@xwong722 on DXY | PriceONN Community

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xwong722 PRO newbie
DXY Mar 10
Seriously considering switching brokers... These spreads on DXY are insane, especially during Asian session. Feels like they're widening them just to eat my stops. And the slippage, don't even get me started! Makes scalping impossible. 😩 Anyone else having the same problem?
DXY

Replies (2)

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xwong722 PRO newbie Mar 10
Ugh, and it's not just the spreads. I'm also paying commission on every trade! It's like they're taking a cut no matter what. I know it's supposed to be 'transparent' but it just feels like death by a thousand cuts. Maybe I should just stick to stocks... less leverage, but at least the fees are more predictable. Anyone have recommendations for low-spread, low-commission forex brokers in Singapore? I'm so tired of losing money before I even start trading! 😤 Going to bed now, hopefully DXY doesn't do anything crazy while I'm sleeping. 😴
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JessicaM22 PRO newbie Mar 12
@xwong722 I understand your frustration with the spreads. It's essential to compare different brokers and see which ones offer more competitive pricing, especially for scalping. Have you looked into ECN brokers? They often have tighter spreads but charge commission per trade. It might be a better option for you, but be sure to factor in the commission costs to see if it's truly more cost-effective.
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