Bid and Ask with so much difference

[ervin]

Hi,
I have registered with forex.com to try data provider with them.
I use USTECH100 as symbol because I searched Nasdaq and that was that shows up.
But when I put a Long Market Order the price is 15459.75 and the position is 15460.
Is it Ok? or is too much.(see the picture)

[NinjaTrader_Manfred]

Hello ervin,

Thank you very much for your post.

With Forex instruments, this spread would, unfortunately, be expected. In short; Any time you open a position in a Forex instrument, you open with a loss as the bid and ask spread is generally much larger than it would be for any other instrument type.

For some further information, please take a look at Forex.com's publicly available information below:

https://www.forex.com/en-us/glossary/bid-ask-spread/

Please don't hesitate to let me know, should you have any further questions!

[ervin]

Thank you,
What other broket can I connect with less spread?

[NinjaTrader_Manfred]

Hello ervin,

Thank you very much for your reply.

As Forex instruments are not traded on a centralized exchange, you would always experience a significant spread when trading these instruments.

As other instrument types don't experience such a spread, the only option would be to trade e.g. Futures or Equities instead.

For a full list of all supported brokerages and datafeed providers, and the instruments they offer, please see below:

https://ninjatrader.com/support/helpGuides/nt8/NT%20HelpGuide%20English.html?data_by_provider.htm

Please don't hesitate to let me know, should you have any further questions!