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Which broker has the lowest spread?


uncle gober

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Hello everyone, i want to ask you which broker you are currently trading and what is the spread it has? I have been trading with Tickmill and it has one of the lowest spread for almost all pairs and also keep in mind that there are many brokers who does offer low spread but whenever there is a good chance to trade it jumps up seriously high but with Tickmill it stays same for almost every situation.

 

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Finding the best forex broker that has a fast execution capability, a reliable trading platform and which can be trusted with your account deposit might be the first things you will want to assure yourself of. Other sweeteners can include account opening bonuses and other features like mobile trading and SMS market alerts. I think TenkoFx provide an excellent facility for traders, PAMM Manager, Investor and Partner
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  • 2 weeks later...

 

Finding the best forex broker that has a fast execution capability, a reliable trading platform and which can be trusted with your account deposit might be the first things you will want to assure yourself of. Other sweeteners can include account opening bonuses and other features like mobile trading and SMS market alerts. I think TenkoFx provide an excellent facility for traders, PAMM Manager, Investor and Partner

 

So far only ECN brokers are able to provide lower spreads on average, because of their direct connection that makes trading costs will be lower. Also usually a dealing desk broker, also have low spreads and even competes with ECN broker.

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Low spread is good for the trader who want to do scalping technic. I like trading with ECN/STP account in Tickmill. ECN/STP model provides clients with direct access to the other Forex market participants (retail and institutional). Broker do not compete with clients or even trade against them. This grants clients more advantages over dealing desk market makers.

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The spread is a key part of any financial market. If you have done Forex trading before, then you have probably noticed that there are two types of prices – an ask price that is used when you buy the asset, and a bid price that is used when you sell the asset. Usually, there is a small difference between these prices – this different is called the spread.

 

Most trading systems and strategies are highly dependent on the spread offered by the broker, and often a spread value that is too high may render a trading system useless. If the trading system requires you to open many positions in a short amount of time, then it is very important that you find a Forex broker that offers low spreads. This is why high frequency traders always pay close attention to the spread that each broker offers. I  like scalping technique. I get a profit in the forex business using scalping techniques. I opened and closed the trading no more than 2 minutes. I need the speed of execution and low spreads to gain maximum profit. I am now comfortable trading with this system in the Tickmill 
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The spread is a key part of any financial market. Most trading systems and strategies are highly dependent on the spread offered by the broker, and often a spread value that is too high may render a trading system useless. If the trading system requires you to open many positions in a short amount of time, then it is very important that you find a Forex broker that offers low spreads. This is why high frequency traders always pay close attention to the spread that each broker offers. I  like scalping technique. I get a profit in the forex business using scalping techniques. I opened and closed the trading no more than 2 minutes. I need the speed of execution and low spreads to gain maximum profit. I am now comfortable trading with this system in the Tickmill 

 

So you only saying that tickmill is the broker that has lower spreads, well i don't try its demo account but so far i see their claim that saying they are truly ECN broker i hope to be true, if that is true then the rate for sure is low since ECN offers lower spreads with around 0.x pips up to 2 pips.

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  • 4 weeks later...

I am currently working with MayZus which is a good forex broker. They have low spreads for almost every currency pairs. Also there are other features that attracted me towards this broker. They have a lot of deposit bonus programs. Also we can withdraw our funds anytime. It means if we have deposited 50$ for trading in our account. Afterwards we change our mind and want to withdraw our money back. Then we can easily do this without any trouble.

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How low the spread? Is that as low as many ECN type broker that i have been tried before? My broker right now(not ECN) offers at around 1-5 pips depend on the condition of the market. But ECN broker for sure offer lower than that and usually the range from lowest to highest pips is narrow.

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  • 1 month later...

I am trading in TICKMILL and i got as low as 0 spread minimum spread on Exchange account. Speed of execution and low spreads are needed by traders to do scalping to achieve maximum profit. this is usually the main thing when traders decide to choose the right broker for scalping. based on my experience, TICKMILL gives traders especially for scalpers with very good platforms.
 

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I do agree that ECN is the best broker if someone want searching for a broker which offers lowest spread as possible, the compensation of that is comission but overall expenses still low especially if we compare it to another broker that is non ECN, the expenses in non ECN are bigger than ECN.

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It is important that we look at everything not just spread, as it is easiest thing for a scam broker to have low spread to get attention of traders. It is great advantage to have a broker that is regulated which also has low spread, but it is very rare to find a reliable and trustable broker that also have that facility. I currently trade with TICKMILL.  it is a very reliable and secure broker. They have really low spread as low as 0 pips with many other advantages like having leverage up to 1.500, swap free account and also great bonus of 15% on every deposit we make, it really helps us to make good money without even high risk or too much investments.

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@uncle gober: I see it as great advantage if a broker has lower spread but you are right about spread is not the only one that we need to take a look, there's support, regulation and many others. ECN so far historically the best broker that offers lowest spread compared to the other brokers.

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Even when there are brokers known for offering very low spread, it might also be said that it's not exhaustive as there might be some other brokers which are yet to be discovered by certain traders which also offer very low spread.

 

And then, you guys are right about that because it is not all that one needs to look at in brokers. There is also the need to look at factors like regulations too.

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  • 7 months later...

Scam brokers also has low spread. But this is just marketing gimmick to get more victim as much as they can. Bucketshop broker is one of the type where it offers low spread, fixed and usually zero spread! Is there any broker that offers no spread? Of course there isn't, if there is then that broker must be taxing you through comission later.

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  • 2 weeks later...

So far only ECN that overall spread is lower compared to other type of broker. i don't see any reason why trader should choose the lowest one, just use the one who offer better and competitive spread while offering the best service and not a dealing desk broker, because usually DD broker also offer lower spread, some even have fixed zero spread without comission.

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  • 2 weeks later...

Mostly ECN brokers has lowest spread, STP is the highest above them all but still in reasonable amount especially after volatile situation. Aside from that Dealing Desk broker usually has lowest spread compared to the others but this is due to internal market it has. Yes, DD broker has its own market where a broker can control.

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  • 2 weeks later...
An ECN broker is a forex financial expert who uses electronic communications networks (ECNs) to provide its clients direct access to other participants in the currency markets. Now I feel comfortable trading in TICKMILL which provide me type of ECN account with low deposit just 25$
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So far if we want to be honest, ECN is the only brokers type that has lowest spread overall in this case when the market is not so volatile. Spread is usually lower than 1 pips and even combined with other comission per position, it usually reached up to 2 pips and this is quite rare to be happened.

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  • 1 month later...

Each broker must have claimed that their brokers is the one which has thinner spread than others, but according to my analysis, most  TRUE ECN brokers has overall lower spreads compared with other Non Dealing Desk broker type, but the lowest is actually dealing desk broker because spreads 0.xx and never changed, which known as zero spread account.

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I think if any trader they want to seeking broker that has low spread they also can check out forexmart broker, maybe for scalping trader they will like with broker that has low spread, and usually pair that has low spread in eurusd, which this pair have good average movement daily,but if any trader they want big challenge might they can try gbpjpy

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I guess spread and commissions varies from broker to broker, low or fixed spreads has their own benefits but many traders finds it good to vary variable spread in order to avoid paying commission to broker.

Yes different broker might has different spread offered, and as trader they can check out on website company to understand about spread that offered, and sometime spread amount also as one consideration certain trader to choosing broker, low spread is more preferable, I am use forexmart also because has low spread also.
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