Today Alpari UK launched their flexible spread service. This was advertised as follows:
As of Wednesday 19th August 2009 07:00 GMT (09:00 MT4), minimum spreads across ALL currency pairs and precious metals on all accounts are tightened. Flexible spread minimums will be reduced on average by 25% and up to 60% for some currency pairs compared with current fixed spreads.
With the introduction of additional price feeds, clients will be able to access significantly tighter spreads as we pass on the benefit of the tighter spreads available to us from the Interbank market.
Flexible spreads will also bring a greater degree of price-transparency to clients’ trades along with institutional-level pricing and lower transactional costs.
Although I have noticed low spreads on other pairs, the USD/CAD spreads were sometimes 12!. They were ranging from 6.7 to 12! No way Fap Turbo would trade with such spreads. In fact I had an open trade and once I realised what was happening I closed the trade straight away, of course with a loss.
I think we need to say goodbye to this pair. The only remaining currency is EUR/CHF which again last week and this week was a disaster.
So the end of Fap Turbo is near on this broker, and also probably elsewhere.
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Author: Fap Turbo Scam
Tags: 19th August, Alpari Uk, Currency Pairs, Institutional Level, Interbank Market, Precious Metals, Price Transparency, Spread Service, Transactional Costs
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