Download MetaTrader 5

Is broker with 0.1 pips spread real?

To add comments, please log in or register
Order the development and track its status via your mobile phone.
nicolasxu
296
nicolasxu 2014.10.07 16:48 

I am still a newbie. 

In the screenshot, the spread of ATC Brokers is only 0.1 bips. Is this real? what this pro and con for this low spread broker? 

 

Thanks! 

 

Alain Verleyen
Moderator
30702
Alain Verleyen 2014.10.07 16:51  
nicolasxu:

I am still a newbie. 

In the screenshot, the spread of ATC Brokers is only 0.1 bips. Is this real? what this pro and con for this low spread broker? 

 

Thanks! 

 

I don't know about this particular broker, but it's possible with ECN accounts, which mean you have to pay a commission. Also this is the minimum value, probably for EURUSD only.
nicolasxu
296
nicolasxu 2014.10.07 17:09  
angevoyageur:
I don't know about this particular broker, but it's possible with ECN accounts, which mean you have to pay a commission. Also this is the minimum value, probably for EURUSD only.

follow up question:

1) What's special about ECN accounts? 

2) does bip equal to point in EURUSD? with 0.1 bips, if the bid is 1.26470, then what should the ask price look like? (running out of digits...)  

Alain Verleyen
Moderator
30702
Alain Verleyen 2014.10.07 18:09  
nicolasxu:

follow up question:

1) What's special about ECN accounts?

They are supposed to trade directly with Market, so you can get lower spread, but you get a commission.

2) does bip equal to point in EURUSD? with 0.1 bips, if the bid is 1.26470, then what should the ask price look like? (running out of digits...)  

bip ? Do you mean pip ?

On EURUSD a pip is 0.0001, so 0.1 pip is 0.00001. Ask price will be 1.26471.

nicolasxu
296
nicolasxu 2014.10.07 18:17  
angevoyageur:
They are supposed to trade directly with Market, so you can get lower spread, but you get a commission.

bip ? Do you mean pip ?

On EURUSD a pip is 0.0001, so 0.1 pip is 0.00001. Ask price will be 1.26471.

My mistake, I thought 1 pip = 1 point, but it should be 1 pip = 10 points. 
To add comments, please log in or register