ThisForex trading broker provides currency trading training for online Forex trading. Traders who want to experience automated trading can use the Fixed Rate Returns platform as this forex broker is associated with an automated binary solution called Binary Options Robot. Traders who choose this broker have access to Forex and CFD trading as well as binary options through a unique multi-level
is committed to the highest ethical standards and reviews services independently. Learn How We Make Money has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. Here's how we test. Trading costs continue to decline each year as forex brokers compete to win you as a client, and many now offer zero spread trading accounts as an extra enticement. Be aware Some zero spread account offerings can be marketing gimmicks to lure you in as a trader. It's therefore important to be able to read the fine print and understand what to look for when deciding which broker to choose. This guide covers the best zero spread forex brokers and explains what you need to know to choose the best option for your needs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. What is a zero spread account? Zero spread accounts are trading accounts offered by brokers that have no difference between the bid and ask price, or spreads that average close to zero. However, there still exists the potential for spreads to widen, and there can still be added trading costs commissions, for example depending on the broker and account you choose. Trading with a zero spread account makes it easy to enter and exit a trade without the need to worry about incurring trading costs, provided there are no additional commissions or fees. Note Even if there is a commission instead of spread, accounting can be easier when you know there was no spread when calculating trading costs, as commissions are usually shown on a separate column in most brokerage account reports. Lowest Spread Forex Brokers Here are the best zero spread accounts, including brokers that offer spreads close to zero, available for 2023, based on 113 variables. Tickmill - Best overall for low costs CMC Markets - Best web trading platform, consistent pricing Interactive Brokers - Best for professionals, excellent pricing - Great for beginners, competitive pricing IC Markets - Great for MetaTrader, low average spreads FP Markets - Full MetaTrader suite, competitive pricing IG - Excellent education, great active trader pricing Is there a broker with 0 spread? While many brokers advertise zero spreads, it can be misleading to look only at the minimum spread or the lowest spread of the day - it's possible that the spread is worse higher the majority of the time. That is why it is important to only trust the average spreads to determine the true cost of a broker claiming to offer zero-pip spreads. A zero spread implies there is no difference in pips between the bid price and ask price; they are exactly the same price when the spread is 0. In our research, there are only a few brokers that truly average close-to-zero-pip spreads on the EUR/USD, but you still must pay a per-trade commission, thus the effective spreads average out to be higher. Any broker claiming to offer zero pips with no commissions should be considered carefully, as it could turn out to be either a scam or offer questionable execution practices. That's why it's always important to only use trusted, highly regulated brokers. For example, Tickmill, FP Markets, and IC Markets feature spreads close to 0 for their commission-based accounts, with their effective spreads averaging anywhere from to on the EUR/USD pair using monthly spread data obtained during our testing, helping them finish best in class in this category. How do you compare zero spread accounts? When you compare accounts offered by the best forex brokers for zero spread trading, spreads will still vary in most cases, and you may incur other trading costs such as commissions. Therefore, it is essential to keep the subtle details in mind when reading the fine print for zero spread trading. Forex brokers often offer multiple accounts, where certain features such as the execution method, the trading platform available, or the range of markets will vary depending on which account you select. Whether you are trading spot forex as a CFD or as a non-deliverable rolling contract, this guide covers some of the key takeaways for trading forex on margin with a zero spread broker. If you are interested in learning more about CFDs and you want to read about our favorite CFD trading platforms, check out our guide to the Best CFD Brokers and Trading Platforms. Should I choose a zero spread account? An account with zero spreads can make sense if your trading strategy is spread-sensitive or if you just want to reduce your trading costs as much as possible - but there are potential trade-offs. Factors to keep in mind include any added commission and knowing if zero spreads are variable or fixed, especially during volatile market conditions when spreads may widen. Consider that execution quality can suffer in a zero spread account if your trading strategy relies on specific execution qualities, such as avoiding slippage where your order can get filled at a worse price. Pros of zero spread pricing A scalping strategy or other high-frequency trading program based solely on latency, or price delays that cause arbitrage, will likely require