I have noticed with a number of the big banks pulling out of the FOREX market, a number of CFD providers are moving from a fixed spread on the AUD/USD of 2 pips to a variable spread that widens to 4 pips. From what I see the spread is now 4 pips at all times. This becomes a pretty expensive trade and erodes the trading profits by a great deal. I was wondering if anyone knows of a CFD provider who offers a fixed 2 pip spread on the AUD/USD and who allows you to hold your account funds in AUD ?
Thanks in advance to anyone who has some thoughts or ideas on this.