Lowest Spread Forex Brokers

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Lowest spread Forex brokers
Lowest Spread Forex Brokers

If you are dealing with Forex you will definitely be looking for a way to do this cheaply. If you want to do it at the minimum cost, choosing the lowest spread Forex brokers is one of the great options.

In this article, I will explain how to choose the best low spread Forex broker for your trading.

What is Forex Spread?

When you trade-in the Forex market you have to buy and sell, In here buying price and selling price are determined. The difference between this selling price and the buying price is called the Forex spread.

No matter what the trade, everyone wants to make more profit at a lower cost. If brokers charge high commissions and fees traders will be inconvenienced. Traders hope to make more profit and pay less to brokers.

Simply put, any trader will choose brokers who charge the lowest fees. All you have to do is find a broker who does not charge the lowest commissions and extra fees.

Why Spread is Important for Forex Traders?

When trading with low spreads, it costs less and you can keep a good profit.

Below I have mentioned the 5 best lowest spread Forex brokers so you can read them and choose who are the best brokers.

Best 5 Low Spread Forex Brokers

  1. Forex.com
  2. Pepperstone
  3. IC market
  4. FXTM
  5. XM

You can choose a broker that benefits, charges the lowest commissions and the lowest spread fees. and also, must be a regulated broker with a good reputation.

Forex.com

Founded in 1999, operates as a regulatory company and provides reliable service, and also provides over CFD instrument and different technology with desktop and mobile facilities. Approximately over 80 currency pairs available and low Forex and stock index CFD fees. In addition, provides great customer service.

Pros
  • Demo account facilities
  • No withdrawal fee
  • Low minimum deposit
  • Low Forex spreads
Cons
  • High stock CFD fees

Pepperstone

Founded in 2010 and opened a London office in 2015. It is a regulated company in Australia. They hold market research and also provides desktop platform, meta trade 4(MT4), meta trade 5(MT5) platform facilities, in addition, they provide demo account facilities also over 180 CFD instruments.

Pros
  • Social trading platform
  • Great trading tools and educational videos
  • Low Forex spread
  • Great customer service
Cons
  • High minimum deposit

IC market

IC market was founded in 2007 and it is regulated by CYSec.They provide competitive spreads for Forex and CFD traders. In addition, they supply social copy trading platforms, MT4 platforms, and MT5 platforms, they have over 61 currency pairs.

Pros
  • Free withdrawal fee
  • Free deposit fee
  • Best customer service
  • Demo account facilities
  • Low Forex spread
Cons
  • Relative withdrawal time is a bit late

FXTM

They founded in 2011 and this is regulated by CYSec and FCA. FXTM provides trading platforms MetaTrader 4, MetaTrader 5, and MetaTrader mobile global Forex trading platforms also have over 55 currency pairs, they give excellent customer service.

Pros
  • Great customer service
  • No deposit fee
  • Low Forex spread
Cons
  • Relative withdrawal fee

XM

Founded in 2009 and it is regulated by CYSec and ASIC, Also, they provide demo account facilities for beginners and 2 trading platforms and MetaTrader 4, MetaTrader 5 platform facilities, addition they have 700 financial instruments, and over 55 currency pair.

Pros
  • No deposit fee
  • No withdrawal fee
  • Low Forex spread
Cons
  • Inactivity fee

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