Floating spreads are variable spreads and are dependent on market conditions and ask and bid prices. In this article, we will review the 15 Best Forex Brokers with Floating Spreads and you give an honest opinion of each broker.
A spread in Forex trading is the difference between the selling price and the buying price of an instrument and they can be fixed or variable.
Variable are also known as floating spreads and they can be very low or very high, depending on the markets.
Brokers that offer floating spreads usually use a market execution model and offer tight spreads sometimes starting as low as 0 pips.
Fixed spreads on the other hand, often include a small commission fee, which is how some brokers make money.
Variable spreads are usually commission-free which is why they are so much lower and brokers will usually offer both commission-based and commission-free accounts.
Although floating spreads are much lower than fixed spreads at times, they can also be very high depending on market activity and you should trade with caution during volatile market trends.
The major advantage floating spreads give you is that they represent current bid/ask prices and may seem more fairly priced than fixed spreads, which never change.
With floating spreads, you will always receive the best current market price at the time of trading as they accurately reflect the prices of trading instruments.
Let’s take a look at the best regulated, beginner-friendly brokers that offer floating spreads:
IG
Overall Rating USD 0 FCA, ASIC, CFTC, FINMA, MAS, JFSA, DIFC 📱 Platforms MT4, ProRealTime, L2 Dealer ₿ Crypto Yes 💵 Account Currency USD, GBP, AUD, EUR, SGD, HKD Yes 1:30 🛒 Instruments Crypto, Forex, Indices, Shares, Commodities 🏛️ Visit Broker
4.2/5
Minimum Deposit
Regulators
Islamic Account
Leverage
IG was founded in 1974 and is one of the oldest brokers in the industry.
IG offers Cryptocurrencies, Forex pairs, Indices, Shares and Commodities from over 17,000 markets.
IG accounts can be connected to MT4, ProRealTime and L2 Dealer.
The minimum deposit required to trade with IG is $250 and you can fund your account using USD, AUD, EUR, SGD, HKD or GBP.
IG Pros and Cons:
| ✔️Pros | ❌Cons |
| Highly regulated | High minimum deposit |
| Beginner-friendly | Phone support could be better |
| 17,000+ instruments |
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 was founded in 2009 and has over 5 million clients.
XM is regulated by DFSA, FCA, CySEC, ASIC, IFSC and ESMA.
You can open an account with XM by depositing as little as $5 and you can fund your account using AUD, HUF, PLN, GBP, EUR, JPY, RUB, CHF or USD.
XM Pros and Cons:
| ✔️Pros | ❌Cons |
| 6+ base currencies | Inactivity fees |
| Low minimum deposit | No USA clients |
| Negative Balance Protection | |
| Trading bonuses |
Pepperstone
Overall Rating USD 200 ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN 📱 Platforms MT4, MT5, cTrader ₿ Crypto Yes 💵 Account Currency USD, GBP Yes Low 🛒 Instruments Forex, Crypto, Shares, ETFs, Indices, Commodities 🏛️ Visit Broker
4.0/5
Minimum Deposit Regulators Islamic Account Leverage
Pepperstone has more than 300,000 clients and is regulated by BaFIN, FCA, DFSA, CMA, SCB, CySEC and ASIC.
A minimum deposit of $200 is required to open an account with this broker and you can fund your account using CHF, EUR, HKD, AUD, GBP, USD, SGD, JPY or NZD.
Pepperstone provides trading guides and tutorials for beginners, as well as Autochartist and Figaro tools for more experienced traders.
Pepperstone is a good choice for social traders and accounts can be connected to MT4 and 5 and cTrader.
Pepperstone Pros and Cons:
| ✔️Pros | ❌Cons |
| 6+ account currencies | High minimum deposit |
| Tier-1 regulations | Low leverage |
| Beginner-friendly | |
| No inactivity fee |
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 (previously GFC Markets) offers more than 2,000 instruments and a minimum deposit of $100 is required to trade with this broker.
Markets.com is regulated by CySEC, FSCA, ASIC and FCA and was founded in 2010.
MarketsX Pros and Cons:
| ✔️Pros | ❌Cons |
| 2,200+ instruments | No USA clients |
| 24/7 customer support | Low leverage |
| Commission-free accounts | High spreads |
| CySEC-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 has more than 17 million clients and is regulated by CySEC, FSCA, ASIC and IFSC.
