Tight spread minimizes traders’ losses and is crucial for those who open and close many positions per trading session. The presented brokers provide either low fixed or a variable spread with very attractive minimum and typical values. Unfortunately, such lowest spreads sometimes require high-deposit accounts.
Here is a list of brokers who offer low spreads. As a trader, you main purpose is to buy low and sell high. Even a half-pip, which doesn’t sound much, can make the difference between a profitable trading strategy and an unprofitable one.
|Title||Minimum deposit||Min.position size|
|City Index (ex-FX Solutions)||$250||0.01|
Top Forex Brokers with Low Spreads
These days, asset trading has become a huge financial market that happens around the world. Apart from being profitable, it also gives a big challenge for anyone who wants to invest a huge amount of money. Foreign Exchange or Forex is one of the most crowded asset markets today, in which people buy or sell currencies. One of the tricks to get the smallest loss in Forex is by making the smallest spread possible, even though it usually requires a big deposit. However, your ability also depends on your broker. Therefore, it is important to choose a Forex broker that offers low spreads. Here are some to consider.
Forex Time or FXTM was established in 2012 in Cyprus and has been operating worldwide, including in U.K., Singapore, China, and many others. It offers 1.3 pips for its standard account, which can be opened with $100 only. It accepts Euro, GBP, and US Dollar.
Fort Financial Services
This financial company has been in the industry from 2010. It is based in Belize, but it has a branch in Malaysia as well. Fort Financial Services also offers 1.3 pips and you can open an account for $5 – even better than FXTM. They accepts trading activities with Euro, US Dollar, and Russian Ruble.
This Cyprus-based financial company has been operated since 2012. In order to open an account, you only need $100, which will give you the benefit of 0.8 pips. It accepts trading in Euro and US Dollar only.
FCI Markets is based in the United Kingdom and was opened in 2010. It accepts US Dollar, Euro and Pound Sterling only. The standard account is a bit expensive at $1,000. However, it offers the smallest spreads in this list at 0.2 pips.