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Lowest Spread Forex Brokers

Brokers with the lowest spread are usually ECN/STP brokers with raw interbank spreads from 0.0 – 0.3 pips.

Since the broker doesn’t add a markup on the quotes derived from the ECN-network, they usually charge you a small commission.

The commission is typical from $7 per round lot traded, or $3.5 per side.

Lowest spread brokers 2022

Below are highly reputable brokers that’s regulated in several jurisdictions.

Pepperstone – Lowest Spread Broker 2022

Pepperstone offers raw interbank spreads from 0.0 pips with very low commissions from $3.5 per side/lot.

Pepperstone is regulated by several top-tier regulators such as FCA, ASIC, and BaFIN.

Pepperstone offers a full TradingView integration in addition to MT4, MT5, and cTrader.

VERY GOOD!
Pepperstone - CTA

πŸ† Best TradingView Broker 2022
βœ… 1:30 | 1:400 leverage
βœ… MT4, MT5 & cTrader
βœ… 1200+ instruments
βœ… Raw interbank spreads
βœ… Fast 24/5 customer support

77.5%of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Skilling – Best Overall Broker 2022

Skilling offers trading in more than 1000 instruments including 50+ cryptos.

Through their Premium account type, you can trade on raw spreads with super low commission.

Skilling also offers exchange pricing on cryptocurrencies with spreads from only 50 cents on Bitcoin!

BEST 2022!
Skilling - CTA

πŸ† Best Overall Broker 2022
βœ… Up to 1:500 leverage
βœ… Skilling Trader, MT4 & cTrader
βœ… 900+ instruments
βœ… Nordic Fintech
βœ… Fast 24/5 customer support

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

What is a low spread broker?

Low spread is usually referred to as quotes as close to interbank as possible.

Low spread brokers are usually brokers who give you raw interbank spreads (from 0.0 pips) and charge a small commission.

Low spread vs average

The average industry spread for EURUSD is about 1.2 pips, without any commission.

If let’s say, you can trade 1 lot EURUSD at 0.2 pips through a low spread broker, then you save 1 pip, which equals $10.

However, if you are charged $3.50 per lot, then the total “cost” for opening the trade is $5.50.

Other charges

Always keep in mind other charges that the broker may impose. There is no point saving a couple of pips if they charge high fees on deposits, withdrawals, and swaps…

Conclusion

You can save a lot of money by using a low spread broker.

The higher the volume and frequency you trade, the higher the potential savings.

Always take other costs into consideration such as deposit/-withdrawal fees and swaps.

Top Brokers 2022

skilling-mobile-logo

πŸ† Best Overall Broker 2022
βœ… Skilling Trader, MT4, cTrader
βœ… Nordic Fintech
βœ… 1:30 | 1:500

πŸ† Best TradingView Broker
βœ… Razor Low Spreads
βœ… 1200+ Assets
βœ… 1:30 | 1:400

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 76 - 80% of retail investor accounts lose money when trading CFDs with these providers. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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