that you have lower costs cost-sensitive to be profitable. Cons of zero spread pricing Conversely, other high-frequency algorithmic trading based on technical indicators can perform better on zero spreads, even if there are execution delays or price requotes during fast markets. However, this potential slippage also means that the effective spread can be greater than zero if your order is filled at a worse price. About zero spread forex brokers A zero spread forex broker attempts to offer a spread of zero pips. The spread is the difference between the bid price where you can sell and the ask price where you can buy, measured in pips fractions of a currency. These seemingly small trading costs can quickly add up, because trading forex takes place from within a margin account that is, uses leverage, especially as your trading volumes increase. Sample EUR/USD spread 10 years ago 3 pips Sample EUR/USD spread today pips Sample EUR/USD spread at a zero spread broker pips In the interbank market, where prices originate from major dealers, spreads are quoted in fractions of a pip, also known as fractional-pips. A zero pip spread may range from 0 to several fractions of a pip - or even more during volatile market conditions. Zero spread investment offerings comparison Using our forex brokers comparison tool, here's a summary of the spread pricing offered by the best zero spread forex brokers. Note Brokers listed in the above table rank best in class for Commissions & Fees. How does a zero spread forex broker earn money? A zero-pip spread that is fixed, and doesn't vary, will likely include a commission. The broker may also be operating a dealing desk to attempt to make money when you trade, by being on the opposite side of each trade. The way forex and CFD brokers earn money depends on their business model and available execution methods. All brokers will ultimately do one or more of the following Add a spread markup or earn a rebate agency broker when you trade with them, as they route your order to a third-party market-maker in return for compensation. Charge a commission agency broker in lieu of any spreads when routing your order. Manage risk as a dealer agency broker or market maker on zero spread accounts. Pro tip Some zero spread brokers combine some of these execution methods into a hybrid offering. Some brokers let you choose execution type from within your account or open an account specific to a particular execution method. Which broker has lower spreads? In order to really know which broker has lower spreads compared to the competition, we obtained average spread data and factored in any per-trade commissions to arrive at the effective spreads, which allow you to determine your true trading costs. Brokers with the lowest effective spreads in 2023 are as follows, based on average price data obtained by our research for the EUR/USD pair Tickmill - September 2021 on Pro account FP Markets - on October 2021 Raw ECN account CMC Markets - August 2021 on all accounts IC Markets - Average August 2021 on cTrader account HYCM - Average pips September 2021 on Raw account Interactive Brokers - pips Week ending Oct. 6, 2021 IG - Deeper discounts on Forex Direct account currency_exchangePro tip Read our guide to the best forex brokers to see how these low-cost brokers stack up to the best brokers in the industry, and check out our guide to the best forex trading apps to see which low-cost brokers deliver the best mobile trading experience. Which forex broker has the tightest spread? Tickmill provides the tightest spreads averaging pips on the EUR/USD during August after factoring in trading costs any commissions. CMC Markets follows closely in second place, with its competitive FX Active pricing. FX Active features zero-pip spreads on select major currency pairs, along with low per-trade commissions. . Pro tip When measuring forex spreads, the most accurate way to determine which broker has the tightest spread is to calculate the average spread for a given period - such as one month. In addition, it is important to factor in the trustworthiness of the broker, to ensure you are provided with the best execution to pay the spread you deserve and avoid pitfalls like asymmetrical slippage. Which broker has the best spread? Tickmill stands out as having the best spread, as the overall trading cost spread + commission is pips, which is the lowest on average based on September 2021 data using the EUR/USD pair on its Pro account offering. Other brokers might advertise a lower spread, but end up being more expensive because they charge a higher commission or have higher average spreads. Is a zero spread account good? While it's nice to avoid fees, a zero spread account can still end up costing you a per-trade commission, and even worse - spreads can potentially widen in a zero spread account even if it is commission-free. Depending on your strategy and trading needs, a zero spread account might not be good for you if certain order types or execution methods are not available. The key is knowing what the average spreads are, and whether there are any per-trade commissions - this allows you to calculate the effective spread. Can I trade forex without a broker? No, forex trading is conducted from within a brokerage account, which provides you a certain degree of leverage margin, along with access to a trading platform and a range of currency pairs. You should always choose