Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.

Low Spread Forex Brokers

Lowest spreads forex brokersThe term ‘spread’ is very common on the lips of any experienced forex trader and one which new traders need to become familiar with. A spread is simply defined as the difference between the price at which a currency pair is bought and that at which it is sold. The spread is the cost paid to the Forex broker for allowing the trader access to the currency trading market. Forex brokers with the lowest spread are usually the post popular ones among traders.

There are two practical explanations, it means that every Forex transaction entered into will be making a loss equivalent to the spread and that each time the trade is done and this amount is added to losing trades but deducted from winning trades. A low spread means that the cost of trading is low whether you’re dealing with a Market Maker or Electronic Communication Network Forex broker. If you are looking for Forex brokers offering the lowest spreads - check the table below.

  • Key information
  • Trading
  • Payment systems
  • Trading platforms
  • Trading instruments
  • Support
  • Trading accounts
  • Account settings
  • Spreads
  • Promotion
Filter
Company#LogoForex brokerFoundedRegulatedReviewsPayment systemsBroker type(?)Min. DepositMax.
leverage
Live spread
Interval:
Live
spread
EUR/USD
Live spread
Interval:
Live
spread
GBP/USD
Live spread
Interval:
Live
spread
USD/CHF
Live spread
Interval:
Live
spread
USD/CAD
Live spread
Interval:
Live
spread
USD/JPY
Live spread
Interval:
Live
spread
AUD/USD
Live spread
Interval:
Live
spread
NZD/USD
Live spread
Interval:
Live
spread
EUR/AUD
Live spread
Interval:
Live
spread
EUR/CAD
Live spread
Interval:
Live
spread
EUR/CHF
Accepting US traders?Account
Forex.com1Forex.combest broker2001
FCA, CFTC

Regulated

29

Payment systems

ECN, MM
100 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A1
eToro2eToro2007
ASIC, FCA
43

Payment systems

NDD, STP
50 $-N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A1
IG3IG1974
ASIC, FCA
11

Payment systems

DMA, MM
0 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A1
TD Ameritrade4TD Ameritrade1975
FINRA, SIPC
4
DMA
2000 $1:50N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A1
Saxo Bank5Saxo Bank19929

Payment systems

ECN, STP
10000 $1:100N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A1
LMFX6LMFX2015-23

Payment systems

NDD
50 $1:1000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
OANDA7OANDA1996
ASIC, FCA
11

Payment systems

-0 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A1
CMC Markets8CMC Markets1989
ASIC, FCA
15

Payment systems

NDD, STP
0 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Interactive Brokers9Interactive Brokers1977
FCA, CFTC

Regulated

7

Payment systems

MM
10000 $1:40N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A1
City Index10City Index2001
ASIC, FCA
4

Payment systems

NDD, ECN
250 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
TradeStation11TradeStation1988
FCA, CFTC

Regulated

6
DMA
5000 $1:50N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
FxGlory12FxGlory2012-8

Payment systems

NDD, MM
1 $1:3000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
XM.COM13XM.COM2009
ASIC, IFSC

Regulated

69

Payment systems

MM
5 $1:30N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Capital.com14Capital.com2016
ASIC, FCA
33

Payment systems

MM
20 $1:100N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
RoboMarkets15RoboMarkets2012
CySEC
12

Payment systems

NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
  • MM
100 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
EXNESS16EXNESS2008
FCA, CySEC
70

Payment systems

NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
  • MM
0 $1:2000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Libertex17Libertex1997
CySEC
63

Payment systems

MM
120 $1:30N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
AXITrader18AXITrader2007
ASIC, FCA
10

Payment systems

NDD
0 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
JustForex19JustForex2012
IFSC
16

Payment systems

ECN, STP
0 $-N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
XTB.com20XTB.com2002
FCA, CNMV
3

Payment systems

NDD, STP
250 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
RoboForex21RoboForex2009
IFSC
15

Payment systems

NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
  • MM
0 $1:2000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Forex4you22Forex4you2007
FSC
29

Payment systems

NDD, STP
20 $1:1000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
NordFX23NordFX2008
SEBI, VFSC
97

Payment systems

NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
0 $1:1000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Plus50024Plus5002008
ASIC, FCA
36

Payment systems

NDD
100 $1:300N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
HYCM25HYCM1977
FCA
99

Payment systems

MM
100 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
FBS26FBS2009
IFSC, NAFD
78

Payment systems

ECN, STP
1 $-N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
FxPro27FxPro2006
FCA, CySEC

