Dennerle, I've been trading MD live on FXDD for about a year now with no problems. They mainatain a fairly constant spread at 2 pips.
I also have a demo account with ATC, their spreads varry a lot, but the most I've seen on the EURUSD durring MD's trading hours is 0.8 pips, it tends to be lower durring active hours and I've never seen it go higher.
I also have an account at FXCM. Their spread for the EURUSD is too high at about 2.6 pips, but I like their spreads on some of the cross pairs better than FXDD.
Just from this its easy to surmise that ATC with the lower spread is better, but once you add on the commisions I'm not so sure. ATC charges a 0.8 pip commision on top of the spread, and this comes out of the profits. So if MD makes 10 pips on FXDD, it only makes 9.2 pips on ATC, and if the majority of the trades are breakeven, on ATC they're breakeven -0.8 pip commisions. This is a big difference when your dealing with such a small fixed profit target, and seems to negate the benefits of this type of broker. ATC would need to make additional trades to compensate for the additional commision, and I've only seen it do that once. |