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

39

Payment systems

ECN, MM
100 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A1
eToro2eToro2007
ASIC, FCA
56

Payment systems

NDD, STP
50 $-N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A1
IG3IG1974
ASIC, FCA
14

Payment systems

DMA, MM
0 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A1
TD Ameritrade4TD Ameritrade1975
FINRA, SIPC
6
DMA
2000 $1:50N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A1
Saxo Bank5Saxo Bank199220

Payment systems

ECN, STP
10000 $1:100N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A1
LMFX6LMFX2015-25

Payment systems

NDD
50 $1:1000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
OANDA7OANDA1996
ASIC, FCA
19

Payment systems

-0 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A1
CMC Markets8CMC Markets1989
ASIC, FCA
27

Payment systems

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

Regulated

11

Payment systems

MM
10000 $1:40N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A1
City Index10City Index2001
ASIC, FCA
13

Payment systems

NDD, ECN
250 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
FxGlory11FxGlory2012-10

Payment systems

NDD, MM
1 $1:3000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
XM.COM12XM.COM2009
ASIC, IFSC

Regulated

75

Payment systems

MM
5 $1:30N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Capital.com13Capital.com2016
ASIC, FCA
88

Payment systems

MM
20 $1:100N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
AXITrader14AXITrader2007
ASIC, FCA
12

Payment systems

NDD
0 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
XTB.com15XTB.com2002
FCA, CNMV
5

Payment systems

NDD, STP
250 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
RoboMarkets16RoboMarkets2012
CySEC
21

Payment systems

NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
  • MM
100 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
RoboForex17RoboForex2009
IFSC
19

Payment systems

NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
  • MM
0 $1:2000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Forex4you18Forex4you2007
FSC
31

Payment systems

NDD, STP
20 $1:1000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
NordFX19NordFX2008
SEBI, VFSC
101

Payment systems

NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
0 $1:1000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Plus50020Plus5002008
ASIC, FCA
38

Payment systems

NDD
100 $1:300N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
HYCM21HYCM1977
FCA
143

Payment systems

MM
100 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
LegacyFx22LegacyFx2012
CySEC, VFSC
0

Payment systems

NDD, STP
250 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
FBS23FBS2009
IFSC, NAFD
95

Payment systems

ECN, STP
1 $-N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
EXNESS24EXNESS2008
FCA, CySEC
88

Payment systems

NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
  • MM
0 $1:2000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
FxPro25FxPro2006
FCA, CySEC

Regulated

117

Payment systems

NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
100 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Swissquote26Swissquote1996
FINMA
26

Payment systems

STP
1000 $1:100N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
FXCM27FXCM1999
ASIC, FCA
18

Payment systems

NDD
0 $1:100N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Admiral Markets28Admiral Markets2001
FCA, CNMV
23

Payment systems

NDD, ECN
0 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
AVATrade29AVATrade2006
ASIC, CBI
59

Payment systems

NDD
100 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
IQ Option30IQ Option2013
FSA
5

Payment systems

NDD
10 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
FxGiants31FxGiants2015
FCA
16

Payment systems

ECN, STP

Broker type

  • ECN
  • STP
  • MM
50 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Vantage FX32Vantage FX2009
ASIC
12

Payment systems

ECN
200 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Instaforex33Instaforex2007
RAUFR
88

Payment systems

NDD, ECN
1 $1:1000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Alfa-Forex34Alfa-Forex2016
CBR
14

Payment systems

NDD
0 $1:40N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
FIBO Group35FIBO Group1998
FSC, CNMV
29

Payment systems

NDD, MM
0 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Markets.com36Markets.com2006
CySEC
12

Payment systems

NDD
100 $1:300N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
FXOpen37FXOpen2005
ASIC, FCA
98

Payment systems

ECN, STP

Broker type

  • ECN
  • STP
  • MM
1 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
GrandCapital38GrandCapital2006-15

Payment systems

STP
10 $1:2000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
AMarkets39AMarkets2007
FSA
71

Payment systems

NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
100 $1:1000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Dukascopy Bank SA40Dukascopy Bank SA1998
FINMA
14

Payment systems

ECN
1000 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Dukascopy Europe41Dukascopy Europe2010
FCMC
15

Payment systems

ECN
100 $1:300N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
FP Markets42FP Markets2005
ASIC, CySEC
17

Payment systems

DMA
100 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Just2Trade43Just2Trade2006
CySEC
40

Payment systems

ECN, STP
100 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
DeltaStock44DeltaStock1998
BNB
15

Payment systems

NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
  • MM
100 $-N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
IFC Markets45IFC Markets2006
FSC, CySEC
36

