Forex Spread Calculator

It’s very crucial to know what a foreign currency exchange spread is as it is one of the greater costs that a day-trader inherits in the world of trading fiat-based currencies.

To attain a better handle on the Forex spread and to know how it impacts your approach to trading the Forex exchange markets, let’s begin by first defining the forex spread is in actuality. We will then go ahead and dive into the more granular details of the matter at hand; topics that include how a forex spread works, how to calculate and control your spread costs, and how to best prioritize your observance of changes in spreads in order to minimize your risks and maximize your profits.

Leveraging and Applying the Forex Spread Calculator

It’s not a secret that nearly all Forex Exchange Markets have a spread component to them. Simply speaking, the spread is the difference that the day-trader pays that is between the “bid” and “ask” price of a Forex traded currency pair. As a day-trader, you are going to pay a premium price to the forex broker or platform to successfully execute trades for you.

Although most Forex platforms advertise free trading options and zero-commision fees to their active day-trading users, in reality the price of trading is plugged into the spread of the trades that you will be trading. If you want to trade the currency back immediately after you buy it, you are free to do so but you will not be reimbursed the cost you paid, which is the spread unless the currency you hold ascends in price nearly instantly (low probability chance of this happening). Here’s an example of how one goes about calculating the percentage spread in a typical Forex trade. To get a further better understanding of exactly why you would absorb a loss if you chose to immediately sell the currency pair right after you had initially bought it, is to provide a relatively simple analogy by example which should help you visualize this concept a bit better.

One day you’ve decivded you want to go out shopping and go to a motorcycle dealership where you go buy a new motor bike. Let’s say for example the bike costs $20,000, so you go ahead and pay the full cost to get it out the door. The dealership will then go ahead and take the $20,000 you handed over to them and use that cash to pay for their internal company expenditures.

In order to keep the lights on and running in their business, they will have to pay for the inventory which is the motorcycle you just bought, which is $10,000. They must also pay the sales employee that assisted you with the purchase as well as other miscellaneous overhead expenses that include things like inventory storage, utility bills, and so on. After you drive your new motorcycle out the front door, you then decide you no longer like the bike and decide to sell it back to the dealership.

The question is will they give you the same amount of cash back that you initially paid for it? That is highly unlikely. Instead the dealership give you $5,000 in exchange for the now used motorcycle you purchase from them, because they already paid a significant fortune of the funds you gave them in exchange for the motorcycle to pay their business expenses.

The same concept can be applied to the Forex trading platforms that you use except in this analogy as the landlord acts as the server with which Forex brokerage use to connect the global day-traders, and the salesman is the profit the platform need to make to keep their proverbial lights on to continue operating their lucrative businesses.

How is a Forex spread determined?

There are a number of crucial factors that will indicate how large or small the spread on any given currency pair may be and they are liquidity, volume, and volatility. The more buyers and sellers that participate in the trading of a given currency pair will ultimately impact the spread of that pair. This is because when more buyers and sellers participate in the trading of a pair, there will be more bids and offers in an actively traded pair. Therefore the brokerage may discount the cost per trade via the spread since the volume traded will be greater, thus the total revenue for the pair will increase. Further, the brokerage may hope to stimulate more volume traded by offering a more attractive spread.

Volatility also plays a large role in the cost of a spread because with more volatility, the pair becomes more desirable for day-traders, which in-turn impacts the liquidity and volume of trades of a particular currency. However volatility on a less actively traded pair will have an opposite effect. For example, there may be large volatility on a pair with low volume traded. Since brokerages must offset their risk from orders taken in with an exchange or bank, they must account for this risk within the spread.

On a low activity pair, with high volatility, the price may move significantly in mere seconds. If the brokerage takes an order, they stand to incur a loss if that pair should move substantially before they are able to offset their own risk at a counterparty. By building in a larger spread, the brokerage effectively mitigates the short term volatility risk, as now they can absorb a movement in the market prior to their risk mitigation without taking a loss on the order.

