Low Spread Forex Brokers
...NDD, ECN, STP
FCA (United Kingdom) license №509956, CySEC (Cyprus) license №078/07, CNMV (Spain) license no. SIA-F184
Open account
МТ4 iPhone, МТ4 Android , МТ4 Windows Mobile, WebTrader, MetaTrader 4 (MT4), MetaTrader 5 (MT5)
Open accountDemo accounts (with a time limit), Standard Accounts, Swap free accounts, Micro accounts
ASIC (Australia) license №443670 IFSC (Belize) license №000261/158 CySEC (Cyprus) license №120/10
Open account
Demo accounts (with a time limit), Standard Accounts, Segregated accounts
ASIC (Australia) license №No.406684, CBI (Ireland) license №No.C53877, FSA (Japan) license №No.1662, FFAJ (Japan) license №No.1574, ISA (Israel) license №514666577, FSCA (South Africa) №45984, B.V.I. FSC № SIBA/L/13/1049
Open account
Unlimited Demo Accounts, Standard Accounts, ECN accounts, STP accounts, Cent accounts, Swap free accounts, VIP accounts, Micro accounts, Segregated accounts
RoboForex Ltd has a special brokerage license IFSC Belize "Trading in financial and commodity-based derivative instruments and other securities" under the number 000138/210.
Open accountMetaTrader 4, MetaTrader 5, Meta Trader 4 Mobile, MetaTrader 5 Mobile, MetaTrader 4 MultiTerminal
Open accountUnlimited Demo Accounts, Standard Accounts, ECN accounts, Cent accounts, VIP accounts
IFSC (Belize) license №IFSC/60/301/TS/17 NAFD (Russia) FSA (Saint Vincent and the Grenadines) license №20389 IBC 2012 AFD (Russia)
Open accountUnlimited Demo accounts, Demo accounts (with time limit), Standard accounts, ECN accounts, Free swap accounts
MetaTrader 4, MetaTrader 5, Meta Trader 4 Mobile, MetaTrader 5 Mobile, MetaTrader 4 MultiTerminal, Web Tarder, TickTrader
Open accountUnlimited Demo Accounts, Standard Accounts, Cent accounts, Swap free accounts, Segregated accounts
BVI FSC, License Number SIBA/L/14/1082, FSC Saint Vincent, Reg. Number IBC22945, Saint Vincent, IBC24321
Open accountMetaTrader 4, Meta Trader 4 Mobile, Forex4you Webtraer, Forex4you Desktop
Open accountMetaTrader 4, MetaTrader 5, Meta Trader 4 Mobile, MetaTrader 5 Mobile
Open accountUnlimited Demo Accounts, Standard Accounts, ECN accounts, Swap free accounts, VIP accounts
Services Authority of Saint Vincent and the Grenadines registered number 20623 IBC 2012
Open accountDemo accounts (with a time limit), Standard Accounts, ECN accounts, STP accounts, Cent accounts, Swap free accounts, Segregated accounts
Financial Services Commission (FSC) BVI, license registration number: SIBA/L/13/1063
Open accountMetaTrader 4, MetaTrader 5, MetaTrader 4 mobile, MetaTrader 5 mobile, WebTrader
Open accountDemo accounts (with a time limit), Standard Accounts, Swap free accounts, VIP accounts, Segregated accounts
FCA - 186171; CYSEC - № 259/14; CIMA - 1442313. DFCA - F000048; Saint Vincent and the Grenadines - 25228 (IBC 2018)
Open accountМТ4 iPhone, МТ4 Android, МТ4 Windows Mobile, WebTrader, MetaTrader 4 (MT4), MetaTrader 5 (MT5), МТ5 iPhone, МТ5 Android, МТ5 Windows Mobile
Open accountUnlimited Demo accounts, Standard accounts, ECN accounts, Cent accounts, Free swap accounts, Micro accounts
Unlimited Demo Accounts, Standard Accounts, ECN accounts, STP accounts, Swap free accounts, VIP accounts, Micro accounts
МТ4 iPhone, МТ4 Android, MetaTrader 4 (MT4), МТ4 Windows Mobile, ZuluTrade
Open accountUnlimited Demo Accounts, Classic Accounts, ECN, STP, Crypto Accounts
МТ4 iPhone, МТ4 Android, МТ4 Windows Mobile, MetaTrader 4 (MT4), МТ5 iPhone, МТ5 Android, МТ5 Windows Mobile, MetaTrader 5 (MT5)
Open accountUnlimited Demo Accounts, ECN accounts, STP accounts, Micro accounts
Demo accounts (with a time limit), Standard Accounts, ECN accounts, Cent accounts, Swap free accounts, Micro accounts, Segregated accounts
FSA - SD025, CBCS - 0003LSI, FSC - SIBA/L/20/1133, FSC - GB20025294, FSCA - 51024, CySEC - 178/12, FCA - 730729
Open accountDemo accounts (with time limit), Standard accounts, STP accounts, Free swap accounts, VIP accounts
Unlimited Demo Accounts, Standard Accounts, VIP accounts
...Demo accounts (with a time limit), Standard Accounts, Segregated accounts
Are you searching for forex brokers for lowest spread? Then look no further. This article will discuss in-depth information concerning the best lowest spread forex brokers out there. These brokers will certainly provide you with a cheap trading solution. Besides, the article will include information on calculating forex spread, but first, we will look at what a low forex spread means.
What is a Low Forex Spread?
Generally, all markets have spreads, including the forex market. Spread refers to the difference between the bid and the ask price of an underlying asset. Forex spreads vary from a trading platform to the other.
The trading currency determines whether the particular trades are low spread. Big pairs have low spreads, while small and exotic pairs have high spreads. For example, EUR/USD is a frequently traded pair and compares spreads among various brokers.
The EUR/USD industry’s average spread is approximately 1.0 pips. Thus, brokers charging less than this are considered low spread brokers. Some of the reasons that might make you want to open a forex trading account with these brokers include:
- You force your ideal broker’s competitors to reduce their spreads after choosing to trade with a particular broker. Thus, you help in developing the retail FX industry.
- These brokers charge commissions that reduce as you trade more. High spreads might not be suitable for quick profits, especially when you trade millions of currencies each day.
- Low spreads are usually associated with small opening and closing expenses.
How to Calculate Forex Spread
Suppose a EUR/USD is buying at 1.13398 and selling at 1.3404. Subtracting the selling price from the buying price, we get 0.00006. Thus, the final cost of spread has 0.6 pips. If trading, let say, a 20K EUR/USD lot, then you will incur a total spread cost of 0.00006 x 20,000 = $1.2.
Best Lowest Spread Forex-Brokers
Some of the best forex brokers for the lowest spread to consider include:
- EToro
- Libertex
- Capital.com
- Forex.com
- TD Ameritrade
Much information regarding these brokers is explained below.