MyFxBook now allows you to compare broker spreads, in real time from several different brokers; a really neat feature which you can try right here. The list currently counts 37 different brokers and 53 different currency pairs, and I am sure this will be a real eye-opener for a lot of traders.
If you for example look for a broker with tight spreads around news releases, using this new tool on MyFxBook will be the perfect solution, compared to that of creating a live account with several different brokers and manually monitor real time spreads.
MyFxBook made the tool easy to use in spite of rapidly changing rates, by adding some colors to particular low and high spreads, so you easily can see how performs the best and the worst.
Keep in mind that low broker spreads in only part of the equation. Tight spreads won’t matter much if execution is slow or if commission is high, for example. However, it’s still an important aspect and MyFxBook´s new tool is the perfect way for you compare spreads before you chose your next forex broker.
Vist MyFxBook and start comparing spreads from various brokers.