When spreads are fixed, the difference between the bid and ask price will always be the same, which makes it easier to plan trades and reduces risks. In this article, we review the 15 Best Fixed Spread Forex Brokers.
Whether you prefer fixed spreads or variable spreads depends on your trading style and the strategy you use. It also depends on how comfortable you are trading with fluctuating spreads and unpredictable markets.
Fixed spreads give you peace of mind because they are constant even when the markets are volatile. While variable spreads may be lower than fixed spreads, they could be much higher the next day.
Fixed spreads are less risky because you will always be trading with the same spreads, which makes it easier to plan ahead and budget.
Many brokers offer both fixed spreads and variable spreads, so we recommend choosing a broker that offers both so that you can see which you prefer.
Let’s take a look at the 15 Best Fixed Spread Forex Brokers you can trade with:
OvalX (ETX Capital)
Overall Rating USD 100 FCA, FSCA 📱 Platforms ETX TraderPro, MT4 ₿ Crypto Yes 💵 Account Currency GBP, USD, EUR No 1:30 🛒 Instruments Forex, Indices, Shares, Commodities, Crypto 🏛️ Visit Broker
3.4/5
Minimum Deposit
Regulators
Islamic Account
Leverage
OvalX was formerly known as ETX Capital and rebranded recently.
OvalX was founded in 1965 and is a London-based broker that is regulated by the FCA and CySEC.
OvalX offers more than 5,000 CFDs with spreads starting from 0.7 pips on currency pairs.
This broker is a popular choice for spread betters and CFD traders.
OvalX also provides trading guides for beginners.
OvalX Pros and Cons:
| ✔️Pros | ❌Cons |
| Free withdrawals and deposits | 3 account currencies |
| Beginner-friendly | No swap-free account |
| 5,000+ instruments | |
| Proprietary money app |
Forex.com
Overall Rating USD 100 FCA, IIROC, ASIC, CFTC 📱 Platforms MT4, MT5, Forex.com apps ₿ Crypto Yes 💵 Account Currency EUR, GBP, USD No 📊 Leverage 1:40 🛒 Instruments Forex, Indices, Stocks, Commodities, Metals, Crypto 🏛️ Visit Broker
3.9/5
Minimum Deposit Regulators Islamic Account
Forex.com offers 3 types of flexible accounts and thousands of tradable instruments.
The Standard account is commission-free and beginner-friendly and has spreads from 0.6 pips. (minimum deposit: $1,000)
The Commission account charges a small commission fee on trades but offers spreads from 0.2 pips. (minimum deposit: $1,000)
The DMA account offers the tightest spreads but requires a minimum deposit of $25,000.
Forex.com Pros and Cons of:
| ✔️Pros | ❌Cons |
| Actie trader program | 2 base currencies |
| 9,500+ markets | Inactivity fees |
| Beginner-friendly |
FIBO Group
FIBO Group was founded in 1998 and is a popular Forex and CFD broker based in Cyprus.
FIBO Group offers low spreads and more than 45 currency pairs.
FIBO Group provides live spreads, an updated events calendar and financial news.
There are 6 types of accounts you can open with spreads starting from 0 pips.
Three of the accounts offered are commission-free.
FIBO Group Pros and Cons:
| ✔️Pros | ❌Cons |
| Great research material | Some accounts can only be funded wth USD & EUR |
| Commission-free trading | Futures account only available in US |
| Tight spreads | |
| No minimum deposit |
Plus500
Overall Rating USD 100 FCA, CySEC, ASIC, FMA 📱 Platforms Plus500 app ₿ Crypto Yes 💵 Account Currency USD, GBP, EUR, CHF, AUD, JPY, PLN, HUF, CZK, CAD, TRY, SEK, NOK, SGD Yes 📊 Leverage 1:300 🛒 Instruments Forex, Indices, Cryptocurrency, Commodities, Shares, Options, ETFs 🏛️ Visit Broker
4.7/5
Minimum Deposit Regulators Islamic Account
Plus500 is a popular broker that has more than 22 million clients.