FBS requires a minimum deposit of only $1 and accounts can be funded using EUR or USD.
FBS offers 5 account types, trading bonuses and a variety of Energies, Indices, Cryptocurrencies, Forex pairs, Stocks and Metals that can be traded on
MT4, MT5, FBS trader and CopyTrade.
FBS Pros and Cons:
| ✔️Pros | ❌Cons |
| Low minimum deposit | Low leverage |
| Copy trading allowed | 2 base currencies |
| Trading bonuses | |
| Multiple platforms supported |
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 based in the UK ad has more than 1 million clients.
Trading212 offers over 2,500 CFDs and an account can be opened with as little as $1.
Trading212 is regulated by CySEC, FSC and FCA.
Trading212 Pros and Cons:
| ✔️Pros | ❌Cons |
| 150+ Forex pairs | No USA clients |
| Commission-free trading | No swap-free accounts |
| Negative balance protection | 3 base currencies |
| Low minimum deposit |
HFM
Overall Rating USD 5 FCA, FSA, FSCA, DFSA, CySEC, FSC 📱 Platfoms MT4, MT5 ₿ Crypto No 💵 Account Currency USD, ZAR, USD, NGN Yes 1:1000 🛒 Instruments Forex, Metals, Energies, Indices, Shares, Commodities, Bonds, Stocks, ETFs 🏛️ Visit Broker
4.2/5
Minimum Deposit Regulators Islamic Account Leverage
HFM (formerly HotForex) was founded in 2011 and has more than 3.5 million clients.
HFM offers a 100% Supercharged Bonus, a 100% Credit Bonus, a 30% Rescue Bonus and a 50% Welcome Bonus.
HFM is a great option for beginners and copy traders and is regulated by FCA, DFSA FSCA and FSA.
HFM Pros and Cons:
| ✔️Pros | ❌Cons |
| 3 mil+ clients | Limited number of assets |
| 1:1000 leverage | Inactivity fee |
| Trading bonuses | |
| Low minimum deposit |
FXTM
Overall Rating USD 10 CySEC, FCA, FSC 📱 Platforms MT4, MT5, FXTM Trader ₿ Crypto No 💵 Account Currency USD, EUR, GBP, NGN Yes 1:2000 🛒 Instruments Metals, Stocks, CFDs, Indices, Forex, Commodities 🏛️ Visit Broker
4.1/5
Minimum Deposit Regulators Islamic Account Leverage
FXTM is one of the best brokers for copy trading and there are more than 5,000 strategies you can follow with this broker.
FXTM is also a great option for beginners and a minimum deposit of only $10 is required to open an account.
FXTM has more than 2 million clients and is regulated by FCA, FSC and CySEC.
FXTM Pros and Cons:
| ✔️Pros | ❌Cons |
| Low minimum deposit | No USA clients |
| CySEC-regulated | Inactivity fees |
| MT4 and 5 supported |
IC Markets
Overall Rating USD 200 FSA, CySEC, ASIC 📱 Platforms MT4, MT5, cTrader ₿ Crypto Yes 💵 Account Currency AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD, HKD, CHF Yes 1:500 🛒 Instruments Stocks, Commodities, Indices, Forex, Bonds, Crypto, Futures 🏛️ Visit Broker
4.8/5
Minimum Deposit Regulators Islamic Account Leverage
IC Markets was founded in 2007 and is regulated by FSA, CySEC and ASIC.
IC Markets offers more than 1,700 Cryptocurrencies, Indices, Bonds, Commodities, Stocks, Futures and Forex pairs.
IC Markets’ accounts can be sued on MetaTrader 4 and 5 and cTrader, and there are 3 types of accounts to choose from.
IC Markets Pros and Cons:
| ✔️Pros | ❌Cons |
| 1,700+ instruments | No USA clients |
| Tier-1 regulations | No investor protection for non-EU clients |
| 10 base currencies |
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 is a low-risk, beginner-friendly broker and is a great option for copy traders.
eToro has more than 25 million clients and is regulated by FCA, CySEC and ASIC.
