Tight Spread Forex Brokers

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When it comes to forex trading, many traders look for brokers who have the smallest spreads possible in order to maximize their prospective profits.

The development of forex trading in recent years has resulted in stronger than ever competition between brokers, forcing many of them to offer competitive trading conditions and tight spreads to attract customers.

In this article, we explore the best tight spread Forex brokers that offer an excellent trading environment, strong regulation and a wealth of trading features.

IFX Brokers

Overview

The dedication of IFX brokers to their traders and consumers is well-known.

Using this platform, customers can trade a wide variety of financial instruments. A one-stop centre for internet traders is provided by the broker, which is based in South Africa. Clients can trade commodities, indices, energy, and more on MetaTrader 4 from the comfort of their own home.

Pros and Cons

PROS

High leverage available
MetaTrader 4 is supported.
Resources for learning are available

CONS

Lax regulation

Features

FEATURE

INFORMATION

Regulation

FSA

Minimum deposit from

ZAR100

Average spread from

0.5 pips

Commissions from

NA

Deposit/Withdrawal Fees

NA

Maximum Leverage

1:500

Bonuses

NA

Customer Support

24/5

City Index

Overview

City Index's spreads start at just 0.5 points on major currency pairings. Price transparency and comprehensive customer service are two key goals for this broker.

Over 12 000 worldwide markets across Forex, Indices, Shares, and Commodities are available to City Index clients.

Pros and Cons

PROS

Low trading fees
No fees for deposit and withdrawal
Comprehensive research tools
 

CONS

Limited product portfolio
 

Features

FEATURE

INFORMATION

Regulation

FCA, ASIC

Minimum deposit from

$100

Average spread from

0.5 pips

Commissions from

$3

Deposit/Withdrawal Fees

None

Maximum Leverage

1:200

Bonuses

Deposit Bonus

Customer Support

24/6

IC Markets

Overview

The spreads offered by IC Markets are among the most competitive in the industry across all major and minor currency pairs.

Furthermore, the EUR/USD spread, which averages 0.1 pips, is among the lowest available anywhere in the world.

Spreads can be as low as 0.0 pips on the MetaTrader and cTrader Raw Spread platforms, which are both used by professional traders.

Pros and Cons

PROS

Low trading costs
Easy process to open an account
No deposit or withdrawal fees

CONS

Limited range of CFDs
 
 

Features

FEATURE

INFORMATION

Regulation

ASIC

Minimum deposit from

$200

Average spread from

0.1 pips

Commissions from

None

Deposit/Withdrawal Fees

None

Maximum Leverage

1:500

Bonuses

None

Customer Support

24/7

Exness

Overview

CFD trading on a wide range of assets, such as currency pairings, commodities, cryptocurrencies, energy, indexes, and stocks, is possible with Exness, allowing traders to have a taste of the global markets. As such, clients profit from fast and accurate order execution and low spreads.

Opening an account with Exness allows users to gain access to leading positions in the foreign exchange market, free VPS hosting, and support for several trading platforms, including the industry standard MT4 and MT5 platforms.

Pros and Cons

PROS

Well-regulated
Tight spreads
Over 130 currency pairs

CONS

CONSn 
 

Features

FEATUREINFORMATION
Regulation

CySEC, FCA

Minimum deposit from$1
Average spread from1.3 pips
Commissions from

3 USD and 10 USD per 1 lot for CFDs

Deposit/Withdrawal FeesNone
Maximum Leverage1:2000
Bonuses

Standard +10% Bonus Programme

Customer Support

24/5 - multilingual

HotForex

Overview

If you have a HotForex ZERO Spread account, you'll get super-tight spreads from top liquidity providers with no mark-ups.

With the account, commissions start at a modest USD 0.03 per 1K lot, making it one of the most transparent commission-based structures available.

Pros and Cons

PROS

No deposit or withdrawal fees
Competitive spreads

CONS

High commission charges on the Zero account

Features

FEATURE

INFORMATION

Regulation

CySEC, DFSA, FCA, FSA, FSCA

Minimum deposit from

$5

Average spread from

0.0 pips

Commissions from

USD 0.03 per 1K lot.

Deposit/Withdrawal Fees

None

Maximum Leverage

1:1000

Bonuses

100% Supercharged Bonus

Customer Support

24/5

Dukascopy

Overview

Spreads as low as 0.2 pips are available on popular currency pairings through Dukascopy's pricing mechanism.

Orders are executed instantly, and a wide range of trading orders, including stop-loss orders, are available. Customer service is available around the clock, seven days a week.

FINMA, the Swiss Financial Market Supervisory Authority, has stronger rules for banks and securities dealers like Dukascopy than other legal jurisdictions.

