Reliable, But Lousy Spreads

by David S.
(Canada)

Hi Everyone.

I just finished closing my live trading account with Interbank FX (IBFX).

In order for many of the automated trading systems (EAs) to be profitable, it is necessary for the broker's price spreads to be reasonable. One such EA that I use has been unable to trade because of the HUGE spreads occurring recently with IBFX.

I expressed my concern to them, but they told me that there was nothing they could do about it. Compared to other brokers I trade with, IBFX spreads were regularly more than 3 times wider than the others.

If you know of a broker with good spread pricing, I would sure like to know about them!