTradeitsimple
www.traderscalm.com
www.orderflowtrading.com/LearnOrderFlow.aspx
www.profitube.com
Calendars:
www.forexfactory.com/calendar.php
www.dailyfx.com/calendar
www.fxstreet.com/economic-calendar
www.forexlive.com/EconomicCalendar
www.myfxbook.com/forex-economic-calendar
www.investing.com/economic-calendar
Free News Websites:
www.forexlive.com - Daily live news, analysis and resources
www.financemagnates.com - FX industry news and updates
www.fxstreet.com - Daily news, analysis and resources
www.forextell.com
www.forexcup.com/news
www.bloomberg.com/markets
Forums:
www.reddit.com/forex
www.forums.babypips.com/
www.forexfactory.com/forum.php
www.elitetrader.com/et/index.php
www.forex-tsd.com/
www.fxgears.com/forum/index.php
www.trade2win.com/boards
Margin / pip / position size calculators
www.myfxbook.com/forex-calculators
Brokerages:
There are many factors to consider when choosing a brokerage. Regulations typically force US traders to only trade at US brokerages, while international traders have more choice. After considering location you need to consider how much capital you will start trading with as many have minimum deposit levels. Once you’ve narrowed that down you can compared spreads and execution. ECN brokers execute your orders straight through to their liquidity providers, while market maker brokers may pair up your trades with other clients. Market maker brokers typically will partially hedge your positions on the interbank market. Many consider this to be a conflict of interest and prefer to trade at an ECN broker who would have an active motive to see you succeed. Lastly, brokers run inherently risky business models so it is important to consider the risk of bankruptcy.
www.forexpeacearmy.com - Aggregates broker reviews. Be warned though that people only seem to make bad reviews.
www.myfxbook.com/forex-broker-spreads - Live comparison of executable spreads
United States & International-
-Interactive Brokers
International Only-
-LMAX (whitelabel DarwinEx)
*DMA broker based in the UK. Note that as a DMA broker LMAX eliminates the ability for LPs to last-look transactions. This may result in reduced liquidity during volatile times as liquidity providers would be likely not to risk posting liquidity to LMAX's pool. *Tight spreads *Minimum deposit $10,000 *Fairly well diversified
-Dukascopy
*ECN based in Switzerland, but available elsewhere depending on local regulations.
*Tight spreads *Minimum deposit $100 *Fairly well diversified
-IC Markets *ECN based in Australia *Fair spreads on standard account, tight spreads on professional accounts. *Minimum deposit $200 *Fairly well diversified
-Pepperstone
*ECN broker based in Australia. *Fair spreads on standard account, tight spreads on professional accounts. *Minimum deposit $200 *Not well diversified
Software / Apps:
Desktop/mobile
Terminology/Acronyms:
www.forexlive.com/ForexJargon - Common terms and acronyms
FAQ:
I need to exchange money, how do I do it?
This isn’t what this sub is for. Your best bet is using your bank or an online exchange service. Be prepared to pay a hefty fee.
I have money in one currency and need to exchange it into another sometime in the future, should I wait?
Don’t ask us this. We speculate intraday in FX and shouldn’t be relied on to tell you what’s best for you. Exchange the money when you need it.
I have an FX account, should I start trading demo or live?
This is highly debatable. You should definitely demo trade until you have mastered how to use the trading platform on desktop and mobile. After that it’s up to you. Many think that the psychology of trading live vs demo trading is massively different. So it may pay to learn to trade live. Just be warned that most FX traders lose almost their entire first account so start with a low affordable balance.
What’s money management?
Money management is a form of risk management and is arguably the most important aspect of your trading when it comes to long term survival. You should always enter trades with a stop loss - the distance of the stop allows you to calculate how large of a percent of your account balance will be lost if your trade stops out. You can run a monte carlo simulation to figure out the risk of having a number of trades go against you in a row to drain your account. The general rule is that you should only risk losing 1-4% of your account per trade entered.
More on this here: www.investopedia.com/articles/forex/06/fxmoneymgmt.asp[35]
www.swing-trade-stocks.com/money-management.html[36]
What about automated trading?
Retail FX traders have been known to program “Expert Advisors” (EAs) to automate trading. It’s generally advisable to stay away from that until you’re very experienced. Never buy an EA from a developer because the vast majority of them are scams.
What indicators are best?
That’s up to you to test and find out. Many in this forum dislike oscillating indicators since they fail to capture the essence of what moves price. With experience you will discover what works best for you. In my experience indicators that are most popular with professional traders are those that provide trading “levels” such as pivot points, fibonacci, moving averages, trendlines, etc.
What timeframe should I trade?
Price action can vary in different timeframes. In longer term timeframes the price action and fundamentals are much more clear. Unfortunately it would take a very long time to figure out whether or not what you’re doing is successful on longer timeframes. In shorter timeframes you can often tell very quickly if what you’re doing is profitable. Unfortunately there’s a lot more “noise” on these levels which can prove deceptive for those trying to learn. Therefore the best bet is to use a multi-timeframe analysis, working from top-down to come up with trades.
Should I trade using fundamental analysis (FA) of technical analysis (TA)?
This is a long standing argument in these forums and elsewhere. I’ll settle it here - you should have an understanding of both. Yes there are traders who blindly ignore one of the other but a truly well rounded trader should understand and implement both into the analysis. The market is driven in the longer term through FA. But TA is necessary to give traders a place to enter and exit trades from a psychological risk/reward standpoint.
I’ve heard trading Binary Options is an easy way to make money?
The general advice is to stay away from binaries. The structure of binary options is so that when you lose the broker wins. This incentive has created a very scammy industry where there are few legitimate binary options brokers. In addition in order to be profitable in binaries you have to win 55-65% of the time. That’s a much higher premium over spot FX.
Am I actually exchanging currencies?
Yes and no. Your broker handles spot FX is currency pairs. Although they make an exchange at the settlement date they treat your position in your account as a virtual currency pair. Think of it like a contract where you can only buy or sell it as a pair. In this sense you are always long one currency while short another. You are merely speculating that one currency will appreciate or depreciate vs another.
Why didn't my order fill?
Even if price appears to cross over a line on your chart it does not guarantee a fill. Different charting platforms chart different prices - some chart the bid price, some the ask price and some the midpoint price. To fill a limit order price needs to cross your limit's price plus the spread at the time that it is crossing. If it does not equal or exceed the spread then it will not fill. Be wary that in general spreads are not fixed. So what may fill at one time may not at another.
submitted by ClassicalAnt6 to TeamOceanSky [link] [comments]

