FAP Turbo and Lower Broker Spreads
It seems more brokers, many popular with FAP Turbo, are beginning to lower their spreads and those who have not already done so seem poised to likely follow suit to remain competitive.
This is fantastic news for FAP turbo scalper traders since the scalper mode is sensitive to the spreads. With lower spreads FAP Turbo users are sure to see and even better return on their money.
It seems we’re seeing a return to spread conditions like those just before last Christmas. This shouldn’t be a surprise though since spreads like marketer conditions in general move up an down with a bit of a rhythm.
According to the news release from FAP Turbo today, FXCM had already lowered their spreads at the end of March. Not being an FXCM user I can’t confirm this but will shortly.
Alpari has announced it will eb decreasing spreads on 16 of it’s currency pairs including the ever popular EURGBP and EURCHF which are the darlings of the FAP Turbo scalpers. In fact news has it that the new spread will be 4 for these two pairs instead of the current 5!
IBFX has also announced it’s moving to 5 digit quotes which should help lower their spreads as well.
And lastly FXCBS apparently plans to decrease their spreads as well.
Of course just because a broker is decreasing it’s spread does NOT make them a good broker.