Prop Firm Spreads and Execution Slippage
Hey everyone, been grinding away at a few prop firm challenges lately, and something's really been nagging at me: the spreads and, more critically, the execution slippage, especially on more volatile pairs like $GBPUSD during news. I get that they have their own cost structures and want to take a cut, but it feels like some firms are significantly wider than what I'd see on a typical retail broker account.
It's not just the static spread either; I'm seeing a lot of slippage on market orders, and sometimes even on limit entries that get touched during fast moves. It makes scalping or even just tighter entries during momentum pushes incredibly difficult, often wiping out a good chunk of the intended risk-to-reward before the trade even has a chance. Just wondering what others' experiences have been regarding this. Are certain firms noticeably better or worse in terms of execution quality and spreads? And what's your strategy for mitigating it without completely changing your approach?
It's a common complaint. Many prop firms seem to widen spreads considerably during news events, which can make hitting targets and managing risk much harder. Have you tried comparing your execution reports to other firms or even a standard retail account?