Forex brokers quotes comparison

All quotes in this section are displayed in a real-time mode that allows traders to monitor long-term and short-term market movements and react to them timely.
GuruTrade offers the opportunity to compare Forex quotes of different brokers on various trading tools - the Bid-Ask prices. All quotes presented in the table are updated automatically in the online mode, providing the most up-to-date information.
Major Currency Pairs
Cross-rates
Exotic Currency Pairs
Metals

To make an effective evaluation of the events occurring in the market, it is important to monitor relevant currency quotes in real-time mode. Currency pairs quotes represent the ratio of two currencies cost expressed in a value of one of them through the price of another. Quotes of all currency pairs have two prices - selling and purchase price (bid and ask price). The difference between these prices it is called spread and represent the main source of profit for brokerage companies.

How Currency Quotes Are Formed?

Changes of currency quotes in the Forex market depend on the level of supply and demand. They are also highly influenced by the larger world banks. The foreign exchange market has such kind of structure that doesn't have centralized segment through which all participants would perform the transactions. The absence of a single marketplace explains that fact that currency quotes can insignificantly differ at various Forex brokers. These distinctions arise because different brokerage companies have as a part of the liquidity supplier pool, various prime brokers and aggregate price flows from different banks. Respectively, on the Forex quotes chart of one broker price values very seldom match the price of the same currency pair in other brokerage company.

Forex Currency Quotes Monitoring

The trader should always have quick online access to the currency quotes to make reasonable and well-targeted trading decisions. Offering access to the current quotes of the Forex market, brokerage companies offer to the trader the possibility to watch current market movements that allow him to form the right forecast of further situation development. Up-to-date online quotes of the Forex market are available both in the trading platforms of the companies and on the official websites of brokers. It is necessary to mention that in certain cases the quotes placed on official broker portals lag behind real values because of updating delays. Therefore, to get the most high-quality Forex quotes is recommended to use trading terminals. Forex currency quotes in the real-time mode play a key role in the daily work of any trader, requiring the very close attention. After all, both the income and loss of each trader will depend directly on the forecasts build on the basis of quotes changes.

Please, note that even though best quotes are very important when choosing a broker, they are in no way a representation of the quality of broker’s features.