Tight Spread and Low Commission Brokers 2022

For every other trader out there, the definition of the best broker varies and is in accordance with what they want from the market. However, out of the different features that traders usually look for when choosing a suitable forex broker, tight spreads and low commissions are on the top of the list of every broker.

Every time traders execute trades, the forex brokers charge a commission or a spread or both. This is the primary reason why traders look for low spread and low commission brokers.

What are Some of the Tight Spread and Low Commission Brokers in 2022?

Turnkey Forex

Spread: 0.1 pips
Commission: $2 per $100k round turn
Leverage: 500x
Minimum Deposit: $10

Turnkey Forex is a popular low spread forex broker that provides the latest technology and platforms to its traders along with excellent trading conditions. Because of the tight spreads and low commissions, the broker makes a pocket-friendly choice for most traders. Traders get to trade with user-friendly trading platforms including MT4, MT5, and ActTrader that they can customise in accordance with their trading needs.

The low commission broker offers a variety of trading tools like PAMM accounts and VPS hosting to make trading easier for their traders. With same day withdrawals and 24/5 chat support; trading becomes hassle-free for the traders. Traders can open STP and ECN accounts depending on their trading requirements.

Evolve Markets

Spread: 0.2 pips
Commission: 0.0035% of the trading capital
Leverage: 1000x
Minimum Deposit: $1

Evolve Markets offers hassle-free access to the global markets. It hardly takes a couple of minutes for traders to open their trading account with the broker. The withdrawals are free of cost and leverage is quite high with them. They also have a referral program that gives the opportunity to earn bitcoins.

They offer over 50 currency pairs and STP market execution for ease of trading. Traders can have their accounts in BTC, LTC, ETH or USDT and have no FIFO limits. They offer their own trading platform- Evolve Webtrader and MetaTrader 5 to the customers for fast online trading.

Grand Capital

Spread: 1 pips
Commission: No commission
Leverage: 500x
Minimum Deposit: $1000

Grand Capital offers a wide variety of financial instruments for online trading including forex and cryptocurrencies. Traders can easily copy trades of other traders automatically to their accounts. They allow traders to claim a 40% bonus with every deposit they make. You can directly open a standard trading account with them and make deposits via bank card or cryptocurrencies.

The broker lets you trade with MT4, MT5, and their mobile app Grand Trade which works great for all traders. Professional traders can have ECN accounts with them. When you are trading with them, you can expect to get highly liquid instruments, small fees, immediate execution, and 24 hours active support.

FinproTrading

Spread: 0.2 pips
Commission: $2 per $100k round turn
Leverage: 500x
Minimum Deposit: $5

FinproTrading is also the lowest spread forex broker that caters to the trading requirements of each trader. Its users can make use of the VPS service to trade without any interruptions or losing connection with the server. The traders can make use of MT4, MT5, or ActTrader trading platforms combined with broker’s low commissions and low spreads to boost their trading journey.

Traders get to make use of a trader-friendly interface that comes with all the essential features in the dashboard so that navigation becomes smooth and easy. They also offer a dedicated account manager that is meant to help traders improve their trading experience and journey.

Forex4You

Spread: 2 pips
Commission: No commission
Leverage: 1000x
Minimum Deposit: $10

Forex4You is among the low spread brokers that offers good trading conditions overall. They offer the copy trade service and the orders get executed in around 0.1 sec. As there are no delays in order execution, the traders can get their trades executed at the best prices. They offer over 150 tradable instruments and free-market analytics. The broker also gives the option of webinars and seminars to its traders.

They have swap-free accounts and also offer a 100% deposit bonus to new traders. Traders get the opportunity of multiplying their income by becoming a leader in the Share4you social trading network. When other traders copy your lots, you get an amount credited to your account.

TradersWay

Spread: 0.1 pips
Commission: 3 USD per 100k USD traded volume
Leverage: 1000x
Minimum Deposit: $10

TradersWay is known to provide its clients with the best trading opportunities available on financial markets. They offer flexible trading conditions with no limits to help you customise your trades the way you want. Traders get to trade on user-friendly MetaTrader 4 and MetaTrader 5 trading platforms and can choose an account type on the basis of their particular requirements.

