List of Top and The Best Fixed Spread Forex Brokers

The popularity of forex trading is growing by the day. A number of brokerages are now making available online forex trading platforms for retail traders. Many 9 to 5 job people are leaving their jobs to involve in forex trading. This is because it is the most liquid financial market in the world, there is a high potential for making profits because of leverage, trading costs and commissions are low and, above all, forex trading is very simple.

Many forex brokers do not take any commissions, but they make money through what is referred to as the ‘Spread’. However, the brokerages that offer very low spreads may charge commissions apart from the spread. It is, therefore, important that you have a clear understanding of all the costs involved prior to taking major decisions.

Related : Best Lowest Spread Brokers for Scalping Forex

Recommended Fixed Spread Forex Brokers

BrokerInfoBonusOpen Account
OCTAFX forex broker Min Deposit: $5
Spread: From 0.2 Pips
Leverage: 500:1
Regulation: FSA (Saint Vincent and the Grenadines), CySEC
50% Deposit Bonus, Real contest 1st prize Luxury car BMW X5 M, Copy trading, Trade&Win.Visit Broker
new logo FBS Markets inc Min Deposit: $1
Spread: From 0 Pips
Leverage: 3000:1
Regulation: CySEC, IFSC
$100 No-Deposit Bonus, 100% Deposit BonusVisit Broker
binance logo Min Deposit: 0
Spread: Non-Spread, Fee 0.1% Per Trade
Leverage: Non-Leverage
Regulation: -
Visit Broker
exness forex broker review Min Deposit: $1
Spread: From 0 Pips
Leverage: 2000:1
Regulation: FCA UK, CySEC, FSP, BaFin, CRFIN
35% of the account DepositVisit Broker
No Deposit Bonus Instaforex Broker Min Deposit: $1
Spread: Fixed Spread From 3 Pips
Leverage: Up to 1:1000
Regulation: CBR, CySEC and FFMS
30% Forex Deposit bonusVisit Broker
plus500 best forex broker review Min Deposit: €100
Spread: The Spread can be as low as 0.01%” (0.01% = spread for EUR/USD)
Leverage: 1:294
Regulation: ASIC, CySEC, FCA (UK)
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avatrade forex cfd broker Min Deposit: $100
Spread: Starting From 0.9 pips
Leverage: 400:1
Regulation: MIFID, FSB & ASIC
Visit Broker
ETX CAPITAL Forex Binary Options SpreadBetting Broker Min Deposit: $100
Spread: From 0.7 pips
Leverage: 400:1
Regulation: FCA UK reference number 124721
Visit Broker
HYCM Logo Min Deposit: $100
Spread: From 0,2 Pips
Leverage: 1:200
Regulation: FCA UK (#186171), CySEC (#259/14), CIMA (1442313) and DFSA (F000048)
10% Welcome Bonus up to $5,000Visit Broker Forex Broker Min Deposit: $100
Spread: Fixed and Variable
Leverage: 300:1
Regulation: CySEC, FSB
Visit Broker

The forex market operates on the basis of supply and demand as is the case with other financial markets. For example, if the demand for dollars is high, the currency’s value against others will go up. It is precisely on this basis that forex spreads are worked out.

The spread is the difference between the price the forex broker pays to buy a currency from you and the price at which the broker sells it. For example, the spread for a position wherein the base currency is the U.S. dollar will always be less compared to the spread offered on a less common currency. This is because the demand for dollars is very high.

best trusted stock brokersThe broker can easily sell off the dollars they buy. Therefore, they do not have to charge you for the same by giving a higher spread. It is for this reason it is recommended that you avoid buying/selling currencies for which the demand is lower. It will cost you much more due to the higher spread.

In the Forex market, brokers offer two different types of spreads. These are the fixed and variable or floating spreads. The latter type varies depending on market behavior, while the fixed spreads remain the same even during news releases.

Fixed spreads are often wider compared to the floating spreads. In general, they range between 2 and 3 pips. Variable spreads widen significantly at the time of major events and news releases. This is to say that fixed spreads offer you a great deal of predictability and protects you from spread swings. Fixed spreads come in handy when scalping or trading news releases. It is a fact that spreads swings help you to make some additional profits, but they can catch you unprepared and cause a great deal of loss st times.

Another benefit offered by fixed spreads is that it makes it easier for you to apply trading bots and automated trading strategies. Further, fixed spreads offer some amount of transparency. However, you must bear in mind the fact that only market makers would guarantee fixed spreads.

  • Plus500

plus500 best forex broker review

Plus500 forex trading platform is provided by Plus500CY Ltd., which is a company based in Cyprus and the headquarters in Limassol. This broker is authorized as well as regulated by the Cyprus Securities and Exchange Commission.

