Navigating the Post-Pandemic Brokerage Landscape: Spreads & Execution
Hey everyone, just wanted to throw something out there for discussion, particularly for those of us trading various assets, not just forex. I've been feeling a notable shift in the brokerage landscape since 2020. Before then, I felt like you had a clearer picture of where to get consistently tight spreads and reliable execution across the board. Now, it seems like some of the larger, more established players have either widened their spreads significantly on certain pairs or commodities, or their execution has become less predictable during key news events – even with decent liquidity.
It's made me question the long-term viability of sticking with a single broker for everything. I'm finding myself increasingly considering using different platforms for different asset classes ($EURUSD vs. $BTC vs. Oil futures, for example) to optimize for both cost and execution. How are others experiencing this? Are you noticing increased slippage or less competitive spreads post-pandemic? And for those who have diversified their brokerage relationships, what's been your experience with managing multiple accounts, especially regarding onboarding and KYC? It feels like the friction points have definitely increased.
I've seen the same thing, especially with what were once reliable brokers. It's almost like they've diversified their revenue streams away from purely competitive spreads, or perhaps the backend liquidity has just gotten choppier. What specific asset classes are you seeing the biggest decline in quality for?