Finding Forex Brokers With A 1.5 Pip Spread

Where can you get a broker with a 1.5 pip spread? Lot and lots of places. The key is to find an honest broker with that kind of spread. You see, there is something called pip shading, and some brokers do it to pretend to have a really small spread like 1.5.

In actuality, the spread is 3 or more, but the only show you half of it (and they always give you the worse half). So they're cheating you, but you can't see it. The simplest key then is to find a broker whose spread isn't fixed. If the spread fluctuates, what I mean by that is that sometimes the spread is 1.5 and other times is 4 pips, that's an honest broker.
I know, that sounds crazy, but it's not. Market conditions change. Risk increases for the broker at certain times, so either he shades the pips and cheats you, or he increases the spread so you can honestly see exactly what's happening to the spread.


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So, you need to find a broker that moves the spread dynamically with market conditions. How do you find a broker like that?

Most brokers that do that are ECN brokers. They are quite different from brokers that offer Metatrader or any kind of charting. They give you actual access to the forex market. Yes, with them, you are actually trading with the big banks yourself. With a traditional forex broker you are never interfacing with the actual market. The broker trades with you, and then he trades with the interbank market.