EURGPB - Is it just my broker or are spreads large right now?

Broker Discussion Forex Brokers
1

First post! This looks like a good forum, glad I found this place.
Im using MT4 and an EA robot with just one pair active EUR/GBP
Ive had the software going since monday and one trade has gone through, but at least 4-5 have been missed because the spread was over 5 pips. Im using a demo account with FXCM which advertises on their website that spreads are “typically” no more than 3 pips.

Im wondering however, is it just me and the EUR/GBP or is anyone else noticing spreads are still pretty wide right now in general? Arent we through the holiday season yet?

2

hey
i am with WSD global markets, and I too use the MT4 platform with the EA enabled. i am not having any probs with the trades going thru. the spread range for EURGBP which WSD offers me is 1-2 pips, on a five digit quote.

cheers
jpk

3

Hi,

My FXCM (UK) accounts (live and demo) are showing normal spreads.

Currently (Thursday morning, just before the European open), the spread for the EUR/GBP on my demo account is 3.2 pips,
and it’s been holding there (plus or minus a fraction of a pip) throughout the Asian session.

Here’s a screen shot of 11 pairs currently on my platform:

845×398

Is it possible that your EA was trying to enter trades around the time of news releases? Spreads typically widen at those times.

Clint