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.
Best forex brokers with variable spread
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Exceptional Execution
US Clients
Scalping
Pros
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OANDA is among the few international online forex brokers that accept U.S. clients.
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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.
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OANDA does not require a fixed initial deposit on the standard account.
Cons
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OANDA’s financial offerings have some irregularities that may only suit some traders
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-Trading on OANDA may incur several fees, including a monthly inactivity fee
Withdraw fee
N/A
Deposit fee
4
Max leverage
1:50
Min deposit
N/A
Top Regulators
CFTC, NFA
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Available in
1
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Exceptional Execution
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US Clients
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Scalping
Pros
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OANDA is among the few international online forex brokers that accept U.S. clients.
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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.
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OANDA does not require a fixed initial deposit on the standard account.
Cons
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OANDA’s financial offerings have some irregularities that may only suit some traders
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-Trading on OANDA may incur several fees, including a monthly inactivity fee
- Withdraw feeN/A
- Deposit feeN/A
- Max Leverage1:50
Robust Customer Support
Multiple Account Type
Pros
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Offers multiple account types to cater to different trading preferences.
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Implements negative balance protection, safeguarding traders from losses exceeding their account balance.
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Provides an excellent range of instruments, including Forex, indices, metals, stocks, cryptocurrencies, and commodities.
Cons
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Restricted regional availability may limit access for traders from certain regions.
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The lack of MT4 and MT5 trading platforms may disappoint traders accustomed to these popular platforms.
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According to few reviews, the withdrawal process can be lengthy, taking 8-10 business days, which may inconvenience traders needing prompt access to their funds.
Withdraw fee
3.5% / 30$
Deposit fee
4.7
Max leverage
1:400
Min deposit
250$
Top Regulators
No
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Available in
2
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Robust Customer Support
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Multiple Account Type
Pros
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Offers multiple account types to cater to different trading preferences.
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Implements negative balance protection, safeguarding traders from losses exceeding their account balance.
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Provides an excellent range of instruments, including Forex, indices, metals, stocks, cryptocurrencies, and commodities.
Cons
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Restricted regional availability may limit access for traders from certain regions.
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The lack of MT4 and MT5 trading platforms may disappoint traders accustomed to these popular platforms.
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According to few reviews, the withdrawal process can be lengthy, taking 8-10 business days, which may inconvenience traders needing prompt access to their funds.
- Withdraw fee3.5% / 30$
- Deposit feeNo
- Max Leverage1:400
Specialized trading accounts
PayPay for deposit
Pros
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High leverage options (up to 1:1000) for experienced traders.
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Multiple account types to suit different trading needs.
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User-friendly platforms, including mobile trading.
Cons
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Limited information on regulatory licensing and oversight.
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Located in St. Lucia, a jurisdiction that may raise regulatory concerns.
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Lack of detailed information on fees or additional charges.
Withdraw fee
$0
Deposit fee
4.6
Max leverage
1:1000
Min deposit
$10
Top Regulators
No
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Specialized trading accounts
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PayPay for deposit
Pros
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High leverage options (up to 1:1000) for experienced traders.
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Multiple account types to suit different trading needs.
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User-friendly platforms, including mobile trading.
Cons
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Limited information on regulatory licensing and oversight.
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Located in St. Lucia, a jurisdiction that may raise regulatory concerns.
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Lack of detailed information on fees or additional charges.
- Withdraw fee$0
- Deposit fee$0
- Max Leverage1:1000
Specialized trading accounts
Affiliate Program
Pros
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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.
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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.
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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
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Mirrox does not currently offer a mobile trading app, which could be inconvenient for traders who prefer to manage their trades on the go.
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The platform lacks social or copy trading features, which are popular among traders who like to follow or mirror more experienced traders’ strategies.
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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 fee
3.5%
Deposit fee
4.1
Max leverage
1:400
Min deposit
$250
Top Regulators
No
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Available in
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Specialized trading accounts
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Affiliate Program
Pros
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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.
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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.
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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
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Mirrox does not currently offer a mobile trading app, which could be inconvenient for traders who prefer to manage their trades on the go.
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The platform lacks social or copy trading features, which are popular among traders who like to follow or mirror more experienced traders’ strategies.
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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
Specialized trading accounts
Pros
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Thorough Regulation and License: markets.com is licensed and regulated by 5 reputable watchdogs. This further strengthens the broker’s credibility as a financial service provider.
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Markets.com is not your regular broker, with its blend and IPO offerings. These additional offerings put the broker in a league of its own.
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Sleek Proprietary Trading Platform: Besides its MT4 and MT5 trading platforms, the broker has its own customized trading platforms, which excel in every regard as the more popular trading platforms.
Cons
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Inactivity Charges: Traders must pay a fee of $10 per month after 90 days of no trading inactivity on markets.com.
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No Customer Support Service on Weekends: Since trading is 24/7, it’s only ideal that the customer support service is also available 24/7 so clients can resolve their complaints quickly.
Withdraw fee
N/A
Deposit fee
3.6
Max leverage
N/A
Min deposit
N/A
Top Regulators
CYSEC
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Available in
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Specialized trading accounts
Pros
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Thorough Regulation and License: markets.com is licensed and regulated by 5 reputable watchdogs. This further strengthens the broker’s credibility as a financial service provider.
