We found 11 online brokers that are appropriate for Trading Low Spread Forex Platforms.
Spreads are said to be low when they are beneath the average in the Forex market. Several spreads may begin at one pip. While this value can be considered to be low on a few traded Forex markets, in other markets such as those selling commodities, this value can be greater.
Low spreads are worth it since a spread is virtually a commission provided by the broker. If you are using trading techniques like scalping, low spreads can be valuable. However, you should always ensure that you evaluate your broker carefully to find out if there are any hidden charges.
Forex spreads is an important factor to consider when calculating your trading cost. A spread is the difference between the selling price and the bid price of an asset. This price difference is determined in another term known as 'pip'. Pips represent the percentage in points. In Forex trading, one pip is equivalent to one point movement in market value, depending on the 4th decimal place in the currency pair traded.
However, one of the exceptions to the usual pip calculation are the JPY Forex pairs. For example, the USD/JPY pair is calculated to two decimal places rather than four. This means that where one pip would be 0.01 for the USD/JPY, it would be 0.0001 for EUR/USD.
In several instances, where you can see a licensed Forex broker providing a zero pips spread. In such an occasion, you should be ready for the spread to differ based on the volatility and volume of the foreign exchange market at any time.
Additionally, you should be aware of any commission that may apply to zero spreads or low spread trading since the spread is the major source of income for a broker. Additional commissions will usually be measured based on the currency traded per lot, and is normally lower than five dollars depending on the market.
Picking a foreign exchange broker with the spreads provided is one factor to consider. However, you also need to be able to evaluate and consider the amount that the spread is going to cost you. Though a broker may possess the cheapest Forex spreads, you should be careful of any other fees involved.
Another factor you should consider when searching for a suitable Forex broker is to check carefully for any commission per lot fees. Even for Forex brokers with the lowest spread, this standard commission fee is normally about seven dollars per lot. What this means is that if you open a position for about 0.5 standard lots, you will need to pay a commission of about 3.50 dollars on opening. This is one of the methods that brokers use to charge fees.
In other less common instances, you may see commissions termed as 'round turn' instead. In these situations, a round turn commission of seven dollars is the same as 3.50 dollars on opening and closing trade. These are important considerations that all traders should take note of.
Searching for the perfect low spread Forex broker is beneficial for several traders. However, for traders such as scalpers, a Forex broker with low commissions and low spreads is not sufficient. Of course, scalpers will normally choose Forex brokers with low deposits and spreads, but they will also require the ability to utilize leverage and swift order execution to earn money with their method of trading, which depends on a huge number of trades.
If you aim to use the scalping strategy, it is important to know that within the UK and EU, the biggest leverage offered by any regulated Forex broker to retail traders is 30:1. A part of these regulated Forex brokers providing this high leverage is known as IC Markets. IC Markets, together with some others, can provide high leverage of about 500:1 to some traders based outside the UK and EU. However, there also exist other brokers who can offer a larger leverage ratio.
Overall, while a broker offering low spreads is very beneficial for most traders, this does not necessarily mean that you will be able to cut costs. In many cases, brokers offering low to no spreads will require payment of commissions for other services provided. Additionally, for traders looking to use the scalping strategy, looking for a broker offering low spreads is simply not enough. Therefore, traders should not only focus on looking for brokers offering low spreads, but also check that all services provided by the broker are in line with their trading strategies.
We have conducted extensive research and analysis on over multiple data points on Forex broker with low spread to present you with a comprehensive guide that can help you find the most suitable Forex broker with low spread. Below we shortlist what we think are the best Low Spread Forex Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Forex broker with low spread.
Selecting a reliable and reputable online Low Spread Forex Platforms 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 Low Spread Forex Platforms more confidently.
Selecting the right online Low Spread Forex Platforms 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 Low Spread Forex Platforms trading, it's essential to compare the different options available to you. Our Low Spread Forex Platforms 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 Low Spread Forex Platforms broker that best suits your needs and preferences for Low Spread Forex Platforms. Our Low Spread Forex Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Low Spread Forex Platforms.
Compare Low Spread Forex Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Low Spread Forex Platforms broker, it's crucial to compare several factors to choose the right one for your Low Spread Forex Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Low Spread Forex Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Low Spread Forex Platforms that accept Low Spread Forex Platforms clients.
Broker | IC Markets | Roboforex | eToro | XTB | XM | Pepperstone | AvaTrade | FP Markets | NordFX | EasyMarkets | 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 (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | 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) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | 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 | 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 | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) | Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 | 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 | 100 | No minimum deposit | 5 | 200 | 100 | 100 | 1 | 100 | 1 |
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Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 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, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Tablet & Mobile apps | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
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Learn More |
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Up with spreadex |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 76-85% 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% 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. | 74-89 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits |
Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
NordFX 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, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, 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, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, CA, EU, RU, SY, KP, CU | 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 Low Spread Forex Platforms 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 Low Spread Forex Platforms for 2024 article further below. You can see it now by clicking here
We have listed top Low Spread Forex Platforms below.
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Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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.
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