So…I happen to have some amount to invest and planning to create a small forex brokerage, charging just 0.1 pips on eur/usd and other majors and 1 pip on all others. Would it be a good idea? Or people will stick to known names, like fxcm, forex.com, etc? 10x!
The big names are big because they have deep pockets for advertising. Do you have that kind of coin to make sure I see your shop’s name all over the internet?
Isn’t that a bit risky for you?
how would you fill your clients offers with those spreads?