>As forex brokers one of our chief aims is to minimise costs. One way we do this is by looking for forex brokers that offer cheaper spreads and lower costs on our trades.
MyFXBook have provided an excellent spread analysis resource allowing forex traders to monitor forex brokers’ spreads and give an accurate, unbiased view of the average (as well as the highest and lowest) spreads provided to LIVE accounts! It certainly is a great resource for us to have in keeping with our pursuit of increasing our profits whilst minimising expenses.
A few thoughts and guide on how to use the resource have been made in this video here:
Please note that the MyFXBook Forex Spread site is in BETA – could be buggy. However, it’s looking much better than other similar sites such as FXIntel which look a little cluttered.