What am I missing about GlobalFX?

You are right the spread is nothing but it's the idea that you are forced to pay it which is the problem.

It's nothing but it just seems inherently wrong, like a rigged game.

 

With $2.5K you can't trade the interbank market, and don't believe anyone who tells you so.

 

LOL ! right you are. i think a reuters dealing machine costs more than that for access to the interbank market.

:eek:

 

I mistakenly thought I read it on their website but I realized they are no different then any other house out there.

 

I don't understand why everyone is so hung up on paying spreads when dealing in FX. I never hear anyone complain about spreads or in the equity markets. Why is this so?

 

We used to complain PLENTY about equity spreads, market makers, payment for order flow etc etc.. But now we have decimals and direct access

 

There is a spread in EVERY market but in FX you have no commissions.

 

30-50 bucks per lot... kind of expensive compared to other markets

 

Please don't fool with traders here, be honest and avoid
making rubbish statments and worthless talks, because
it is self-destruction only.

FXCM charges 4-5 pips average on pairs with mini accounts
and 3-4 pips on regular accounts, thats $30-$40.

With CME Eurofx it's:
$5 RT commision and 1 tick spread ($12.5) most times.


But that spread is compensated by more trendy % wise
in spot forex market.

 

it's not the spread itself, it's what the spread represents with these "forex" companies. the poster is correct, the game is rigged...