In the forex market, spread is quite important; as a trader, a tight spread combined with a sound trading strategy will reduce losses and increase profit potential.
In this post, I will take the time to highlight some of the best US forex brokers with lowest spreads.
I didn’t know much about spread when I first started trading forex, so two years later I decided to try a different broker with a significantly lower spread than the one I was using.
What I noticed was that my profits increased and my losses decreased; as a trader, regardless of trading capital or expertise, choosing a low spread broker is fundamental.
LOWEST SPREAD FOREX BROKER
Choosing a low spread broker is very important as a trader, as we know that the lower the spread the better for a trader.
Forex spread differs among brokers and currency pairs. The competition for clients among brokers continues to get tougher as some brokers even go far as to offer zero spread.
In general, it’s important to know the broker’s terms and conditions before finally choosing one.
Below are lists of lowest spread forex brokers:
|Brokers||EUR/USD AVG.||GBP/USD AVG.||USD/JPY AVG.||AUD/USD AVG.||EUR/GBP AVG.|
It’s important to note that when picking a broker, spread isn’t the only aspect to consider; other considerations include leverage and the broker’s minimum deposit.
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US FOREX BROKERS WITH LOWEST SPREADS
Here are some of the best US brokers with the lowest spreads:
|EUR/USD Avg. raw spread||0.17||_||0.3||_|
|GBP/USD Avg. raw spread||0.59||_||0.6||_|
|AUD/USD Avg. raw spread||0.3||_||0.4||_|
|EUR/USD Avg. raw spread||0.86||1.30||_||1.1|
|EUR/USD Avg. raw spread||_||_||_||_|
LOW SPREAD FOREX BROKERS SCALPING
Forex scalping is used by many traders (on technical analysis) to take advantage of market fluctuation for a short period of time for profit; this style of trading can only be possible by using a low-spread forex broker.
In this article above, I have already listed a few forex brokers that offer low spreads; I am going to list one more broker good for scalping which is XM.
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HOTFOREX ZERO SPREAD ACCOUNT
The HotForex ZERO Spread Account is an accessible, low-cost trading solution that is appropriate for all traders but is especially ideal for scalpers, high-volume traders, and those who trade with Expert Advisors, (EAs).
Traders can start with a minimum beginning deposit of just U$200.
You will receive RAW, Super-Tight Spreads from renowned liquidity providers as a HotForex ZERO Spread account holder, with NO hidden markups!
The account has a commission-based structure that is quite clear, with commissions starting at just USD 0.03 per 1K lot.
More Hotforex zero spread offers:
Trading Platform: MetaTrader 4, MetaTrader 5, Webtrader and Mobile Trading.
|Spreads:||From 0 on Forex|
|Trading Instruments:||All Available|
|Minimum opening deposit:||$200|
|Minimum trade size:||0.01 LOTS (1,000 units of base currency)|
|Trade size increment:||0.01|
|Maximum Total Trade Size:||60 Standard lots per position|
|Maximum Simultaneous Open Orders:||500|
|Margin Call / Stop out level:||50% / 20%|
|Account Currency:||USD, EUR, NGN, JPY|
|Personal Account Manager:||Yes|
|Limit and Stop Levels:||Starting from 2 pip(s)|
HOTFOREX ZERO SPREAD ACCOUNT COMMISSION
|Currency||Amount per lot||Number of lots Traded||Round Turn Amount||Majors/Others|
HOTFOREX ZERO SPREAD ACCOUNT COMMISSION 1
AUDUSD – EURUSD – EURJPY – GBPJPY – GBPUSD – USDCAD – USDCHF – USDJPY – XAUUSD.
HOTFOREX ZERO SPREAD ACCOUNT COMMISSION 2
AUDCAD – AUDCHF – AUDJPY – AUDNZD – AUDSGD – CADCHF – CADJPY – CHFJPY – CHFSGD- EURNOK – EURNZD – EURPLN – EURRON – EURAUD – EURCAD – EURCHF – EURGBP – EURHUF – EURSGD – EURZAR – GBPAUD – GBPCAD – GBPCHF – GBPNZD – GBPSGD- NZDCAD – NZDCHF – NZDJPY – NZDUSD – USDCNH – USDCZK – USDDKK – USDHKD – USDHUF – USDNOK – USDPLN – USDRON – USDRUB – USDSEK – USDSGD – USDTRY – USDMXN – USDZAR – ZARJPY – GBPZAR – SGDJPY
BEST FOREX SPREADS USA
United state brokers have strong regulations; this is why the competition among them is fierce.
Over time the spread brokers offer clients keeps getting tighter, some offer ECN accounts where the spread can be Ultra-low as zero spread.
With all this competition among them to be no 1, only a handful will be the best forex spread broker in the USA.
Below are a few of the best forex spread brokers in the US
- IG markets
LOWEST SPREAD FOREX BROKER FOR GOLD
Gold has proven to be one of the market’s most stable commodities. It has repeatedly demonstrated its superiority over other commodities, and it is a safe haven for many investors, particularly following the 2008 recession.
Gold is a volatile commodity that requires solid trading knowledge and strategy to succeed.
The thing about this commodity is that you must pick the lowest spread forex broker for gold trading, regardless of your trading experience or strategy.
Below are a few lowest spread forex brokers for gold:
|BROKER||SPREAD||FIRST MINIMUM DEPOSIT|
DOES EXNESS HAVE A LOW SPREAD?
Yes, Exness has a low spread from raw spread from 0.0, zero spread from 0.0, and professional spread from 0.1.
WHICH FOREX BROKER HAS THE SMALLEST SPREAD?
Brokers who provide their clients with an ECN account will have the smallest spread.
Although we can’t tell which broker has the least spread because it varies depending on market conditions, all ECN account holders benefit from lower spreads across all brokers.
See a list of brokers with the smallest spread(ECN):
· IC markets