Fixed Spread Retail Brokers-
First the Pluses
Fixed Spreads (except news time)
Guaranteed Stops & Limits (except news times)
Guaranteed fills (excepts news times)
Low initial deposits
Now the Negatives-
Way to much leverage
Many re quotes
Low initial deposits
Encourage traders to over trade
Trade against you
ECN or commission based Brokers
Pluses
Very low spreads during non-news times
small initial deposits
Don't trade against you
No re quotes
Live interbank feeds allowing you to set your own price. Trading between spreads.
Negatives-
Commission can nullify spread savings
No guaranteed fills at anytime
No guaranteed stops or limits at anytime
Gaps in price will murder you.
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