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Abstract:In forex trading, the spread is the biggest cost of trading. The spread is the difference between the bid and ask price, and the lower the spread the better for the trader.
In forex trading, the spread is the biggest cost of trading. The spread is the difference between the bid and ask price, and the lower the spread the better for the trader.
And different brokers will have different spreads on the same product, especially some unregulated platforms. Here we compare the cryptocurrency spreads between [Etoro] and [ICMarket]
You can see that the spread on the same product at [Etoro] is [10 times] higher than at [ICMarket]!
[10 times]! Buying a single lot of bitcoin at Etoro will result in a direct loss of $50, so be careful!
Broker search: https://www.wikifx.com/en/dealer/9641842942.html?source=emily
Broker search: https://www.wikifx.com/en/dealer/0001283907.html?source=emily
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Are you facing withdrawal issues with JAFX? Are its executives asking you to pay a fee to get withdrawals? Accepted withdrawals failing to hit your wallet? You are virtually scammed by the company. Explore this story containing a wide range of issues investors face at JAFX.
xChief offers over 150 trading instruments, MT4/MT5 platforms, flexible account types, high leverage, fast withdrawals, and transparent offshore regulation.
Thanks to the tight regulatory framework adopted by forex regulators across the globe, investors are thriving all over. The monetary growth is also attributable to fair trade practices followed by brokers, courtesy of the regulations imposed by the market regulators. Forex by country, whether it’s the developed economy or an emerging one, is flourishing with increased trade, renewed customer confidence, and a massive profit potential that the market holds.
Trading in the foreign exchange market is often viewed as a game of precision, strategy and speed. But what many traders overlook is one of the most decisive factors affecting performance: cost. Not just the fees you can see, but the less visible costs hidden in the structure of every trade.