Just about to open a live account thinking of using alpari as I am in the uk. I see that if I open an account with 10000 dollars that I can trade with a 0(zero) spread on eur/us. My normal trade will be for approx 200 dollars. Should I go for this account or open a smaller account with a spread on Eur/us of 1.4 am I missing something with the zero spread is there a catch. Thanks for your help
Hi The Illuminati,
Welcome to Babypips and thank you for choosing to become an Alpari UK client.
As our forex spreads are set by price competition from multiple liquidity providers, they can vary based on market volatility and liquidity. As that changes, so too can the spread. If you would like to gain access to tighter spreads, I would recommend looking into the either our MT5 ECN account or our MT4 Pro account which offer lower transaction costs through a reduced spread/commission combination.
The transaction cost is dependent on the amount of volume you transact on a monthly basis, so transaction cost decrease as your volumes increase. Commission is based on volume traded per calendar month and commissions are nominal per currency pair traded.
If you would like further details, please feel free to contact our team on live-chat, via email or on +44 (0) 207 426 2900. We’re here to help.
Alex
Alexander Chadwick
Alpari (UK) Representative
0 pips spread isn’t always 0 pips! There is commission involved and normally there is a larger spread.