Lowest spread forex broker comparison

Low Spread Forex Brokers 2017.

Forex brokers with low spreads are especially popular among scalping supporters, because this trading strategy means opening a lot of deals within one day, and under these conditions a commission may amount up to 100 pips. To cut their costs on forex operations the traders opt for dealing desks with low spreads. There are traders who consider this to be the main selection criterion. Due to low spreads financial losses decrease, which favorably compares with the basic principles of a trader: to make profit and to secure personal funds. Brokers which are listed here offer floating and fixed spreads of different values, but always either on minimal or medium levels. Of course, it is possible to make a big initial deposit, but brokers offering micro and mini accounts allow trading bit-by-bit anyway.

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7 Regulated Forex Brokers with Tight Spreads.

When you trade in Forex you are not buying and selling currencies, but are making wagers upon whether currencies will rise or fall in value. You always opt for paired currencies to trade, in expectation your chosen currency will rise against falling prices of the paired currency. One of the best ways to assist learning Forex trading is to trade in the currency of your own country at first. You are more likely to recognise developments and news releases that will affect the price of your own currency, so profits may well be higher. When you have developed a confident trading manner, move on to trading global currencies.

Most brokers provide demo accounts, allowing new customers the ability to find out more about Forex trading before depositing capital. You can also source a good deal of free information, learning, education and seminars or webinars from good brokers, if you want to learn to trade successfully and with confidence.

If you’re searching around for trusted and regulated forex brokers offering the best tight spreads for 2017, check out the following listing:

1. Core Spreads.

Core Spreads provides a good welcome bonus of up to 50 percent on the first month’s spreads, and offers traders some of the tightest spreads available in the industry, starting at 0.7 pts. The CorePoints loyalty programme is a good way to earn cash rebates, based on trading activities throughout the month and provides up to 25 percent in bonuses.

2. ETX Capital.

ETX Capital is an award-winning British broker providing a variety of platforms to clients. The forex trading platform provides very tight spreads on popular currencies, from 0.7 for EUR/US$ to 0.9 for EUR/YEN and AU$/US$. ETX Capital is fast establishing itself as one of the most popular and trusted forex trading brokers in the market.

3. Spread Co.

This broker provides tight spreads across various currency pairs, for example EUR/US$ and offers new traders opportunities to learn about spread betting on Forex via a useful demo account. If you’re new to trading Forex take as much time as needed to learn tricks of the trade via the dummy account. Spread Co is a British company and regulated by the Financial Conduct Authority in the UK, one great aspect of this provider is that low cost trading gives clients chances to trade for just £1 per point.

4. CMC Markets.

This is a popular choice amoung new traders, with access to a great free demo account with excellent charting. CMC Markets has tight spreads which start at 0.7 pts and with 330 currency pairs to choose from, there’s sure to be a pairing to suit any trader. Clients who trade regularly each month may qualify for the CMC Rewards programme which provides cash rebates on all qualifying trades.

5. 3D Markets.

This company also gives frequent traders cash back at the end of each month. The rewards system pays up to 10 percent of the total monthly spread straight back to customers. With 3D Markets traders can trade forex as a spread bet or CFD, with more than 35 currency pairs to choose from. 3DMarkets spreads are fixed during market hours and start at 0.8 pts. This broker provides a demo account to new customers with £25,000 in virtual cash to trade.

6. Markets.

New customers can sign up for a £100,000 practice account with Markets to learn to trade forex online. The broker gives a £25 welcome bonus and has tight, competitive spreads. Clients can trade a variety of currency pairs, including exotics and virtual Bitcoin.

7. DF Markets/a>

DF Markets is a UK-based forex trading provider, giving tight spreads at low rates of commission. Leverage up to 200 times the cash deposit is available, so clients may only need to deposit £100 but will have ability to trade up to £20,000.

When you’re selecting Forex brokers to handle your trades, don’t be swayed by the best welcome bonus deals alone. Insist that the brokers are registered and regulated by a trusted body such as the Financial Conduct Authority in the UK or CySEC in Cyprus, these authorities provide customers with the best protection against unscrupulous brokers. All Forex traders must be over the age of 18 and need to be fully aware that dealing in currencies via brokers can be a risky investment. Don’t to trade more than you can afford to lose.

Disclaimer: Some of the links in this article may use affiliate links, meaning that we receive a commission if you setup an account with a broker after visiting them through our link. These commissions help to cover the costs of running this website, and do not add any extra cost to you (in some cases, it provides you with better rates), as our commission is covered by the broker.

Best ECN Brokers With The Lowest Spreads and Commissions.

Updated Nov. 20, 2017.

A low spread is one of the main criteria of a trader when choosing a broker. Scalpers in particular, which are the most frequent traders need a low cost transaction fee as much as possible, and an ECN broker that offers tight spreads with low commissions is the best option.

Why trade with an ECN Forex Broker?

Global Prime FX is an Australian based broker located in Sydney and is currently regulated by the Australian Securities and Investments Commission (ASIC). This broker boasts of it's transparency, top tier customer support, and Prime Broker relationship.

Min Deposit: $200.

