TradeProofer Weekly Recap
Hi traders, last week spreads on major FX pairs tightened, and Fusion Markets had the #1 spread average for XAUUSD, knocking Think Markets out of the #1 spot.
IC Markets #1.
IC Markets holds on to the #1 spot, with Blueberry Markets & EightCap following up with tight spread averages.
FP Markets #1.
FP Markets takes the lead, with Go Markets and TMGM lagging behind. These 3 brokers have held the top 3 ranks for some time now!
Fusion Markets #1.
Fusion Markets knocks Think Markets out of the #1 position. TMGM follows up just behind, with a 10.2 cent spread average.
EURUSD Spread Index
Last week TradeProofer’s EURUSD Spread Index decreased for the first time in 5 weeks.
The tightest EURUSD spread average for the week was 0.035 pips from IC Markets Raw.
Generally ECN accounts improved EURUSD spreads last week, and Vantage FX significantly improved their EURUSD spread w.o.w, accounting for a significant part of the Index’s move.
Our Industry index is compiled from 10 FX price feeds:
IC Markets Raw, Fusion Markets Zero, FP Markets (First Prudential Markets) Raw, TMGM Edge, Global Prime No Commission, Eightcap Raw, Pepperstone Razor, Axi Pro, GO Markets Plus, and Vantage FX Raw.