I'm trying to determine if my broker <Deleted> has higher than normal bid/ask spreads. And if so, is there another broker I can use (as a citizen of the USA) that might have lower spreads?
My broker currently has a spread of 0.6pip for EUR/USD. Is this higher than average? I read an article that I found from Google (not sure how reliable the source is) that the average spread is more like 0.1 or 0.2.
What is your experience? I am having trouble running people's Expert Advisers because they tell me my brokers spread is higher than normal.
I agree, a normal spread for EURUSD with no commission charged is around 10-20 points, anything lower than 1 pip suggests the additional use of a commission.
My broker currently has a spread of 0.6pip for EUR/USD. Is this higher than average? I read an article that I found from Google (not sure how reliable the source is) that the average spread is more like 0.1 or 0.2.
What is your experience? I am having trouble running people's Expert Advisers because they tell me my brokers spread is higher than normal.