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Retail Forex Pricing Has Commoditised at the Spread Level in Both Australia and the UK, and the Remaining Competition Has Moved to Commission and Execution Quality
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The Rising Popularity of Raw Spread Accounts Are Changing The GameThe idea behind a raw spread account is that the market spread and the broker's commission are displayed separately.
This is why forex commission is now one of the important battlefields on comparison sites like compareforexbrokers.co.uk, because those are numbers that brokers can change in significant ways.
But, just like when traders are attempting to evaluate the value of low spreads, forex commission should not be viewed in a vacuum.
Traders should examine both spread and commission and focus on the entire cost of making a trade, not solely the spread or commission.
Differentiation By Execution QualitySome brokers are able to differentiate themselves in the market by providing a higher level of execution quality for trades.