Low Trading Costs
Edge Brokers provides Ultra-Low Latency Direct Market Access (100% DMA/STP Agency Model) with No Broker Intervention, No Price Manipulation and No Execution Manipulation to Tier1 inter-banking Forex Liquidity and all major Liquidity sources for Equities, Derivatives and Commodities, an absolute first within the MT4 Industry.
Most importantly, we at Edge Brokers pride ourselves for not marking-up the inter-banking Core Spreads, thus offering an exact picture of the Inter-Banking pricing, without any filters. Edge’s 100% transparent setup empowers FX Traders in the manner of Equity Traders whom always have the exact picture of the pricing of Exchanges traded Stocks. Obviously and equally, Edge Brokers does not mark-up the Real Exchange Spreads for all Stock CFDs available in our MT4+ platform.
Our FX Aggregator (i.e. Pricing & Routing engine) aggregates 15+ Top Tier Bank and Non-Bank Liquidity Providers’ price-feeds in real-time. Additionally, our Smart Order Routing Technology (SOR) aggregates the fragmented Equities, Derivatives and Commodities markets into a single, unified view systematically scanning 80+ Derivatives and Commodities Exchanges, including Dark-Pools and Light-Pools as well as Primary Exchanges such as the LSE, VIRT-X, XETRA, NYSE, or NASDAQ.
Offering our clients dynamic and intelligent access to a wide and diverse Pool of Liquidity our engine supports complex order routing and aggregation rules, as well as multi banded liquidity streams for superior execution especially on high trading volumes. Systematically calculating the probability of execution to execute on the best Bid & Ask available at any time in the market, here again our engine does significantly optimize our clients' execution, notably by capturing price improvement and minimizing market impact.
Bottom line, Retail Clients, Institutional Partners or Broker Clients (i.e. seeking Institutional Liquidity) putting large Limit Orders into the system will systematically achieve better pricing and fills with Edge Brokers.
We are presenting below several Retail Brokers' average spreads in pips as reported by MT4 ask and bid prices on every tick between 24. and 28. March 2014.
Moreover, we are adding spread charts demonstrating the stability of our FX feed. Indeed, it is interesting to note that our competition's FX feed does widen considerably at times comparatively to our FX feed which does transparently (No Spread Mark-up) represent the status of the market. Such deltas may be explained either by a significant lack of depth or, by intentional price manipulations serving Market Makers' interests within a Non Anonymous trading environment (i.e. Market Makers have full visibility on their client's Limit Orders, hence can easily pretext eventual market moves to Stop Hunt). That is typically the case of Oanda which systematically widens its spread up to 15 pips (yes 15 pips!) in virtually every trading week.
These figures demonstrate the undisputable superiority of Edge Brokers' FX Aggregation technology, not to mention our extreme level of integrity and transparency.
* XTB did not provide data for the particular period (24-28/03/2014), hence, the figures represent previously available information.
** In 2012, Dukascopy decided to stop publishing official pricing data on MT4i.com.
|Session (EUR/USD)||London||New York||Tokyo||ALL|
|Commission included in spread||Average Spread||Average Spread||Average Spread||Highest Spread|
|Vantage FX (Demo)||1.6||1.6||1.7||6.4|
|Alpari UK (Classic Live)||1.7||1.8||1.3||4.7|
ECN/PRO accounts will typically charge commission on top of the spread, and usually require relatively large deposits and/or minimum trade sizes.
For instance, Alpari's MT4 Pro offering is only available for deposits from USD 10,000, with a minimum trade size of 1 Lot, and additional commission charges. Moreover, Alpari's MT4 Pro offering only enables to trade Forex and Precious Metals (i.e. no DMA/STP connectivity to Equities, Indices, Commodities, Bonds and more). Finally, 100% MiFID Compliant Post-Trade Transparency (i.e. Execution Reports) are not available while spreads seems to be Marked-up.
Additionally, we would like to showcase below another proof of the ultimate spread stability demonstrated by Edge's price feed during periods of high market volatility. We take as an example the Non-Farm Payroll (NFP) news which is considered to be one of the major industry events that may cause the so called "spread spikes" (absolute maximum spread values). See below a comparison between Edge's benchmark and the performance of some major market making brokers.
|NFP (EUR/USD)||April 2014|
|Edge Brokers (Live)*||3.99|
|IC Markets (Demo)*||4.88|
|Forex Club CIF (Demo)||
|Alpari UK (Classic Demo)||
|Armada Markets (Demo)||
* Commission charged separately.
Note: All spread values are in pips.
Source: MT4i Spread Monitor
Apart from the data on Edge Brokers' Core Inter-Banking Spreads, 100% MiFID Compliant Post-Trade Transparency reports are available without any discrimination as a standard for all clients, starting from USD 500 deposits, with a minimum trade size of 0.01 Lots and the ability to trade 9 Asset Classes / 800+ instruments via the MT4+ under a 100% DMA/STP Agency Only model.
We shall not comment on FXCM's spreads which we believe to be absolutely unrepresentative of the true (No Dealing Desk) inter-banking pricing!
Needless to say more, we are Edge Brokers - your game-changing partner of choice!