Best Low Spreads Forex Brokers. A spread is the difference in pips between the BID and ASK Price Quotes (buy/sell) of a currency pair such as the EUR/USD in the forex market. Many brokers use a spread to reward themselves for each transaction their customers make. In a word, the spread is the trading cost of each transaction conducted by traders and the basic compensation for forex brokers. Since spreads offered vary from brokers to brokers, finding a forex broker with low spreads is essential and can lower trading costs to a large extent. A low spread typically suggests minimal volatility and great liquidity. Below is our list of best forex brokers with low spreads for your reference.
Best Low Spreads Forex Brokers
IC Markets is considered safe because it is regulated by the top-tier ASIC. Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.32% of retail investor accounts lose money when trading CFDs with this provider.
XM Group is considered average-risk, with an overall Trust Score of 90 out of 99. XM Group is not publicly traded, does not operate a bank, and is authorised by two tier-1 regulators (high trust), two tier-2 regulators (average trust), and one tier-3 regulator (low trust).
Exness (Cy) Ltd is a Cyprus Investment Firm, authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 178/12.
No, EightCap is not a scam, it is a low-risk trading broker due to a strict regulatory or compliance culture done by a reputable license and follow of regulation set by the Australian Securities and Investments Commission (‘ASIC’), recognized world authority which regulated Forex and trading industry.
FP Markets is an Australian contract for differences and forex trading broker headquartered in Sydney at Exchange House 10 Bridge in the adjoining building to the Australian Securities Exchange.
TMGM, or Trademax Global Markets, is an Australia-based global forex broker founded in 2013. Lee Yu is CEO of CFD trading platform TMGM, which is rising in global profile and recently announced a multi-year sponsorship of the Australian Open tennis tournament, starting in 2021.
FOREX.com is part of StoneX Group Inc. (NASDAQ: SNEX), a publicly traded company, and meets the highest standards of corporate governance, financial reporting and disclosure. StoneX has a proven record of financial strength and stability, with resources to continue to innovate and lead the industry forward.
It takes just $100 to open an account and AvaTrade offers no volume discounts or guaranteed stop losses. They charge a $50 fee after three months of account inactivity and a $100 administration fee after one year of inactivity.
Pepperstone is considered low-risk, with an overall Trust Score of 93 out of 99. Pepperstone is not publicly traded, does not operate a bank, and is authorised by two tier-1 regulators (high trust), two tier-2 regulators (average trust), and one tier-3 regulator (low trust).
FXTM or ForexTime was founded in 2011 and is a global CFD and FX broker. The minimum deposit at FXTM is $50. FXTM does not offer its services to residents of: USA, Mauritius, Japan, Canada, Haiti, Suriname, the Democratic Republic of Korea, Puerto Rico, Brazil, New Zealand, the Islamic Republic of Iran, the Occupied Area of Cyprus and Hong Kong.
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