- What is Lowest Spread Broker?
- Lowest Spread Forex Brokers
- What determines the Spread in Forex?
- How do you bet the Spread in Forex?
- Lowest Spread Brokers List
What is Lowest Spread Forex Broker?
Lowest Spread Brokers ranked to offer low costs and Spreads compared to other industry offerings. Lowest Spread for EUR USD pair based on our research is around 0.1-0.9pips without commission charge, while the average EUR USD spread is 1.2 pips based on our research data.
- However, the question might be tricky, you should check full pricing, not only the spreads and take into consideration all fees including spread, swap or overnight fee, commission charges, non-trading fees, deposit fees or withdrawal fees, as well as inactivity charges.
Read about Spread via Wikipedia and see our important notes below.
What is a good spread in forex?
Spread | Low Spread ranges for EUR USD 0.1- 0.9pips |
Commission | No |
Leverage | Yes |
Positions | Sell and Buy |
What is Lowest Spread Trading Platform?
Based on our analysis and research it is not about the Trading Platform but the Broker offering or account conditions you trade. Fees and Spreads always depend on the Broker Account type, while fees might be built into a spread or offered on a commission basis.
So lowest spread Broker or Platform is ranked as best for Standard Accounts with Spread basis fees, besides, floating and fixed spread are also different. So based on the strategy you use it is not about lowest fees themselves you need to check but which conditions but be more suitable for you trading need.
See some of our important notes on Lowest Spread below:
- First of all, check carefully all the conditions of Lowest Spread as the broker may charge an additional fee as a commission per trade.
- Since Forex trading is very demanded now, Broker keen to keep trading fees on Low levels to make its proposal attractive, however not only Low fee determine Good Broker
- Select only among reputable and well-regulated brokers, to ensure safety of funds and fair trading conditions, since brokers may fake the truth
- Depending on the trading style, strategy, expertise and operation size the definition of Lowest Spread and trading conditions is very different for each trader along with minimum deposit . Alike fixed spread is higher but might be better for beginners, also for long term strategies since aboiding high fees during volatile times.
- Low spread is crucial for scalping or hedging strategy, as itβs lowering the cost since the methods perform a lot of open and close positions during the session. Yet, the traders that hold long-term position may require fixed spread or commission basis, as it eases calculations on costs
Lowest Spread Advantages | Lowest Spread Disadvantages |
---|---|
Potentially Lower Costs for Trading | Only low spread doesnt determine low fees overall |
Reduced Trading Fees | Low spread doesnt mean better Broker |
Low Spreads are attractive for Traders | Lowest Spread based on the strategy |
Lower Spreads means price is close to Interbank quotes | Lowest Spread is not 0 pips |
Low spreads Brokers are good for Auto trading and Robot Trading | Floating spread is not stable Low, can be very high at times |
Allowing to run scalping and hedging successfully | During volatile conditions spreads much higher |
Best Lowest Spread Forex Brokers
Here we made a selection of Lowest Spread Brokers by category with some of the best-reviewed by our experts trading conditions, trustable standards and quality operation overall together with Low Spreads for Standard accounts:
- HFM β Best Overall Lowest Spread Broker 2023
- BlackBull Markets β Best Lowest Fixed Spread Broker 2023
- FP Markets β Best MT4 Lowest Spread Broker 2023
- Pepperstone β Best for Beginners Lowest Spread Broker 2023
- BDSwiss β Best EA Trading Lowest Spread Broker 2023
What determines the Spread in Forex?
Spread is a difference between sell or buy price determined by the two parts, first is interbank spread for currency pair and second part is trading broker markup, since brokers adds on some margin above the interbank or raw spread, usually representing a brokerβs cost.
How do you bet the Spread in Forex?
Spread bet is available only in the UK, where traders choose the direction of price up or down, which also does not mean 0 or free Spread trading. Mainly, Spread Betting Brokers offer an opportunity for traders to use other trading option rather than release for
Which Broker has the Lowest Spread?
Based on our research Brokers with low spreads compared to others are ActivTrades, CMC Markets, Capital.com however check full conditions and instrument trading fees you wish to trade, also entity under which you will trade.
List of Forex brokers with Lowest Spread
See our list of Forex Brokers with Lowest Spread conditions based on our ranking and findings:
Broker | Detail | |
---|---|---|
HFM |
Min. Deposit: 5 US$
Max. Leverage: 1:30 | 1:1000
Trading Platforms: MT4, MT5
Regulation: CySEC, FCA, DFSA, FSCA, FSA, CMA
|
1
|
BlackBull Markets |
Min. Deposit: 0 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5
Regulation: FMA, FSA
|
2
|
FP Markets |
Min. Deposit: 100 US$
Max. Leverage: 1:30
Trading Platforms: IRESS, MT4, MT5
Regulation: ASIC, CySEC, St. Vincent and the Grenadines, FSP
|
3
|
Pepperstone |
Min. Deposit: 200 US$
Max. Leverage: 1:30 to 1:400
Trading Platforms: MT4, MT5, cTrader, TradingView
Regulation: ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN
|
4
|
BDSwiss |
Min. Deposit: 100 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5, BDSwiss Webtrader and App
Regulation: FSC, FSA
|
5
|
Mitrade |
Min. Deposit: No minimum deposit
Max. Leverage: 1:30 | 1:200
Trading Platforms: Mitrade Trading Platform
Regulation: ASIC, CIMA, FSC
|
Mitrade Review |
FXChoice |
Min. Deposit: $100
Max. Leverage: 1:200
Trading Platforms: MT4, MT5
Regulation: FSC
|
FXChoice Review |
FBS |
Min. Deposit: 1 USD
Max. Leverage: 1:3000
Trading Platforms: MT4, MT5, FBS trader
Regulation: CySEC, FSC, FSCA, ASIC
|
FBS Review |
Globex360 |
Min. Deposit: $25
Max. Leverage: 1:100 | 1:500
Trading Platforms: MT4
Regulation: FSCA
|
Globex360 Review |
Fusion Markets |
Min. Deposit: No minimum deposit
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5, DupliTrade, Fusion+, Myfxbook AutoTrade
Regulation: ASIC, FSA, VFSC
|
Fusion Markets Review |