| Online Broker | Minimum Deposit | Online Trading Platforms | Key Features |
|---|---|---|---|
| FOREX.com | $50 Minimum Deposit | MT4, Advanced Trading Platform, Web Trader Online Trading Platforms | Spreads From 0.8 Without A Commission Charge Key Features |
| FXTM | $50 Minimum Deposit | MT4, MT5 Online Trading Platform | Spreads From 0 Plus A Commission Charge Key Features |
| easyMarkets | $100 Minimum Deposit | MT4, MT5, easyMarkets Platform, TradingView Online Trading Platforms | Spreads From 0.7 Fixed On MT4 Key Features |
| Pepperstone | $200 Minimum Deposit | MT4, MT5, cTrader, TradingView Online Trading Platforms | Spreads From 0 With A Commission Charge And Average Spreads From 0.2 Key Features |
| FXCC | $100 Minimum Deposit | MT4 Online Trading Platforms | Spreads From 0 Without A Commission Charge (ECN XL Account) Key Features |
Forex Brokers And Forex Spreads
If traders want the lowest Forex spreads then they could trade at a broker which offers low Forex spreads plus a commission charge. The commission charge is an extra charge, which can be fixed or in some cases varies depending on such factors as the volume traded. This charge is added to the spread. The lowest spread is normally for the most liquid Forex pairs, such as EUR/USD.
Some brokers offer spreads which can go as low as 0. However if a trader wants the lowest Forex spreads, then they could consider an account which has no commission charge and can offer low spreads. Such accounts are available, but normally require a high minimum deposit or account maintenance value. As spreads offered with a commission charge are usually variable, the trader needs to consider the extent to which the spread can vary, thus a broker (Pepperstone) with a low average spread is included.
For traders who trade with lower account sizes, then spreads offered are normally variable and have a commission charge. An exception is FXCC, which offers low variable Forex spreads but provides an account (ECN XL) which does not have a commission charge, but there are restrictions on the size of the account. For higher volume traders FXCC does offer an account with lower reduced commission charges.
FOREX.com is included in the table as it is a major Forex broker with a range of online trading platforms which now offers tight Forex spreads from 0.8, without a commission charge.
Best Forex Broker Lowest Spread
The choice of Best Forex Broker Lowest Spread is not a broker which can have spreads from 0 plus a commission charge, or an account with spreads from 0 without a commission charge (though these brokers are included in the table above). Rather it is easyMarkets, which has fixed spreads from 0.7 on MetaTrader 4 (MT4) with no commission charge. Thus the trader can trade on MT4 or a user friendly web trader or TradingView knowing what the spread will be (MT5 has variable spreads).
As the commission charge is normally added to the spread, the cost of a trade is not 0, rather it includes the spread plus the commission charge and the spread itself can vary, thus low fixed spreads without a commission charge may be worth considering by traders who seek low spread which normally stay low. easyMarkets is a long established Forex broker and has a minimum deposit from $25.
