Zero spread
Author
Discussion

1hardwork

Original Poster:

95 posts

164 months

Friday 15th May 2020
quotequote all
Hi,

I've been trading the GBP/USD pair for over a decade now using a CMC account. It's all going well but really need to find a platform that offers zero spreads. If anyone can point me in the right direction i'd be very gratfull.

dingg

4,537 posts

248 months

Friday 15th May 2020
quotequote all
How will the platform provider make money if they offer you zero spread.?

They have to be stiffing you on the price or making money on the spread, no such thing as a free lunch

1hardwork

Original Poster:

95 posts

164 months

Friday 15th May 2020
quotequote all
I've seen a guy trade a futures account and there was no spread. There was a cost for each contract which would be far more suitble for my stratergy. CMC has a spread of around 1pip on GBP/USD but somtimes that spread leaps to 1.6 or even above 2.

anonymous-user

83 months

Friday 15th May 2020
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anonymous-user

83 months

Friday 15th May 2020
quotequote all
Zero spread and then get hammered with poor executions and slippage.

dingg said:
How will the platform provider make money if they offer you zero spread.?
Probably client losses.

DA may see this and reply as be knows this area inside out.

Mr-B

5,005 posts

223 months

Friday 15th May 2020
quotequote all
Not a recommendation but Interactive Brokers have 0.1 spread + commission, might be worth a look. As others have said zero spread usually means they get it back elsewhere.