Forex all you need to know (CONDITIONS)

CONDITIONS

A good Forex broker is not the one that provides the lowest spread. Normally people offering 0.5 as many brokers claiming they are ECN and so on use this marketing tactics to get you in and once you are in your will never see the price of 0.5. Let’s think about it. the best banks, RBS, MORGAN STANLEY, BARCLAYS, DEUTSCHE BANK and so on will provide brokers in the best case scenario during LND trading time between 0.5 to 1. As a broker offering 0.5 to you how and when he will get the price to cover you. Also think if you came via an introducing broker, the introducing broker will get his commission and then the 0.5 the broker is offering you is actually a 0 pip since the IB is taking his commissions. This is to say that the lower the spread is the higher is the chance for your broker to trade against you.

My Forex broker is Tadawul Fx.
Spreads fixed from 1 to 3 pips. (three accounts types, mini at 3 pips, standard at 2 pips and premium at 1 pip) this is exactly reflecting the market rates and not trying to go under to attract customers.
My Future broker is GNI Touch.
Futures trading with GNI is just amazing. Spread is variable (this is futures) and most of the time between 1 to 2. during volatile market hours it will widen, normal practice.

Conclusion: You have to know the behind of the scene in order to know which broker to choose.
Small spreads does not mean more money but more problems during volatile markets. try to also find fixed spreads this will help you a lot.