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[guruweb]

Crownforex is provinding the 1pip spread on all major currency pairs.They are using the metatrader plateform.It is a swiss forex firm.I m using their demo account now.They are also providing the hedging facility in the same currency pair.

It is looking good.But Do u believe it is a legit company.Or anyone of u having any experiance with them.Also is it worth opening a live account with them?

[Brassy]

Sure it’s possible but ill bet the house they are skimming from you elsewhere or going out of business with your money quick

I see more and more of these FX brokers lowering their advertised spread to attract sucker clients, it’s all marketing rubbish!! You get what you pay for go with one of these “1=2 pip brokers” and you’ll get just that cheep services and who wants’ to trust a cheep broker with their funds, not me..

[RavenMM]

Have a look at this posted a couple of years ago. While the spreads are getting tighter due to competition, the general principles are the same.

http://www.moneytec.com/forums/attac...f?d=1099687652

[Soul-Trader2004]

i often have zero pip spreads - but then i pay a broker commission and get true interbank rates

[FXInvestor]

my wild guess about spreads is that banks charge 1 pip and same charged by the broker too, thus we traders get a spread of 2 pips

[guruweb]

Originally Posted by Soul-Trader2004

i often have zero pip spreads - but then i pay a broker commission and get true interbank rates

Would u like to mention the name of the broker tht to which u pay commission & get true interbank spreads,or ofenly zero pip spread.

[cliffedwards]

I was curious about this too.
And yep.. its 1 pip and no swaps for arabian and islamic customers. But lots of brokers offer this if you qualify and have a big account. Whats the catch? well maybe the clue is that spread is one thing. Requotes are another. Understand that may be a problem.
I'm told company has Jordanian background. If you or anyone here can read arabic check out arabictrader.com where I'm told there has been some discussion about their operations in Saudi and other ME states. I'm given to understand it's not all good. BUT.. I didn't get to check it out myself.. Im just passing on a lead.

CE

[fxtrader777]

If you have acc with gaincapital and maintain at least 50 mln turnover a month you will get 1 pip spread for majors

their service is called gainpro

[PipJockey]

I would MUCH rather seek to improve my trading efficiency.... eg. safer, smaller stops and greater risk/reward results than bother about whether the broker has 1 pip, 2 pips or even 5 pip spreads.....

If I can increase my trading proficiency, the spread really doesn't matter at all ....... does it?

[permanentjaun]

Pipjockey -

It can. It's all psychological. If your TP is 30, why not 27? It's easier to reach. Your entry position is crucial to your success sometimes. If you wait for that one last pip it may turn dramatically against you.

Also, some strategies work well with small spreads. For example, I'm currently only looking for 5 pip TP on my trades to increase the success of the system. If I only have to look for 6 to 7 total pip movement instead of 9 or 10 with 4 and 5 pip spreads it can greatly increase the success of my system. Matt

[zula]

FXCM takes 3 pips for these pairs eur/usd, usd/jpy and gbp/usd, everything else is more

[zula]

i couldn't edit my post before this one, just wanted to change usd/jpy = 4 and gbp/usd = 5

[seaweed]

Sure 1 pip is possible. It is called futures on CME. I pay around $8 per $100,000 contract, there is no interest payment and a prudent choice of contract date can keep you in the trend for many months very cheaply. See your futures broker for more details...

[yigal]

Originally Posted by guruweb

Would u like to mention the name of the broker tht to which u pay commission & get true interbank spreads,or ofenly zero pip spread.

www.capitalforexpro.com , currenex platform 0-1 spread on EURUSD, USDJPY and many others. 35k minimum to open an acc. and only 3% leverage. Comm. are 25$per 1m.$. traded.

[DivisaFX]

Sure it is possible but expect to pay a commission as well. If the trades are done on an STP system like Currenex there are transaction costs for the access.