Plus500 offers more than 2,800 instruments and is an FTSE 250 company that is listed on the London Stock Exchange.
Plus500 Pros and Cons:
| ✔️Pros | ❌Cons |
| 22mil+ clients | Does not support copy trading, hedging or scalping |
| 2,800+ instruments | Inactivity fee |
| 16 Account currencies supported | Futures account only available in US |
| Highly regulated |
FBS
16,000,000+ Traders Overall Rating USD 1 CySEC, IFSC, FSCA, ASIC 📱 Platfroms MT4, MT5, FBS trader, CopyTrade ₿ Crypto Yes 💵 Account Currency EUR, USD Yes 1:30 🛒 Instruments Forex, Indices, Stocks, Metals, Energies, Crypto Welcome bonus 🏛️ Visit Broker FBS has launched a new type of account specifically for trading cryptocurrencies. The new Crypto account has over 100 instruments with digital currencies. BTC, LTC, and ETH are just some of the instruments that will be available for trading against other cryptocurrencies or against more traditional currencies, commodities, and other instruments.
4.7/5
Minimum Deposit Regulators Islamic Account Leverage
FBS offers a $140 welcome bonus and 6 flexible account types.
The Zero Spread account offers spreads from 0 pips and high-speed trading.
All other accounts typically have tight spreads but the Cent account has the lowest minimum deposit and is suitable for beginners.
FBS Pros and Cons:
| ✔️Pros | ❌Cons |
| 6 account types | High minimum deposit payable for low spreads |
| Copy trading offered | Only 2 account currencies |
| Welcome bonus | |
| Beginner-friendly |
HYCM
Overall Rating USD 100 FCA, CySEC, CIMA, DIFC 📱 Platforms MT4, MT5 ₿ Crypto Yes 💵 Account Currency USD, GBP, EUR, AED Yes 1:500 🛒 Instruments Forex, Stocks, Indices, Cryptocurrencies, Commodities, ETFs 🏛️ Visit Broker
4.3/5
Minimum Deposit Regulators Islamic Account Leverage
HYCM offers 3 types of accounts and spreads from as low as 0.1 pips on the Raw account.
No commission fees are charged on the Fixed and Classic accounts but their spreads are slightly higher.
We recommend taking the quiz on the HYCM website to find out what type of account is best for you.
HYCM Pros and Cons:
| ✔️Pros | ❌Cons |
| 300+ instruments | 2 base currencies |
| Tight spreads | Inactivity fees |
| Beginner-friendly | High minimum deposit |
| Negative Balance Protection |
ForexMart
Overall Rating USD 15 SVGFSA 📱 Platforms MT4 ₿ Crypto Yes 💵 Account Currency EUR, GBP, USD Yes 1:500 🛒 Instruments Crypto, Energies, Indices, Spot Metals, Forex, CFDs 🏛️ Visit Broker
2.9/5
Minimum Deposit Regulators Islamic Account Leverage
ForexMart is an award-winning broker that was founded in 2015.
ForexMart offers 4 types of accounts with spreads as low as 0 pips on the Zero Spread account.
The Classic, Pro and Cent accounts are commission-free but their spreads are slightly higher (from 0.6 pips).
ForexMart Pros and Cons:
| ✔️Pros | ❌Cons |
| 4 account types | No US clients |
| Negative Balance Protection | 3 base currencies |
| Commission-free accounts | |
| No inactivity fees |
Dukascopy
USD 100 FINMA, FCMC, JFSA 📱 Platforms JForex, MT4 ₿ Crypto Yes 💵 Account Currency SEK, SGD, TRY, XAU, ZAR, USD, CHF, EUR, GBP, AUD, CAD, CZK, DKK, HKD, HUF, ILS, JPY, MXN, NOK, NZD, PLN, RON, RUB, CNH Yes 1:2000 🛒 Instruments Forex, Metals, Energy, Crypto, Indexes, Bonds, Stocks, ETFs 🏛️ Visit BrokerMinimum Deposit Regulators Islamic Account Leverage
Dukascopy offers tight spreads from 0.1 pips and 24/7 customer support.
