Tuesday, August 6, 2013

Different brokers different exchange rates

I'm currently using one broker for my trade execution and one for charting - simply because the first has low interbank spreads but bad charting and the other good charts but extremely expensive commisions :)



Often I find that the exchange rate on a pair varies with somewere around 5 pips between the two brokers. As I can only view mid price for the high commision broker I cant' really check if this is just due to extremely high spreads. Could there be any other explanation for this than the spreads?



by supertramp via InformedTrades

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