trusted forex brokers that hold proper regulatory licenses to avoid becoming a victim of scams. Pro tip For cryptocurrency users looking at forex trading with stablecoins, a decentralized exchange is also not a suitable option for forex. Spreads can be significantly wider, and there is no mechanism to ensure the best execution even if zero spreads are advertised - which could result in extreme slippage. Which forex broker is best for scalping? IC Markets is an excellent forex broker for scalping, and provides zero spreads plus commission via its Raw Spread Account. IC Markets is used by a significant number of algorithmic traders and provides access to cTrader and MetaTrader. These platforms allow you to run automated high-frequency trading programs such as scalping-based strategies and can even place orders in between the spread. If you want to learn more about algorithmic trading and automated high-frequency trading systems, check out our guide to high-frequency trading. Pro tip Whether brokers claim to offer Straight Through Processing STP or an Electronic Communications Network ECN, these descriptions are not as important as how your broker's business model actually operates, including its order execution policy during fast markets when spreads can widen. What's the difference between raw spread and a standard account? A standard account refers to the smallest trade size of 100,000 units of currency, which is also known as a standard lot size. A raw spread refers to the cost of trading reflected in the bid/ask price, where the broker is not adding any markup but instead provides the price as is raw spread straight from their liquidity providers. Pro tip In most cases, raw spread forex brokers will add a per-trade commission to make money or act as market makers. 2023 Overall Ranking Now that you've seen our picks for the top low-cost forex brokers, check out the Overall Rankings. We've evaluated over 60 forex brokers, using a testing methodology that's based on 100+ data-driven variables and thousands of data points. Check out our full-length, in-depth forex broker reviews. Was this page helpful? Yes or No Popular Forex Guides Best Forex Brokers Best Forex Brokers for Beginners Best Forex Brokers for Copy Trading Best MetaTrader Brokers Best Forex Trading Apps Best Zero Spread Forex Brokers Compare Forex Brokers Methodology At our evaluations of online brokers and their products and services are based on our collected quantitative data as well as the qualitative observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the online forex brokerage industry, and we evaluate dozens of international regulator agencies click here to learn about how we calculate Trust Score. We conduct meticulous research that covers the entire spectrum of industry fees and commissions in order to provide the most accurate, up-to date information on the costs of using the online brokers that we review. We examine each broker’s bid/ask spreads as well as the average spread information for the most popular forex currency pairs, the existence and eligibility requirements of Active Trader or VIP rebates and discounts, inactivity or custody fees, minimum deposit requirements, execution methods, and a host of other data-driven variables. All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running macOS to test trading on the go. We also test on mobile devices; for Apple, we test using the iPhone XS running iOS 15, and for Android we use the Samsung Galaxy S9+ and Samsung Galaxy S20 Ultra devices running Android OS 12. Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors with quality data they can trust. Click here to learn more about how we test. Forex Risk Disclaimer There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Read more on forex trading risks. About the Editorial Team Steven HatzakisSteven Hatzakis is the Global Director of Research for Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the as a Commodity Trading Advisor CTA. Blain ReinkensmeyerBlain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all brokerages on and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. John BringansJohn Bringans is the Senior Editor of An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. Joey ShadeckJoey Shadeck is the Content Strategist and Research Analyst for He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.Beberapabroker forex yang memberikan kurs fix rate antara lain: 1. Broker forex FBS. Program kurs fix rate FBS berlaku hanya untuk klien Indonesia dan Thailand. Untuk klien forex Indonesia, nilai kurs adalah 1 USD = 10000 IDR. Untuk bisa mendapatkan fasilitas fix rate kurs FBS ini anda hanya perlu mengaktifkannya dengan masuk di link berikut. 2.
ThisForex trading broker provides currency trading training for online Forex trading. Traders who want to experience automated trading can use the Fixed Rate Finder platform as this forex broker is associated with an automated binary solution called Binary Options Robot. Traders who choose this broker have access to Forex and CFD trading as well as binary options through a unique multi-level
BestFixed Spread Forex Brokers ( Revealed ) A MUST READ article. An objective honest review written by an EXPERT panel - Updated 2022. as well as beginner-friendly features such as a low freeze rate and deal cancellation. Easy Markets has much to offer information-wise, Used by over 10,000 traders: 8 asset classes