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Forex brokers spread comparison




The most recent and regularly updated Forex spreads comparison table.

Compare and get the best deal!

Notes:
Many brokers offer the same spreads on Mini and Standard accounts.
If spreads on those accounts differ, we list spreads for STANDARD accounts.


Read more...


Broker discussion area

trader

December 15, 2010

i am doing trade in avafx.com but the problem is high spread can tell me who is low spread and fixed spread with ECN


BrokerGuru

November 25, 2010

Are you trading on MTXtreme?
It's commission based. http://www.fxdd.com/en/forex-trading-software/mtxtreme.html


trader

November 25, 2010

trader , i started FXDD practice forex , all times they charge 15 commissiom for each lot ! they say spread low 2pips.WHy!!!!!!!!!!!!!!!!


BrokerGuru

October 29, 2010

Updated. Thank you!


trader

October 29, 2010

Please update Bulbrokers spreads.

Thank you.


trader

September 16, 2010

great information.


BrokerGuru

September 8, 2010

My pleasure! Thank you!


trader

September 8, 2010

Thank you for this great site. It saved me hours of research.


BrokerGuru

March 29, 2010

Hi RahmanSL

they don't send updates, so thank you for this information. The listing has been updated.


RahmanSL

March 20, 2010

Hi BG,

Again I don’t know why no Tadawul FX people are in here updating info on their company.

Their Std account has been reduced to USD5,000 and max leverage increased to 500 : 1

Premium account is USD150,000 Leverage 100 : 1

As posted in another of your section, they do offer WTI oil spread at 5 pips, Gold 50 pips for Std & Premium (80 pips for Mini) and Silver at 5 pips. **P/S: I made a mistake in Gold spread in the earlier post.

Their web site also state they have segregated accounts (Quote: .. traders funds and assets are held in segregated accounts, apart from other clients’ funds and apart from the company accounts…. Your funds are kept in a specific dedicated account in a secure bank, completely segregated from company accounts. Unquote)

Cheers!

RahmanSL


BrokerGuru

March 6, 2010

It is not available and in the nearest future won't be added, I'm sorry.


trader

March 5, 2010

AUD/NZD spread available?


BrokerGuru

February 24, 2010

There is a place for everyone in Forex, although it takes time to become an expert.
In your case it is the same advice: keep on trading while studying more about the proper trading.

I make my fair share of profits in Forex trading, but it took me 4 years to get to the level, where I was no longer counting losses.

It is against the website policy to recommend any broker. Please use our comparison table and facts to make own choice.


trader

February 21, 2010

thanks for this site i would like to know more about alpari uk. i have an account with this broker but i see no progress with my trading . is he a reliable broker. so far i have lost 15000usd for the pas two years. the moment i open a position the market starts to go agaist me instantly.
Are you guyz making money out of forex? what should i do to become succesful too


BrokerGuru

February 12, 2010

Thank you!
The updates have been made.


Pro Finance Group

February 12, 2010

spreads has been changed Pro Finance Group

EURUSD - 1,5
GBPUSD - 2
AUDUSD - 2,5
USDJPY - 2
USDCHF -2
EURCHF - 2,5
EURJPY - 3

Thank You!


BrokerGuru

February 5, 2010

I haven't tried those brokers, but here are some facts to get you started:

- CG FOREX is non-regulated market maker from Belize. Spreads 2 pips fixed.
- Forexial is a non-regulated market maker from Dominica. Spreads 2 pips fixed.
- Fixfx doesn't exist. I think you meant Figfx - it is a non-regulated broker from US. Spreads 1 pip fixed, but the minimal distance for your stops and profit targets is required to be at least 10 pips.
Haven't checked about the limits for the other two brokers.


trader

February 3, 2010

has anyone tried fixfx, cgforex or forexial? they seem to have good spreads and claim that stops are definately executed at the stop price, but they all lie of course.


trader

February 2, 2010

anyone know of any fixed pip brokers for gbpusd that are 2 pips or less and reliable? I really need fixed pip for my strategy so looking for another broker to go with my variable broker.

cgforex or forexial look good but no reviews on them. oh and they need to take united states accounts.