Best forex Broker with lowest spread

Best forex Broker with lowest spread. https://www.exness.com/a/svv8uvf4
submitted by sajid786farz to u/sajid786farz [link] [comments]

Amazing tips for Make money easy with the best Forex broker, ECN, spreads close to zero

Amazing tips for Make money easy with the best Forex broker, ECN, spreads close to zero submitted by Johans_wilgat to Money [link] [comments]

FxPro is an award-winning online broker offering Contracts for Difference (CFDs) and Spread Betting on forex

FxPro is an award-winning online broker offering Contracts for Difference (CFDs) and Spread Betting on forex submitted by reviewfxbroker880 to u/reviewfxbroker880 [link] [comments]

Best Forex Brokers | Zero Spread 2019 - FX Posts.com

Best Forex Brokers | Zero Spread 2019 - FX Posts.com submitted by FXPosts to u/FXPosts [link] [comments]

Forex spread brokers

The gap between the buying price and the selling price of a currency is defined as the Spread. As trading with low spread, traders are benefited from the guaranteed double profit of trading volume everywhere.
#brokersguru #FanaraFilippo #best_forex_brokers
submitted by bestforexbrokersguru to u/bestforexbrokersguru [link] [comments]

Broker Pivot Trade. Trading with best forex indicator. Low spread EUR/USD 0.9-1.1. 50% Deposit bonus. Awards.

