- Joined
- May 11, 2021
- Messages
- 3,157
- Reaction score
- 188
- Points
- 150
- Awards
- 1
- Location
- India
- Website
- thefreedollars.com
- BMF Points
- $243
There are mainly two types of account in forex. The fixed spread accout and the floating one. Both have their own advantage and disadvantages.
The fixed spread account will charge yoh fixed spread for a specific pair. Like spread EUR/USD is fixed at 2pips or 1.5 pips. The fixed spreads are generally higher than the floating spread.
While in floating spread, the average spread is very low like 0.3 or 0.5 pip for the above pair. But in the time of volatility it may go upto 10 pips for q sudden time. Which is why most of the traders don't prefer this spread type. Which spread type account do you prefer? I also prefer fixed one.
The fixed spread account will charge yoh fixed spread for a specific pair. Like spread EUR/USD is fixed at 2pips or 1.5 pips. The fixed spreads are generally higher than the floating spread.
While in floating spread, the average spread is very low like 0.3 or 0.5 pip for the above pair. But in the time of volatility it may go upto 10 pips for q sudden time. Which is why most of the traders don't prefer this spread type. Which spread type account do you prefer? I also prefer fixed one.