BrokerGuru

January 23, 2010

Update: I'm postponing it for later - got too many questions from traders recently, which keeps me busy.


BrokerGuru

January 23, 2010

No, not much at all.
But will take some time.

I'll try to put it together in several days. Thank you for your suggestions!


RahmanSL

January 22, 2010

Hi BG,

Just a suggestion; yah!

Is it too much trouble to add type of Broker to each of the Brokers listed in this section?
Reason I am asking is that I see their spread, and then I have to go to the other section to see whether the Broker is an ECN/STP or a Market Maker.

Best regards

RahmanSL


trader

January 8, 2010

One Financial have recently changed their spreads, and they are saying that the spreads are fixed!!

http://www.onecfd.com/assets/support/docs/1262951665.pdf


BrokerGuru

January 2, 2010

Thank you!


ForInvest Group

December 31, 2009

ForInvest Group (www.forinvests.net)
Please update listing as follows:
All USD pairs: 1 pip
All other pairs: 5 pips


BrokerGuru

December 30, 2009

Thank you, Rahman

May the New Year bring lots of joy, and lots of pips to you as well!


Rahman S.

December 30, 2009

Hi BG,

Nearly there yah!...I mean year 2010.

Yup! Agreed with you 100%... I am practicing on all 4 Demo accounts and averaging 30% profits in all 4 platforms.
And yup! You area right too...I am getting use to the MT4 platform, but still have a lot to learn how to utilize the various tools. One thing I notice missing in MT4 is the "percentage changes" in market which is present in EasyForex platform.
This is one of the key reason that I have to continuously refer to EasyForex platform for ease and instant reference to the percentage changes (of all their offered currency pairs, plus WTI Oil) plus the Highest & Lowest market movement for the day.
I don't know quite how to explain it, but if you take a look at EasyForex platform you will understand what I am getting at.
MT4 is great, but for Newbies like me, there are just too many information that becomes rather confusing to me.

Yes, if only EasyForex spread can be lowered to a better spread of around 2 pips, I would have no hesitation to go Live with them.

Ok BG, wish you a fantastic New Year, and may your new year be fill with many2 pips in your favor : D

Best regards

Rahman S.


BrokerGuru

December 30, 2009

Do they?

Tadawul offered: 0.8903 - 0.8907 = 4 pips
EasyForex offered: 0.8901 - 0.8906 = 5 pips

MB Trading offered: 0.89139 - 0.89140 = 0.1 pip
EasyForex offered: 0.8902 - 0.8907 = 5 pips

FXopen offered : 0.8904 - 0.8907 = 3 pips
EasyForex offered: 0.8901 - 0.8906 = 5 pips

EasyForex spreads are 5 pips all the time.
The fact that the price quotes (Bid ans Ask) itself differ, doesn't mean anything to trades in the end, e.g. if Tadawul has Bid price of 0.8903 and EasyForex has 0.8901 for AUD/USD, how does it help a trader? It doesn't help in any way. What matters is the spread a trader pays when entering a trade, and as you can see, EasyForex has the highest spread (5 pips) in all 3 cases.


Rahman S.

December 30, 2009

Hi BG,

I want to highlight some unusual trading spread (AUD/USD) among some brokers on 30-Dec-2009 (1300hrs +8GMT):

Tadawul offered: 0.8903 - 0.8907
EasyForex offered: 0.8901 - 0.8906

MB Trading offered: 0.89139 - 0.89140
EasyForex offered: 0.8902 - 0.8907

FXopen offered : 0.8904 - 0.8907
EasyForex offered: 0.8901 - 0.8906

What I mean is that EasyForex is supposed to be a Market Maker, and yet they beat everyone of the other 3 major brokers in AUD/USD spread.

What do you think happened here BG?

Best regards

Rahman S.


BrokerGuru

December 24, 2009

Thank you, Rahman

you also have wonderful holidays and a prosperity in the new year and forward!


Rahman S.