Exness is based in Saint Vincent and the Grenadines and is currently regulated by the Cyprus Securities and Exchange Commission (CySEC), and Financial Conduct Authority (FCA) in the UK. This broker was founded in 2008 and is now one of the leading forex brokers. They also disclose their liquidity providers which proves that they are also a true ECN broker.

- Offers raw spreads from Interbank Foreign Exchange Market.

- No minimum Stop Loss and Take Profit levels.

- Provides quick withdrawals, not only deposits.

- Quick response from customer support representatives.

- Does not trade against you by hedging your trades/taking the other side of your trades, but instead routes your orders to their liquidity providers or matches it with other clients' orders.

- Charges commission for each trade instead of spread markups.

- Tighter spreads due to strong competition from several liquidity providers.

- Prices are much more volatile which is good for scalpers.

True ECN Brokers have Market Maker systems too.

The potential of forex trading.

So if you're just starting out, it's best to start with a small capital and trade using the smallest lot size. This way you won't lose a lot and will be able to stay longer in the market.

45 comments:

i'm currently with ic and yes they have very low spreads. i also try other brokers to compare spreads but ic is my main broker.

I like that you provided a detail about how to identify true ecn brokers. Thanks for this info.

I agree with IC Markets being included in this list. Its true that very few brokers disclose their liquidity providers, thats why im glad that I transferred to ICM.

You made the right decision man.

Hello, which broker are you currently using?

I'm currently with IC Markets because they are good for scalping.

why fxcm not in this list?

FXCM is not ECN Broker, they are NDD but not ECN.

My broker FXPro is not in the list.

I actually ed and asked FXPro if they are an ECN broker and they said they're not. I think they are NDD/Market Maker Broker.

I didnt care before if its market maker or ecn im trading with, buy now after reading this conflict of interest, it opened my eyes.

It doesn't really matter if your account is less than $1000, but if it's more than that, it's better to trade with an ECN.

Hello admin, which of these 3 brokers do you think is the best based on your experience? Waiting for reply.

I can't say which, because all these brokers are excellent. But I can assure you that they are one of the best.

Nice info. Now i know what is a true ecn broker.

hello. Which kind of trader do you think is best? Scalper, intraday trader or long term trader?

I think the best is the long term trader because they are the least stressed type of traders. They just open positions then they leave it for days or weeks, unlike scalpers and intraday traders that have to keep a close watch on their trades.

Hello sir. Im newbie, I would like to know what trading strategy and leverage do you use.

I'm actually a long term trader now from being a scalper. My strategy is Swing Trading and Breakout Trading, and my leverage setting is just 1:50.

very good write up.

eToro is the ultimate forex trading platform for new and full-time traders.

eToro is popular, but they are a market maker broker which I don't recommend.

I agree eToro is not that good. They were my first broker. The whole social trading thing they have, where you can follow and copy other traders was nice, but that was it. Spreads were VERY high, and my trades always seemed to lag 2-3 pips behind their charts when I started winning.

Lots of information in this article, I learned a lot. thanks.

Success is to be measured not so much by the position that one has reached in life as by the obstacles which he has overcome while trying to succeed. For success in Forex trading its important to followtrue reliable forex signals services for the good profits on your forex trading investments. Sometimes the people around you won't understand your journey. They don't need to, it's not for them.

I checked out your website and it looks promising. I will give the 7-day trial a go and see if it's worth it.

Sure, subscribe to the trial version, get 60% plus accurate trading signals and make good profit ratio on your investments.

I only see advantages of trading with an ecn broker. Arent there any disadvantages?

mmmmmm. I can't think of any. hehe.

Is FxTM also an ECN broker?

I read online that fx broker Alpari dont offer any commission on their ECN Mt4 account, does this mean they aren't a true ECN broker?

They don't charge commission on their ecn. mt4 accounts but they do on their pro. ecn. mt4 accounts. So they are also a true ecn broker.

So why you didn't include them? I'm asking this cause they offer lower commissions: (2$ per lot for opening or closing a trade = 4$ per lot). Also their commission really depends on the % of lot, for instance 0.8 lot will cost 2x2x0.8=3.2$ and not 4$.

Thanks for the write up, pls which broker can you recommend for fundamental trading.

I would strongly recommend you.

Global Prime since they are good for fundamental traders.

My broker says they are ecn but they have fixed zero spread. Now I'm having doubts, thanks for this info.

If they have an ECN Account that has variable spreads, that's the account type you should choose. But if they don't have that, then they a are fake ECN broker.

Thanks for the advice.

Whats the major differences between ECN brokers and ND/Market Maker brokers? Please enlighten me and then if ECN brokers are better, why is the majority still using the other brokers.

There are 2 main differences.

Why is not Pepperstone in the list. I saw them in many ECN broker rankings.

I know a person who was profitable but was suspected of arbitrage trading by Pepperstone even if he wasn't. Pepperstone closed his account for being profitable, not for violating their Terms of Service.

Compare EUR/USD Broker Spreads.

Figures in small type are the minimum and maximum spreads, which show the difference between normal and fast market conditions.

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