ASIC, CySEC, DFSA +2 more
Forex brokers with lowest spreads
Finding Forex brokers that offer lowest spreads is crucial for scalpers, who rely on small market movements for profitability. While day traders may not prioritize low spreads as much, for scalpers, spreads lower than the industry standard of 1 pip are essential. Although some brokers offer zero-spread accounts to attract scalpers, not all of them provide low commissions, and actual spreads might exceed 0.3 pips, making scalping unprofitable.
To address this, we have carefully chosen several highly regulated Forex brokers with the lowest spreads known for offering the lowest spreads.
9.90
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignals
Regulations
Platforms
MT4, MT5
9.72
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignals
Regulations
ASIC, CySEC, DFSA +2 more
Platforms
MT4, MT5
9.54
MT4MT5Copy tradingECNHigh leveragePAMMSTP
Regulations
CMA, Central Bank of Curaçao and Sint Maarten, CySEC +5 more
Platforms
MT4, MT5
9.36
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSTP
Regulations
ASIC, CySEC, DFSA +2 more
Platforms
MT4, MT5
9.18
9.00
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignalsSTP
Regulations
ASIC, CySEC, FSCA +2 more
Platforms
MT4, MT5
8.64
MT4MT5cTraderCopy tradingECNPAMMSignals
Regulations
ASIC, BaFin, CMA +4 more
Platforms
MT4, MT5, TradingView +1 more
8.46
8.10
MT4MT5Copy tradingHigh leverage
Regulations
ASIC, CySEC, FSA Seychelles +1 more
Platforms
MT4, MT5, TradingView +1 more
7.92
MT4MT5Copy tradingHigh leverageSignals
Regulations
CySEC, FCA UK, FSA Labuan +2 more
Platforms
MT4, MT5
Low spreads are not only crucial for scalpers but also for regular traders, who encounter spread costs twice per trade - once when opening the order and again when closing it. High spreads can significantly hamper profitability in such cases. Typically, Forex brokers that offer the lowest spreads tend to charge commissions based on trading volumes, with the industry average being around 7 USD per lot traded. Brokers charging more than this can have a negative impact on profitability.
In conclusion, it is of utmost importance to identify trustworthyForex brokers with lowest spreads to ensure reasonable commissions and effectively manage trading costs for maximizing overall profitability.
