I�m trying to get some help here! Recently I realized what the whole spreads concept was about (I was completely lost). Now that I know that spreads may vary from broker to broker, from time to time, from currency to currency and come other factors I want to know which broker is best for me as scalper.
If you�re scalper you probably trade with 1M, 5M and 15M charts that means spreads for you are quite important. The only way I suggest you is �fractional pip pricing��in simple terms is one more decimal in the pair price
i.e. 1.30030 instead of 1.3003 for EURUSD
Now each time you order with the metatrader you�ll have little savings
I have an account at FXCM and they go out an extra decimal place as well.
The idea of pip pricing is quite good, it has worked quite well for me, you see right now I’m working as a scalper and lucky for me my broker offers this option on the spread. A little saving, not that much but something is something.
I got FXCM platform a while ago, because I was interested on applying the ASH FX and there was a lot of talk about FXCM being the only platform where you could use it. I have some troubles with execution, and that affected my trades so that’s when I went and try some other platform and I stuck with Ikon Platinum on Tradeview Forex.