Forex spread example calculation

Every trade that occurs on a Forex trading platform will always include two traded currencies also known as a pair. Let’s take the British Pound (GBP) and the Japanese Yen (JPY) as a prime calculation example to calculate a sample spread cost that a potential day-trader might inherit for executing one trade. Let’s say the GBP is worth 140 Japanese Yen. You believe that the JPY will appreciate by 5 to 145 against the dollar so you place a buy order for 10 units of JPY.

The closest ask-price for 1 GBP is 142 JPY, so you then proceed to place your order. Meanwhile the JPY seller on the other side of the table may have a bid priced at 143. In this case the spread will be calculated as (143-142 YEN) x 10, or 1 Yen for 10 units.

You can also search the internet for various Forex spread calculators that will further assist you in performing simple calculations that will go a long way in putting you in the best possible position to minimize trading costs and maximize profits.

Forex Spreads Broker Guide

We've collected thousands of datapoints and written a guide to help you find the best Forex Spread Calculator for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best Forex Spread Calculator below. You can go straight to the broker list here.

Reputable Forex Spreads Broker Checklist

There are a number of important factors to consider when picking an online Forex Spreads trading brokerage.

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Our brokerage comparison table below allows you to compare the below features for brokers offering Forex Spreads Brokers.

We compare these features to make it easier for you to make a more informed choice.

Best 15 Forex Spreads Brokers of 2024 compared

Compare Forex Spreads Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.

All brokers below are forex spreads brokers. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more forex spreads brokers that accept forex spreads clients

All Forex spreads brokers in more detail

You can compare Forex 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.

IC Markets

★★★★☆ (4/5)

Min deposit : 200
IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies
IC Markets was established in 2007 and is used by over 200000+ traders.

