Trading with FXCM for some while, and suddenly received an email today saying the pricing setting is adjusted to Type 2 markup. And i immediately noticed that the spread in my quotation was almost doubled. So why could this happen? Am I trading too frequently making FXCM losing profit ?
Several CFD providers and brokers are doing this. They expect a lot of volatility in the market next week due to the U.S. elections so they’re widening spreads and/or increasing margin requirements.
I did not see this happen on my platform Tenkofx. Spreads remain the same. These are terrible times anyways.