December 24, 2009

Hi BG,

Yes, I did check out that recent addition spread comparison for Oil (and silver & gold).
I commented that EasyForex spread for oil is 12 pips and not 7 as listed there.

Thanks for your comments on FOREX.com.

I have downloaded quite a number of trading platforms from various broker companies into my PC to try out their demo account. Will that do any harm to my PC?

Thanks BG, and have a Merry Christmas & a bright & prosperous New Year 2010.

Rahman S.


BrokerGuru

December 20, 2009

Hi Rahman,

Check out this link:
https://www.100forexbrokers.com/gold-silver-oil-cfds

There was a column for Oil spreads added recently (not much to compare), I'm still working on it.

----- found your other question about FOREX.com
It is a large reputable and regulated Market maker - with over 10 years in the industry already.
This broker sure knows what matters most to its clients and always tries to compete within its capabilities. (Behind them is Gain Capital Group - a place for institutional Forex traders).
If you decide to give them a try, you won't be wrong.


BrokerGuru

December 20, 2009

Thank you,
Alma forex has been removed.


Rahman S.

December 20, 2009

Hi BG, thanks for your reply.

Who are the brokers who can offer reasonable spread (like 2-3 pips) for Crude oil?
EasyForex spread is just too wide...at least 12 pips and above.

Thanks & regards

Rahman S.


trader

December 20, 2009

Alma Forex is non existent now.
Thank you.


Rahman S.

December 19, 2009

BG,

Thanks for your clarification.

I've been practicing on EasyForex demo account for almost 3 months now, and, after losing almost usd200k of play money, there is a lot of truths in the saying, "Making profits is easy. Keeping it is not!".

EasyForex platform is very easy and straight forward to use and I've got so use to it that I find it difficult to use other forex trader's platform. However, I find EasyForex spread a bit high which makes it difficult to make much money on scalping.

I came across another forex trader called "FOREX.Com", and their spread looks much better than EasyForex.

Anybody have any dealings with FOREX.com?? I am thinking of using them for my real live trading account if they are trust worthy and reliable.

BG, thanks again for this fantastic site, and I don't see any comparison in other web site in quality and information.

Thanks & regards

Rahman S.


BrokerGuru

December 6, 2009

Hi Rahman,

spreads is definitely one of the key factors, but not the only one.
We also have regulatory questions and safety of deposits, we have different funding/withdrawal options, which might change a lot to some traders; then we have various lot sizes, where if you don't want to risk a lot, you'll be looking for a specific lot size, with it comes leverage question and so on, not to mention the last but not least a minimum deposit requirement to open a live account.
There are lots of variables to consider besides the lowest spread, and what's good for one trader might not suit another trader.


Rahman S.

December 5, 2009

BG,

One thing I don't understand.

Since we have your list of spread comparison, why doesn't every trader simply sign-up with the Forex Trading company who offers the most competitive spread? Or is this not as simple as it looks?

Regards

Rahman S.


trader

November 27, 2009

Admiral Markets made serious horrible changes in the last months increasing spreads and increasing them even more at asian session.


BrokerGuru

November 26, 2009

Thank you!
The listing has been created.


ForInvest Group

November 25, 2009

ForInvest Group: Swiss Forex broker ( www.forinvests.net )
USD Pairs: 2 pips spread (Fixed)
All other pairs: 5 pips spread (fixed)


BrokerGuru

November 18, 2009

Hi there,

I don't have such precise data about the tightest spreads, I'm truly sorry.

Great posts and research, by the way.
Everything you've mentioned here is exactly the way it works.
You have few truly competing brokers to go with after you do a proper search with your own criteria. Regarding ECNs, they all have different and some common liquidity providers among banks. Last ones quote spreads according to the agreement they have with a dealer. The lowest spread is 0 pips, which happens sometimes, rarely, but it does. If you most of the time get a spread lower than 1 pip with an ECN, that's a good result.
ECNs charge commission, so you should be adding it to a spread, as you did, after that you'll get a true value of a trade cost. Just to keep in mind that when you compare the final trade cost with other brokers, with ECN (comparing to a dealing desk) you still have an advantage and better trading conditions overall.


trader

November 17, 2009

Hi,

I am demo testing FXCBS (UAE) and Pronextfx (UK) on their ECN/MT4 platform simultaneously.