Visit IC Markets Try a Demo Read review

Losses can exceed deposits

Broker	IC Markets	Roboforex	eToro	XTB	XM	Pepperstone	AvaTrade	FP Markets	EasyMarkets	SpreadEx
Rating	★★★★☆	★★★★☆	★★★★☆	★★★★☆	★★★★☆	★★★★☆	★★★★☆	★★★★☆	★★★★☆	★★★★☆
Regulation	Seychelles Financial Services Authority (FSA) (SD018)	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) (000261/4) XM ZA (Pty) Ltd, Cyprus Securities and Exchange Commission (CySEC) (license 120/10) Trading Point of Financial Instruments Ltd, Australian Securities and Investments Commission (ASIC) (number 443670) Trading Point of Financial Instruments Pty Ltd	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) Ava Capital Markets Australia Pty Ltd (406684), South African Financial Sector Conduct Authority (FSCA) Ava Capital Markets Pty Ltd (45984), Financial Services Agency (Japan FSA) Ava Trade Japan K.K. (1662), Financial Futures Association of Japan (FFAJ),, FFAJ, Abu Dhabi Global Markets (ADGM)(190018) Ava Trade Middle East Ltd (190018), Polish Financial Supervision Authority (KNF) AVA Trade EU Ltd, Central Bank of Ireland (C53877) AVA Trade EU Ltd, British Virgin Islands Financial Services Commission (BVI) BVI (SIBA/L/13/1049), Israel Securities Association (ISA) (514666577) ATrade Ltd, Financial Regulatory Services Authority (FRSA)	CySEC (Cyprus Securities and Exchange Commission) (371/18), ASIC AFS (Australian Securities and Investments Commission) (286354), FSP (Financial Sector Conduct Authority in South Africa) (50926), Financial Services Authority Seychelles (FSA) (130)	Cyprus Securities and Exchange Commission (CySEC) (079/07) Easy Forex Trading Ltd, Australian Securities and Investments Commission (ASIC) (Easy Markets Pty Ltd 246566), British Virgin Islands Financial Services Commission (BVI) EF Worldwide Ltd (SIBA/L/20/1135), Financial Sector Conduct Authority South Africa (FSA) EF Worldwide (PTY) Ltd (54018), FSC (Financial Services Commission) (SIBA/L/20/1135), FSCA (Financial Sector Conduct Authority) (54018)	FCA (Financial Conduct Authority) (190941), Gambling Commission (Great Britain) (8835)
Min Deposit	200	10	50	No minimum deposit	5	No minimum deposit	100	100	25	No minimum deposit
Funding	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal
Used By	200,000+	730,000+	35,000,000+	1,000,000+	10,000,000+	400,000+	400,000+	200,000+	250,000+	60,000+
Benefits	Allows scalping Allows hedging Low min deposit Offers Negative Balance Protection	Allows scalping Allows hedging Offers STP Low min deposit Offers Negative Balance Protection	Offers STP Low min deposit Offers Negative Balance Protection	Allows scalping Allows hedging Offers STP Low min deposit Offers Negative Balance Protection	Allows scalping Allows hedging Low min deposit Offers Negative Balance Protection	Allows scalping Allows hedging Offers STP Low min deposit Offers Negative Balance Protection	Allows scalping Allows hedging Low min deposit Offers Negative Balance Protection	Allows scalping Allows hedging Low min deposit Offers Negative Balance Protection	Allows scalping Allows hedging Low min deposit Guaranteed stop loss Offers Negative Balance Protection	Allows scalping Allows hedging Low min deposit Guaranteed stop loss Offers Negative Balance Protection
Accounts	Demo account Mini account Standard account Zero spread account Raw Spread account Islamic account	Demo account Micro account Mini account Standard account Zero spread account ECN account Islamic account	Demo account Standard account Islamic account	Pro account Demo account Micro account Mini account Standard account Islamic account	Demo account Micro account Standard account Islamic account	Demo account Standard account Zero spread account ECN account Islamic account	Demo account Micro account Mini account Standard account Managed account Islamic account	Demo account Micro account Standard account	Demo account Standard account Islamic account	Demo account Standard account
Spreads	fixed spreads variable spreads	fixed spreads variable spreads	fixed spreads variable spreads	fixed spreads variable spreads	fixed spreads variable spreads	fixed spreads variable spreads	fixed spreads variable spreads	fixed spreads variable spreads	fixed spreads variable spreads	fixed spreads variable spreads
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, TradingView, IRESS, Mac, Web Trader, Tablet & Mobile apps	MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps	Web Trader, Tablet & Mobile apps
Support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support
Learn More	Sign Up with IC Markets	Sign Up with Roboforex	Sign Up with eToro	Sign Up with XTB	Sign Up with XM	Sign Up with Pepperstone	Sign Up with AvaTrade	Sign Up with FP Markets	Sign Up with easyMarkets	Sign Up with SpreadEx
Risk Warning	Losses can exceed deposits	Losses can exceed deposits	51% of retail investor accounts lose money when trading CFDs with this provider.	76-83% 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. 74.12% 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.	75-95 % 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	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	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, 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

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Seychelles Financial Services Authority (FSA) (SD018)

Roboforex

★★★★☆ (4/5)

Min deposit : 10
Roboforex offers Forex, CFDs
Roboforex was established in 2009 and is used by over 730000+ traders.

Visit Roboforex Try a Demo Read review

Losses can exceed deposits

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by 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

eToro

★★★★☆ (4/5)

Min deposit : 50
eToro offers Social Trading, Stocks, Commodities, Indices, Forex (Currencies), CFDs, Cryptocurrency, Exchange Traded Funds (ETF), Index Based Funds
eToro was established in 2007 and is used by over 35000000+ traders.

Visit eToro Try a Demo Read review

51% of retail investor accounts lose money when trading CFDs with this provider.

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

Web Trader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by 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

XTB

★★★★☆ (4/5)

Min deposit : 0
XTB offers Forex, CFDs, Cryptocurrency
XTB was established in 2002 and is used by over 1000000+ traders.

Visit XTB Try a Demo Read review

76-83% 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.

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, Mirror Trader, Web Trader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by 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)

★★★★☆ (4/5)

Min deposit : 5
XM offers Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs, Energies CFDs
XM was established in 2009 and is used by over 10000000+ traders.

Visit XM Try a Demo Read review

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.12% 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.

