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Between Exness and Tickmill, which has better spreads to optimize your trading strategy? Why spread is so important for your profis?
Forex trading is a profitable venture but the success of traders is influenced by a host of factors with the kind of broker being a vital factor. Apart from choosing a broker that enables a trader to implement a well-tested profitable strategy, the trading costs must also be considered, especially the spread. This is why we will be comparing the two brokers, Exness and Tickmill, in terms of their spreads.
Why Mind the Spreads?
The importance of spread in the overall trading structure cannot be overemphasized as it goes a long way into determining the trading costs that a trader is likely to incur. If it is exorbitant, it could begin to eat into the trader's profit.
Spread affects the kind of strategies that a trader can use. For instance, scalping is a popular trading strategy in which traders open several trades throughout the day to make a series of small profits. However, if the spread is too high, it might end up consuming most of the profits made by the trader via this strategy. The implication of this is that many profitable strategies are rendered useless when the spread is too high since the trader will only keep losing money.
Therefore, it is advisable to confirm that the spreads are affordable or check if the broker has an account type in which spreads start from zero. Although it should be noted that when spreads are zero, the trader will likely have to pay small commissions for each lot which is why traders must understand a broker's fee structure before operating a trading account so that it does not become a problem in the future.
Exness Spreads
Exness is regulated in at least five regions around the world which include Cyprus, Mauritius, the United Kingdom, the British Virgin Islands, and Seychelles, thus making it impossible for traders to get scammed by this broker. Also, Exness has negative balance protection for its clients while keeping their funds in segregated accounts. All these factors combine to make Exness a safe and trustworthy broker. Account verification in this broker does not take long as it is done within 24 hours once the trader submits the necessary documents.
The choice of broker is adjusted to the needs of each trader. If you are a trader who only needs a basic platform and trading features with the best attributes, then Exness can be your best choice.
Exness covers its lack of feature variations with other advantages like low spreads starting from only 0.1 pip. This is very suitable for traders who use scalping strategies (Scalper). Spreads on major pairs in certain account types can also be as low as 0.0 pip, depending on market conditions.
Not only that, but traders can also enjoy other advantages such as automatic fund withdrawals. Exness processes the majority of client withdrawals instantly, without manual checks; however, withdrawals may be subject tos depending on the payment provider or method of choice.
The safety of traders' funds is also guaranteed as Exness is one of the European-based STP/ECN brokers. Exness's ability to become an official partner of the Real Madrid soccer team for 3 years, starting July 2017, also provides evidence that the company has high solidity.
Deposits and withdrawals may be made 24 hours a day, 7 days a week. However, it is important to note that the company shall not be liable fors in processing deposits and withdrawals if suchs are caused by the payment system.
Traders do not need to worry about transaction fees when depositing and withdrawing. Exness doesn't charge any transaction fees to traders even though some charges may be incurred depending on the payment provider of choice. A variety of payment methods are provided for traders, including Wire Transfer, Bank Card, Neteller, Skrill, and many others.
The financial reports and metrics on the Exness website are audited quarterly by Deloitte, one of the four largest public accounting firms globally.
Moreover, Exness is one of the mote transparent brokers in the online trading industry. Traders can find out all information about this company on the website, such as trading volume, number of active clients, client deposits, company funds, and many more.
The platforms provided by Exness vary in MetaTrader 4, MetaTrader 5, Web, and Mobile platforms. This makes it easy for traders when trading on Exness, as they can also access Exness platforms anywhere and anytime.
Over the years, Exness has developed into a broker that attracts traders. Trader's trust is further enhanced by its compliance with financial regulations like the FCA and CySEC.
One measure of client confidence can be put on the trading volume. By December 2018, their clients' monthly trading volume reached USD348.4 billion and active traders around the world surpassed 50,342.
Through the program offered by Exness, traders also have the opportunity to earn extra income by becoming their partners. From the Introducing Broker (IB) program, partners can earn up to 33% spread commission from every new client that registers with them.
Additional income can also be obtained from Exness Partners. Traders can get a spread commission of up to 25% per transaction made by traders who register through an affiliate link.