Dukascopy’s accounts can be used for scaling, hedging and robot trading and you can also use jForex API and FIX API to automate your trades.
Dukascopy offers deep liquidy from over 20 international banks and is one of the top-rated brokers for active traders and professionals.
Dukascopy Pros and Cons:
| ✔️Pros | ❌Cons |
| 20+ base currencies | High minimum deposit |
| Tight spreads | Withdrawals are not free |
| Bonus programs | Not available in US |
| Banking services provided |
Alpari
USD 5 FSC 📱 Platforms MT4, MT5, Alpari Mobile ₿ Crypto No 💵 Account Currency USD, EUR, GBP, NGN Yes 1:1000 🛒 Instruments Forex, Metals, CFDs 🏛️ Visit BrokerMinimum Deposit Regulators Islamic Account Leverage
Alpari offers 2 Standard accounts and 2 ECN accounts.
The Standard accounts and Forex Pro account can only be used on MT4, but the Forex ECN account can be used on MT4 and 5.
ECN accounts offer the tightest spreads but require the highest minimum deposits ($500-$25,000).
Standard accounts have higher spreads but lower minimum deposits ($5-$1,000).
Alpari Pros and Cons:
| ✔️Pros | ❌Cons |
| Low minimum deposit | 4 base currencies |
| Referral program | No USA clients |
| 4 account types | |
| 2mil+ clients |
Markets.com
Overall Rating USD 100 CySEC, ASIC, FSCA 📱 Trading Desk MT4, MarketsX, Marketsi, MT5 ₿ Crypto Yes 📈 Total Pairs 65 Yes Low 🕒 Account Activation Time 24 Hours 🏛️ Visit Broker
3.7/5
Minimum Deposit Regulators Islamic Account Trading Fees
Markets.com is a regulated and licensed CFD broker.
Markets.com is a beginner-friendly broker that offers tight spreads starting from 0.6 pips and commission-free trading.
If you are trading for the first time, we recommend visiting the Markets.com knowledge centre before making a deposit.
Markets.com Pros and Cons:
| ✔️Pros | ❌Cons |
| 2,000+ instruments | High minimum deposit |
| Multiple platforms | Inactivity fees |
| 8+ base currencies | |
| Tier-1 regulations |
Instaforex
Overall Rating USD 1 FSC, BVI, CySEC 📱 Platforms MT4, MT5, InstaTick Trader ₿ Crypto Yes 💵 Account Currency EUR, USD Yes 1:1000 🛒 Instruments Forex, Stocks, Indices, Metals, Oil, Gas, Commodity Futures, Crypto, InstaFutures 🏛️ Visit Broker
3.9/5
Minimum Deposit Regulators Islamic Account Leverage
Instaforex offers 4 types of trading accounts and all accounts have low minimum deposit requirements and are suitable for beginners.
The Insta.Eurica and Cent.Eurica accounts offer the tightest spreads (from 0 pips) but a small commission fee is charged on both accounts.
The Insta.Standard and Cent.Standard accounts are commission-free but the spreads on these accounts are higher.
InstaForex Pros and Cons:
| ✔️Pros | ❌Cons |
| 7mil+ clients | 2 base currencies |
| Low minimum deposit | No US clients |
| Negative Balance Protection | |
| Tight spreads |
XM
Overall Rating USD 5 ESMA, CySEC, ASIC, FCA, IFSC, DFSA 📱 Platforms Desktop MT4 and MT5, Mobile MT4 and MT5, XM mobile app, Web platform ₿ Crypto No 💵 Account Currency USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB Yes 1:1000 🛒 Instruments Commodities, Forex, Stocks, Crypto, Metals, Shares, Energies 🏛️ Visit Broker
4.1/5
Minimum Deposit Regulators Islamic Account Leverage
XM offers 4 types of accounts and 3 of the 4 accounts have a low minimum deposit requirement.
A minimum deposit of at least $10,000 is needed to open a Shares account.
All XM accounts have tight spreads, starting from as low as 0.6 pips on the XM Ultra Low Account ad 1 pip on the Standard and Micro accounts.