Broker Pivot Trade. Low spread EUUSD 0.9-1.1. 50% Deposit bonus. Pivot Trade Awards.
Website: https://www.pivottrade.com Awards: https://pivottrade.com/About/awards.html
Download indicator: https://en.mt4trading.ru/downloads/87.5_indicator.rar
Trading with best forex indicator.

+ Best forex indicator 2017, 2018. 87,5% accuracy. No repaint alerts + SMS signals for trading mt4. INFO - https://en.mt4trading.ru.
Download indicator: https://en.mt4trading.ru/downloads/87.5_indicator.rar

Pivot Trade has received many awards for outstanding achievements in the Forex Industry. Outstanding customer support, excellent platforms, fund security and dedicated services are the greatest values of Pivot Trade.

Hi I am Alexander. Today I am going to do a broker review that many people are curious about. So far, many of you guys have asked me to recommend a broker. I hope this video helps those people who have not yet chosen a broker. To explain you guys with the advantages and disadvantages of this broker, I have been trading in this broker for. I'll tell you what I have felt about trading here.

The name of the broker is called Pivot Trade. Perhaps you might not have heard of them if you have been trading Forex for a long time. This Broker was originally an asset management company and they used to ONLY worked with companies. But they opened to the individuals for the first time in 2016 by making a broker called Pivot Trade. Okay I’ve gone too much of talking, now, I will show you what I have done through last week.

Spread Low - The first thing I noticed while I traded in Pivot Trade is that the spread is low. I will explain why it is really important to choose a broker with low spread. Basically, the movement of 1pip per lot is worth $ 10. Depending on your order, you may earn or lose $ 10. However, on the Forex trading system, we always start with a loss as much as the price of the spread. In other words, if you place a buy order, you will start from the bottom graph price, and if you place a sell order, you will start from the top graph price. That’s why spread is one of the most important factors in choosing a broker.

I will do a calculation from a money point of view. At Pivot Trade, EUR / USD is about 0.9-1.1, so we will calculate it as roughly 1pip. If you are trading at 1.5pip on another broker, there is a spread difference of 0.5pip, is it correct? Then you will have to pay an additional $ 5 for each order you do. If you trade 500 lots a month, then you would lose $5x500 = $ 2500 each month. This is not some amount of money you would want to ignore. Please, everyone who is watching this video, choose a broker with a lower spread.

But you should also be noted that brokers have a lot of false ads. If you check some websites of a broker, it says spread starts from 0.1 pip/0.3pip or what so ever, which is actually not a real spread. This spread only reaches the point for less than a second a day. Many brokers now have a zero spread account, the actual spread is zero, but they receive additional commissions. For example, the spread is 0, but the commission is from $ 20.

Deposit Bonus Withdrawal - Second, I have been working with Forex for a long time, but Pivot trade seems to offer this service to our customers for the first time. Personally, I like this most. You may have heard of Deposit Bonus. However, at Pivot Trade it is very easy to withdraw.

Pivot Trade now offers a 50% deposit bonus up to $ 5000. The Deposit Bonus is added as credit, not as real money. This money is converted into a withdrawable balance of $ 3 for each 1 lot transaction. I have asked the customer service, and they said that bonus will be converted into balance once a week. For example, if you have traded 15 lots this week, $ 45 of the bonus can be withdrawn immediately.

They received the highest customer satisfaction award in year 2018. You can also see there are few more awards they have received.

In conclusion, I am very satisfied that they have low spread. Additionally, the deposit bonus which can be withdrawn even if you trade one lot, is very competitive and seems to be a very good promotion for traders to enjoy. Since this broker is also a registered at Financial Service Authority at St. Vincent, it seem that you don’t have to worry about the safety of the fund.

