The best low fixed-spread Forex brokers, according to our research, are:
- AvaTrade
- EasyMarkets
- FBS
- FxPro
- Rakuten Securities
- City Index
- Instaforex
- HYCM
- Fibo Group
A fixed-spread forex broker refers to a forex (Foreign Exchange) brokerage firm that offers a constant difference (spread) between the bid and ask prices of a currency pair, regardless of market conditions.
To compile this ranking the following points where taken into consideration:
- 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
What are the best fixed-spread forex brokers?
Here is a selection and review of fixed-spread forex brokers offering tight spreads, along with a description of their characteristics and features.
AvaTrade
best fixed spread broker overall
AvaTrade offers fixed spreads on all assets including forex, indices, stocks, commodities, crypto, options, ETFs, and bonds. AvaTrade provides fixed spreads from 0.9 pips for retail accounts and 0.6 for professional accounts.
-
Regulations:
-
Avg. EUR/USD Spread:
-
Platforms:
About AvaTrade
AvaTrade is a global forex and CFD broker founded in 2006 and headquartered in Dublin, Ireland. AvaTrade offers trading on currencies, commodities, indices, stocks, bonds, ETFs, and cryptocurrencies. AvaTrade provides proprietary platforms alongside MetaTrader 4 and 5. AvaTrade is regulated by multiple authorities including CySEC, ASIC, and FSA. AvaTrade serves over 300,000 clients worldwide. AvaTrade is known for competitive spreads and extensive educational resources. The AvaTrade CEO is David Dryzin since 2016.
AvaTrade Features
The features of AvaTrade are listed below.
- 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.
AvaTrade Pros and Cons
Advantages of AvaTrade
The advantages of AvaTrade are listed below.
- Tight fixed spreads from 0.6 pips (0.9 pips for retail traders)
- The mobile apps are well designed
- Can be connected to ZuluTrade and Duplitrade
Disadvantages of AvaTrade
The disadvantages of AvaTrade are listed below.
- High inactivity fees
- The demo account is limited to 30 days
EasyMarkets
best MT4 broker
EasyMarkets applies fixed spreads to all assets, such as forex, crypto, shares, options, commodities, and indices. EasyMarkets offers fixed spreads starting at 0.7 pips on MT4 and 0.8 pips on the easyMarkets platform.
-
Regulations:
-
Avg. EUR/USD Spread:
-
Platforms:
About EasyMarkets
EasyMarkets is a global forex and CFD broker founded in 2001, offering trading on currencies, commodities, indices, cryptocurrencies, and stocks. EasyMarkets provides proprietary web and mobile platforms alongside MetaTrader 4 and 5. EasyMarkets is regulated by multiple authorities including CySEC and ASIC. EasyMarkets is known for innovative features like dealCancellation and fixed spreads. EasyMarkets serves clients worldwide and has received numerous industry awards. The EasyMarkets CEO is Nikos Antoniades.
EasyMarkets Features
The features of EasyMarkets are listed below.
- 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.
EasyMarkets Pros and Cons
Advantages of EasyMarkets
The advantages of EasyMarkets are listed below.
- Innovative Risk Management Tools
- User-Friendly Platform
- Regulatory Trust
Disadvantages of EasyMarkets
The disadvantages of EasyMarkets are listed below.
- Limited Tradeable Symbols
- Higher Spreads on Some Accounts
- Outdated User Experience
FBS
best for lowest spreads
FBS presents fixed spreads through its Micro and Zero Spread accounts. FBS offers fixed spreads starting from 3 pips on Micro accounts and 0 pips on Zero Spread accounts.
-
Regulations:
-
Avg. EUR/USD Spread:
-
Platforms:
About FBS
FBS is a global forex and CFD broker founded in 2009, offering trading on currencies, commodities, indices, stocks, and cryptocurrencies. FBS provides MetaTrader 4, MetaTrader 5, and proprietary platforms. FBS is regulated by multiple authorities including CySEC, ASIC, and IFSC. FBS serves over 27 million clients in 150+ countries. FBS is known for low minimum deposits, extensive educational resources, and copy trading services.
FBS Features
The features of FBS are listed below.
- 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.
FBS Pros and Cons
Advantages of FBS
The advantages of FBS are listed below.
- Low minimum deposit
- User-Friendly Platforms
- 90 international awards
Disadvantages of FBS
The disadvantages of FBS are listed below.
- Limited Financial Instruments
FxPro
best for customer support
FxPro provides fixed spreads on seven major forex pairs. FxPro offers fixed spreads starting from 1.6 pips and features these on the FxPro MT4 Instant Account.
-
Regulations:
-
Avg. EUR/USD Spread:
-
Platforms:
About FxPro
FxPro is a global online broker founded in 2006, offering trading on forex, CFDs, stocks, indices, commodities, and cryptocurrencies. FxPro provides multiple trading platforms including MetaTrader 4, MetaTrader 5, cTrader, and its proprietary FxPro Platform. FxPro is regulated by multiple authorities including FCA, CySEC, SCB, FSC and KNN. FxPro serves clients in over 170 countries and has won numerous industry awards. The FxPro CEO is Charalambos Psimolophitis.
FxPro Features
The features of FxPro are listed below.
- 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.
FxPro Pros and Cons
Advantages of FxPro
The advantages of FxPro are listed below.
- Regulated and Trusted Forex broker
- Diverse Trading Platforms
- Wide Range of Instruments
Disadvantages of FxPro
The disadvantages of FxPro are listed below.