The Standard, Micro and Ultra Low accounts are commission-free and can be used for Hedging.
All accounts can be used as swap-free accounts.
XM Pros and Cons:
| ✔️Pros | ❌Cons |
| 1,000+ instruments | Hedging not allowed on Ultra Low account |
| Low minimum deposit | No US clients |
| Bonus offers | Inactivity fees |
| Tight spreads |
Trading212
Overall Rating USD 1 FCA, CySEC, FSC 📱 Platforms Trading212 mobile and web apps ₿ Crypto No 💵 Account Currency USD, EUR, GBP No 1:300 🛒 Instruments Stocks, Indices, Commodities, Forex 🏛️ Visit Broker
3.2/5
Minimum Deposit Regulators Islamic Account Leverage
Trading212 is a UK-based broker that offers more than 10,000 instruments.
Trading212 offers 2 types of accounts that can either be used for Investing or trading CFDs.
The CFD account is commission-free and offers spreads from as low as 0 pips on currencies.
Trading212 Pros and Cons:
| ✔️Pros | ❌Cons |
| 150+ Forex pairs | No swap-free accounts |
| Commission-free trading | No US clients |
| Negative balance protection | |
| Low minimum deposit |
easyMarkets
Overall Rating USD 25 CySEC, ASIC, FSA 📱 Platforms MT4, TradingView, easyMarkets app ₿ Crypto Yes 💵 Account Currency EUR, CAD, CZK, JPY, NZD, USD, SGD, CHF, GBP, MXN, AUD, PLN, TRY, CNY, HKD, NOK, SEK, ZAR, BTC Yes 1:400 🛒 Instruments Forex, Shares, Crypto, Metals, Commodities, Indices 🏛️ Visit Broker
4.8/5
Minimum Deposit Regulators Islamic Account Leverage
easyMarkets offers a total of 7 account types and only the MT5 account has variable spreads.
All other accounts have fixed spreads starting from as low as 0.6 pips and all accounts are commission-free.
You can open a Standard, Premium or VIP account on either the easyMarkets app or MT4.
The Standard accounts have the lowest minimum deposit.
easyMarkets Pros and Cons:
| ✔️Pros | ❌Cons |
| 15+ base currencies | No US clients |
| Many account types | |
| Low minimum deposit |
Forex4You
Overall Rating USD 0 BVIFSC 📱 Platforms Forex4you apps, MT4 ₿ Crypto No 💵 Account Currency USD, EUR No 1:1000 🛒 Instruments Forex, Commodities, Indices, Stocks 🏛️ Visit Broker
3.9/5
Minimum Deposit Regulators Islamic Account Leverage
Forex4You offers 4 types of trading accounts, including 2 types of Cent accounts (which we recommend for beginners).
No minimum deposit is required on any of the accounts and the Classic and Cent accounts have fixed spreads from 2 pips.
If you want tighter spreads, the Cent NDD and Pro STP accounts offer spreads from 0.1 pips, but the Pro STP account is not eligible for bonuses and commission fees are charged.
The Cent account and Classic accounts are commission-free and can be used for hedging.
Forex4you Pros and Cons:
| ✔️Pros | ❌Cons |
| No minimum deposit | No swap-free account |
| Commission-free trading | No crypto |
| 2.6mil+ clients | 2 base currencies |
| Trading bonuses |
BDSwiss
USD 200 CySec, FSC, FSA, BaFin, NFA 📱 Platforms MT4, MT5, BDSwiss app Yes 💵 Account Currency EUR, USD, GBP, PLN, CHF, SEK, DKK, NOK Yes 1:500 🛒 Instruments Forex, Commodities, Shares, Indices, CryptocurrenciesMinimum Deposit Regulators Islamic Account Leverage
BDSwiss offers a stock trading account and a corporate account.
The StockPlus account can be used to trade 1,000+ instruments commission-free. This account can be sued for hedging, scalping and EA trading.
BDSwiss offers more than 50 forex pairs with spreads from as low as 0 pips.