Regulated

69

Payment systems

NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
100 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Swissquote28Swissquote1996
FINMA
17

Payment systems

STP
1000 $1:100N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
FXCM29FXCM1999
ASIC, FCA
17

Payment systems

NDD
0 $1:100N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Admiral Markets30Admiral Markets2001
FCA, CNMV
18

Payment systems

NDD, ECN
0 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
AVATrade31AVATrade2006
ASIC, CBI
56

Payment systems

NDD
100 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
IQ Option32IQ Option2013
FSA
5

Payment systems

NDD
10 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
FxGiants33FxGiants2015
FCA
6

Payment systems

ECN, STP

Broker type

  • ECN
  • STP
  • MM
50 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Vantage FX34Vantage FX2009
ASIC
3

Payment systems

ECN
200 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Instaforex35Instaforex2007
RAUFR
74

Payment systems

NDD, ECN
1 $1:1000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Alfa-Forex36Alfa-Forex2016
CBR
12

Payment systems

NDD
0 $1:40N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
FIBO Group37FIBO Group1998
FSC, CNMV
15

Payment systems

NDD, MM
0 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Alpari38Alpari1998
IFSC, NAFD
38

Payment systems

ECN
0 $1:1000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Markets.com39Markets.com2006
CySEC
6

Payment systems

NDD
100 $1:300N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
FXOpen40FXOpen2005
ASIC, FCA
68

Payment systems

ECN, STP

Broker type

  • ECN
  • STP
  • MM
1 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
GrandCapital41GrandCapital2006
CySEC
13

Payment systems

STP
10 $1:2000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
AMarkets42AMarkets2007
FSA
64

Payment systems

NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
100 $1:1000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Dukascopy Bank SA43Dukascopy Bank SA1998
FINMA
11

Payment systems

ECN
1000 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Dukascopy Europe44Dukascopy Europe2010
FCMC
4

Payment systems

ECN
100 $1:300N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
FP Markets45FP Markets2005
ASIC, CySEC
5

Payment systems

DMA
100 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Just2Trade46Just2Trade2006
CySEC
24

Payment systems

ECN, STP
100 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
DeltaStock47DeltaStock1998
BNB
3

Payment systems

NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
  • MM
100 $-N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
IFC Markets48IFC Markets2006
FSC, CySEC
29

Payment systems

STP
0 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
HotForex49HotForex2010
CySEC, FSC
63

Payment systems

NDD
5 $1:1000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
IC Markets50IC Markets2007
ASIC
14

Payment systems

NDD, ECN
0 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
FXDD51FXDD2002
MFSA
3

Payment systems

NDD, ECN
250 $1:50N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Finpari52Finpari2013
CySEC
1

Payment systems

NDD, STP
100 $-N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
ActivTrades53ActivTrades2001
FCA, CNMV
26

Payment systems

NDD
100 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
AAFX Trading54AAFX Trading2014
ASIC, FSA
181

Payment systems

NDD, ECN
100 $1:2000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
LiteForex55LiteForex2005-33

Payment systems

ECN
10 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
BCS Forex56BCS Forex2006
FSA
2

Payment systems

NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
  • MM
1 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
ForexMart57ForexMart2015
CySEC
12

Payment systems

ECN
1 $1:5000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Binarium58Binarium2012
CROFR
2

Payment systems

-9 $-N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Fortrade59Fortrade2013
FCA, FSCS

Regulated

5

Payment systems

-100 $1:30N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
EasyMarkets60EasyMarkets2001
ASIC, CySEC
11

Payment systems

MM
100 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Orbex61Orbex2010
CySEC
8

Payment systems

ECN
500 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Hantec Markets62Hantec Markets2009
FCA
3

Payment systems

NDD
1000 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
ForexChief63ForexChief2014
VFSC
92

Payment systems

ECN, STP
1 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
ICM Capital64ICM Capital2009
FCA
3

Payment systems

-200 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Octa FX65Octa FX2011
FCA, FSA
28

Payment systems

ECN
100 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Fort Financial Service66Fort Financial Service2010
IFSC
1

Payment systems

NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
5 $1:1000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
BMFN67BMFN1988
ASIC, FCA
10

Payment systems

NDD, DMA
0 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Core Spreads68Core Spreads2014
FCA
5

Payment systems

NDD
1 $1:240N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
NPBFX69NPBFX1996
IFSC
6

Payment systems

NDD, STP
10 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
FreshForex70FreshForex2004
KROUFR
35

