I guess it makes a big difference, just think about you getting to grab some good pips, for me it happens better a 5 digit pip. Or either if you're scalping, I guess this a pretty good feature.
Ok thanks pip-s wife. That makes me think about some good options.
5 pips digits is not intended to give traders a better grasp of market prices.
This is just a features that banks (who give prices to forex brokers to trade on) started to provide a while ago, and the brokers naturally followed up.
So I would be careful If I see a broker with only 4 digits, this would simply means that their price transparency is further reduced.
Good luck with your research.
I've had seen several brokers with only 4 digits on their spreads, for me this 5 digit spread represent a better way of helping traders to gain pips. I didn't even know it was something offered by banks though there are a few reputable brokers only offering 4 digits on their spreads.
I read that there a some of them who offer a 4th digit on the pip spread, but there is one, TVF, who offers 5… What’s exactly the difference?? Which one is the best?? Thank yo
Fractional pips just gives the trader a finer resolution on pricing. For example some broker will quote the EUR/USD at 1.2942 and others will quote 1.29423. It can lead to better pricing sometimes.
Thank you! I want to learn, practice and trade with the best… Your posts are helping me so much
I didn’t know this, of course this is a big difference in the market, can be EXACTLY what we need, especially for beginners that have to work with more numbers than others.
I've come to the conclusion a better pricing and a 5 digit spread may be better for my strategy.
I've come to the conclusion a better pricing and a 5 digit spread may be better for my strategy.
Well, sometimes 4 digits are enough...
Well, sometimes 4 digits are enough...
By no means...
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Hi. I’ve been reading about forex, and I know I’ll need to get a good broker. So, I have a question. I hope you guys could help me with the answer: I read that there a some of them who offer a 4th digit on the pip spread, but there is one, TVF, who offers 5… What’s exactly the difference?? Which one is the best?? Thank