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Financial Services Commission (FSC) (000261/4) XM ZA (Pty) Ltd, Cyprus Securities and Exchange Commission (CySEC) (license 120/10) Trading Point of Financial Instruments Ltd, Australian Securities and Investments Commission (ASIC) (number 443670) Trading Point of Financial Instruments Pty Ltd

Pepperstone

★★★★☆ (4/5)

Min deposit : 0
Pepperstone offers Forex, CFDs, Social Trading
Pepperstone was established in 2010 and is used by over 400000+ traders.

Visit Pepperstone Try a Demo Read review

75-95 % of retail investor accounts lose money when trading CFDs

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by 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

AvaTrade

★★★★☆ (4/5)

Min deposit : 100
AvaTrade offers Forex, Cryptocurrencies, Commodities, Indices, Stocks, Bonds, Vanilla Options, ETFs, CFDs, Spread Betting, Social Trading
AvaTrade was established in 2006 and is used by over 400000+ traders.

Visit AvaTrade Try a Demo Read review

71% of retail investor accounts lose money when trading CFDs with this provider

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Australian Securities and Investments Commission (ASIC) Ava Capital Markets Australia Pty Ltd (406684), South African Financial Sector Conduct Authority (FSCA) Ava Capital Markets Pty Ltd (45984), Financial Services Agency (Japan FSA) Ava Trade Japan K.K. (1662), Financial Futures Association of Japan (FFAJ),, FFAJ, Abu Dhabi Global Markets (ADGM)(190018) Ava Trade Middle East Ltd (190018), Polish Financial Supervision Authority (KNF) AVA Trade EU Ltd, Central Bank of Ireland (C53877) AVA Trade EU Ltd, British Virgin Islands Financial Services Commission (BVI) BVI (SIBA/L/13/1049), Israel Securities Association (ISA) (514666577) ATrade Ltd, Financial Regulatory Services Authority (FRSA)

FP Markets

★★★★☆ (4/5)

Min deposit : 100
FP Markets offers Forex, CFDs, Bonds
FP Markets was established in 2005 and is used by over 200000+ traders.

Visit FP Markets Try a Demo Read review

Losses can exceed deposits

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, MT5, cTrader, TradingView, IRESS, Mac, Web Trader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by CySEC (Cyprus Securities and Exchange Commission) (371/18), ASIC AFS (Australian Securities and Investments Commission) (286354), FSP (Financial Sector Conduct Authority in South Africa) (50926), Financial Services Authority Seychelles (FSA) (130)

EasyMarkets

★★★★☆ (4/5)

Min deposit : 25
easyMarkets offers CFD, Forex, Commodities, Indices, Shares, Crypto
easyMarkets was established in 2001 and is used by over 250000+ traders.

Visit easyMarkets Try a Demo Read review

Your capital is at risk

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Cyprus Securities and Exchange Commission (CySEC) (079/07) Easy Forex Trading Ltd, Australian Securities and Investments Commission (ASIC) (Easy Markets Pty Ltd 246566), British Virgin Islands Financial Services Commission (BVI) EF Worldwide Ltd (SIBA/L/20/1135), Financial Sector Conduct Authority South Africa (FSA) EF Worldwide (PTY) Ltd (54018), FSC (Financial Services Commission) (SIBA/L/20/1135), FSCA (Financial Sector Conduct Authority) (54018)

SpreadEx

★★★★☆ (4/5)

Min deposit : 0
SpreadEx offers Forex, CFDs, and spread betting
SpreadEx was established in 1999 and is used by over 60000+ traders.

Visit SpreadEx Try a Demo Read review

Losses can exceed deposits

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

Web Trader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by FCA (Financial Conduct Authority) (190941), Gambling Commission (Great Britain) (8835)

Forex Spread Calculator Review by Andrew Blumer last updated on November 02, 2024

Forex spreads brokers Table of Contents

Forex spreads brokers Explained
6 Factors to Consider when Choosing Forex spreads brokers

Are Your Forex spreads brokers Trusted And Established?
Are The Forex spreads brokers World Leading?
What are the Forex spreads brokers Commissions and Fees?
What are the Forex spreads brokers Funding and Withdrawl Methods?
Find Forex spreads brokers with Round-the-clock support?
Make sure the Forex spreads brokers Offer Comprehensive Trader resources?
Why do Forex spreads brokers need to be regulated?