When trading with Exness, clients can also make use of its free VPS hosting services. A VPS (Virtual Private Server) offers increased reliability and stability for traders as they can maintain their trades and expert advisors without interruption in the event of unexpected technical issues, such as internet or electricity downtime.
From the review above, it can be concluded that Exness is a favorite broker for traders because of low spreads and flexible account types. This condition is very suitable for traders with limited funds but is in need of more opportunities to get maximum profit. This broker is also well known for its maximum support on both new and existing partners.
At Exness, spreads start from 0.3 pips and traders do not have to worry about inactivity fees. Also, there are no commissions when depositing or withdrawing funds. All in all, their low spreads will enhance the potential profits that traders generate from their strategy. Scalpers can also make profits without having to be concerned about high spreads.
Tickmill Spreads
Tickmill is under regulatory license from financial authorities such as CySEC based in Cyprus, FCA from the UK, FSCA of South Africa, and FSA of Seychelles. These represent some of the most reputable regulatory bodies in the forex industry which provide assurances concerning the trustworthiness of Tickmill as a broker. Also, clients dealing with Tickmill are offered negative balance protection which protects them from losing their accounts even when they accumulate losing trades up to a point. The broker also ensures that clients' funds are kept in separate accounts.
Tickmill is an award-winning global ECN broker, authorized and regulated by the Financial Conduct Authority (FCA) in the UK, CySEC in Cyprus, and the FSA of Seychelles. Founded in 2014, it offers its retail and institutional clients various trading services with a prime focus on forex, stock, commodities, CFDs, and metals.
For traders who prioritize the value of spreads in broker selection, Tickmill provides excellent services with low spreads, starting from 0.0 pips.
The London-based company has a mission to provide clients with the best possible trading environment, so clients can focus on trading and become successful traders. One way to reach its mission is to offer a fast-execution of 0.15s. With this facility, it's no wonder that Tickmill gets the 2019 Best Forex Execution Broker award by the CFI.co Awards. Also, Tickmill received the achievement as Best CFD Broker Asia 2019 by International Business Magazine, the Best Forex Broker Asia, and the Most Transparent Broker 2019 by Forex Awards.
After registering in Tickmill, traders can choose the most ideal asset among 60 currency pairs that they can trade. If traders aren't sure yet to open a real account, Tickmill recommends learning to trade through a demo account.
There are also educational features such as Webinars, Seminars, Ebooks, and Video Tutorials. All of these facilities can be used by traders to increase knowledge about trading and the financial market as a whole. If traders already have enough knowledge, they have a greater opportunity for earning profit consistently.
For traders registered in real accounts, they can choose between provides three types of accounts, including Pro Account, Classic Account, and VIP Account. Traders can open positions with a minimum order of 0.01 Lots. This applies to all types of accounts.
The company provides recommendations for traders who are still confused when choosing an account. For example, for novice traders, Tickmill encourages clients to choose a Classic Account. It offers optimal conditions with fast order execution while enabling traders to use virtually any trading strategy. Additionally, the account is trade commission-free so traders only pay the bid/ask spread. Other than the 3 main accounts above, Tickmill also provides an Islamic account (swap-free).
The downside is, trading with Tickmill will only enable traders to use MetaTrader 4 as their offered trading platform. Although not much if compared to other brokers, the Tickmill platform provides a user-friendly and highly customizable interface, accompanied by sophisticated order management tools to help traders control positions quickly and efficiently.
The convenience of trading on Tickmill is enhanced by the existence of One-Click EA integrated on MT4. Traders will get Stop Loss and Take Profit calculations automatically. On top of that, Tickmill provides a VPS hosting for automated traders that can't be bothered with technical problems such as troublesome internet connection.
They offer several third-party research solutions, including Autochartist, which is a popular pattern-recognition software that uses automated technical analysis to make forecasts and generate trading signals. Autochartist is available both in Tickmill's web portal and as a platform plugin for MetaTrader 4.
