Forex Brokers with Low Spread
For many Forex traders, getting the minimum spread possible is the most important requirement to their broker. Only the best foreign exchange brokers with lowest spreads are listed here. A tight spread minimizes traders' losses and is important to those who open and close multiple positions per trading session. The presented Forex brokers provide either a low fixed spread or a variable spread with very attractive minimum and typical values. Unfortunately, such low spreads sometimes require high-deposit accounts. In rare cases, it is possible to get pretty low spreads with mini or even micro Forex account. Please do not confuse these brokers with brokers providing zero-spread accounts. You will find 224 brokers listed in the table below.
Why low spreads matter in Forex?
The benefits of trading with a lower bid/ask spread distance are obvious, but here is the list of reasons to open an account with a low-spread brokerage company:
- Pay less per trade. Although it is not always as simple as it sounds, sometimes, a low spread means smaller expenses for each position opened and closed.
- You are a big trader. Low-spread brokers usually charge commission, which becomes smaller depending on the cumulative monthly or quarterly volume of your trades. The more you trade, the smaller becomes the commission. High spreads would be a real drag on your profitability if you trade millions worth of currencies each day.
- By choosing a broker with lower spreads, you incentivize its competitors to reduce spreads, helping the retail FX industry to become a better place for all traders.