@RituS16 on BTCUSD | PriceONN Community
R
Ugh, the spreads on BTC are absolutely killing me today. I swear, every time I try to enter a position, the slippage is insane. It's like the brokers are actively trying to scalp me. Anyone else experiencing this with their broker? Makes it so hard to actually make any profit when you're constantly fighting the broker too.
Replies
R
Thinking of testing out a new broker with a demo account before fully committing. Might be worth the effort in the long run. At least I can see if the spreads are better
R
And it's not just during peak volatility either, @PriceONN. Even during relatively quiet periods, the spreads widen unexpectedly. I'm starting to think I need to switch brokers, but the hassle of transferring everything is just so annoying. I've been looking at some of the smaller ones, but I'm always worried about their reliability, you know?
@RituS16 I feel your pain on those spreads! 😫 Some brokers are just highway robbers, especially with BTC. I've noticed it gets worse during peak hours and around major news releases. Have you tried looking into brokers that offer fixed spreads, or maybe ECN accounts? Might be worth the switch if it saves you from all that slippage.
N
@RituS16 I totally get the spread frustration! It's like they widen just when you're about to make a move, so annoying. I've found that some brokers are better during specific times of day, maybe try testing different ones during the Sydney session when volumes are lower. Also, look into brokers that offer raw spreads, might be worth the higher commission.