As a Tickmill client, a trader can deposit and withdraw with a variety of payment methods, including Visa, Mastercard, bank transfer, and Skrill. Tickmill accepts deposits and withdrawals in 4 currencies, which include USD, EUR, GBP, and PLN.
Overall, Tickmill is a competitive broker in spreads and provides a safe trading environment with its regulated entities in three different jurisdictions. Although their trading platform is not outstanding, the analytical tools they present to equip traders' needs are considered by retail broker standards.
Tickmill offers traders account types in which spreads start from 0.0 pips thus offering excellent value for scalpers. The zero spread is available in Pro and VIP accounts, while the classic account operates with a minimum spread of 1.6 pips. It's worth mentioning that there are no deposit or inactivity fees in all Tickmill accounts.
Which One is Better?
Comparing both brokers and putting them side by side, there are similarities and differences. The first similarity is that they are both regulated heavily by various financial authorities although Exness is subjected to more regulators.
In terms of spread which is the main focus of this article, Exness and Tickmill differ in this regard with Exness offering spreads starting from 0.3 pips while spreads for Tickmill start from 0.0 pips. It means traders will likely get better trading value with Tickmill since the overall cost is likely to be lower with this broker. This opens traders to various possibilities in terms of the trading strategy to maximize profits while minimizing the cost of placing trades.
Tickmill provides access to an ECN which gives traders the chance to secure the best exchange rate for filling their orders. Since the ECN tracks quote from a set of market makers, there is an availability of increased liquidity which will enable traders to take better advantage of the 0.0 pip spread.
On the other hand, Exness can still be a considerable option despite its slightly higher spread. After all, the broker has a reputable trading service and instant withdrawals. Traders who put the two aspects a bit above zero spreads may fit into Exness perfectly well.
For more comparisons between the two brokers, you may look into the table below:
| Compare | Exness | Tickmill |
| General Rating |
3.81/5 |
2.75/5 |
| Score | ||
| Trustpilot |
4.5/5 5713 users |
4.1/5 285 users |
| 💼 Regulation | ||
| ❗ Info | ||
| ⌛ Established | 2008 | 2014 |
| 💲 Min Deposit | $10 | $100 |
| ⚖ Max Leverage | 1:2000 | 1:500 |
| 🔢 Spread | Variable | Variable |
| 💸 Commissions | $3.50 | $1 |
| 💡 Min Position | 0.01 lot | 0.01 lot |
| 💳 Payment | WebMoney, Skrill, Wire transfer, Credit/debit cards, Neteller, Perfect Money, Crypto, Tether (USDT) and USD Coin (USDC) | WebMoney, Skrill, Wire transfer, Credit/debit cards, Neteller, UnionPay, QIWI, FasaPay, Crypto, Ethereum and Bank transfer |
| 🏢 Office(s) |
        |
   |
| 🧩 Demo Account | ||
| 📁 Segregated Account | ||
| 🕋 Islamic Account | ||
| 👨💻 PAMM Account | ||
| 📈 Managed Account |
| 💱 Hedging | ||
| 🇺🇸 US traders | ||
| 🕛 Swaps |
| 🏆 Trading contests | ||
| ⚡ Automated trading | ||
| 💰 Bonus offers | ||
| 📖 Free education |
| 1️⃣ One-click trading | ||
| ⏱ Trailing stop | ||
| ⏳ Pending orders |
 Forex |
||
 CFD
|
||
 Indexes |
||
 Spread Betting |
||
 Gold & Silver |
||
 Crypto |
||
 Stocks
|
||
 Oil
|
||
 Metals |
||
 Energies |
||
 Futures |
||
 ETF
|
||
 Options |
||
 Agriculture |
||
 Silver |
||
 Index |
||
 Indices |
||
 Commodities |
||
|
Etf |
||
 Bonds |
||
 Stock |
||
 Binary Options |
||
 ETFs |
||
 Corporate Stocks |
||
 Shares |
||
 Stocks 1:5 |
||
 Physical Stock |
| 🗣 Website Languages | Arabic, Bengali/Bangla, German, English, Spanish, French, Hindi, Indonesian, Italian, Japanese, Korean, Portuguese, Russian, Thai, Urdu, Vietnamese, Chinese | Arabic, English, Spanish, Indonesian, Korean, Malay, Polish, Portuguese, Russian, Thai, Vietnamese, Chinese |
| 🚪 Trade Now | Open Exness | Open Tickmill |
25 Comments
Tendy
Mar 28 2023
The weapon for brokers to attract traders is by offering lower spreads, although different brokers may have different policies. According to the article, Exness offers a starting spread of 0.3 pips, while TickMill offers 1.6 pips for its spread. To compare apples to apples, I want to compare the standard accounts of each broker. As a trader, I would choose Exness over Tickmill because of the lower spread. However, what about traders who choose Tickmill? Are there any special features that would make me, as a trader, say, 'Oh, Tickmill? Although it has a higher spread than the others, at least it has this feature.' Can anyone explain this to me? Thank you!
