I will start off by saying this is not a criticism, but a real concern I have. I am raising this because I would like to think it’s something that can be improved on by Darwinex. I think Darwinex kicks ass in many areas, but spread is unfortunately one area that I feel can do with some improvement.
Please also don’t confuse this message of mine as someone who is trying to take a scalping trade (as many of you know I have a history in scalping). I am in fact considering taking a trade with a pretty large stop on the GBP/CAD pair, however, I just do not feel I can justify paying 25 pips in spread for me to take the trade.
I realise the market has opened only 40 minutes or so ago, but still, spreads this wide would make it quite tricky to trade the best of strategies. I also stress that I appreciate that GBP/CAD is hardly well known for it’s exceptional spreads.
15 minutes after market open the spread on this pair was still 40 pips.
I would therefore like to ask what can be done to improve this? My intention is not to start comparing brokers, so it’s really a case of asking what can Darwinex do in this area? I guess the spread is being passed on by the LPs as the difference between the bid/ask prices, however, I assume there are opportunities in the form of aggregated liquidity etc?
I would be keen to hear others’ experiences, and also from Darwinex on whether there is something in the pipeline to improve a little here?
We are now 50 minutes into market open and back up to 32 pips as shown below.