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Markets.com is not your regular broker, with its blend and IPO offerings. These additional offerings put the broker in a league of its own.
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Sleek Proprietary Trading Platform: Besides its MT4 and MT5 trading platforms, the broker has its own customized trading platforms, which excel in every regard as the more popular trading platforms.
Cons
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Inactivity Charges: Traders must pay a fee of $10 per month after 90 days of no trading inactivity on markets.com.
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No Customer Support Service on Weekends: Since trading is 24/7, it’s only ideal that the customer support service is also available 24/7 so clients can resolve their complaints quickly.
- Withdraw feeN/A
- Deposit feeN/A
- Max LeverageN/A
24/7 instant money withdrawal
Pros
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Unparalleled Market Access
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Competitive Pricing
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Advanced Trading Tools
Cons
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Steep Learning Curve
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Customer Service Could Be Better
Withdraw fee
N/A
Deposit fee
3.7
Max leverage
N/A
Min deposit
N/A
Top Regulators
FCA, CFTC, NFA, SEC
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Available in
Expand
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24/7 instant money withdrawal
Pros
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Unparalleled Market Access
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Competitive Pricing
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Advanced Trading Tools
Cons
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Steep Learning Curve
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Customer Service Could Be Better
- Withdraw feeN/A
- Deposit feeN/A
- Max LeverageN/A
Free VPS hosting
Specialized trading accounts
24/7 instant money withdrawal
Pros
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Highly Regulated and Trustworthy
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Competitive Spreads on Major Pairs
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Fast Execution Speeds
Cons
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Limited Asset Classes
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Withdrawal Fees for Wire Transfers
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Educational Resources Not Fully Developed
Withdraw fee
N/A
Deposit fee
3.5
Max leverage
N/A
Min deposit
N/A
Top Regulators
ASIC, FCA, BaFIN, CONSOB, CNMV, AMF
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Available in
7
Expand
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Free VPS hosting
-
Specialized trading accounts
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24/7 instant money withdrawal
Pros
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Highly Regulated and Trustworthy
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Competitive Spreads on Major Pairs
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Fast Execution Speeds
Cons
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Limited Asset Classes
-
Withdrawal Fees for Wire Transfers
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Educational Resources Not Fully Developed
- Withdraw feeN/A
- Deposit feeN/A
- Max LeverageN/A
Specialized trading accounts
24/7 instant money withdrawal
Free VPS hosting
Pros
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Competitive Trading Conditions
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Wide Range of Tradable Instruments
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Advanced Trading Platforms
Cons
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Limited Regulatory Oversight for Some Entities
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Limited Educational Resources for Beginners
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Mixed User Reviews
Withdraw fee
$0
Deposit fee
4.8
Max leverage
1:2000
Min deposit
$10
Top Regulators
FCA, CYSEC
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trusted
Not available in
8
Expand
-
Specialized trading accounts
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24/7 instant money withdrawal
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Free VPS hosting
Pros
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Competitive Trading Conditions
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Wide Range of Tradable Instruments
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Advanced Trading Platforms
Cons
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Limited Regulatory Oversight for Some Entities
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Limited Educational Resources for Beginners
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Mixed User Reviews
- Withdraw fee$0
- Deposit fee$0
- Max Leverage1:2000
Free VPS hosting
Specialized trading accounts
Pros
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Regulated by the Central Bank of Russia, ensuring a high level of security for client funds.
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Offers a wide range of assets, including forex currency pairs, commodities, indices, stocks, and cryptocurrencies.
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Competitive spreads start from 0.1 pips.
Cons
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Not available for US clients.
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A limited selection of account types to choose from.
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No social trading or copy trading options available.
Withdraw fee
N/A
Deposit fee
5
Max leverage
N/A
Min deposit
N/A
Top Regulators
CBR
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trusted
Not available in
Expand
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Free VPS hosting
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Specialized trading accounts
Pros
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Regulated by the Central Bank of Russia, ensuring a high level of security for client funds.
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Offers a wide range of assets, including forex currency pairs, commodities, indices, stocks, and cryptocurrencies.
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Competitive spreads start from 0.1 pips.
Cons
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Not available for US clients.
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A limited selection of account types to choose from.
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No social trading or copy trading options available.
- Withdraw feeN/A
- Deposit feeN/A
- Max LeverageN/A
24/7 instant money withdrawal
Free VPS hosting
Specialized trading accounts
Pros
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No obligation demo accounts with US$50,000 of virtual funds to practice with
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24/5 Customer support available
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Multilingual support in 14 languages
Cons
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Limited trading platform options
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Limited trading instruments
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Only forex and CFD trading
Withdraw fee
N/A
Deposit fee
4.5
Max leverage
N/A
Min deposit
N/A
Top Regulators
ASIC
Add to compare list
Not available in
10
Expand
-
24/7 instant money withdrawal
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Free VPS hosting
-
Specialized trading accounts
Pros
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No obligation demo accounts with US$50,000 of virtual funds to practice with
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24/5 Customer support available
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Multilingual support in 14 languages
Cons
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Limited trading platform options
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Limited trading instruments
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Only forex and CFD trading
- Withdraw feeN/A
- Deposit feeN/A
- Max LeverageN/A
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.