Nana
Mar 28 2023
AS the trader of Tickmill, I can said they offers several features that can make it attractive to me, even though its spreads may be higher than some other brokers. Here are some examples:
Low commissions: Tickmill charges low commissions on trades, which can help offset the higher spreads. This can make it a cost-effective choice for active traders. As the example, you can see at the article, it offer only $1 per lot.
Wide range of account types: Tickmill offers a range of account types, including a Pro Account, a VIP Account, and an Islamic Account. This allows traders to choose an account that best suits their needs and trading style. It is including ECN featured.
Trading tools and resources: Tickmill offers a range of trading tools and resources, including a trading platform with advanced charting features, market analysis and news, and educational resources such as webinars and tutorials. And the example is Acuity Trading feature that no brokers offer than tickmill itself. You can read the details here : Acuity Trading Tickmill
Customer service: Tickmill provides customer support in multiple languages, which can be helpful for traders who speak languages other than English. They also offer 24/5 customer support through phone, email, and live chat.
Hope it can clear your question. Thank you!
Martin
Mar 28 2023
I believe that choosing a broker is a matter of personal preference. For me, I prefer Exness because they offer a standard cent account in addition to having low spreads. Spreads are important because floating spreads can widen and affect our trades. It's better to find a broker with spreads that start from zero, and Exness offers that.
Another important factor for me is the account type. Not many brokers offer cent accounts because of the high fees, but I find them very helpful for real live trading without risking a lot of money. With a cent account, you can trade with smaller amounts because it uses cent as its currency. This is very beneficial because if you lose some money, it will only be in cents. Overall, I find the cent account to be a very helpful feature.
Harry
Mar 28 2023
Sure thing, mate! I'm a bit curious about these inactivity fees that brokers charge. I've heard about spreads and commissions and even swaps, but this inactivity fee is new to me. As a beginner trader, I want to make sure I understand everything that can affect my trading.
So, can you explain to me what inactivity fees are, how they can impact my trading, how the fees are charged, and why brokers have this fee? I want to make sure I don't get caught out by any hidden fees that could hurt my trading. Cheers!
Jorge
Mar 28 2023
Inactivity fees are fees charged by some brokers when your account has been inactive for a certain period of time. This means if you haven't placed any trades or activity in your account for a specified amount of time, usually around 6-12 months, the broker may charge you an inactivity fee.
Inactivity fees can affect your trading because they can eat into your profits or add to your losses if you are not aware of them. They can also be frustrating if you have a small account and the inactivity fee is a large percentage of your balance.
The way inactivity fees are charged varies between brokers. Some may charge a flat fee, while others charge a percentage of your account balance. Some may waive the fee if you have a certain level of trading activity, so it's important to check with your broker to see what their policy is. And thanks to Exness and Tickmill, they don't have inactivity fees.
The purpose of inactivity fees is to incentivize traders to stay active in their account and to cover the cost of maintaining dormant accounts.
