But ?? What's the reason to choose ECN brokers??
But ?? What's the reason to choose ECN brokers??
I second the motion. As per Tommy Proun indied, you better trade in an ECN than finding a broker with fixed small spread.
Actually, in their Pro account the average spread for eur/usd is just about 0.5 pips, can go as much as 0.1 pips! It needs a minimal depo of 1000 usd/eur.
If you want to spend less than $10000, there's FxClearing with fixed spread = 1 pip for EURUSD only, others currency are low enough. I'm linking this broker because 2009 and no issue with withdrawal.
However, those do not offer real tradable spread as they oppose restrict / requotes. So you wind up paying far more than spread that is advertised.
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Dont even consider connecting any brokerage with such a little spread since they cannot be ecn. You should defenetally start looking for an ECN broker not a 1 pip market manufacturer.