BDSwiss Pros and Cons:
| ✔️Pros | ❌Cons |
| 1,000+ instruments | High minimum deposit |
| Tight spreads | No USA clients |
| 50+ currency pairs | |
| Beginner-friendly |
eToro
Overall Rating USD 50 FCA, CySEC, ASIC 📱 Platforms eToro app, OpenBook, eToro CopyTrade ₿ Crypto Yes 💵 Account Currency USD, AUD, CNY, CAD, GBP, EUR, JPY, RUB Yes 1:30 🛒 Instruments Stocks, Commodities, Indices, Forex, ETFs, Cryptocurrencies 🏛️ Visit Broker
4.2/5
Minimum Deposit Regulators Islamic Account Leverage
eToro offers spreads from 1 pip on the CFD trading account and commission-free stock trading on over 2,000 instruments on the stock account.
eToro is a beginner-friendly broker and we recommend visiting the academy to learn the basics before you make a deposit.
eToro Pros and Cons:
| ✔️Pros | ❌Cons |
| Tier-1 regulations | No account comparison |
| 5+ base currencies | Spreads are high |
| Copy trading broker | Withdrawal fees |
| Commission-free trading |
XTB
Overall Rating USD 0 FCA, KNF, CySEC, IFSC 📱 Platforms xStation 5 ₿ Crypto Yes 💵 Account Currency EUR, USD, GBP, HUF Yes 📊 Leverage 1:500 🛒 Instruments 2,100+ Forex, Commodities, Indices, Crypto, Stocks, ETFs, CFDs 🏛️ Visit Broker
4.1/5
Minimum Deposit Regulators Islamic Account
XTB offers one account that can be used for commission-free trading on more than 2,000 instruments.
This account can be used for automated trading and it has spreads from as low as 0.5 pips.
XTB offers a dedicated swap-free account and we recommend this broker to Islamic traders.
XTB Pros and Cons:
| ✔️Pros | ❌Cons |
| 2,100+ instruments | Inactivity fees |
| Great swap-free account | No MetaTrader support |
| Commission-free trading | 1 base currency |
| Beginner-friendly |
Conclusion
There are many advantages to trading with fixed spreads. The greatest advantage is that your spreads will be resistant to volatile markets.
We recommend trading with fixed spreads because the risks are lower and you can reduce your trading costs because the prices will always be the same.
Many brokers will also offer commission-free trading when the spreads are fixed because a small commission fee is already included in your spreads.
We hope that this review of the 15 Best Fixed Spread Forex Brokers will help you find a broker that aligns with your trading goals.
If you would prefer to trade with floating spreads, then we recommend trading with one of our top-rated brokers with floating spreads.
Good luck with your trading!
FAQ
What are fixed spreads?
Fixed spreads stay the same no matter what the market conditions are.
What are the benefits of fixed spreads?
- Transparency
There are no hidden costs with fixed spreads and you will always pay the same amount regardless of market volatility or volume.
- Lower trading costs
Trading costs are lower because prices are fixed and it is easier to manage your trading budget and plan ahead.
- Great for news traders
Fixed spreads are resilient to volatile markets and will never change, which means that you can trade when other traders can’t or won’t.
- Consistency
Fixed spreads will never change and this gives you a competitive edge because you can refine your strategies and trading style more than most traders.
- Good option for short-term strategies
If your trading strategies are short-term, fixed spreads have greater potential for success because they won’t change from one day to the next.
Should beginners use fixed spread accounts?
We do not recommend fixed spreads to beginners because these accounts usually have commission fees.
Are fixed spreads better than variable spreads?
You should use fixed spreads if you trade in high volumes or if you follow a strategy that does not work with variable spreads.
If your broker offers fixed spreads and the variable spreads are higher, then you will have an advantage.
Why do brokers offer fixed spreads?
Brokers offer fixed spreads so that traders can plan their trades better and fixed spreads will not change when markets are volatile.
Disclaimer
Remember, 75% of retail investors lose money when trading CFDs and there is a high risk of losing your capital in the forex markets.
The information on this website is in no way intended to be used as financial advice and opening an account with any broker is done at your own discretion and risk.