Josh
Mar 31 2023
Wait, hold on a second. I just finished reading the article, and I'm feeling a little perplexed about the information on spreads provided for Exness and Tickmill. According to the article, Exness offers spreads starting from 0.3 pips, while Tickmill boasts spreads starting from 0.0 pips. It appears that Tickmill has the potential to provide traders with better trading value due to the lower overall cost compared to Exness. This raises a few questions in my mind. Firstly, I'm curious about the significance of this difference in spreads between the two brokers. How does Tickmill's lower spreads translate into tangible benefits for traders, and how does it contribute to maximizing their profits while minimizing the cost of placing trades? Furthermore, I'm intrigued by the notion of exploring various trading strategies in light of Tickmill's lower spreads. Could you shed some light on the specific opportunities that arise from these favorable spreads, and how traders can take advantage of them to optimize their trading outcomes? Thank you so much!
Lidya Hans
Oct 28 2023
@Josh: As you know, lower spreads on platforms like Tickmill are awesome for traders because they mean you can save some cash and boost your profits when you're making trades. Here's the deal: spreads are the difference between what you pay when you buy (ask price) and what you get when you sell (bid price) in trading. When spreads are smaller, you pay less on each trade, which is a win for your wallet. This not only makes your trading cheaper but also gives you an edge in the competitive world of trading because brokers with tight spreads attract traders who want better prices.
Whether you're a quick scalper making fast trades or a swing trader holding onto positions longer, lower spreads work in your favor. Scalpers can benefit from the reduced cost of jumping in and out of trades, making it more profitable. Plus, with tighter spreads, you can better manage your risk using stop-loss and take-profit orders without worrying too much about price slippage. Swing traders can also enjoy lower costs over time, which can fatten up their profits. So, you see, lower spreads are like a money-saving hack for traders, helping you keep more of your earnings. Just remember that trading has other costs like commissions and overnight fees, and it's not all about spread
Tom
Apr 3 2023
Exness is now disable trailing stop and also make illegal invalid stop for trade signal. No more trust to this company.
Ferdinand
Apr 6 2023
Thanks for the article, it's pretty dope! It got me interested in Exness and Tickmill 'cause they offer lower spreads, low minimum deposits, and high leverage, which you don't really find with US brokers. I've been learning about Forex for months, but I still can't wrap my head around why US brokers have crazy high deposit requirements and lower leverage. I tried checking out brokers outside the US, but it seems like none of them take US clients, even Exness and Tickmill.
I'm just wondering, like, why don't foreign brokers mess with US traders? Do you have any idea why that is?
Jeffrey
Apr 7 2023
Let me get the simple explanation here because many traders like you ask about the US trader's problem. The reason why many foreign brokers do not accept US traders is due to the strict regulations in the US. The US has some of the most stringent regulations for financial markets, including the Forex market. These regulations are meant to protect traders and ensure fair trading practices.
However, complying with these regulations can be quite costly for brokers, especially those based outside the US. As a result, many foreign brokers choose not to accept US traders to avoid the high costs of regulatory compliance. Hope it can clear your question about the brokers that always dont accept US traders
Henderson
Apr 6 2023
I agree with the author! If the standard account in Tickmill offers a 0.0 spread and a commission of only $1, compared to Exness' $3.5 commission, it's a great deal. With such low spread and commission, and a minimum deposit of only $100, you can have access to the ECN feature with a lower deposit, making it definitely worth trying Tickmill. Don't forget about Tickmill's high leverage of 1:500, which can be a key to success in trading, but be sure to use it carefully. Overall, I completely agree with the author. Trading with Tickmill is a low-cost option
Morgan
Apr 7 2023
I think it's worth discussing the minimum deposit offered by both Exness and Tickmill in this article, which compares their spreads and highlights some differences between these competitive brokers. While Tickmill offers an ECN broker, Exness provides a standard STP Broker. However, I'm confused about the trading options because Tickmill offers 0.0 pips but requires a huge minimum deposit of $100, while Exness allows a minimum deposit of only $1 and offers leverage up to 1:2000. The only downside to Exness is the fees that are charged. As a beginner, I'm not sure which broker would be more suitable for me.
