Unfortunately, it is impossible to imagine trading on the Forex market without brokerage fees. At the same time, there are fixed and floating spreads. The fee of the last type provides an opportunity to know the amount of money that will be required to pay for an open position in advance. In addition, in this case, you are protected from drastic changes in the market where the spread may increase significantly and are confident in the transparency of the intermediary. On TopBrokers.com you can see the fixed Spread Forex Brokers list.
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Predictable and stable terms of the fixed spread are an important success factor in trading. With the above advantages, you should be aware that the fee in most cases is somewhat high (it is more than 1 point and often in the range of 2-5). Therefore, we recommend that beginners use fixed Spread Forex Brokers, in the first place. Also, Fixed Spread Brokers are a perfect solution for users who work with medium and long-term trades. In addition, they are perfect for using the fixed spread in Forex trading with automated fixed-income spread trading robots and expert advisors.
Repeated requests considerably complicate the work of any trader and generate additional costs. It is important to remember that a spread with a fixed value, except oversized (1 point or more), has several more drawbacks. First and foremost, they include the existence of requotes. Most Fixed Spread Forex Brokers are presented in this list on our site. With their help, you are guaranteed fixed-income spread trading in a stable environment.