Another consideration is how automated is the order execution process.
There are shady brokers out there that manipulate order execution conditions in their favor.
Can your broker explain to you their process for executing orders?
Is the entire process automated? If not, can they specify scenarios when manual intervention is involved?
On its trading platform, the broker quotes two prices:
They collectively referred both prices to as the broker’s prices.
The difference between the bid and ask price is the spread.
What is the average spread per currency pair made available to the broker’s customers?
Can they break data on spreads down by hours? For example:
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