Low Spread Forex Brokers

  1. What is Low Spread in Forex Brokers?
  2. Low Spread Forex Brokers
  3. Low Spread Forex Brokers List

What is Low Spread in Forex Brokers?

In Forex, a low spread is a gap between the bid and the ask prices of a security or asset that is lower than the industry standard which is 1.2 pips for EUR/USD based on our research, it also represents a cost paid by the trader to his trading provider or the broker.

  • It is obvious that the low spread is one of the most important requirements for many traders when choosing an appropriate broker. Read more about Spread on Wikipedia.
  • Yet, Compare all sides of the broker’s proposal and select the best suitable company to your trading needs and of course select only a regulated broker with transparent conditions that ensure the safety of funds.
What is good low spread?
🏦 SpreadLow Spread ranges for EUR USD 0.1- 0.9pips
💰CommissionNo
📈LeverageYes
📉PositionsSell and Buy

What is a Low Spread Forex Platform?

Based on our research, it is not the platform that provides low spreads, but the brokers that offer their conditions through trading platforms. In fact, the platform range can differ depending on the broker, see cTrader or MT4 Brokers, here are also some of our notes about Low Spread Platforms:

  • Typically lowest spread brokers perform through NDD or bridge connection to the markets gaining access to interbank quotes which may add just a small markup to cover costs.
  • We highly recommend always checking carefully if there are any additional costs apart from the low spread, which may add on commission per trade. And last but not least, there is a huge competition between trading providers that push companies to offer the best possible spread.
  • Lower spreads are mainly offered with a significant capital requirement or for traders with big volume activity, yet some brokers offer Standard accounts with good costs too.
  • However, make sure to choose the broker properly taking into consideration your trading preferences and level of expertise. Also, pay attention to other fees like commission fees, deposit/withdrawal, swap, rollover, and other non-trading fees.
Low Spread AdvantagesLow Spread Disadvantages
Potentially Lower Costs for TradingLow Spread brokers still can charnge other trading and non-trading commissions
Low Spread prices are closer to interbank ratesLow Spreads doesn't mean the broker is good
High LiquidityFloating spread is not stable Low, can be very high at times
Low spreads Brokers are good for Auto trading and Robot Trading High Volatility
Higher spead of execution

Top 5 Best Low-Spread Forex Brokers

Here we defined a selection of Top Forex Brokers with Low Spreads and excellent trading conditions, also marked overall proposal as good with Low Spreads compared to industry reviewed by our financial experts:

  • HFM – Bets Overall Low Spread Broker 2022
  • BlackBull Markets – Best Low Spread Broker for Professionals 2022
  • FP Markets – Best Low Spread MT4 Broker 2022
  • Pepperstone – Best Low Spread Broker for Beginners 2022
  • BDSwiss – Best Low Spread Auto Trading Broker 2022

Which forex broker in Australia offers low spread?

To operate properly in Australia, forex brokers have to be authorized and regulated by ASIC following strict compliance of procedures. Here are some of the most popular Australian brokers offering low spreads: FP Markets, Pepperstone, AvaTrade, IC Markets, etc.

Why is low spread important in forex?

Low spreads mean that the difference between ask and bid is low so the volatility is low and liquidity is high. Hence it is preferable to trade low spreads during major forex sessions, also is important for some strategies like scalping and auto trading, however full conditions should be verified to see full picture.

List of Forex Brokers with Low Spread

Here is our list of the Forex Brokers offering Low Spread with good regulation and defined as low spreads conditions:

Broker Detail
HFM
Min. Deposit: 5 US$
Max. Leverage: 1:30 | 1:1000
Trading Platforms: MT4, MT5
Regulation: CySEC, FCA, DFSA, FSCA, FSA, CMA
1
HFM Review
BlackBull Markets logo BlackBull Markets
Min. Deposit: 0 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5
Regulation: FMA, FSA
2
BlackBull Markets Review
FPM logo FP Markets
Min. Deposit: 100 US$
Max. Leverage: 1:30
Trading Platforms: IRESS, MT4, MT5
Regulation: ASIC, CySEC, St. Vincent and the Grenadines
3
FP Markets Review
Pepperstone Review Pepperstone
Min. Deposit: 200 US$
Max. Leverage: 1:30 to 1:400
Trading Platforms: MT4, MT5, cTrader, TradingView
Regulation: ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN
4
Pepperstone Review
BDSwiss Review BDSwiss
Min. Deposit: 100 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5, BDSwiss Webtrader and App
Regulation: FSC, FSA
5
BDSwiss Review
FXchoice Review logo FXChoice
Min. Deposit: $100
Max. Leverage: 1:200
Trading Platforms: MT4, MT5
Regulation: FSC
FXChoice Review
FBS
Min. Deposit: 1 USD
Max. Leverage: 1:3000
Trading Platforms: MT4, MT5, FBS trader
Regulation: CySEC, FSC, FSCA, ASIC
FBS Review
Eightcap
Min. Deposit: 100 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5, TradingView
Regulation: ASIC, SCB
Eightcap Review
Orbex Review Orbex
Min. Deposit: US$100
Max. Leverage: 1:500
Trading Platforms: MT4
Regulation: MFSC
Orbex Review
FXCC Review FXCC
Min. Deposit: No minimum deposit
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4
Regulation: CySEC, SVG FSA
FXCC Review