Broker Type – Market Maker
Regulation – Cyprus Securities and Exchange Commission (CySEC), Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC)
Platforms – Windows Trader, WebTrader
Minimum Deposit – $100
Deposit Options: Bank Wire, PayPal, Credit Card, Skrill, etc.
Maximum Leverage – 50:1
Minimum Lot Size – 0.01
Spreads – Fixed
Lowest Spreads for EUR/USD – 2

  • FBS

best forex brokers for scalping with lowest spreads

FBS, an international forex broker, has presence in over 120 countries. The online forex company boasts of 2,000,000 traders (clients) and 130,000 partners. For Muslim traders, the broker provides swap-free or Islamic accounts. FBS was founded in 2009 and they do not offer financial services to people in the USA, Belize and Japan.

Broker Type – ECN/STP, DMA/STP, MM
Minimum Deposit – $5
Deposit Options: Visa/Master Card, Neteller, Skrill (7.5% commmission), Webmoney, Perfectmoney, OKPAY, FBS Exchanger, Wire Transfer, YuuPay (3% commission), etc.
Maximum Leverage – 500:1
Minimum Lot Size – 0.01
Spreads – Fixed and variable
Lowest Spreads for EUR/USD – 2 pips for Mini accounts and 1 – 2 for Standard accounts

  • Instaforex

Instaforex best regulated broker by Bank of Russia

The brand InstaForex was launched in 2007. Currently, the forex broker has more than 3,000,000 customers. Futher, over 1,000 customers open accounts every day. They enable ECN forex trading, contracts on derivatives and other instruments.

Broker Type – ECN
Regulattion – RAFMM/CRFIN
Minimum Deposit – $1
Deposit Options – Credit Card, Bitcoin, Moneybookers, PerfectMoney, QIWI, RBK money, Webmoney, Yandex.Money, Wire Transfer
Trading Platforms – MT4, MT5, WebTrader
Maximum Leverage – 1000
Minimum Lot Size – 0.01
Spreads – Fixed/Variable
Lowest Spreads for EUR/USD – 3 pips

  • Exness

exness forex broker review

Exness Group, founded in 2008, has a trading volume of more than $180 billion and as many as 15,000 people from around the world open trading accounts with the forex broker every month. Currently, Exness makes available over 120 financial instruments for trading.

Broker Type – ECN/STP and Market Maker
Regulation – Cyprus Securities and Exchange Commission (CySEC), Markets in Financial Instruments Directive (MiFID),
Platforms – MetaTrader 4, MetaTrader 5, Mobile Platforms
Minimum Deposit – $1
Deposit Options – Bank Wire Transfer, Visa, Skrill, Neteller, WebMoney, YuuCollect, EXCARD, Internal Transfer, Perfect Money, CashU
Maximum Leverage – 2000:1
Minimum Lot Size – 0.01
Spreads – Fixed
Lowest Spreads for EUR/USD – 0.1 to 0.2

  • Avatrade

ava trade best forex broker

AvaTrade, a pioneer in the field of online forex trading from 2006 onwards, was created for the purpose of providing great online trading experience to retail traders. Within a short time, AvaTrade had more than 20,000 registered customers executing over 2,000,000 trades in a month around the globe. The total value of trades surpasses $60 billion in a month.

Broker Type – Market Maker
Regulation – Australian Securities and Investments Commission (ASIC); Central Bank of Ireland; Financial Futures Association, Japan; Financial Services Board (FSB), South Africa and Israel Securities Authority (ISA)
Platforms – MetaTrader 4, AvaTrader
Minimum Deposit – $100
Deposit Options – Bank Wire, PayPal, WebMoney, Skrill, Credit Card, Neteller, Prepaid Master Card, etc.
Maximum Leverage – 400
Minimum Lot Size – 0.05
Spreads – Fixed
Lowest Spreads for EUR/USD – 3

  • ETX Capital

ETX CAPITAL forex binary options broker

ETX Capital, a financial services company based in the UK, provides institutional, high net worth and retail customers with online platforms for trading forex and derivatives. ETX Capital is the trading name of Monecor (London) Limited.

Broker Type – Forex and CFD Broker
Regulation – FFCA, UK
Platforms – MT4, Marketspulse
Minimum Deposit – $100
Deposit Options – China UnionPay, Giropay, Neteller, Credit Card, Sofort, Wire Transfer, Skrill
Maximum Leverage – 400:1
Minimum Lot Size – 0.01
Spreads – Fixed
Lowest Spreads for EUR/USD – 0.7

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