Are you looking for the lowest spread Forex Brokers to find a cheap trading solution?

We have collected for you the 10 major Forex Brokers with low spreads, with different features and functionality so you canchoose the one that best suits your needs.

In the world of online trading, the main focus for the retail trader is to have a profitable strategy. However, the profit doesnt refer to the outcome of a trade only. Instead, it mustconsider the adjacent transaction costs.

Things like broker spreads, commissions, deposit and withdrawal fees, but also the taxes to pay, they all affect the net result. As minimizing costs is a modus operandi for all businesses, finding the best lowest spread Forex broker is essential for the retail trader.

Before anything, lets define what the spread is. Simply put, it is thedifference between the bid and ask prices.

When trading the currency market, traders cant just buy or sell a currency. Instead, they buy or sell a currency pair.

The broker offers a quotation for both sides of the market: the bid price corresponds to the short side (selling) and the ask price for the long side (buying). In other words, if a trader wants to short a currency pair, it can only do that from the bid price.

However, to book the profit, or to square the position, the trader must close it from the ask price. The difference between the bid and ask, or the entry and exit prices, is called a spread.

Different brokers have different spreads. They vary based on the type of the account, the market activity, and the moment of time during the trading day. For instance, the spreads tend to widen during the daily rollover. It is typical that during that moment of time, the liquidity pool is scarce, and brokers dont have much to offer to traders interested in opening or closing a position.

In this article, we aim at listing the best Forex broker with the lowest spread to choose from.

(This post is part of the bestforex brokersseries)

An Australian broker, Pepperstone offers sophisticated trading solutions for veteran traders but also targets the less experienced ones. It offers various account types to suit every trading style and tops the list for the best Forex broker/lowest spread ratio. During high liquidity times, as it is often the case, thePepperstonespread drops to zero, while the average spread offered is 0.16 pips.

: Pepperstone Limited authorised & regulated by the

(684312); Pepperstone Group Limited registered with

(414530). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)

: MT4 (desktop, iPhone/iPad, Android), MT5 (desktop), cTrader (web platform, cAlgo, cTrader mobile)

: Pepperstone Group Limited is headquartered in Melbourne, Australia

: CFDs on indices, commodities, cryptocurrency

Another Australian broker, IC Markets offers access to over two hundred and thirty tradeable instruments, with no spreads whatsoever during certain market times. With an average spread of 0.1 pips, it is no wonder thatIC Marketsmakes the list when it comes to best Forex broker/lowest spreads ratio.

: International Capital Markets Pty Ltd. licensed by

(AFSL no. 335692). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)

: MT4, MT5, MT WebTrader, MT iPhone/iPad, MT Android, MT Mac, cTrader, cTrader Web, cTrader Android, cTrader iPhone/iPad, cTrader cAlgo

: International Capital Markets Pty Ltd. is headquartered in Sydney, Australia

: CFDs on indices, commodities, stocks, futures, bonds, cryptocurrency

With spreads as low as zero pips, plus over a thousand financial instruments offered for trading,XMruns a huge brokerage business. The average spread of 0.1 makes it one of the most competitive brokerage houses to compete for the best Forex broker/low spread award.

: Trading Point of Financial Instruments Pty Limited licensed by

(443670); Trading Point of Financial Instruments UK Limited authorised & regulated by the

(705428); Trading Point Of Financial Instruments Ltd regulated by

(120/10). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)

: MT4 (PC, Mac, web platform, iPad/iPhone, Android/Android tablet), MT5 (PC, Mac, web platform, iPad/iPhone, Android/Android tablet)

: Trading Point Of Financial Instruments Ltd is headquartered in Limassol, Cyprus

: CFDs on indices, commodities, stocks, metals, and energies

From the United Kingdom, FxPro has the reputation of executing over two hundred and fifty million orders so far. With spreads as low as zero pips on some pairs and an average of 0.45 pips,FxProsits as one of the most efficient brokerage houses for the retail trader.