The tight spread broker also offers a Trader’s Way Web Trader (available only on the cTrader platform) that is meant to let you trade whenever you want. They offer both variable and fixed spreads on their accounts. They prioritise the safety of your funds and pay you your money and profits in full and in a timely manner.

MTrading

Spread: 1.2 pips
Commission: No commission
Leverage: 1000x
Minimum Deposit: $100

MTrading is a popular no commission forex broker that has helped many traders achieve their goal of forex trading at low costs. Traders get to take advantage of add-ons and extra features while trading with them. You can trade with MT4 and MTrading WebTrader when using this broker. They offer easy-to-use trade management tools on their trading platforms to make trading hassle-free for traders.

They guarantee the protection of each trader’s funds up to 20,000 EUR. The broker segregates the clients’ funds from that of the company’s to ensure that your funds are available to you at all times. The customer support team is quite responsive and helps you every time you are stuck or need some information.

FirewoodFX

Spread: 1 pip
Commission: No commission
Leverage: 1000x
Minimum Deposit: $10

FirewoodFX offers a self-trading account to help you maximise your profits using your own trading strategies. They offer fast order execution and have no swap charges. The traders can choose an account type on the basis of their requirements out of the micro account, standard account, and premium account. The traders face no trading restrictions and hence, can customise their trades as per their needs.

There is also a 20% deposit bonus that traders get on a deposit of $100. Traders can make use of expert advisors, robot trading, news trading, and scalping as per their choice. The broker offers the MT4 trading platform with exceptional trading tools for both PC and mobile trading.

Coinexx

Spread: 0.1 pips
Commission: $2 per $100k round turn
Leverage: 500x
Minimum Deposit: $5

Coinexx truly deserves to be on the list of low spread brokers for offering ultra-low spreads forex and cryptocurrencies. The good part about trading with the broker is that they don’t put any unnecessary restrictions on trading and platform customization. Moreover, the traders get to see the correct and timely pricing details on their platform and so, they get their orders filled at the best prices.

The broker also offers negative balance protection to keep your capital safe. The account setup process is quick and you don’t have to waste any time on getting the verification done. Traders get access to deep liquidity and fast order execution speed for an enhanced trading experience.

FxGlory

Spread: 2.0 pips
Commission: No commission
Leverage: 3000x
Minimum Deposit: $1

FxGlory is a low spread no commission forex broker that offers one of the highest leverages in the industry. Traders can get a 50% deposit bonus. They aim at providing their customers flexibility and ease of trading whenever they are using them. They offer cutting-edge trading tools and trustworthy trade execution along with high-quality trading services. The broker maintains financial transparency for informed decision-making.

Traders get to use a free remote VPS server for uninterrupted trading. The clients face no restrictions in making deposits and withdrawals with the broker. Their traders get to make use of high-grade trading technologies aimed at deriving profits. Their spread table helps you stay updated with the live market.

What is a Forex Spread?

A spread is the primary cost of forex of conducting a transaction with your broker. You will always be paying more when you buy and get low when you sell 1 unit of the base currency. This is because your broker also has to earn something and that comes from the transactions you make using their trading platforms.

A spread can be defined as the difference between the ask price and bid price in a currency pair. Here, the ask price is the price that you quote if you want to buy the base currency and the price you get from the market is the bid price. In general, the ask price will always be above the bid price.

What are Commissions?

Along with the spread, commissions are also levied by forex brokers for executing trades on their behalf. Commission can vary from broker to broker depending on the asset you are trading and the services that you are being offered. The brokers that don’t do anything more than executing trades and don’t advise traders on their trades usually have low trading commissions.

Why do Traders want Tight Spreads and Low Commissions?

Now that both spread and commissions are the charges that traders pay to execute a trade, nearly all traders are interested in low spread and low commission forex brokers. These charges also play an important role when traders are choosing a broker to trade with, as low spreads and low commission means lower trading cost for the trader.

Bottom Line

While trading costs are an important consideration while choosing a broker, they are not the only important factor which makes a forex broker good enough for traders. There are many other factors like high leverage, trading platforms, and customer support services that must also be considered.

You can consider the above-mentioned low commission brokers for your trading based on what you are looking for in your broker. But we suggest testing them on your own to ensure that you have a fair idea of what to expect from them before choosing them.