Payment systems

NDD, MM
0 $1:1000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
City Index Singapore71City Index Singapore2006
MAS
2
MM
100 $1:50N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Degiro72Degiro2008
FCA, AFM
4
NDD
0 $-N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
GO Markets73GO Markets2006
ASIC
7

Payment systems

NDD
200 $1:300N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Forex.ee74Forex.ee2004
FSA
4

Payment systems

NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
10 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Tickmill75Tickmill2014
FCA, SIBA
9

Payment systems

NDD
25 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Yadix.com76Yadix.com2010
FSC
35

Payment systems

ECN, STP
100 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
FXPRIMUS77FXPRIMUS2009
CySEC, VFSC
10

Payment systems

STP
100 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Swiss Markets78Swiss Markets2012
CySEC
3

Payment systems

STP
200 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
PSB Forex79PSB Forex2016
CBR, NAFD

Regulated

2
NDD
1500 $1:40N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
ICE FX80ICE FX2015-5

Payment systems

STP
30 $1:300N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
FriedbergDirect81FriedbergDirect2008
IIROC
6

Payment systems

NDD, STP
0 $1:33N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
TrioMarkets82TrioMarkets2014
CySEC
6

Payment systems

ECN, STP
500 $1:300N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
iOCBCfx83iOCBCfx2004
MAS
4
NDD
1000 $1:35N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
UOB Kay Hian84UOB Kay Hian2000
MAS
4
NDD
0 $1:50N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
KGI Futures85KGI Futures2001
MAS
4
NDD
1000 $1:50N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
KE Forex86KE Forex1972
MAS
5
NDD
0 $1:50N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Haitong87Haitong2010
MAS
4
NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
0 $1:50N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
FXCitizen88FXCitizen2010
VFSC
4

Payment systems

NDD, ECN
10 $1:1000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Land FX89Land FX2013
FCA, FSCS

Regulated

6

Payment systems

NDD, ECN
300 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Pepperstone90Pepperstone2010
ASIC
10

Payment systems

ECN
200 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
PhillipCapital UK91PhillipCapital UK1975
ASIC, FCA
6
NDD
200 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Ak Investment92Ak Investment1996
SPK
6
NDD, DMA

Broker type

  • NDD
  • DMA
  • MM
1000 $1:100N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
InvestAZ93InvestAZ2010
FSP, SPK
4
ECN
100 $1:1000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Corner Trader94Corner Trader2012
FINMA
4
MM
1 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Abshire-Smith95Abshire-Smith2011
FCA, FSCS
6

Payment systems

STP, DMA
500 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
ArgusFX96ArgusFX2000
CySEC
4

Payment systems

STP
0 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Ayondo97Ayondo2008
FCA, BaFin
4

Payment systems

NDD
100 $1:100N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Bacera98Bacera2009
ASIC
5

Payment systems

MM
0 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
BogoFinance99BogoFinance2006
CySEC
4

Payment systems

NDD
100 $1:100N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Capital Index100Capital Index2014
FCA, CySEC

Regulated

1

Payment systems

NDD, STP
100 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Core Liquidity Markets101Core Liquidity Markets2012
ASIC, FSA
6

Payment systems

NDD
100 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
CMG102CMG2015
ASIC
11

Payment systems

-250 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Colmex Pro103Colmex Pro2010
CySEC
4
NDD, ECN
2000 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Darwinex104Darwinex2012
FCA
5

Payment systems

STP, DMA
500 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
eTrader105eTrader2014
CySEC
8
NDD
100 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Flatex106Flatex1999
BaFin
4
NDD, MM
0 $1:100N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Fullerton Markets107Fullerton Markets2015
FSP
8

Payment systems

ECN, STP
100 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
FX88108FX882016
CySEC
1

Payment systems

ECN
100 $1:50N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
FXCC109FXCC-
FCA, CySEC
45

Payment systems

NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
100 $1:300N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
FX Choice110FX Choice2010
IFSC
5

Payment systems

NDD
100 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
FxGrow111FxGrow2008
CySEC
3

Payment systems

ECN, STP
100 $1:300N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
GMG Markets112GMG Markets2015
FCA
1
NDD, STP
200 $1:100N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
HMS Markets113HMS Markets1972-1
NDD
1000 $1:40N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Infinox Capital114Infinox Capital2009
FCA
4

Payment systems

ECN, STP
100 $1:30N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
iTrader115iTrader2012
IFSC
3

Payment systems

NDD
250 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Mex Exchange116Mex Exchange2012
ASIC
2

Payment systems

NDD, ECN
200 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
FXPCM117FXPCM2007
FSC, DFSA