Related Forex spreads brokers Reviews
Related Forex spreads brokers Alternatives
Related Forex spreads brokers Comparisons
Forex spreads brokers FAQ

Leveraging and Applying the Forex Spread Calculator
How is a Forex spread determined?
Forex spread example calculation

Forex spreads brokers Explained

Trading the financial markets with Forex spreads brokers when conditions are volatile can be difficult, even for experienced traders.

Apart from the educational and other resources made available online, another important factor for traders to consider when looking for Forex spreads brokers is the platform that a Forex spreads brokers offer.

Choose Forex spreads brokers that's at the forefront of innovation and generally considered an industry-leader.

To gain access to the financial markets, you'll need Forex spreads brokers that you can rely on.

6 Factors to Consider when Choosing Forex spreads brokers

Follow these five rules for selecting a broker that's right for you:

Are Your Forex spreads brokers Trusted And Established?

Look for a broker that has a good track record/longevity in the market so that your strategy is your primary concern for navigating the markets. The best rated Forex spreads brokers broker is IC Markets. Established in 2007, IC Markets have a head office in Australia.

IC Markets is regulated. This means IC Markets are supervised by and is checked for conduct by Seychelles Financial Services Authority (FSA) (SD018) regulatory bodies.

Another best rated broker is Roboforex.

Roboforex was established 2009, Roboforex have a head office in Belize.

Roboforex is regulated. This means Roboforex are supervised by and is checked for conduct by Seychelles Financial Services Authority (FSA) (SD018) regulatory bodies.

Broker	IC Markets	Roboforex	eToro	XTB
Year Established	2007	2009	2007	2002
Head Office	Australia	Belize	Cyprus, UK	Poland
Regulation	Seychelles Financial Services Authority (FSA) (SD018)	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)
Used By	200,000+	730,000+	35,000,000+	1,000,000+
Negative balance protection	Yes	Yes	Yes	Yes
Guaranteed Stop Loss	No	No	No	No
Learn More	Visit IC Markets	Visit Roboforex	Visit eToro	Visit XTB
Risk Warning	Losses can exceed deposits	Losses can exceed deposits	51% of retail investor accounts lose money when trading CFDs with this provider.	76-83% 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.

Are The Forex spreads brokers World Leading?

Choose a broker that's at the forefront of innovation and generally considered an industry-leader. IC Markets Segregates clients funds and offers over 2250 instruments. IC Markets offers both an online trading platform as well as a mobile platform giving clients easy access to markets.

In addition, IC Markets supports many popular third-party trading platforms enabling access to a variety of markets worldwide that can be traded with the assistance of expert advisors or a customizable automatic trading strategy. IC Markets is a world-leader when it comes to innovation and they are always looking at ways to improve and to maintain their competitive advantage.

Another good choice when looking for Forex spreads brokers is Roboforex . Roboforex Segregates clients funds and offers over 12000 instruments.

Broker	IC Markets	Roboforex	eToro	XTB
Instruments Available	2250	12000	6000	6000
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
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, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MG, MK, MO, UA, JO, KR,	US, AU, CA, JP, KR, KP, SG, MU, IL, TR, IN, PK, BA, ET, UG, CU, SY, BD, NG, ID, BE, LY, MO, KE, YE, VU, GY, CD, CG, AF, LA, MZ, IQ, IR
Forex pairs offered	61	35	50	57
Forex pairs offered	61	35	50	57
Major forex pairs	Yes	Yes	Yes	Yes
Minor forex pairs	Yes	Yes	Yes	Yes
Exotic forex pairs	Yes	Yes	Yes	Yes
Cryptocurrencies	Yes	No	Yes	No
Commodities Offered	20	21	31	21
Metals	Yes	Yes	Yes	Yes
Energies	Yes	No	Yes	Yes
Agricultural	Yes	No	Yes	Yes
Stocks Offered	2100	0	2042	1696
UK Shares	Yes	Yes	Yes	Yes
US Shares	Yes	Yes	Yes	Yes
German Shares	Yes	Yes	Yes	Yes
Japanese Shares	Yes	Yes	Yes	Yes

What are the Forex spreads brokers Commissions and Fees?

