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Where in Forex low spread - tested Forex brokers
Most brokerage companies on the Forex say that they have incredibly low spread. If we are talking about accounts with fixed spread, the question is no longer relevant because the client has access to the company website to the table of all values. If a trading account with floating spread, it would be nice to know the truth, what the situation really is, whether strongly it differs from the promises of the broker.
Today, we'll be testing, in which script SpreadSessionIndicator will measure the actual spread of several brokerage firms. Measurements are performed on the same day and the same tools. The screenshots with the results You can find below, but now a list of companies participating:
• alpari.ru - Alpari (review)
• roboforex.ru - Roboforex (review)
• forex4you.org - Forex4you (review)
• aforex.ru/ - . (review)
Look for low spread we will be at these tools:
• EUR/USD
• GBP/USD
• EUR/CAD
• EURCHF
• XAU/USD
EUR/USD and GBP/USD are very popular among many traders who prefer different types of trading, from scalping to long-term trading. EUR/CAD and EURCHF is most often used by scalpers when trading in the Asian session, so in this case, special attention will be to the values of the spread at night (hereinafter the Moscow time) time of the day. XAU/USD is one of the most volatile instruments in the Forex (trading in gold).
Test conditions:
• Date: December 1, 2014
• Time: from 9: 45 to 22-30 (MSK)
• TF: M5
• Measuring spread: SpreadSessionIndicator
Types of trading accounts:
• Alpari - Nano
• AForex - Direct
• Roboforex - Pro-cent
• Forex4you - СCent NDD
I should mention a few characteristics that need to be taken into account when examining the measurement results. On account of the company on the EUR/USD tested one of the advisors, so do not pay attention to open positions, which can be seen on the chart.
The second point concerns the XAU/USD Forex4you. Unfortunately, it is not necessary to take into account the measurement data of the spread, as they quite possibly is not correct. We failed to open positions on the XAU/USD may be it is due to the type of accounts - Cent NDD. Therefore, we cannot call the results of the measurement in this case contrtol reliable.
Looking for low spread Forex
As a rule, the trader operates in the market from with a large number of trading instruments. Some speculators may prefer EUR/USD, others only do scalping on EUR/CAD and EUR/CHF, but because each trader is interested in a very limited number of values spread. This encourage You, dear readers, to pay special attention to the spreads and their changes those tools that You demand.
All conclusions are based on the real measurement of spread and can only be applied to those types of trading accounts that were used in testing (listed above). Probably, if you conduct the same tests, for example, ECN accounts, the situation can change dramatically.
Download the archive of measurement results (4 companies, 5 instruments = 20 full-size screenshots).
EUR/USD
The low actual spread on the Forex pair EUR/USD in the company Forex4you. Most of the time the spread had a value of 1.2-1.3 points. The highest values in Currency, where the EUR/USD showed a 1.8-2 point.
At Alpari most of the time of 1.4-1.6 PP., in Roboforex the average value of 1.6 PP. As you can see, the difference is not very large companies, so the fundamental difference is not detected on the asset.
GBP/USD
Based on the measurement of the spread of the currency pair GBP/USD, we can say that the smallest values in Roboforex. Here You may rely on a spread of 1.9 and 2.1 PP. Close to Forex4you and Alpari where the tool will require approximately 2.2 points. When trading in AForex need to be prepared for a spread of 2.5-2.6 points.
Notice that in periods of high volatility and in times of important news release (as a private case), spreads all companies are expanding. However, the most significant of extension, distinguished Analyst and Forex4you to about 10-10,5 points, Roboforex increase exceeded 8 points, and Alpari only 5.5 emergency.
EUR/CAD
One of the favorite currency pairs traders who wish to trade on calm market the Asian sessions. By a wide margin this time winning Roboforex, with the spread on the EUR/CAD is kept at around 2,9-3,1 PP. Second place goes Forex4you, in which it is possible to observe values such as 4-4,2 PP.
In AForex spread varies in the range of 5,1-5,4, Alpari shows 6-7 points, and a major expansion starts in the Asian session, holding at around 12 points.
EUR/CHF
Another popular currency pair among fans of short term trading. Again the winner was Roboforex, which allows you to trade on the EUR/CHF with a spread of about 2.1-2.2. Forex4you demonstrates 3 PP., And AForex Alpari - 2,8-3 PP., moreover, Alpari this time also extends the spread for the night, but only to 3.2 PP.
As for the other instruments, all brokerage companies are expanding the size of the Commission during the period of release of important news, that is clearly seen in all graphs.
XAU/USD
The gold trade is becoming more urgent due to the lower volatility of major currency pairs. Let's see what is the situation with the commissions of the companies in the gold trade.
The lowest value of the Commission Forex4you 15-20 points (here a different order of volatility and commissions, what currency pairs), but you have to consider the fact that we have chosen the type of trading account Cent NDD was not possible to enter into trades on XAU/USD. In this regard, we have to take into account the analysis of the company.
In AForex Alpari spreads and at the level of 40-45 PP and Roboforex at this time the distinguished offering to trade XAUUSD with spread = 90 PP.!
This is the real situation with low spreads, which often like to speak of the various brokerage companies. On major currency pairs the amount of Commission is really not great, especially if you remember similar performance 3-5 years ago. You can monitor the spreads in their trading, which is enough free download indicator SpreadSessionIndicator (link in the beginning).
I recall that in the beginning of the article is an archive with all the dimensions where You can study the dynamics of changes of the Commission in that particular company. To sum up, I will not, as a lot depends on the specific needs of a trader and the illustrations in the archive of the whole thing.
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| Category: Forex | Added by: (06.11.2017)
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| Views: 412
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