Quote:
Originally Posted by mrtools
Having the same exact problems as you noticed last night spread was 24 on eur/usd contacted them they're reply was it is a fractional spread instead of fixed spread asked them how about me having any say in this since it is my account, and my say is going back to fixed spread their reply was will stay as fractional spread until further notice. Now only if I knew what fractional spread was.
tools
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This is their explanation
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At FOREX.com you'll now have access to some of the tightest spreads in the business. Fractional pricing allows you to trade on dealing spreads - as low as 1-2 pips - on the most widely traded currency pairs.
Plus, you can enter orders at any price - even inside the spread - and trade around news events, major economic announcements and other times of high market volatility.
Fractional pricing is always market driven. Using our proprietary rate engine, we aggregate prices from some of the world's leading FX banks, in real-time. Because quotes are derived directly from bank prices, dealing spreads will fluctuate to reflect available Forex market liquidity.
With an average of $100 billion in monthly volume and strong liquidity relationships with some of the world's largest FX banks, we are able to pass along the benefits of our size and volume to you in the form of tighter spreads and quality fills. Because quotes are derived directly from bank prices, dealing spreads will fluctuate to reflect available market liquidity
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In practise that means they can screw us whenever they want I guess