Pipcip:
This should lead to a new discussion about brokers and how we can test. This would be a good project for pipcop community to tabulate tick by tick the amount of spread for any particular pair, since I don't think anyone should believe their low pip claims nor the anecdotal evidence of "great experience" or "I never had any problems with them" and catch those brokers who have a scummy business practice. I propose we test a few that we can open "live" accounts with ( using existing or 2nd accounts) and just collect and publish tick data over a month's time ( which should even out alot of the spikes, etc) like the performance statements for the robots. We can then compare that with the "published"/claimed spreads and rate them subjectively. For example : IBFX: 25+pips: 75% of 10000 ticks/month, etc.
Masterpipper |