You are right the spread is nothing but it's the idea that you are forced to pay it which is the problem. It's nothing but it just seems inherently wrong, like a rigged game.
LOL ! right you are. i think a reuters dealing machine costs more than that for access to the interbank market. :eek:
I mistakenly thought I read it on their website but I realized they are no different then any other house out there.
I don't understand why everyone is so hung up on paying spreads when dealing in FX. I never hear anyone complain about spreads or in the equity markets. Why is this so?
We used to complain PLENTY about equity spreads, market makers, payment for order flow etc etc.. But now we have decimals and direct access
Please don't fool with traders here, be honest and avoid making rubbish statments and worthless talks, because it is self-destruction only. FXCM charges 4-5 pips average on pairs with mini accounts and 3-4 pips on regular accounts, thats $30-$40. With CME Eurofx it's: $5 RT commision and 1 tick spread ($12.5) most times. But that spread is compensated by more trendy % wise in spot forex market.
it's not the spread itself, it's what the spread represents with these "forex" companies. the poster is correct, the game is rigged...