I am looking at a bid ask spread of 4 pips on usdcad these days. I am seeing it this worse in the last few weeks. whats going on suddenly that the spread is so POOR.
If its with IB is it 4 pips or 4 half pips? I kinda like getting half pip spreads (vs 1 or 2 pips on futures) for the euro usd earlier today. Check it against the futures. I looked at Oanda on Sunday open (an hour or so in) and the IB spreads rocked by comparison.
On Sundays open, Oanda keeps spreads at 10 pips on pairs until 8pm then allows them to "float". Their spreads don't tighten until Eurpe/USA time, even on the Asian pairs, which I thought as quite wierd. You'd think the Asian pairs would tighten up during the Asian sessions.
can someone verify with usdcad with mbtrading. they claim thier spread is 1/10 pip. if they are really that low. i am jumping ship from IB. http://www.mbtrading.com/fx/spreads.asp I see today no different from rest of the days. eurusd 1 pip spread. usdchf 2 pip spread. usdcad for past 4 weeks 4 pip spread.
They claim the spread can be "AS LOW AS " 1 pip, but I have never seen it, even in the fastest of markets. Can you also believe that you can find spreads as low as 1/10 pip on the GBP/JPY as well? Also, if you go with MBT, your commission costs jump 150% than what you pay at IB ($2 vs 5), so take that into your calculations as well.