At InvestinGoal, we adhere to strict standards to ensure an unbiased review process. We conduct our reviews by examining each broker’s offering and performance across 4 key categories. A final rating is produced for each forex broker based on a total of 187 data points. Learn more about our review process and methodology.
Below you will be able to read about some of the best forex brokers with lowest spreads. We have studied and taken into consideration the following points:
- The account types offering fixed spreads
- The assets with fixed spreads
- The minimum fixed spreads on forex
- The minimum deposit
- The platform which accepts fixed spreads
Table of Content
- AvaTrade: best fixed spread broker overall
- easyMarkets: best MT4 broker
- FBS: best for lowest spreads
- FxPro: best for customer support
- Rakuten: best for Australian and Japanese clients
- City Index: best for non-forex fixed spreads
- Instaforex: best for trading tools
- HYCM: best trading technology
- Fibo Group: best educational materials provided
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs.
You should consider whether you can afford to take the high risk of losing your money
Top 9 fixed spread brokers: 2022 review
- AvaTrade only offers fixed spreads to their traders.
- Fixed spreads are charged on all AvaTrade assets provided including forex, indices, stocks, commodities, crypto, options, ETFs, and bonds.
- Fixed spreads on forex start from 0.9 pips (retail account) and 0.6 (professional account).
- The minimum deposit requested by AvaTrade to start trading is $100.
- Fixed spreads are offered on all AvaTrade platforms: MT4, MT5, and AvaOptions.
(79% of retail CFD accounts lose money)
- easyMarkets charges fixed spreads on all assets including forex, crypto, shares, options, commodities, and indices.
- Fixed spreads start from 0.7 pips on the MT4 platform and from 0.8 pips on the easyMarkets platform.
- There is a $25 easyMarkets minimum deposit.
- easyMarkets clients will find fixed spreads on both MT4 and easyMarkets platforms.
75% of retail CFD accounts lose money
- FBS provides fixed spreads on certain account types through the Micro account and the Zero Spread account.
- The fixed spreads charged on forex start from 3 pips on Micro accounts and from 0 pips on Zero Spread accounts.
- The FBS minimum deposit starts from $1 in order to start trading, depending on the account type.
- The platforms offering fixed spreads are both MT4 and MT5 platforms.
74-89% of retail CFD accounts lose money
- FxPro offers fixed spreads on 7 major forex pairs.
- The fixed spreads of FxPro start from 1.6 pips on forex.
- The FxPro minimum deposit is $100 in order to start.
- Fixed spreads on those 7 major pairs can be found on the FxPro MT4 Instant Account.
72.87% of retail CFD accounts lose money
- Rakuten Securities supports fixed spreads on forex.
- Fixed spreads on forex start from 0.9 pips (0.5 pips for Australian clients).
- The Rakuten minimum deposit is 10,000 HKD or $50 under the Australian entity.
- Fixed spread can be found on the Rakuten trading platform only.
Visit Rakuten Securities
(74-89% of retail CFD accounts lose money)
6. City Index
- City Index charges fixed spreads on indices, commodities, bonds, and interest rates.
- The minimum spread on UK100 is from 1 pip and on sugar is from 0.06.
- The minimum deposit needed is $100 to start trading with City Index.
- City Index clients can use both MT4 and WebTrader in order to find fixed spreads on certain assets.
Visit City Index
73% of retail CFD accounts lose money
- Fixed spreads are available under the Standard accounts on all the assets including forex, shares, indices, commodities, futures, and crypto.
- Instaforex charges fixed spreads on forex pairs from 2 pips on Standard accounts.
- Instaforex accounts can be opened with a minimum deposit is just $1.
- The MT4 and MT5 both support fixed spreads.
55.29% of retail investor accounts lose money
- HYCM has in its range of accounts the Fixed account on all their assets including forex, stocks, indices, and commodities.
- The fixed spreads here start from 1.5 pips on forex.
- HYCM accepts a $100 minimum deposit.
- MT4 and MT5 platforms are both available with the fixed spread account.
(58% of retail CFD accounts lose money)
9. Fibo Group
- Fibo Group provides its clients an MT4 Fixed account on assets including forex, metals, crypto, commodities, and indices.
- Fibo Group fixed spreads start from 2 pips on forex.
- The minimum deposit requested to start with Fibo Group is $50.
- Fixed spreads are supported on the MT4 platform with the Fixed account.
66% of retail CFD accounts lose money
What is spread
The spread when you are engaged in forex trading is very simply the difference between the bid and the ask prices of a forex currency pair or another trading market. This spread is sometimes the way in which almost all of the top forex brokers make a marginal profit through having their own small markup, although they remain as competitive as possible.
What does fixed spread mean?
Thinking about the spread in forex, you will typically encounter 2 types. Fixed spreads, and variable or floating spreads. The latter of these is usually more common and means that the spread can change (or float/vary) depending on the demand or volatility of a market. As mentioned above, this can provide some opportunity for a broker markup.
Fixed spreads on the other hand, as the name would imply, do not move. These are set by the broker and will almost never change, at least not in any short frame of time. Brokers who used fixed spreads can also be termed as market maker brokers.
Floating spread vs fixed spreads
Looking at the spread in forex from a trader perspective, you may wonder which one is best as a forex trader. This simply depends on the market and on the moment. Some may say that floating spreads tend to be averagely lower, although this is not always the case and the fact they can change does provide you as a forex trader with some level of unpredictability. If you’re interested in trading with extremely low floating spreads rather than fixed ones, check our top 10 featuring the forex brokers with the lowest spread.
Many in the forex trading industry like to eliminate this uncertainty and so they choose to deal with what may be a marginally higher fixed spread but they can understand the exact cost of their trade with ease.
With that said, when choosing a market maker broker for forex trading, you are relying a lot on the integrity and reputation of that broker to set the fixed spread in a fair and reasonable manner. Thus, you should always try to go with a very well-regulated broker like all that we have listed above. If you can do this, then in the long-term, depending on your forex trading style and the movements of the market itself, you may well find that you can save money and trade in a more economical manner with the fixed spread in place.
About The Author