Experiences with liquidity depth and execution for non-major FX pairs through prop firms?
Been trading $EURUSD and $GBPUSD for a while, mostly with retail brokers then graduated to a prop firm. The execution and spreads on the majors are generally solid, no real complaints there. But I'm starting to look at some more exotic crosses, things like $AUDCAD or even some of the Scandis, and I'm wondering about the practical realities.
Specifically, what have others experienced in terms of liquidity depth and slippage when trading larger clips of these non-major pairs through various prop firm setups? Are the aggregated feeds through their tech stacks generally robust enough, or do you start to see noticeable degradation in fill quality once you step away from the absolute top-tier pairs? Also curious about the consistency of spreads during volatile periods for these less liquid instruments. Any insights or shared experiences would be appreciated.
That's a good question. I've found that even with prop firms, when you start getting into the less liquid pairs, the spreads can widen significantly during volatile periods, making it tougher to hit your targets. Have you looked at the average daily volume on those specific crosses you're eyeing?