If you have any questions, please contact:
Web-site: https://en.mt4trading.ru
Skype: master.trade.win
Tel.: +7(928)2514977
Email: [[email protected]](mailto:[email protected])

Video address: https://www.youtube.com/watch?v=oQA3XWBy6Eo
This video was published on: December 29, 2018.
Channel: https://www.youtube.com/usecomemoneys

#Pivot Trade, #broker Pivot Trade, #Awards Pivot Trade, #pivottrade, #low spread, #deposit bonus, #bonus 50%, #chosen a broker, #low spread eurusd, #forex, #forex broker, #broker Asia, #stocks, #indices, #trading, #trade, #indicator forex, #best indicator, #best forex indicator 2018, #forex indicator without rapaint, #without redrawing,
submitted by Mt4Trading to u/Mt4Trading [link] [comments]

Top Forex Trading Broker With Lowest Spread And No Commission

Top Forex Trading Broker With Lowest Spread And No Commission submitted by toplistsonline to u/toplistsonline [link] [comments]

Forex Broker Hantec Markets launches Spread Betting on MetaTrader 4

submitted by AlgobitForex to forexhome [link] [comments]

Is my broker charging me too high a forex spread on GBP/USD?

I was selling off some small gains in my portfolio, nothing major but it was about a 5% gain since purchase, and noticed that I somehow ended up receiving less consideration than I put in.
Looking closer at the transactions I believe the forex spread is to blame. I purchased the asset at an exchange rate of 1.49, and then on selling the rate was 1.54, a difference of 0.05.
This seems very high to me, suggests that I need at least a 5% gain on any investment before I can even break even. Am I just very inexperienced and this is entirely normal for trading in different currencies, or is this as ridiculous a spread as it seems?
submitted by SuperSilver to investing [link] [comments]

Low spread forex broker

Which broker offer low spread? Any Idea?
submitted by JamesFrank69 to forex_trades [link] [comments]

Die besten online Forex Broker mit hohem Bonus und extrem niedrigen Spread im unabhängigen Test! https://www.Forexcheck24.de

Die besten online Forex Broker mit hohem Bonus und extrem niedrigen Spread im unabhängigen Test! https://www.Forexcheck24.de submitted by Dexxter779 to u/Dexxter779 [link] [comments]

Can someone recommend an algo-friendly broker that allows you to trade algos with <$1000? (EU or US)

submitted by Violet_Of_The_Night to algotrading [link] [comments]

Looking for reputable top forex brokers that do not trade against you? Those non cheating, fast brokers with low spreads? That's the word: "FXCM"

submitted by FX_Winner to Forex [link] [comments]

Dodgy broker practices?

So this has been bothering me for a few days.
Last week I saw a trade setup on tradingview I placed on my MT5 account with my broker. Now that trade hit the stop loss but as it was a tight stop, I lost very little money and I thought it was legit until I checked tradingview.
The wick on the bar that hit my stop loss didnt exist on trading view but it was huge on my chart on MT5. Is this some sort of broker game to scam people and take their money?
submitted by I_BA1LEY_I to Forex [link] [comments]

The Importance of Spreads When Choosing a Forex Broker | How Forex Trading Works

The Importance of Spreads When Choosing a Forex Broker | How Forex Trading Works submitted by HowForexTradingWorks to Forex [link] [comments]

Low Spread Forex Brokers

Low Spread Forex Brokers submitted by HowForexTradingWorks to Forex [link] [comments]

Got stopped out before my SL, any suggestion or tool to see the actual SL on the chart (with the broker‘s spread) Beginner question

Got stopped out before my SL, any suggestion or tool to see the actual SL on the chart (with the broker‘s spread) Beginner question submitted by richoutofstep to Forex [link] [comments]

FX Brokers - What Are The Benefits of Fixed Spreads? Forex Spread - YouTube Best Forex Brokers For Scalping (2020) - Low Spread ... List of #10 ZERO (no) Spread FOREX BROKERS // Lowest fees ... Best Forex Brokers Low Spreads 4 X Top Regulated Brokers Dealing with Bid/Ask Spreads in Forex Trading by Adam Khoo

