Is your Broker over charging you?
Variable spreads are how some brokers make extra money from you! It’s a “hidden” cost and most traders don’t even realise they are getting ripped off.
Many brokers advertise tight spreads “From 1 point” – but do you ever get that spread when you want to trade?
When a broker widens their spreads without notice (especially in peak times when you want to trade), you are paying a lot more for your trading – and you may not even realise it!
Why you should only trade with Fixed Spreads
Fixed spreads mean that the price you pay for trading doesn’t change. You don’t start paying wider spreads just because the market gets volatile.
And you can manage your trades properly. How can you place your stop losses and profit targets if you don’t know what the spread is going to be when you order is triggered?
The lower the spread, the more money you get to keep. Sounds good, right?