As far as I know, in forex there are two types of spread brokers: fixed spread and variable spread. Fixed spread means the spread is fixed no matter what the market condition. However, the disadvantage of fixed spread brokers is often requoting. While variable spread is spread, the number depends on the market. Variable spread is used by the ECN broker; here no requote problem occurs; all orders will be forwarded to the market instantly. It is possible to get a zero spread on an ECN broker. FXOpen is an ECN broker offering a low spread of 0.0 pips and zero commission on index CFDs. If you use the TickTrader terminal, it is possible to get negative spreads on pairs like EURUSD, USDJPY, AUDUSD, and more.
What are the best Forex brokers to trade with low or no commissions, spreads and slippage?
- Thread starter Hexxler
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