Good morning Truth seeker,
Index spreads are fixed at 0.9 for most major indices and forex spreads are variable.
We publish our daily typical spreads which we encourage our competitors to do
minimum spreads are only half the story. we publish our typical spreads weekly so you can see how consistent our prices are. They are on our web page.
This only applies to variable spreads. Here is example of variable spreads.
Whilst minimum spreads can grab the headlines they don't tell the whole story, as markets can be volatile and the underlying market spreads can widen throughout the day.
At CMC Markets we believe it is important that our competitors should be more transparent and publish their daily typical spreads as well as their minimum spreads. Consistent daily typical spreads are a reflection of pricing consistency throughout the day. Below you will find CMC Markets’ most popular typical spreads over the last week,
from 17th to 22 July.
Remember that on our next generation platform there is no dealer intervention and the execution is 100% automated .
CMC Markets FX pairs
Instrument Minimum spread Typical spread (17/07 - 22/07)
EUR/USD 0.9 pts 0.973 pts
GBP/USD 1.0 pts 1.287 pts
EUR/GBP 1.0 pts 1.204 pts
EUR/JPY 1.5 pts 1.622 pts
USD/CHF 1.9 pts 1.977 pts
GBP/JPY 2.9 pts 3.012 pts
I Hope this helps explain how our spreads work. If you would like further explanation please feel free to contact our customer support desk.
Please remember you should understand the risk of trading before you enter a trade.
Many thanks Peter
I've been getting a few dodgy fills, at first I was putting it down to to the time consuming order ticket mechanism and although this slows you down and makes you get in the market behind the crowd, the problems were when I actually did the final 'click' to enter the market. So I decided to investigate further - I've discovered that CMC's spreads are not fixed and you do get slippage even in quiet times (really bad around busier times). I think to add a slippage control would be a good idea as we are not get the prices quoted, so to have the option to control what slippage is acceptable is a must, and not hard to implement as other brokers have it. Here's the spread on the EUR/USD this morning, as you can see it's 1.4 and not 0.9.