FXStreet, one of the largest forex sites, has revamped its tool for comparing brokers, and it now consists of real live spread data from 21 brokers and 6 currency pairs.
The data also takes into account commission and spreads during high various market environments. For more information, here is the official announcement:
We’ve improved Brokers Comparative Table service and renewed its design offering real time spreads data. FXStreet Brokers Table supports21 brokers and growing and 6 currency pairs, enabling investors to track, compare and analyze the pricing activity. All the brokers listed in FXStreet Brokers Table are regulated by reliable and competent organisations.
What’s new?
- Real time updating, feature interesting for investors, who from now on are able to see which brokers are offering the most competitive prices, in a cutting-edge interface with a more accurate design outlining the main information.
- Information on brokers commission, if proceeds. The table also informs if the broker has added any commission to the spread.
Those brokers who give a fixed price will also be included, being their information of special interest in periods of high volatility and low liquidity. In addition, all the data published in the Brokers Comparative Table comes from real accounts, which makes it quite valuable when making trade decisions. The content is now provided by Myfxbook, an online automated analytical tool for your forex trading account and a social forex community first of its kind.
What’s what
The spread is the difference between the bid and the ask price, and it’s expressed with a similar quote convention than the pair: Bid / Ask. Being the Bid the highest quoted price at which the counterparty is willing to buy a currency pair, and the Ask price the lowest quoted price at which he is willing to sell.
Here is the original publication.
