Prop firm's effective spreads vs. stated - what's your experience?
Been looking closely at a few prop firms recently, particularly around their effective spread structures. Some advertise tight spreads but then when you factor in their commission models, or what looks like slippage on larger orders, the all-in cost can be significantly higher than a direct broker. Curious what others have found here. Is it just the nature of the beast with their liquidity providers, or are some firms genuinely better at passing on tighter interbank rates?
I've seen the same thing. Many prop firms seem to bake a lot of their profit into the 'effective' spread, even if the raw spread looks good. It makes it tough to compare apples to apples.