Payment systems

STP
0 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
HotForex46HotForex2010
CySEC, FSC
77

Payment systems

NDD
5 $1:1000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
IC Markets47IC Markets2007
ASIC
22

Payment systems

NDD, ECN
0 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
FXDD48FXDD2002
MFSA
6

Payment systems

NDD, ECN
250 $1:50N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Finpari49Finpari2013
CySEC
3

Payment systems

NDD, STP
100 $-N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
ActivTrades50ActivTrades2001
FCA, CNMV
79

Payment systems

NDD
100 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
AAFX Trading51AAFX Trading2014
ASIC, FSA
226

Payment systems

NDD, ECN
100 $1:2000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
LiteForex52LiteForex2008
CySEC
37

Payment systems

ECN
50 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
BCS Forex53BCS Forex2006
FSA
13

Payment systems

NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
  • MM
1 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
ForexMart54ForexMart2015
CySEC
22

Payment systems

ECN
1 $1:5000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Binarium55Binarium2012
CROFR
5

Payment systems

-9 $-N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Fortrade56Fortrade2013
FCA, FSCS

Regulated

16

Payment systems

-100 $1:30N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
EasyMarkets57EasyMarkets2001
ASIC, CySEC
13

Payment systems

MM
100 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Orbex58Orbex2010
CySEC
22

Payment systems

ECN
500 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Hantec Markets59Hantec Markets2009
FCA
13

Payment systems

NDD
1000 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
ForexChief60ForexChief2014
VFSC
122

Payment systems

ECN, STP
1 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
ICM Capital61ICM Capital2009
FCA
4

Payment systems

-200 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Octa FX62Octa FX2011
FCA, FSA
27

Payment systems

ECN
100 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Fort Financial Service63Fort Financial Service2010
IFSC
2

Payment systems

NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
5 $1:1000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
BMFN64BMFN1988
ASIC, FCA
12

Payment systems

NDD, DMA
0 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Core Spreads65Core Spreads2014
FCA
15

Payment systems

NDD
1 $1:240N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
NPBFX66NPBFX1996
IFSC
19

Payment systems

NDD, STP
10 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
FreshForex67FreshForex2004
KROUFR
64

Payment systems

NDD, MM
0 $1:1000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
City Index Singapore68City Index Singapore2006
MAS
3
MM
100 $1:50N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Degiro69Degiro2008
BaFin
8
NDD
0 $-N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
GO Markets70GO Markets2006
ASIC
13

Payment systems

NDD
200 $1:300N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Forex.ee71Forex.ee2004
FSA
8

Payment systems

NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
10 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Tickmill72Tickmill2014
FCA, SIBA
10

Payment systems

NDD
25 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Yadix.com73Yadix.com2010
FSC
54

Payment systems

ECN, STP
100 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
FXPRIMUS74FXPRIMUS2009
CySEC, VFSC
11

Payment systems

STP
100 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Swiss Markets75Swiss Markets2012
CySEC
4

Payment systems

STP
200 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
PSB Forex76PSB Forex2016
CBR, NAFD

Regulated

7
NDD
1500 $1:40N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
ICE FX77ICE FX2015-8

Payment systems

STP
30 $1:300N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
FriedbergDirect78FriedbergDirect2008
IIROC
10

Payment systems

NDD, STP
0 $1:33N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
TrioMarkets79TrioMarkets2014
CySEC
8

Payment systems

ECN, STP
500 $1:300N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
iOCBCfx80iOCBCfx2004
MAS
8
NDD
1000 $1:35N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
UOB Kay Hian81UOB Kay Hian2000
MAS
6
NDD
0 $1:50N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
KGI Futures82KGI Futures2001
MAS
8
NDD
1000 $1:50N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
KE Forex83KE Forex1972
MAS
9
NDD
0 $1:50N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Haitong84Haitong2010
MAS
8
NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
0 $1:50N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
FXCitizen85FXCitizen2010
VFSC
10

Payment systems

NDD, ECN
10 $1:1000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Land FX86Land FX2013
FCA, FSCS

Regulated

11

Payment systems

NDD, ECN
300 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Pepperstone87Pepperstone2010
ASIC
12

Payment systems

ECN
200 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
PhillipCapital UK88PhillipCapital UK1975
ASIC, FCA
7
NDD
200 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Ak Investment89Ak Investment1996
SPK
11
NDD, DMA

Broker type

  • NDD
  • DMA
  • MM
1000 $1:100N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
InvestAZ90InvestAZ2010
FSP, SPK
8
ECN
100 $1:1000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Corner Trader91Corner Trader2012
FINMA
9
MM
1 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Abshire-Smith92Abshire-Smith2011
FCA, FSCS
10