: FxPro UK Limited authorised & regulated by the

(509956); FxPro Global Markets MENA Limited authorised & regulated by the

(F003333); FxPro Financial Services Ltd authorised & regulated by

(45052); FxPro Global Markets Ltd authorised & regulated by the

(SIA-F184). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)

: $100, however, clients under the DFSA will need to deposit $500

: MT4, MT5, cTrader, FxPro Edge (web platform)

: FxPro Group Limited is headquartered in Limassol, Cyprus

: CFDs on futures, indices, shares, metals, energies; spread betting

With over nine million traders choosing FBS for their online operations, it is no wonder this brokerage house is present all over the world.FBS spreads reach minimum zero pips, making it for a very attractive environment when it comes to reducing the associated trading costs.

: Tradestone Limited authorized & regulated by the by

(IFSC/60/230/TS/18). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)

: MT4 (for Windows, iOS, Android and/or webtrader)

: FBS Markets Inc. is headquartered in Belmopan, Belize

: Futures; CFDs on precious metals, oil, cryptocurrency

With a great choice of account types and multiple regulatory bodies under its umbrella, FXTM is a terrific brokerage house with low spreads starting with 0.1 pips.FXTMis headquartered in Cyprus, it gives access to over two-hundred markets, starting with foreign exchange and ending with cryptocurrencies or ETFs.

(600475); ForexTime UK Limited authorised & regulated by the

(license numbers IFSC/60/345/TS and IFSC/60/345/APM). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)

: MT4 (PC, Mac, iOS, Android, multi terminal, web platform), MT5 (PC, Mac, iOS, Android, web platform), MyFXTM (Android, iOS)

: ForexTime Limited is headquartered in Limassol, Cyprus

: CFDs on shares, commodities, indices; spot metals

A true ECN Forex broker with competitive spreads starting with zero pips and averaging 0.45 pips,FPMARKETSthe best lowest spread Forex broker classification. Regulated by ASIC, this Australian regulated broker claims to offer the ultimate trading experience to its customers.

: First Prudential Markets Pty Ltd licensed by

(286354). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)

: First Prudential Markets Pty Ltd is headquartered in Sydney, Australia

: CFDs on equities, futures, commodities, indices, Bitcoin

Listed on the London Stock Exchange, Plus500 runs a huge online trading business, offering staggering trading conditions. Regulated by various entities around the world,Plus500offers access to financial products with spreads as tight as 0.1 pips.

: Plus500UK Ltd authorised & regulated by the

(509909); Plus500CY Ltd authorised & regulated by

(PLUS/CBL/2018); Plus500AU Pty Ltd licensed by

(47546). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)

: Web platform, desktop (windows), mobile apps (iPhone/iPad, Android, Windows phone)

: Plus500 Ltd. is headquartered in Haifa, Israel

: CFDs on indices, stocks, cryptocurrencies, commodities, options, ETFs

With a mission to minimize the costs to optimize the clients profits, OCTAFX offers spreads ranging from minimum 0.4 pips all the way to averaging 0.45. A multi-awarded brokerage house,OCTAFXs mission is to bring Forex trading accessibility to everyone.

: Octa Markets Incorporated is regulated by the

. (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)

: MT4 (web platform, desktop, Android, iOS), MT5 (web platform, desktop, Android, iOS), cTrader (desktop, Android, iOS)

: Octa Markets Incorporated is headquartered in Kingstown, St. Vincent and the Grenadines

: CFDs on indices, commodities, cryptocurrency

A proud sponsor of Porsche Carrera Cup and offering no less than six trading platforms, HotForex spreads start from 0.7 pips and rising. A multi-asset broker with a 24/5 customer support,HotForexeven offers zero spreds accounts for clients that meet specific requirements.

(183/12); HF Markets (UK) Ltd authorised ®ulated by the

(801701); HF Markets (DIFC) Ltd authorised & regulated by the

(F004885); HF Markets SA (PTY) Ltd authorized & regulated by the

(46632); HF Markets (Seychelles) Ltd regulated by the

(SD015). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)

: HF Markets MT4 Terminal, HF Markets Multiterminal, MetaTrader 4 Webterminal, HF Markets iPhone Trader, HF Markets iPad Trader, HF Markets Android

: HF Markets Ltd is headquartered in Cyber City, Mauritius

: CFDs on spot metals, energies, commodities, indices, bonds, shares, cryptocurrency

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