Once we start to trade in the Forex Market, we’ll quickly realize that there are some features and objectives that are more important than others. In particular, from a financial point of view, we’ll quickly realize that one of the biggest voices on our income/outcome will be the spread.
That’s why so many people are constantly on a quest for finding the lowest spread forex broker.
If that’s your case too then you are in the right place: here’s our shorten list of the best major FX Brokers with the lowest spreads on the market based on the data gathered by financial experts of the Invenstingoal website.
- Pepperstone
Pepperstone is an Australian-based broker which expanded its services around the world that offers many advanced solutions for trading veterans, while targeting at the same time newbie traders.
To reach this objective it offers many kinds of different accounts, each one linked to a specific trading style which all aims to have the lowest spread ratio between Forex brokers available online. As a matter of fact, during a high liquidity time Pepperstone may also drop its spread to zero while offering at the same time a 0.16 pips average spread.
- IC Markets
Yet another Australian based broker that reached international fame, IC Markets gives you access to hundreds of tradable instruments while charging 0 spread during specific market times. It has a 0.1 pips average spread that gives IC Markets one of the highest positions on the podium of the best Forex broker with the lowest spreads ratio.
That’s also one of the reasons why IC Markets is often chosen by both veteran and new traders.
Regarding the charm that it has on the trader wannabe niche, it is related mostly to its longstanding reputation as a legitimate and trustworthy broker, that even gives access to its service with no need of a minimum deposit. It also gives those with more experience to have access to good deals on many financial access and very low trading costs.
- com
XM.com has become one of the most important brokerage services regarding the FX world, with an offering on spread low as even zero pips and an incredible amount of financial instruments (more than one thousand!) extremely useful to start practice high level of Forex trading.
In addition to that, this broker not only keeps its cost particularly low if compared to the competition, but it does that while keeping also its minimum deposit as low as $5. That’s one of the main reasons for those new to online FX trading for choosing this broker, together with the chance of opening an unlimited free demo account.
- FX Pro
This brokerage service came straight out of the United Kingdom, and has an incredible reputation in the Forex community. It built up its reputation thanks to hundreds of millions of executed orders, spreads as low as zero pips on specific currency pairs and a 0.45 pips average rate for the remaining currency.
While having the reputation of being one of the “cheapest” brokerage services for Forex trading, it can also be proud of having in its palmarès a series of awards for many winning features about the FX word and all the services regarding it. On the top of that, FxPro is also considered as a top-tier NDD broker, meaning that it is subject to order execution policy.
To start your financial journey with this broker you’ll have to deposit just as $100, while you can choose a floating or fixed spread for your future operations. All of this is possible thanks to the evergreen MT4 platform, freely offered from the broker to its customers.