Anyone recommend a decent Broker for trading Gold with a narrow spread


Thanks

Yep I am interested to.

And maybe one you can fund with e-gold would be great

The only one I know that has gold trading and accepts egold for deposits is North Finance. The spread is 50 pips.

Try NF. They are reliable too!

Yap for E-gold NF is best.. But 1 pip spread for all major currencies available at http://www.crownforex.com .. i m using them for 4 months for now.. But don't forget they have margin call at 30%.. and they don't allow Expert advisers for scalp traders.
Happy weekend.

Hey Spottrader, have you been trading their platform during NFP? How does it behave then?, does it freeze?, how much do they widen spread?, do they allow straddle trades?

It also seems that they do not charge overnight interest, is that correct, so shorting gbp/jpy overnight does not cost anything with them, right?

Thanks for your input,

Regards

NF seems to run fine during NFP although it's been a long time since I manual opened or closed a trade at news time. I usually just hit my targets. The last NFP, NF widened e/u and g/u spread to 10 pips but not before a warning that they would do so since before they usually would not widen the spread more then 3 or 4 pips at NFP release.

Yes they allow stradlles but straddles being straddles, you will get some and other times get pwned when both straddles are entered and hit stop loss.

A swap free account is available on request but only for Muslims.

Hi,

I choose NF for commodity and CFD trading...

Previously u said they offer swap free to all people?



Hmm...I wonder how can they still be able to offer IB if they only have 1 pips spread. Oanda don't have IB because of low spreads.

They would up the spread for clients of IB's most probably. That or they dont have IB's.

Most brokers up spread for IB's in order to pay them. Like at fxlq, client spread 2 IB spread 4 for eur/usd.

NF changed their policy from making it muslims only for swap free to anyone swap free. This was I believe because everyone was saying they are muslim.

woohoo

I made a demo account and the spread is 80 pips

80 pips on something that moves 1000 pips daily isnt much.

It must have changed sine the last time I looked. Sorry about that

YEs During the NFP no problem with them.. even i had with IBFX.. i used IBFX before but in Jumping market like "NFP" IBFX don't Gurantee any pending orders.. So i changed my broker. you can read this all in my blog as well.
Yes they don't have swap.
They have fixed spread on all major currencies that is 1 pip spread.
hope it's clear
For further asistance you can contact their live Support..
See ya..
Happy trdaing Day.

i think he meant crownforex offer 1 pis spread.. not NF

exactly ..
Spread Is fixed"
For shorting the Yen You will need to work under the following conditions.

1- Zero commissions
2- No Swaps
3- Margin requirement is set at USD 10,000 Cash deposit per open position
(fixed).
4- Liquidation is set at 30% margin level.
5- Usable margin are the lower rate of the (Balance/ or equity)

Easy Forex also allow Gold trading.

Do you mean going short USD/JPY, GBP/JPY and EUR/JPY on those conditions will not have you to pay overnight swap?

yes no swap..

That sounds actually to good to be true, I have paid allready more then 1k swap over the period that I am trading with my current broker.

What is their margin policy? EDIT-> just saw it (30% margin call)

+ they don't allow scalp trading.. and EA not allow for Scalp trading as well.
By their policy any trade under 7 pip will be scalp for them..
So they wil keep watching at trades.. if they find that heaps of trades are under 7 or 8 pip.. so they will close account and will send money back..

I am fine as long as they accept 10 pips scalps.

Hmm...even 1 pip after few days also considered scalping?

Nope.. .

I am glad that most peope said the NF is serving the traders well. I am using Marketiva and Real trader for my broker

NF is good Broker i am IB there and give some offers to who use NF