Ensure that your broker is transparent with fees and those dues are competitive.

The best rated Forex spreads brokers broker IC Markets offers competitive offers for Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. IC Markets minimum deposit is 200.

Another best rated Forex spreads brokers broker Roboforex offers Forex, CFDs. Roboforex minimum deposit is 10.

Broker	IC Markets	Roboforex	eToro	XTB
Min Deposit	200	10	50	0
Withdrawl Fees	No	Yes	Yes	varies
Inactivity Fees	No	No	Yes	Yes
Deposit Fees	Varies	No	No	No
CFD Commission Fees	Yes	No	Yes	Yes

What are the Forex spreads brokers Funding and Withdrawal Methods?

When dealing with Forex spreads brokers having convenient funding and withdrawl facilities makes the trading process and your trading experience smoother.

Broker	IC Markets	Roboforex	eToro	XTB
Bank transfer	Yes	Yes	Yes	Yes
Credit Cards	Yes	Yes	Yes	Yes
Paypal	Yes	No	Yes	Yes
Skrill	Yes	No	Yes	Yes
Payoneer	No	Yes	No	Yes
Neteller	Yes	Yes	Yes	Yes

Find Forex spreads brokers with Round-the-clock support?

Customer service is very important when dealing with Forex spreads brokers.

When investing and dealing with brokers customer support can be a range of customer services to assist customers in making cost effective and correct use the brokers services. It can include assistance in installation, training, troubleshooting, upgrading, and cancelation of a product or service.

Forex spreads brokers customer support can include Phone answering services, Live chat support and Email customer service support.

IC Markets support a wide range of languages including English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more

Roboforex support a wide range of languages including English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian

IC Markets and Roboforex offer support where clients are able to call or contact the helpdesk via email or a chat service.

Broker	IC Markets	Roboforex	eToro	XTB
Support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support
Languages	English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more	English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian	English, German, Spanish, French, Italian	English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish
Learn More	Visit IC Markets	Visit Roboforex	Visit eToro	Visit XTB
Risk Warning	Losses can exceed deposits	Losses can exceed deposits	51% of retail investor accounts lose money when trading CFDs with this provider.	76-83% 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.

Make sure the Forex spreads brokers Offer Comprehensive Trader resources?

Make sure your broker offers free resources like analysis, education and risk-management tools. With a wealth of knowledge from best analysts, IC Markets and Roboforex work together to bring the latest news and insights to traders.

For most traders, the first – and sometimes only – concern is pursuing their 'edge'. While that is surely important, along with sound money management habits, to navigating the markets; that step alone does not represent the full preparation. As each trader dives into this important venture, it is important not to forget the most rudimentary yet crucial steps such as selecting the best broker to access the markets.

Why do Forex spreads brokers need to be regulated?

A regulated Forex spreads brokers broker lowers your risk.

Broker regulation protects consumers. Too little broker regulation can lead to poor services and possibly financial harm.

Forex spreads brokers brokers are regulated to stop fraud. The agent's working capital and clients funded account have to be separated. This amounts to fraud if client money is used to conduct the business. Regulation is required to make sure this does not happen.

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Our brokerage comparison table below allows you to compare the below features for brokers offering Forex Spreads Brokers.

Best 15 Forex Spreads Brokers of 2024 compared

All Forex spreads brokers in more detail

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Forex spreads brokers Explained

6 Factors to Consider when Choosing Forex spreads brokers

Are Your Forex spreads brokers Trusted And Established?

Are The Forex spreads brokers World Leading?

What are the Forex spreads brokers Commissions and Fees?

What are the Forex spreads brokers Funding and Withdrawal Methods?

Find Forex spreads brokers with Round-the-clock support?

Make sure the Forex spreads brokers Offer Comprehensive Trader resources?

Why do Forex spreads brokers need to be regulated?

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