Harley
Apr 8 2023
Hey, I believe this article only compares the standard accounts offered by both brokers. However, after clicking the review button on Exness' website, I found that they offer Raw Spread and Zero accounts that can also offer 0.0 spreads, but require a deposit of around $200. On the other hand, Tickmill's classic or standard account, as per the review, is ECN-based, hence the spread is also 0.0.
I recommend checking the broker reviews on this site, as they provide information on the various account types offered by brokers that may not be explained in the article. Since each trader has different preferences, I prefer Exness as it offers a wider range of accounts, from cent accounts to Zero accounts that can suit our needs. Meanwhile, Tickmill only offers three account types, and only the classic account allows scalping and EA trading. The other two accounts don't allow scalping and have higher deposit requirements. Based on that I will choose Exness instead Tickmill.
Ince
Apr 12 2023
It appears that both brokers are regulated in several countries, but I'm a bit confused because they are also regulated by the strict regulatory body FCA UK. While having just one regulatory body should make them safe to trade with, I noticed that Exness and Tickmill are regulated in less safe offshore countries like Seychelles and British Virgin Island, as mentioned in the article. I wonder why brokers need multiple regulatory bodies - is it just to prove their safety or is there another reason behind it? Need an explanation about that, thank you !
Zoey
Apr 13 2023
Let me help you answer your doubt! Brokers may seek regulation from multiple regulatory bodies for various reasons. One reason could be to broaden their market reach and offer their services to clients from different jurisdictions. By being regulated in multiple countries, brokers can comply with the regulatory requirements of those countries and offer their services to clients in those regions. Another reason could be to enhance their credibility and reputation by being regulated by reputable regulatory bodies. Being regulated by a strict regulatory body like the FCA UK can demonstrate a broker's commitment to maintaining high standards of business conduct and client protection.
Paul
Apr 14 2023
Not all offshore brokers not safe! Offshore brokers can be safe if they are regulated by a strong and reputable regulatory body that imposes strict rules and standards on the brokers. While the regulatory requirements and standards may vary across different offshore jurisdictions, some regulatory bodies have established a solid reputation for their effectiveness in protecting clients' interests and maintaining the integrity of the financial markets.
For the example, there are other offshore regulatory bodies that have established a reputation for strong oversight and high client protection standards include the Financial Services Commission in Mauritius, the Financial Services Authority in Seychelles, and the Financial Services Authority in the British Virgin Islands. So, you can say both of the brokers considered safe to trade with and they just want to reach more customer with the regulates with many body regulator!
Hayden
Apr 13 2023
I've noticed that Exness offers larger leverage than I had anticipated. While other brokers may offer 1:500 leverage, finding a broker that offers 1:2000 leverage is more difficult. I have read some arguments suggesting that brokers don't offer higher leverage due to regulations in some countries rather than because they cannot do so. As a new trader with Exness, I'm curious to know whether leverage of 1:2000 is considered safe, and whether I can choose any leverage level between 1:1 and 1:2000. Thank you
Ysolda
Apr 14 2023
Regarding your question about the safety of a 1:2000 leverage ratio, it's important to note that higher leverage ratios come with greater risk. While they may offer the potential for higher profits, they also increase the potential for higher losses. Therefore, it's crucial to use leverage responsibly and ensure that you have a solid understanding of the risks involved.
And the next question about choosing the leverage. Yes, Exness offers various account types with different leverage ratios, so you can choose an account type that suits your trading needs and offers a leverage ratio that you're comfortable with. However, keep in mind that the maximum leverage ratio offered by Exness may depend on the financial instrument being traded and other factors, so be sure to check the trading conditions carefully before making a decision.
Mudric
May 25 2023
Hey there! I've been hearing a lot about scammers in the broker industry lately, and it got me curious about their characteristics. Can you tell me what are the common traits that scammers often exhibit in the broker industry? I mean, it's essential to be aware of these red flags to avoid falling into their traps, right?
By the way, I recently came across Exness, and I noticed that they are regulated in multiple regions, including Cyprus, Mauritius, the United Kingdom, the British Virgin Islands, and Seychelles. It got me wondering, how does being regulated in multiple regions provide protection against scams for traders? I mean, it sounds like a great advantage for traders, especially since it seems impossible for them to get scammed by this broker. Can you shed some light on the benefits of having multiple regulators for a broker like Exness? Thanks a bunch!
