FXCBS has gained a reputation over the past years as the best Spread providing broker, this specification has attracted many investors & traders to choose FXCBS as their prime broker. FXCBS receives liquidity & quotes from more than 40 liquidity providers such as Tier 1 Banks, Prime Brokers & ECN Portals.

All the quotes stream into FXCBS Price Engine (Aggregation Server), where constantly the prices are into a filtration process in order to chose the best quote for BID & ASK. (See the table below).

In this process our price engine receives quotes from different liquidity providers with all the BID & ASK prices, in the example above an example is set on GBP/USD, where as you can see the BID prices and the Ask prices and the spreads on each. But due to the filtration process the client sees the aggregated feed of 0.4 pips. Which is a result of taking the BID quote from ‘Bank 4’ & the Ask quote is taken from ‘Bank 3’.

Why are spreads important?

Spreads are the way that the client pays the cost of transaction to the bank. Once the client opens a trade he is in negative due to the transaction cost he just paid which is the spread. Please note that in this case where is the ‘RAW SPREAD’ in which the aggregated feed is passed onto the client terminal, FXCBS hasn’t added up any charges in order to generate revenue.

Depending on the account type, traders will either pay commissions per volume traded to FXCBS or the commission will be added on the spread.