Skip to content
Country Flag US
Select Country
Country selection We will display only brokers and information that is relevant to your country.
Currently selected country
Select a different country
Language See the content translated in your language.
Save country & language and close
Home » Best forex brokers with variable spread

Best forex brokers with variable spread

in United States

Variable Spread Forex Brokers offer spreads that fluctuate based on market conditions, providing traders with potentially lower costs during periods of low volatility. This type of spread is particularly appealing to traders who seek the most competitive pricing, although it can also lead to wider spreads during high volatility.

Country
Any
Rating
Any
Bonuses
Any
Regulated
Any
All filters
Clear
Order by
OANDA
trusted
1
OANDA
13 customer reviews
Rating
3.9
/ 5
Expand
  • Exceptional Execution
  • US Clients
  • Scalping
Pros

  • OANDA is among the few international online forex brokers that accept U.S. clients.

  • The broker’s trading platforms are unique with features of various valuable tools and resources, including the famous Dow Jones Forex Select news and trading calculators.

  • OANDA does not require a fixed initial deposit on the standard account.

Cons

  • OANDA’s financial offerings have some irregularities that may only suit some traders

  • -Trading on OANDA may incur several fees, including a monthly inactivity fee

  • Withdraw feeN/A
  • Deposit feeN/A
  • Max Leverage1:50
Start trading
Add to compare list
Fullerton Markets
2
Fullerton Markets
17 customer reviews
Rating
3.9
/ 5
Expand
  • Specialized trading accounts
  • 24/7 instant money withdrawal
Pros

  • Competitive spreads start from 0.1 pips on major currency pairs.

  • Leverage up to 1:500 for the Standard account.

  • Multiple payment methods, including bank wire transfers, credit/debit cards, and online payment systems such as Skrill and Neteller.

Cons

  • Restricted to residents of certain countries, including the United States, Canada, and others.

  • No Regulation by a tier-1 financial service regulator.

  • Scalping is restricted, which may not suit traders who employ this strategy

  • Withdraw feeN/A
  • Deposit feeN/A
  • Max Leverage1:500
Start trading
Add to compare list
Interactive Brokers
3
Interactive Brokers
3 customer reviews
Rating
4
/ 5
Expand
  • 24/7 instant money withdrawal
Pros

  • Unparalleled Market Access 

  • Competitive Pricing 

  • Advanced Trading Tools

Cons

  • Steep Learning Curve

  • Customer Service Could Be Better

  • Withdraw feeN/A
  • Deposit feeN/A
  • Max LeverageN/A
Start trading
Add to compare list
IG Group
4
IG Group
3 customer reviews
Rating
4.1
/ 5
Expand
  • Free VPS hosting
  • Specialized trading accounts
  • 24/7 instant money withdrawal
Pros

  • Highly Regulated and Trustworthy

  • Competitive Spreads on Major Pairs

  • Fast Execution Speeds

Cons

  • Limited Asset Classes

  • Withdrawal Fees for Wire Transfers

  • Educational Resources Not Fully Developed

  • Withdraw feeN/A
  • Deposit feeN/A
  • Max LeverageN/A
Start trading
Add to compare list
UnitedPips
5
UnitedPips
0 customer reviews
Rating
3.7
/ 5
Expand
  • Specialized trading accounts
  • PayPay for deposit
Pros

  • High leverage options (up to 1:1000) for experienced traders.

  • Multiple account types to suit different trading needs.

  • User-friendly platforms, including mobile trading.

Cons

  • Limited information on regulatory licensing and oversight.

  • Located in St. Lucia, a jurisdiction that may raise regulatory concerns.

  • Lack of detailed information on fees or additional charges.

  • Withdraw fee$0
  • Deposit fee$0
  • Max Leverage1:1000
Start trading
Add to compare list
Mirrox Broker
6
Mirrox Broker
0 customer reviews
Rating
3
/ 5
Expand
  • Specialized trading accounts
  • Affiliate Program
Pros

  • One of the main advantages of Mirrox is the variety of account types it offers. This allows traders to choose an account that fits their trading experience and style, from beginners to more advanced users.

  • Mirrox provides a maximum leverage of up to 1:400, which can be appealing for those who want to maximize their trading opportunities. This high leverage enables traders to control larger positions with a smaller investment, though it’s important to remember that it also increases the risk.

  • The broker ensures multiple ways to reach support, including live chat, email, and phone. This accessibility is bolstered by 24/7 availability, meaning traders can get help whenever they need it, regardless of their time zone.

Cons

  • Mirrox does not currently offer a mobile trading app, which could be inconvenient for traders who prefer to manage their trades on the go.

  • The platform lacks social or copy trading features, which are popular among traders who like to follow or mirror more experienced traders’ strategies.

  • Mirrox operates with a single trading platform (WebTrader), which might not appeal to traders who prefer using other popular platforms like MetaTrader 4 or 5. The lack of platform choice can be limiting for those who are used to other trading software or want to try different interfaces.

  • Withdraw fee3.5%
  • Deposit fee$0
  • Max Leverage1:400
Start trading
Add to compare list

Variable spreads, also known as floating spreads, change dynamically with market conditions. Unlike fixed spreads, which remain constant regardless of market activity, variable spreads widen or narrow depending on factors such as liquidity, volatility, and trading volumes. During times of low market volatility, variable spreads can be narrower, offering traders more cost-effective trading. However, in times of high volatility or low liquidity, spreads can widen, increasing trading costs.

Key Metrics to Consider with Variable Spreads

Average Spread

The typical spread a broker offers during normal market conditions. This can give traders a good idea of the usual trading costs they can expect.

Minimum Spread

The lowest possible spread a broker can offer, usually seen during periods of high liquidity.

Maximum Spread

The highest spread that might occur during periods of extreme market volatility, which is crucial for risk management.

Commission

Some brokers charge a commission on top of variable spreads, particularly with ECN accounts. It’s important to factor in both spread and commission to calculate the total trading cost.

Execution Speed

The speed at which orders are executed can impact the effectiveness of trading with variable spreads, especially during fast-moving markets.

Examples of Brokers Offering Variable Spreads

IC Markets

Known for its low variable spreads and fast execution, IC Markets is a popular choice among scalpers and day traders.

Pepperstone

This broker offers competitive variable spreads across a wide range of currency pairs, with the added benefit of excellent customer service and robust trading platforms.

FXTM (ForexTime)

FXTM provides variable spreads on its Standard and ECN accounts, making it a versatile option for different types of traders.

OANDA

OANDA offers variable spreads with no minimum deposit requirement, appealing to both beginners and experienced traders.

Admiral Markets

Admiral Markets provides variable spreads with additional tools and educational resources, catering to a broad audience of traders.

Conclusion

Variable spread brokers offer a flexible trading environment, adapting to market conditions to provide the best possible pricing. However, traders must be aware of the potential for spread widening during volatile periods, which can impact trading costs.