Regulated

1

Payment systems

NDD, ECN
100 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Rakuten Securities Hong Kong118Rakuten Securities Hong Kong2002
SFC
1
NDD, STP
0 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
RietumuFX119RietumuFX1992
FCMC
4
NDD
1000 $1:300N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
TFI Markets120TFI Markets1999
CySEC
2
NDD
50 $1:30N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Tradealot121Tradealot2010
FCA
4

Payment systems

STP
2000 $1:30N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
FinmaxFX122FinmaxFX2017
CROFR, VFSC
7

Payment systems

MM
250 $1:300N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
CommSec123CommSec1998
ASIC
2
DMA, MM
10 $1:100N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
VTB 24 Forex124VTB 24 Forex2009
CBR, KROUFR
1

Payment systems

NDD
2000 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Finam Forex125Finam Forex1994
CBR, NAFD

Regulated

2

Payment systems

NDD, DMA
0 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
AMP Global126AMP Global2018
CySEC, CFTC

Regulated

4

Payment systems

STP
100 $1:30N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Ingot Brokers127Ingot Brokers2004
ASIC
4
ECN
100 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Alvexo128Alvexo2014
CySEC, SIBA
5

Payment systems

ECN
0 $1:300N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
AETOS129AETOS2007
ASIC
4

Payment systems

NDD
250 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Arum Capital130Arum Capital2017
CySEC
1

Payment systems

ECN, STP
0 $1:30N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
ATFX131ATFX2015
FCA
9

Payment systems

NDD
0 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Key to Markets132Key to Markets2010
FCA, FSP

Regulated

3

Payment systems

ECN
100 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Trading.com133Trading.com2018
FCA
1

Payment systems

ECN
5 $1:30N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
BDSwiss134BDSwiss2012
CySEC, FSC
9

Payment systems

ECN
0 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
ATC Brokers135ATC Brokers2005-1
ECN
2000 $1:100N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
ACY.com136ACY.com2011
ASIC, VFSC
1
ECN, STP
--N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0


0.00
Was the information useful for you?
5 (1)

Lowest spread Forex Brokers - perfect solution for scalping!

Low spreads

The spreads for different currency pairs vary depending on the jurisdiction in which the broker is based as the spread for one broker may be higher than of another. It is wise to look at the spreads for various currency pairs that you intend to trade other than EUR/USD which is the commonly traded pair and usually which brokers offer the lowest spread for. Deciding which forex broker to trade with can be a difficult task. Being able to find the right partner that will charge a fair price to give you access to the currency trading market, secure your investment throughout with appropriate dealings and that will efficiently respond to your concerns isn’t simple more so when dealing with someone online and you never get to meet them “one-on-one” because they may be based abroad.

The major mistake most traders make when choosing a broker is to focus mainly on the cost factor. Many traders look for those that offer ‘the tightest’ spreads available or ‘near zero’ spreads on most major pairs. The reality on ground is that brokers are aware of their cost structures and would never go into such business ventures. A broker’s main target is always to recover costs in any way possible, this means that for every subsidy of spreads they make, they are sure to recover and make up for it somewhere else in terms of other fees possibly, slippage and poor execution, or low-quality customer service and support.

Does the broker type favour low spread offerings?

There exist two main types of forex brokers; ECN brokers and brokers that are market makers. An ECN broker runs the traders orders directly to its liquidity providers to be executed at their prevailing spreads. These fluctuate overtime according to supply and demand but are usually very minimal. Much as they offer lower spreads, the ECNs have various ways through which they recover their costs such as through transaction-based pricing and commissions. Depending on the trader’s style and level of activity, an ECN’s pricing structure may turn out to be lower as compared to the typical market maker broker on the overall.

Market makers on the other hand rely on the ”Bid/Ask” spread to make their income, this is multiplied if the trader chooses to use leverage in their trading strategy. A market maker acts as an intermediary between you, their client, bank or liquidity providers, and prefer to “arbitrage” for profit the spread that they offer to you against what they can trade in the market on their own behalf. The market maker keeps an instantaneous accounting of the “overs” and “shorts” for each currency pair on a daily basis. If he is losing at a certain point, he will slightly increase the spread to compensate the difference over time. However, the market maker’s ultimate objective is to make a specified profit for each pair by the end of the business day.

What to be wary of when choosing a low spread forex broker?

Low spreads and no Comission

Businesses always compete in either providing low costs or offering of quality services. A business cannot offer the most affordable services and not compromise on quality assurance. This means that when a forex broker offers the lowest spreads in the market, then it definitely has to cut back on quality in some other department. It may happen to charge extra fees that will usually be hidden and not easily detected or it may indulge in bad business practices to hide its unscrupulous recovery of costs.