- Inactivity Fee
- Limited Educational Resources
- No Guaranteed Stop-Loss Orders
Rakuten Securities
best for Australian and Japanese clients
Rakuten Securities supports fixed spreads on forex. Rakuten Securities begins fixed spreads at 0.9 pips, with a reduced 0.5 pips for Australian clients.
-
Regulations:
-
Avg. EUR/USD Spread:
-
Platforms:
About Rakuten Securities
Rakuten Securities is a global online broker founded in 1999, offering trading on forex, CFDs, and other financial instruments. Rakuten Securities is regulated by the HK SEC and serves over 2 million traders worldwide. Rakuten Securities provides the MetaTrader 4 platform and offers fixed spreads starting from 0.5 pips. Rakuten Securities is known for low minimum deposits and a user-friendly copy trading tool. The Rakuten Securities CEO and President is Yuji Kusunoki.
Rakuten Securities Features
The features of Rakuten Securities are listed below.
- 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.
Rakuten Securities Pros and Cons
Advantages of Rakuten Securities
The advantages of Rakuten Securities are listed below.
- Low Minimum Deposit
- User-Friendly Copy Trading
- Regulated and Secure
Disadvantages of Rakuten Securities
The disadvantages of Rakuten Securities are listed below.
- Limited Asset Selection
- Single Trading Platform
- High Fees on Certain Instruments
City Index
best for non-forex fixed spreads
City Index imposes fixed spreads on indices, commodities, bonds, and interest rates. City Index offers a minimum spread starting from 1 pip for the UK100 and 0.06 for sugar.
-
Regulations:
-
Avg. EUR/USD Spread:
-
Platforms:
About City Index
City Index is a global forex and CFD broker founded in 1983, offering trading on currencies, indices, commodities, cryptocurrencies, and stocks. City Index provides proprietary platforms alongside MetaTrader 4. City Index is regulated by multiple top-tier authorities including FCA, ASIC, and MAS. City Index is known for competitive spreads, extensive research tools, and educational resources. City Index is part of the NASDAQ-listed StoneX Group. The City Index’s parent company “StoneX Group Inc.” CEO is Sean O’Connor.
City Index Features
The features of City Index are listed below.
- 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.
City Index Pros and Cons
Advantages of City Index
The advantages of City Index are listed below.
- Regulatory Trust
- Advanced Trading Tools
- Diverse Market Access
Disadvantages of City Index
The disadvantages of City Index are listed below.
- Limited MetaTrader Options
- Educational Content Gaps
- Customer Support Issues
Instaforex
best for trading tools
Instaforex provides fixed spreads on Standard accounts for all assets, including forex, shares, indices, commodities, futures, and crypto. Instaforex starts fixed spreads on forex pairs from 2 pips.
-
Regulations:
-
Avg. EUR/USD Spread:
-
Platforms:
About Instaforex
InstaForex is a global forex and CFD broker established in 2007, offering trading on currencies, commodities, indices, stocks, and cryptocurrencies. InstaForex provides MetaTrader 4, MetaTrader 5, and proprietary platforms. InstaForex is regulated by the Financial Services Commission (FSC) of the British Virgin Islands. InstaForex serves over 7 million clients worldwide and is known for competitive spreads, extensive educational resources, and various account types. InstaForex offers copy trading and PAMM accounts.
Instaforex Features
The features of Instaforex are listed below.
- 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.
Instaforex Pros and Cons
Advantages of Instaforex
The advantages of Instaforex are listed below.
- Beginner-Friendly
- Wide Range of Instruments
- Advanced Trading Tools
Disadvantages of Instaforex
The disadvantages of Instaforex are listed below.
- Outdated Website Design
- Limited Trading Instruments
- Customer Support Limitations
HYCM
best trading technology
HYCM offers fixed spreads on all assets such as forex, stocks, indices, and commodities. HYCM features fixed spreads starting from 1.5 pips.
-
Regulations:
-
Avg. EUR/USD Spread:
-
Platforms:
About HYCM
HYCM is a forex and CFD provider with over 40 years of cumulative group experience. HYCM offers trading in various assets through MetaTrader 4, MetaTrader 5, and its proprietary HYCM Trader app. HYCM provides fast order execution, and professional customer support, and is regulated by multiple authorities in Europe and Asia.
HYCM Features
The features of HYCM are listed below.
- 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.
HYCM Pros and Cons
Advantages of HYCM
The advantages of HYCM are listed below.
- Low Trading Fees
- User-Friendly Platforms
- Educational Resources
Disadvantages of HYCM
The disadvantages of HYCM are listed below.
- Limited Product Range
- Inactivity Fee
Fibo Group
best educational materials provided
Fibo Group delivers an MT4 Fixed account with fixed spreads on forex, metals, crypto, commodities, and indices. Fibo Group sets fixed spreads starting from 2 pips on forex.
-
Regulations:
-
Platforms:
About Fibo Group
FIBO Group is one of the oldest brokers, offering forex and CFD trading since 1998. FIBO Group provides various trading platforms including MetaTrader 4, MetaTrader 5, and cTrader, and is regulated by the Financial Services Commission (FSC). FIBO Group has offices across Europe, Central, and East Asia, and offers multi-language support, along with various deposit and withdrawal options.
Fibo Group Features
The features of Fibo Group are listed below.
- 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.
Fibo Group Pros and Cons
Advantages of Fibo Group
The advantages of Fibo Group are listed below.
- Multiple Trading Platforms
- 24/7 Customer Support
- Global Regulation
Disadvantages of Fibo Group
The disadvantages of Fibo Group are listed below.
- PAMM Withdrawal Fees
- Limited Promotions
- High Initial Deposits
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.