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Originally Posted by davidjohny
Hey man you may be new with Interbank FX.
They used to increase their spread from -2 to -12 pips at news release time.
I saw this many times. Only looking to hit our stop loss limit 
Anyway I also used FXCM the spread is FIX -3 but I am now looking for a more tight spreads. Also FXCM is not a good broker. They also run the dealing desk they are Market Marker + Broker ;-)
I read it many times in different forums that FXCM lose when client win.
Means they open lots against their clients positions.
Because they know the clients positions due to their deailing desk. 
Anyway I am looking for a -2 pip spread in EUR/USD.
I found Oanda they offer -1.5 pip spread in EUR/USD but the leverage is only 50:1 while mostly brokers offer 200:1 leverage.
anyway thanks for helping.
Best Wishes,
DAVE |
Dave, Oanda are a good company ....but they also increase thier spreds if you take time to read their web page , they tell you up front , they use variable pip spreads according to market conditions. it can go right out to 17 pips.... but they have a lot of happy traders
nuerex , explain how they take the opposite position to the trader to proctect themselves....so I guess most do
So if you or anyone finds the perfect broker let us all know