ACTUAL FOREX TRADING
FOREX BROKERS WITH THE TIGHTEST SPREADS
Low Spread Forex Brokers
"Spreads impact profitability, especially for shorter-term traders, such as day traders.
A Forex broker offering tight and consistent spreads will improve your trading experience.
Learn below which Forex brokers have the lowest spreads in the industry"
Spread is the difference between the price of a Forex pair and the price a broker is quoting to buy or sell the pair. For example, EURUSD could show 1.1215 on the charts, but your broker quotes 1.1216 to buy (ask) and 1.1214 to sell (bid).
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Spreads are one of the ways that Forex brokers make money, especially market-maker brokers. ECN brokers tend to make money by charging commissions.
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The keys to tight and consistent spreads are;
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Trading with a Forex broker that is an ECN broker, i.e., Not a market maker
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Trading with a broker that keeps spreads low, even during peak economic news
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The brokers suggested below meet this criteria. They have the best spreads.
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Please note; all brokers widen spreads at the New York close and during periods of low liquidity, i.e., around the start of the Asian trading session and global public holidays.
RECOMMENDED FOREX BROKERS WITH THE BEST SPREADS
IC Markets
IC Markets comes in first with the tightest spreads in the industry.
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They take clients from the UK, Australia, India, Singapore, and other countries.
Minimum Spreads
AUDUSD 0.0 pips!
EURUSD 0.0 pips!
GBPUSD 0.0 pips!
USDCAD 0.0 pips!
USDCHF 0.0 pips!
USDJPY 0.0 pips!
GOLD 0.0 pips!
OVERALL SCORE
10/10
The Lowest Spreads Available!
IC Markets offers an ECN trading experience with the best spreads in the Forex trading industry.
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The minimum spreads quoted above are typical. Their spreads are often zero for a handful of Forex pairs.
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When spreads are not at their minimum, they are razor thin.
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Spreads are tight across all Forex pairs. They are also tight on GOLD and indices.
Raw Spread Account
You must open a raw spread trading account to receive the tightest spreads.
Personal Trading Experience
I have been trading with IC Markets for over ten years. I deposit and withdraw funds regularly and never have issues.
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Their customer service team is quick to respond. Their trading platforms are reliable.
Darwinex
Darwinex is a Forex broker based in London, UK. They are FCA regulated.
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Darwinex offers a low-spread ECN trading experience.
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They take clients from the UK, Australia, India, and other countries.
Minimum Spreads
AUDUSD 0.4 pips!
EURUSD 0.2 pips!
GBPUSD 0.6 pips!
USDCAD 0.7 pips!
USDCHF 0.7 pips!
USDJPY 0.6 pips!
GOLD 0.10 pips!
OVERALL SCORE
9/10
Tight Spreads with FCA Regulation
Darwinex's spreads may not be as tight as IC Markets, but Darwinex is FCA regulated.
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Darwinex is the top FCA-regulated broker when it comes to the best spreads. They can't be beaten.
Reliability
I have been trading with Darwinex for years. I have never had any issues.
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There are no concerns with this broker closing down your positions, unreliable trading platforms, or a poor trading experience.
Customer Service
Their customer service team is always quick to respond and very helpful. The team is based in the UK!
Copy Trading
The Darwin feature allows traders to make extra revenue through copy trading.
FP Markets
FP Markets is another Forex broker that offers zero spreads.
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They take clients from Canada, Australia, India, the UK, and other countries.
Minimum Spreads
AUDUSD 0.0 pips!
EURUSD 0.0 pips!
GBPUSD 0.0 pips!
USDCAD 0.0 pips!
USDCHF 0.0 pips!
USDJPY 0.0 pips!
GOLD 0.0 pips!
OVERALL SCORE
8/10
Tight Spreads Across the Board
FP Markets offers zero spreads across many of their products; Forex, indices, crypto, metals, and commodities.
MAM & PAMM Accounts
The broker offers MAM and PAMM trading accounts, copy trading, and social trading features. FP Markets also offers Islamic trading accounts.
ECN
FP Markets offers an ECN trading experience.
Canadian Clients
FP Markets is one of the few Forex brokers offering tight spreads and high leverage for Canadian traders.