WikiFX

Sagot

As an experienced forex trader, I’m always cautious when assessing any broker, and EGM Securities is no exception. Based on the data I reviewed, EGM Securities advertises spreads “from 0.0 pips” on their platform, which initially sounds highly competitive. However, in my experience, such figures often represent ideal market conditions or the absolute minimum and may not be consistently achievable. It’s important to note that these headline spreads frequently do not account for typical trading environments or possible commissions. For standard accounts specifically, the minimum spread listed was “from 1.4 pips.” This is crucial because, in the real market, especially with a broker that operates without clear regulatory oversight, actual spreads can fluctuate and be wider than the minimum advertised, particularly during periods of volatility or low liquidity. The context did not clarify whether the 0.0 pip offering is reserved for ECN or professional accounts, so for standard retail trading, I would conservatively expect the EUR/USD spread to generally start at 1.4 pips and potentially be higher during active sessions. Given that EGM Securities is currently unregulated despite claims regarding local licensing, I would exercise heightened caution. Transparent information about average spreads, execution quality, and trading costs is typically easier to validate with regulated brokers. For me, the lack of clear regulatory status and explicit fee structure means I’d only consider EGM Securities after weighing these higher risks against my trading needs, particularly for something as fundamental as typical spreads on major pairs.