Best low spread forex brokers

forex-brokers

Low spreads are important in forex trading because they help us save money. Spreads are the difference between the buy and sell price of a currency pair. The spread is expressed as “point” or pips, with each pip being one unit of price movement in that currency pair. Some brokers charge their clients higher spreads than others. So it is often a good idea to look for low spread forex brokers.

Best low spread forex brokers

1. Turnkey forex:

Turnkey forex has some of the lowest spreads available, making it an excellent choice for traders executing multiple trades in a day. They offer spreads from 0.1 pips, negative balance protection, and a 100% deposit bonus with up to 500:1 leverage.

2. Cedarfx:

Cedarfx offers over 150 assets to trade. They provide 0% commission but the spreads start from 0.7 pips.

3. LQDFX:

LQDFX has spreads starting from 0.2 pips and they offer a 100% deposit bonus with STP execution. They give 24/5 customer support service.

4. Liteforex:

Their commission cost of $7 can be a bit high for some traders but the spreads offered are on the lower side.

5. Paxforex:

Paxforex provides spreads from 0.4 pips with high leverage up to 1:500. They also offer education to beginners in forex. Paxforex offers multilingual customer support in over 50 countries.

It is always advisable to check out the trading conditions of a broker through their demo accounts before going live. As every trader is unique, so are their trading requirements.

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