Interbank FX advertises 2 pips in the EUR/USD. However, they fail to mention that the spread can widen at any time. I've seen it go as wide as 6 pips after a report, and it takes awhile for it to get back to 2 pips. I watch other FX brokers prices at the same time, and they usually stay with their regular spread (3 pips) while Interbank widens their spread to 4 or more. And it doesn't always take a report to make it widen. When I asked Interbank what was going on, they said "The banks can widen out the spread whenever they deem it necessary...". Really? Also they only offer a 4 pip spread for the GBP/USD, which is annoying. Many others have gone to 3 pips for that pair. Once there was a downmove of six pips in the EUR/USD that showed on other FX price sources. But Interbanks' price was stalled - and I was in a short position. I called them, and at first they tried to give a b.s. explanation, but then they checked it out and said, "you should see the price update in a few minutes". A couple of minutes later their price dropped to get back in line with the rest of the world. I should have sold more before the correction, but I didn't know how long it would for them to get their act together.