Eine verifizierte Liste der besten Forex Broker mit Zero Pip Spreads ÜBERPRÜFT. ️ Zeigen Sie die Vor- und Nachteile, das Rating, die Mindesteinzahlung, den Anmeldebonus und die Hebel für jeden Forex-Broker an. Ein solcher Broker ermöglicht privaten Tradern also den Handel an den weltweiten Finanzmärkten. In vielen Fällen ist der Handel mit Forex & CFDs über einen Broker kommissionsfrei. Jedoch heißt kommissionsfrei nicht frei von Kosten, denn beim Trading sind in erster Linie die sogenannten Spreads die zu beachtenden Transaktionskosten. Compare and review in real time real forex broker spreads. Trading Forex without spreads offers an opportunity to know your entry and exit levels precisely. It also allows calculating the non-loss expenses of trading beforehand. Spreadless accounts can be critical for execution of some strategies that require the same Ask and Bid prices in the quote. Not many brokers offer accounts without spreads, but those who do can usually be compared by ... Die Spreads der einzelnen Forex Broker im direkten Vergleich. Auch bei den Spreads gibt es zwischen den einzelnen Brokern mitunter deutliche Unterschiede, die für Sie als Trader interessant sein sollten. Immerhin stellen die Spreads beim Forex Handel die anfallenden Gebühren dar, die Sie als Trader entrichten und einkalkulieren müssen. Beispielhaft werden die möglichen Spreads am ... Den besten Forex Broker finden - Vergleich der Devisen Handelsplattformen von über 20 Forexbroker mit Kriterien wie Währungspaare (Anzahl, Spreads...), Orderarten, Hebel, Demoaccounts... Feste Spreads werden von vielen Brokern angeboten und ermöglichen es Ihnen, mit mehr für den HandelVorhersagbarkeit darüber, wie viel Sie gehen in Spreads zu zahlen. In diesemVergleich haben wir einige der besten Online-Broker verglichen, die eng anbietenfeste Spreads für den Handel mit Devisen, Krypto, Aktien, Indizes und vieles mehr. Beim Forex Handel mit variablen Spreads fallen die günstigsten Spreads nur unter optimalen Bedingungen an. Nicht selten werden Händlern höhere Gebühren berechnet, nicht weil es das jeweilige Marktgeschehen so begründen würde, sondern weil die Orderausführung nicht schnell genug erfolgt oder es der Broker so will. #1: Low Spreads. If you are a forex trader that wants to use scalping as your primary trading strategy, then you will need to spot a broker that is ready to close hundreds of trade positions with ... ECN Broker Spreads. Interactive Brokers forex offering is the only true ECN broker with direct access to interbank quotes. This means: No markup; No hidden price spreading; Direct access to liquidity providing banks or other IBKR clients; While the online broker doesn’t publish their average spreads (for comparison to other brokers) you can see their real-time quotes on their website that ...

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FX Brokers - What Are The Benefits of Fixed Spreads?

How Forex Spreads Work Fixed & Variable Spreads Explained - Duration: 7 ... 7:21. Are Forex Brokers Hunting Your Stop Losses? - Forex Trading Strategy Q&A - Duration: 8:06. Forex Source 48,014 ... We did a study on more than 100 brokers and found the best forex brokers for scalping. We considered low spreads and commissions, fast execution speed, and r... http://www.onestepremoved.com/forex-spread/ A ten minute class that overviews the spread and the basic mechanics of the forex market.Learn why the spread exi... Top 10 zero (no) spread Forex Brokers for traders // Review Find the best no spread forex brokers: https://www.trusted-broker-reviews.com/forex-broker/fore... WHICH FOREX BROKER TO USE - How To Choose A Forex Broker & Avoid Scams (A RANT!!) - Duration: 15:20. Nemo Douglass - Market Maker TV 2,933 views Understand how to deal with Bid Ask spreads in trading forex. Learn how to factor in the bid ask spread when placing trades in forex trading These are essent...

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