Payment systems

STP, DMA
500 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
ArgusFX93ArgusFX2000
CySEC
10

Payment systems

STP
0 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Ayondo94Ayondo2008
FCA, BaFin
9

Payment systems

NDD
100 $1:100N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Bacera95Bacera2009
ASIC
10

Payment systems

MM
0 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
BogoFinance96BogoFinance2006
CySEC
11

Payment systems

NDD
100 $1:100N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Capital Index97Capital Index2014
FCA, CySEC

Regulated

4

Payment systems

NDD, STP
100 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Core Liquidity Markets98Core Liquidity Markets2012
ASIC, FSA
10

Payment systems

NDD
100 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
CMG99CMG2015
ASIC
17

Payment systems

-250 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Colmex Pro100Colmex Pro2010
CySEC
13
NDD, ECN
2000 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Darwinex101Darwinex2012
FCA
10

Payment systems

STP, DMA
500 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
eTrader102eTrader2014
CySEC
11
NDD
100 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Flatex103Flatex1999
BaFin
9
NDD, MM
0 $1:100N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Fullerton Markets104Fullerton Markets2015
FSP
11

Payment systems

ECN, STP
100 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
FX88105FX882016
CySEC
2

Payment systems

ECN
100 $1:50N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
FXCC106FXCC-
FCA, CySEC
103

Payment systems

NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
100 $1:300N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
FX Choice107FX Choice2010
IFSC
6

Payment systems

NDD
100 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
FxGrow108FxGrow2008
CySEC
4

Payment systems

ECN, STP
100 $1:300N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
GMG Markets109GMG Markets2015
FCA
2
NDD, STP
200 $1:100N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
HMS Markets110HMS Markets1972-2
NDD
1000 $1:40N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Infinox Capital111Infinox Capital2009
FCA
7

Payment systems

ECN, STP
100 $1:30N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
iTrader112iTrader2012
IFSC
4

Payment systems

NDD
250 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Mex Exchange113Mex Exchange2012
ASIC
3

Payment systems

NDD, ECN
200 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
FXPCM114FXPCM2007
FSC, DFSA

Regulated

3

Payment systems

NDD, ECN
100 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Rakuten Securities Hong Kong115Rakuten Securities Hong Kong2002
SFC
2
NDD, STP
0 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
RietumuFX116RietumuFX1992
FCMC
6
NDD
1000 $1:300N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
TFI Markets117TFI Markets1999
CySEC
3
NDD
50 $1:30N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Tradealot118Tradealot2010
FCA
7

Payment systems

STP
2000 $1:30N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
FinmaxFX119FinmaxFX2017
CROFR, VFSC
19

Payment systems

MM
250 $1:300N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
CommSec120CommSec1998
ASIC
3
DMA, MM
10 $1:100N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
VTB 24 Forex121VTB 24 Forex2009
CBR, KROUFR
2

Payment systems

NDD
2000 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Finam Forex122Finam Forex1994
CBR, NAFD

Regulated

3

Payment systems

NDD, DMA
0 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
MultiBank Group123MultiBank Group2005
ASIC
1

Payment systems

ECN
0 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
AMP Global124AMP Global2018
CySEC, CFTC

Regulated

5

Payment systems

STP
100 $1:30N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Ingot Brokers125Ingot Brokers2004
ASIC
7
ECN
100 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Alvexo126Alvexo2014
CySEC, SIBA
8

Payment systems

ECN
0 $1:300N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
AETOS127AETOS2007
ASIC
5

Payment systems

NDD
250 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Arum Capital128Arum Capital2017
CySEC
2

Payment systems

ECN, STP
0 $1:30N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
ATFX129ATFX2015
FCA
15

Payment systems

NDD
0 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Key to Markets130Key to Markets2010
FCA, FSP

Regulated

4

Payment systems

ECN
100 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Trading.com131Trading.com2018
FCA
2

Payment systems

ECN
5 $1:30N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
BDSwiss132BDSwiss2012
CySEC, FSC
9

Payment systems

ECN
0 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
ATC Brokers133ATC Brokers2005-2
ECN
2000 $1:100N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
ACY.com134ACY.com2011
ASIC, VFSC
2
ECN, STP
--N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Milton Prime135Milton Prime2015
CySEC, SIBA
0

Payment systems

NDD
0 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Capex136-Capex2018
CFSFA, DMCC

Regulated

1

Payment systems

DMA, MM
50 $1:30N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0


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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.