Quote:
Originally Posted by fxhst329
no, the spreads on the interbank market have not changed because of the scalpers. they've increased because of credit crunch and in retail brokerages... there are many reasons and this system is one of them. I was on the phone with the guy from FXPRO and I've asked about scalping. He told me that if people keep doing it, they'll just increase the spreads. They're simply loosing because of systems like these under current market conditions. So retails have to increase the spreads, institutional brokers... they don't really care about the system... they have different problems now...
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Well what I don't understand is you ask them before opening an account if scalping is allowed, they will say yes. Then you do it and make money, which is the purpose of trading anyway, then they increase the spreads.
This is like saying yeah we allow you to swing trade, but if people keep doing it we'll raise the commissions.
We need to move to an ECN. The only way around it. That's what I'm gonna do, I'd rather pay a commission with tight spreads, than no commission and a "fixed" spread. Fixed my arse..