The trader must be concerned how the broker will recover their costs whenever low spreads are offered. The quality of services offered and whether extra fees are being charged are evident if you do your due diligence review and compare the broker’s offers to the competitors’, going through customer testimonials and independent reviews of the broker. The difficulty is identifying a broker involved in bad business practices which are usually covered up leaving you at the mercy of your broker. The only sound course of action to take option you have in such a situation is to halt your business arrangement and withdraw your account balance without any delay.

Bad business practices usually reveal themselves in a number of ways. The first could be in constant re-quoting, you may see a quote and gain interest and act upon it with an execution order then get a server message with a different quote asking you to try again. This certainly means that the broker might have chosen to block your request for his own profit reasons. However, if you took an unacceptably long period of time to act, then the broker may have acted appropriately to re-quote.

Slippage is also another common practice could spoil one’s trading experience and lead to loss losses of capital. Slippage is caused by having your stated order executed at a price other than the one you stated. Your broker will defend himself by stating that the market is volatile or that you delayed to act or that some major data release caused an abrupt change in the market. If these indicators are not present and yet slippage occurs frequently then it means that it’s about time you questioned your choice of broker.

The last and probably, most frustrating bad business practice is spread manipulation. If your broker is a market maker, he can post whatever quotes are in his best interest at that point in time. Market makers are all about setting spread quotes, however, some unscrupulous ones may decide to quote rates that do not reflect anywhere in the market, they may for instance use quotes from an independent Reuter’s quote feed or even another broker. This type of spread manipulation is common when the market is in a tight range. Under such conditions brokers can’t make profits so they manipulate the spreads. When traders place orders for the big move the quotes may take a plunge roughly 20 to 30 pips. This is just the right amount to clear out any stop-loss orders and to prevent traders from benefiting from the move. The unscrupulous broker then cashes in on the profit from those closed client positions in this case.

The truth is that not all low spread brokers are bad. However, you should be aware that a low spread broker must make good of their loss one way or another. You may not need education materials or customer support and if at all you want a broker that truly focuses on a low spread and is ready to compromise in other areas. The most important thing is that the brokering firm adheres to good business practices in its execution of your orders.  A spread is very important in your choice of the broker, but you must strive to understand what other costs might be hidden and if the quality of service might be low. The best advice to a trader is that they should take time to choose their broker wisely.

The Best Forex Brokers + Trading Platforms

There are obviously several benefits for trading with lower spreads and the following are reasons for opening an account with a brokerage company that offers low spreads.

  1. The trader gets to pay less per trade. Although it is not always as simple as it sounds, sometimes is.
  2. If you are trading big, low-spread brokers levy a commission which becomes smaller the more you trade.
  3. Trading with a broker offering low spreads encourages its competitors to reduce their spreads and this makes the forex market friendlier.

Some traders insist on lowest spreads possible as a prerequisite before choosing to trade with any particular broker. It is important for traders who open and close several positions each session they trade to get the tightest spread possible so that they can be able to minimise losses. Some brokers provide either low fixed or a variable spread with very attractive minimum and typical values. The downside to such low spreads is that the brokers may require high-deposit accounts. Some of the best international forex brokers offer pretty low spreads with mini or even micro Forex accounts but these are not to be confused with zero-spread accounts.

Low spread forex brokers are preferred especially by traders who use the scalping strategy because this trading strategy allows them to open and close several deals per day and with low spreads, the commissions may add up to even 100 pips

In order to cut costs on forex operations, traders usually opt for dealing desks that can avail low spreads. For traders who use this criterion, financial losses are limited and this is what every trader looks forward to, being able to make profits and secure their principle invested amount.

Best Low Spread Forex Brokers

Forex.com

Are you new to the forex bandwagon and seek a forex broker who will hold your hand as you start trading? This is one of the best brokerage firm for beginners as you can understand in Forex.com detailed Review. It offers a myriad of education resources, a reliable customer support, seminars and multiple guides. Furthermore, it also offers 24/7 broker support for six days including Saturdays and a social trading features that is available in 25 languages.

PLUS 500

PLUS 500 is a highly acclaimed CFDs trader that specializes in such financial instruments as Forex, commodities, ETFs, and stocks. The firm also has one of the most competitive market capitalizations, currently valued at over $1 Billion, and operating through multiple subsidiaries across the world. Though the broker is registered and headquartered in London, it maintains an active office in Australia under the ASIC’s regulations.