There is significant difference in spreads. Both are showing six digit pricing (1.48617) with last digit printing
anything between 0-9, so price is displayed in 0.1 pips as smallest number.

FXCBS shows spreads around 0.9-1.1 pips for the last 5 min.

Pronetfx shows spread between 1.6 to 1.9 pips for the last 5 min.

I wounder how this ECN network really works. I first thought that all banks and brokers was connected to it
and everybody was sending their buy and sell orders for everybody to see. But it seems that every broker has
made separate deals with different banks, so one broker may have Deutsche Bank and JP Morgan feeding them buy and sell orders and another may have Goldman Sachs and Barclays and some may even have the same but may have
different agreement of spredas etc. I am only speculating out laud because I do not know exactly how it works. Please enlighten me.

If one is paying $8.00 in commission for a round trip ($4.00 per side) for one lot (100.000) and 1 pip is $10.00, that is
the same as paying 0.4 pip spread. The question is who has the tightest spread?


trader

November 17, 2009

Hi,
Very good site you have created here BrokerGuru and it is getting better and better over time with more reviews from users.

I have used your Cyber Search feature, searching for brokers with ECN and MT4 plattforms and suddenly there only two handfulls of brokers left to check out in the world.

True ECN/MT4 brokers are few, I have only find ATC Brokers (USA), MB Trading (USA), PFG Best (USA), Pronetfx (UK) and FXCBS (UAE). These brokers charge commission and no spread.

There are also many more brokers offering ECN/STP/MM (Market Maker) with MT4 like FXopen (Cyprus), Broco (Cyprus), MasterForex (?) etc.

FXCBS (ECN) offer it's clients the interbank spread of 0.1 pip, but FXopen offer 0.5 pip spread with there ECN/MT4 account and say 0.5 pip is the lowest there is and they do not charge any spread, that is very hard to understand. Is there different levels off spreads in the ECN system? What is the lowest tick (spread) banks can put into the ECN system? If 0.5 pip was the smallest spread banks where allowed to offer how come FXCBS can offer it's clients 0.1 pip spread? There seems to be no agreement among banks to offer buy and sell orders with 0.5 pip as the smallest price difference, since 0.1 pip actually exists, as I was once told by an arbitrage banker, the bank who offers you the tightest spread between their buy and sell is the best. FXopen also charge $7 commission with it's 0.5 pip minimum spread, not so good.

I am going to down load MT4 demo software from ATC Brokers (USA), Pronetfx (UK) and FXCBS (UAE) and see how the spreads are behaving. ATC Brokers offer $8 commission for a R/T (Round Trip, buy and sell or sell and buy) for standard lot of 100.000 EUR/USD, Pronetfx offers $12.50 but lowered it to $7.50 for a R/T and FXCBS offer also $8 in commission, but might be flexible mention they were considering $0.60 or $0.40 on mini lots (10.000). We will see how it all turns out.


BrokerGuru

November 6, 2009

I'd love to say "Yes", but unfortunately can't. There are hundreds of brokers waiting to be listed.
In the upcoming 3-6 months I won't be able to add any more details to the spreads page.


trader

November 4, 2009

Thanks for this site! Can you add the AUDNZD pair?


BrokerGuru

October 28, 2009

Spreads widen.
Especially quite noticeably if the volatility is caused by significant economic news impact.


trader

October 28, 2009

Hi, I want to know what happens to variable/fixed spread of STP (NDD) brokers during volatility. Thanks.


trader

August 24, 2009

thank you


BrokerGuru

June 27, 2009

I get spreads either from what's been listed on the website, or otherwise I ask a broker to help me out. This time I've got a snap shot of current spreads from advancedmarketsfx.com (former amifx.com) support team:

Advanced Markets spreads

I'm actually very glad to hear about lower spreads of 0.5 pips. I would highly appreciate if you can help me out with most typical spreads for the pairs at Advanced Markets broker.



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