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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.


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Broker discussion area

trader

December 20, 2009

Alma Forex is non existent now.
Thank you.

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.

BrokerGuru

December 20, 2009

Thank you,
Alma forex has been removed.

BrokerGuru

December 20, 2009

Hi Rahman,

Check out this link:
http://www.100forexbrokers.com/gold-silver-trading-brokers

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.


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 24, 2009

Thank you, Rahman

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

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 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,

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

Thank you, Rahman

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

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

January 2, 2010

Thank you!



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