How competitive are Xtreme Markets’ spreads?
Xtreme Markets offers competitive spreads across different account types. The Cent Account starts with spreads from 1.2 pips, which is decent for a beginner account. The Prime Account reduces the spread to 0.9 pips, which is more competitive for traders looking for tighter spreads. For those seeking the tightest spreads, the Platinum Account starts from 0.6 pips, which is quite favorable in the industry. However, for high-volume traders like me, the Royal Account with spreads from 0.2 pips, although attractive, also has a $2 commission per lot, which could add up quickly. Overall, I find the spreads reasonable, but I would also take into account the commission charges for higher-tier accounts. To get the best value, I would evaluate whether the commission structure aligns with my trading volume.