Ternier
May 29 2023
@Mudric: Scammers in the broker industry often exhibit certain traits that can serve as red flags. Look out for the following:
Regarding Exness being regulated in multiple regions, it provides several benefits. Multiple regulators enhance accountability, offer investor protection, maintain higher standards, and provide recourse in disputes. Having multiple regulators increases the credibility and security of the broker.
However, always conduct your own due diligence and remain cautious, even with regulated brokers. Stay informed and vigilant to ensure a safe trading experience. Happy trading!
Helmi
Jul 2 2023
Hey there! Just being curious here about market maker compared to ECN Tickmill! So, what are the potential advantages of using a market maker compared to an ECN (Electronic Communication Network) when trading with Tickmill? How does Tickmill's access to an ECN contribute to securing the best exchange rate for traders? Can you explain how the ECN's tracking of quotes from market makers leads to increased liquidity and how it benefits traders in terms of taking advantage of the 0.0 pip spread? Are there any specific scenarios or market conditions where a market maker approach might offer unique advantages over an ECN?
Sally
Oct 27 2023
@Helmi: Let me explain to you. As you know, the ECN's ability to track quotes from market makers indeed enhances liquidity. By aggregating quotes from multiple sources, it creates a deeper pool of liquidity, which can lead to more efficient order execution. As a result, traders can take advantage of the 0.0 pip spread under specific market conditions where there's high liquidity and tight spreads, enhancing their overall trading experience.
While ECNs are generally favored for their transparency and competitive pricing, there may be scenarios where a market maker approach offers unique advantages. For instance, market makers can provide consistent spreads even during times of high volatility, which can be advantageous for traders seeking stability. It ultimately comes down to a trader's preferences and risk tolerance in choosing between a market maker and an ECN when trading with Tickmill. So, it is up to you to choose between those pricing model.
Sammy
Jul 4 2023
The importance of spread in the overall trading structure cannot be overemphasized as it goes a long way into determining the trading costs that a trader is likely to incur. If it is exorbitant, it could begin to eat into the trader's profit.
Spread affects the kind of strategies that a trader can use. For instance, scalping is a popular trading strategy in which traders open several trades throughout the day to make a series of small profits. However, if the spread is too high, it might end up consuming most of the profits made by the trader via this strategy. The implication of this is that many profitable strategies are rendered useless when the spread is too high since the trader will only keep losing money.
Alex
Mar 20 2024
So, I've been checking out Exness lately because I read this article saying their spreads kick off at just 0.3 pips, and hey, no worries about inactivity fees. Got me interested, you know? So, I took the plunge and started trading live with them. Haven't bumped into any inactivity fees yet, which is a relief, but here's the kicker – those spreads? They're not quite as advertised. Seems like they're higher than the 0.3 pips I read about.
So, here's the scoop: Is Exness really offering spreads starting at 0.3 pips like they claim? 'Cause from where I'm standing, it's not adding up. Just trying to figure out if my experience lines up with what they're promoting. Getting the lowdown on this would definitely help me feel more confident about sticking with Exness for my trading adventures.
Ternier
Mar 23 2024
Hey there! So, as far as I know, Exness offers floating spreads, which means the spread rates can vary based on market conditions. This flexibility might mean that you won't always see those exact 0.3 pips figures mentioned in the article. (read : Fixed Spread Vs Floating Spread, What are the Differences?)
Now, when it comes to trading, having a good grasp of how your broker operates is key. Understanding the ins and outs, especially when it comes to spread rates, can make a big difference in your trading experience. With Exness, knowing that their spreads float means you can expect some fluctuation in those rates.
But hey, that's not necessarily a bad thing! It just means you need to be adaptable and stay on top of market movements. With the right knowledge and awareness of the floating nature of spreads, you can adjust your trading strategy accordingly and make the most out of your trades. So, while you might not always hit that 0.3 pips mark exactly, being informed about how things work can help you navigate the trading world with confidence.