We found 11 online brokers that are appropriate for Trading Spreads.
Who is the best fixed spread broker and how can you find them? Why is it important to choose a popular fixed spread broker? These are just a few of the plethora of questions raised by beginner traders who are looking for a good fixed spread broker.
In this article, we explain all you will need to know about a fixed spread broker. Before we proceed, let us understand what is a spread in Forex trading.
Forex brokers usually quote two different prices. One is the bid or buy price, and the other is the ask or sell price of currency pairs. Spread is the difference between the two given prices. It is basically a fee charged by brokers who charge no commission on trading. They usually charge a separate fee that is built into the bid and ask price.
Spread in Forex is measured in pips, which refers to the smallest unit price movement. One pip is usually equivalent to 0.0001, where four pips for EUR/GPB can be 1.2339/1.2335. There are differences in various markets. For example, Japan's yen currency is quoted to just 2 decimal places. Hence, USD/JPY can be 109.53/109.45.
There are basically two types of spreads. One is fixed, and the other is variable or floating. Either of these are implemented by brokers and it is completely based on the business structure being offered. However, the first type is usually offered by brokers whose business follows a market maker model. Brokers following the non-dealing desk model usually uses variable spreads.
Fixed spreads are not susceptible to the change in the market conditions. This means it is not susceptible to volatility or slippage. Therefore, brokers following a market maker business model make money through fixed spreads.
These brokers usually buy large positions and offer them to traders in smaller chunks by using a dealing desk. This means they act like a counterpart to the trades.
It is important to note that variable spreads need a lot of liquidity, while fixed spreads require smaller capital. Retail traders usually find it tough to afford variable spreads and hence, they find fixed spreads cheaper.
Fixed spreads trading is comparatively better for one's trading strategy as it confirms what payment needs to be paid while executing a trade. A fixed spread is best for scalpers.
Scalpers take several smaller profits from several trades in a single day. Hence, scalpers choose fixed spreads trading.
The first disadvantage is the re-quotes. As prices move faster due to supply-demand dynamics, the brokers repeatedly change the quotes and traders need to accept those. Another disadvantage of fixed spreads is slippage. Brokers find themselves less comfortable in offering a fixed spread when the prices move rapidly.
Choosing between fixed spreads and variable spreads can serve as a dilemma for many traders. Both are good but one might be more suitable for you depending on your situation. Some find fixed spreads better, while others opt for variable spreads. Mostly, small account traders choose fixed spreads as they trade less than active traders.
They usually enter and exit the market frequently and believe in taking a few pips from each trade. They opt to trade with fixed spread brokers.
A fixed spread is perfect for those who trade the news. This is despite the fact that some complain about the widening up of the spreads to fifty pips when trading with variable spread brokers. Hence, such traders always prefer trading with fixed spread brokers.
These are low-frequency traders. They open micro accounts with smaller deposits and always believe in trading with a fixed spread broker. They do not like paying extra commissions and hence, they discuss spreads before striking a deal. Take note that variable spread brokers charges a commission for the buying and selling of a trade.
Most small traders prefer dealing with fixed spread brokers as the fees for trading are already confirmed. Fixed spread brokers are best for scalpers who take smaller profits from multiple trades. This is so as it is easy for scalpers to calculate the actual profit after paying the broker.
Beginner traders are always recommended to deal with fixed spread brokers and find out the cost of trading prior to striking a deal. Variable spread brokers are not for micro or small traders. Hence, novice traders should avoid them.
We have conducted extensive research and analysis on over multiple data points on Fixed Spread Broker to present you with a comprehensive guide that can help you find the most suitable Fixed Spread Broker. Below we shortlist what we think are the best Spreads brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Fixed Spread Broker.
Selecting a reliable and reputable online Spreads trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Spreads more confidently.
Selecting the right online Spreads trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for Spreads trading, it's essential to compare the different options available to you. Our Spreads brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a Spreads broker that best suits your needs and preferences for Spreads. Our Spreads broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Spreads Brokers.
Compare Spreads brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Spreads broker, it's crucial to compare several factors to choose the right one for your Spreads needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Spreads brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Spreads brokers that accept Spreads clients.
Broker |
IC Markets
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Roboforex
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eToro
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XM
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XTB
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AvaTrade
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Pepperstone
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Trading212
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FP Markets
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EasyMarkets
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SpreadEx
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) Etoro (Europe) Limited FCA reference 523775, eToro (UK) Ltd FCA reference 583263, ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), MiFID (Markets In Financial Instruments Directive), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Financial Conduct Authority (FCA) Firm reference number 609146, Financial Supervision Commission (FSC), Cyprus Securities and Exchange Commission (CySec) License number 398/21 | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) |
Min Deposit | 200 | 10 | 50 | 5 | No minimum deposit | 100 | 200 | 1 | 100 | 100 | 1 |
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Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 3,500,000+ | 581,000+ | 300,000+ | 400,000+ | 15,000,000+ | 10,000+ | 142,500+ | 10,000+ |
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Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
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Learn More |
Sign
Up with icmarkets |
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Up with roboforex |
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Up with etoro |
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Up with xm |
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Up with xtb |
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Up with avatrade |
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Up with pepperstone |
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Up with trading212 |
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Up with fpmarkets |
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Up with easymarkets |
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Up with spreadex |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 74% of retail investor accounts lose money when trading CFDs with this provider. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.33% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 71% of retail investor accounts lose money when trading CFDs with this provider | 74-89 % of retail investor accounts lose money when trading CFDs | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits |
Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XM Demo |
XTB Demo |
AvaTrade Demo |
Pepperstone Demo |
Trading 212 Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, UA, JO, KR, | US, CA, IL, KR, IR, MM, CU, SD, SY | US, IN, PK, BD, NG , ID, BE, AU | BE, BR, KP, NZ, TR, US, CA, SG | AF, AS, AQ, AR, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, UY, VU, VG, EH, YE, ZW, ES | US, CA | US, JP, NZ | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR |
You can compare Spreads Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Spreads Brokers for 2023 article further below. You can see it now by clicking here
We have listed top Spreads brokers below.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.