Evaluating which forex brokers carry the lowest spreads won’t impact your trading results and maximizes your profit margin.
The brokers below were carefully curated for having low spreads and excellent trading conditions, giving you the edge to make more profit.
A keen eye for detail is necessary while starting a forex trading journey, particularly when choosing the lowest spread forex brokers.
Let’s see what spreads each forex broker provides to help you strike more profits than stop losses.
FP Markets
The Raw Account available through FP Markets has spreads that start at 0.0 pips in exchange for approximately R114 commission, while the Standard Account starts at 1.0 pips.
Islamic Swap-free Accounts are also available for Muslim clients, with rates starting at 0.0 pips (Islamic Raw) and 1.0 pips for Islamic Standard.
Pepperstone
Pepperstone’s spreads on the world’s most popular forex pair (EUR/USD) average 0.10 pips on their Razor Account, with cheap (but convoluted) commissions.
Their Standard Account similarly has a tight spread of 1.0 pips on EUR/USD, and neither account requires a minimum deposit.
HFM
HFM offers the Cent Account with variable spreads starting at 1.2 pips on major pairs, while the Zero Account has 0.0 pips on the EUR/USD pair (commission applies).
The Premium Account likewise features low spreads (1.2 pips) for an account with no minimum deposit.
Spreads on the Pro Account begin at 0.5 pips (EUR/USD), making them tighter than other brokers.
XM
XM stands out for its commission-free, Ultra Low Account, which begins at 0.6 pips for the EUR/USD.
However, XM’s spreads on entry-level accounts can be pretty broad, averaging 1.7 pips on the EUR/USD, more than that of other similarly sized market makers.
Exness
Exness provides a variety of accounts customized to different trading tastes.
The Raw Spread Account has spreads that begin at 0 pips, whereas the Pro Account starts at 0.6 pips on EUR/USD.
Finally, the Zero Account ensures 0 pip spreads on EUR/USD for 95% of the trading day across 30 pairs.
Conclusion
Navigating the forex market with the lowest spread brokers is critical for maximizing profits, especially for regular traders who hold many positions simultaneously.
Each of the top five lowest spread forex brokers adds value to their clients by saving them money one pip at a time.
When choosing the ideal broker, consider your trading style, risk tolerance, and trade pairs.
With proper preparation, these lowest-spread forex brokers may be valuable partners as you confidently and accurately enter the risky but rewarding world of forex trading.
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