First I'd like to say Merry Christmas to all!
I need some advice from you. I have been trading through Oanda for the past 5 years but need a broker now that has a lower spread.
I have developed an EA that works amazing when strategy tester is set to 2 spread, but makes a loss on Oanda's current spread (14).
What brokers would you recommend I try out? I need them to be lower than (or at least equal to) 2 spread on average with no added commission fees, and also willing to take a minimum deposit of $100-$200.
Which brokers are you guys using? Are you happy with the their withdraw speed, spreads, service etc?
Thanks in advance!
IC markets charges commission fees. I am not sure that you will find a retail broker that will only have a spread of 2 with no commission, which means that they would make very little money with each transaction. Either you get a broker with a 10 pip spread and no commission or 0-3 pip with commission. They have to make money somehow.
And in my humble opinion, if you have a strategy that only works with spread of 2, then you have nothing... since that will never work in the real world with a live account