currency spreads

Discussion in 'Forex' started by tcarney47@comca, Aug 31, 2003.

  1. I am new to this forum. I have not started trading currencies yet. I am presently using a demo.I notice that some platforms advertise that their spreads are 2-3 pips, others have spreads of 4-6 pips, and others say that you can step inside the displayed spread. Why do I see these variations, and could anyone suggest what they think the fairest and best platform to trade on is. Thanks.
  2. No matter what. Have more than one dealer. They're nothing but bucket shops!
  3. Hi TC, if you haven't already done so, have a look at

    I don't have answers to all the points you raised, but fxcm has true market orders, meaning their system doesn't 'requote'.
    Their spreads on mini lots are 5 pips on the majors, and on standard lots 3 points.

    I suggest that you use their 'chat' service and ask the same questions of them that you posted here. Wallace.
  4. Thank you for the input gentlemen.