Pros and Cons

PROS

Good choice for high volume traders
Comprehensive analytical tools
Flexible trading on advanced platforms
Good selection of currency accounts

CONS

High commission
Charges withdrawal fees
High minimum deposit
Charges inactivity fee

Features

FEATURE

INFORMATION

Regulation

FINMA

Minimum deposit from

$100

Average spread from

0.3 pips

Commissions from

‎$49.5 per $1 million traded

Deposit/Withdrawal Fees

Varies depending on the method

Maximum Leverage

1:200

Bonuses

10% Equity Bonus

Customer Support

24/5

XM

Overview

XM's tight spreads are available to all customers, regardless of account type or trade size. It's important to XM that its customers can trade with its narrow spreads. Because of this, the broker places a high value on the quality of its execution.

XM aims to secure the best possible pricing from all of its liquidity sources in order to keep spreads as low as feasible. The best bid and ask prices are gathered from liquidity sources in real time.

Pros and Cons

PROS

Low minimum deposit
Comprehensive educational offering
Streamlined account opening process

CONS

Inactivity fee charged after 90 days on live accounts
Limited product portfolio

Features

FEATURE

INFORMATION

Regulation

IFSC, ASIC, CySEC, FCA and DFSA

Minimum deposit from

$5

Average spread from

0.1 pips

Commissions from

$3.5 commission per $100 000 traded

Deposit/Withdrawal Fees

None

Maximum Leverage

1:30

Bonuses

$30 Trading Bonus

Customer Support

24/5

FXTM

Overview

FXTM has a wide range of account types to suit the needs of each trader, including Standard and ECN accounts.

A reputable forex broker, FXTM has earned the trust of traders all over the world. As a result, clients may rest easy knowing that their money is being held in high-quality European banks.

To trade, you'll have access to low fixed and variable spreads that start at just 0.1 on ECN accounts and 0.5 on Standard accounts.

Pros and Cons

PROS

Superb customer service
High maximum leverage
Great educational tools
 

CONS

Inactivity and withdrawal fees
Limited product portfolio
 

Features

FEATURE

INFORMATION

Regulation

CySEC, FCA, FSCA

Minimum deposit from

$100

Average spread from

0.1 pips

Commissions from

‎No commission

Deposit/Withdrawal Fees

$3

Maximum Leverage

1:500 on average

Bonuses

$300 Trading Bonus

Customer Support

24/5

Alpari International

Overview

Alpari was founded in 1998 and now has more than 2 million customers around the world. All types of traders can benefit from the broker's high-quality STP/ECN trading expertise.

Over 60 assets, including currency pairings, commodities, and CFDs, are available for trading. Alpari has a stellar track record, having received numerous industry accolades in addition to offering a wide selection of markets and robust security measures.

If you're looking for some of the most competitive spreads on key currency pairings, Alpari International is your best bet.

Pros and Cons

PROS

Advanced copy trading software available
Wide selection of tradable assets
Low minimum deposit
Excellent multilingual customer support

CONS

Limited educational resources and research tools
 

Features

FEATURE

INFORMATION

Regulation

Financial Services Commission (FSC)

Minimum deposit from

$100

Average spread from

1.2 pips on majors

Commissions from

charged at 4 units of the Base currency

Deposit/Withdrawal Fees

None

Maximum Leverage

1:1000

Bonuses

Cashback Promotion

Customer Support

24/5

FP Markets

Overview

FP Markets, an Australian CFD and forex broker, was established in 2005. Since it has a long history and is regulated by ASIC, FP Markets has been deemed safe.

For fast transaction execution and low requote risk, FP Markets offers variable spreads with fast execution. For RAW and Standard accounts, the broker is able to offer forex spreads of as little as 0.0 pips.

Pros and Cons

PROS

Competitive trading fees
Easy account opening
Fast processing for deposits and withdrawals
 

CONS

High stock CFD Fees
Limited range of asset classes
 

Features

FEATURE

INFORMATION

Regulation

Australian ASIC, Cypriot CySEC, SCB

Minimum deposit from

$100

Average spread from

0.5 pips

Commissions from

$55 monthly commission for IRESS Trader users only

Deposit/Withdrawal Fees

None

Maximum Leverage

1:500

Bonuses

$30 Welcome Bonus

Customer Support

24/5

GO Markets

Overview

You can trade on MetaTrader 4, MetalDesk, MT4 Genesis, Trading Central, Autochartist, and VPS platforms provided by GO Markets.

GO Markets offers a wide variety of markets, including Forex, Indices, Metals, Commodities, and more, with changeable spreads. The spreads are as low as 0.0 pips because they are derived from over 22 different Tier 1 and Tier 2 liquidity sources.

It is possible to trade currencies, indices and commodities with GO Markets, as well as physical gold. GO Markets has iPhone and Android apps that allow you to trade on the go.

Pros and Cons

PROS

Low trading fees
Ultra-fast execution
Advanced analytical tools
Low minimum deposit

CONS

Limited account options

Features

FEATURE

INFORMATION

Regulation

ASIC

Minimum deposit from

$1

Average spread from

0.0 pips

Commissions from

None

Deposit/Withdrawal Fees

None

Maximum Leverage

1:500

Bonuses

30% Deposit Bonus

Customer Support

24/5

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