While reading about forex brokers in forums, on websites and in reviews could be of some value blood flow, and be totally inaccurate. Brokers may post their own reviews the I find more often is that traders bash brokers mainly because they lost money at trade. Since about 90% of that Customer Support Chat try trading lose money, it will not be a wonder so many traders blame their advisor. It is much easier find fault someone else than accept personal responsibility.
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Competitive Spreads: In currency trading there is usually no commission, instead traders pay a range (difference between bid and inquire price) when making a promote. Some brokers offer fixed spreads, while others offer a flexible spread. For instance one broker may provide you with fixed 3 pip spread on the EURUSD on a regular basis. Another broker may offer an adjustable spread which fluctuates between approximately a whole.8 pips during high volume times and 3 or more.5 pips during low volume amount of times. The spread that is paid can get this amazing Customer Support Chat impact on profits, particularly if day trading or doing lots of trades. Generally the lower the spread the better.
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