A minimum deposit of $50 is required to open an account with eToro and you can fund your account using JPY, AUD, USD, GBP, RUB, CAD, EUR and CNY.
eToro Pros and Cons:
| ✔️Pros | ❌Cons |
| 5+ account currencies | Low leverage |
| Tier-1 regulations | High Forex fees |
| Low minimum deposit | Withdrawal fee of $5 |
| Good for copy trading |
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 currently has over 100,000 clients and is an award-winning broker that was founded in 2001.
easyMarkets is a great option for beginners and plenty of educational resources are provided on the website.
A minimum deposit of only $25 is required to trade with easyMarkets and accounts can be funded using SEK, SGD, NOK, TRY, GBP, HKD, MXN, CNY, CAD, USD, CHF, PLN, NZD, JPY, EUR, CZK, BTC, ZAR or AUD.
easyMarkets is regulated by CySEC, ASIC and FSA.
easyMarkets Pros and Cons:
| ✔️Pros | ❌Cons |
| 15+ base currencies | No USA clients |
| Low minimum deposit | |
| Negative Balance Protection |
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 was founded in 1998 and has more than 2 million clients.
Alpari is regulated by FSCand offers ECN accounts.
A minimum deposit of only $5 is required to trade with Alpari and accounts can be funded using EUR, GBP, USD or NGN.
Alpari Pros and Cons:
| ✔️Pros | ❌Cons |
| Low minimum deposit | 4 base currencies |
| Suitable for copy trading | No USA clients |
| 300+ instruments | |
| 4 account types |
Olymp Trade
Overall Rating USD 10 FinaCom 📱 Platforms OlympTrader platform ₿ Crypto Yes 💵 Account Currency EUR, USD, CAD, NZD Yes 1:400 🛒 Instruments Forex, Stocks, Metals, Indices, Commodities, Cryptocurrencies, ETFs, OTCs, Composites 🏛️ Visit Broker
2.9/5
Minimum Deposit Regulators Islamic Account Leverage
Olymp Trade was founded in 2014 and is based in St. Vincent and the Grenadines.
Olymp Trade has more than 60 million clients and an account can be opened with this broker by depositing as little as $10.
Olymp Trade offers a wide range of Forex, Stocks, Metals, Indices, Commodities, Cryptocurrencies, ETFs, OTCs and Composites.
You will be eligible for several bonuses once you have signed up with this broker
Olymp Trade Pros and Cons:
| ✔️Pros | ❌Cons |
| Low minimum deposit | 4 base currencies |
| 60 mil+ clients | |
| VIP account | |
| Trading bonuses |
FP Markets
Overall Rating USD 100 ASIC, CySEC 📱 Platforms MetaTrader 4, MetaTrader 5 ₿ Crypto Yes 💵 Account Currency EUR, GBP, USD, AUD, CAD, SGD, HKD, JPY, NZD, CHF Yes 1:500 🛒 Instruments Forex, Shares, Metals, Indices, Commodities, crypto 🏛️ Visit Broker
4.7/5
Minimum Deposit Regulators Islamic Account Leverage
FP Markets is regulated by ASIC and CySEC and is an exceptional social trading broker.
A minimum deposit of $100 is required to open an account with FP Markets and you can fund your account using GBP, CHF, AUD, JPY, USD, NZD, EUR, SGD, HKD or CAD.
Your FP Markets account(s) can be connected to MT4, MT5 and the FP Markets app.
FP Markets Pros and Cons:
| ✔️Pros | ❌Cons |
| 5+ base currencies | Withdrawal fees |
| 10,000+ instruments | |
| Commission-free trading |
Globex360
Overall Rating USD 100 FSCA 📱 Platforms MT4 ₿ Crypto No 💵 Account Currency AUD, EUR, USD Yes 1:300 🛒 Instruments Forex, Commodities, Indices 🏛️ Visit Broker
2.9/5
Minimum Deposit Regulators Islamic Account Leverage
Globex is an award-winning ECN and NDD broker that has more than 150,000 clients.
A maximum leverage of 1:300 is allowed on trades and their accounts can be used for automated trading.
A minimum deposit of $100 is required to open an account with Globex 360 and you can fund your account using GBP, EUR, USD or CHF.
Globex 360 is a great option for beginners and educational resources are provided on the website.
Globex 360 is an authorized FSP.
Globex 360 Pros and Cons:
| ✔️Pros | ❌Cons |
| Tight spreads | Inactivity fees |
| Low minimum deposit | No USA clients |
| Beginner-friendly | |
| Trading bonuses |
Conclusion
By trading with a broker that offers floating spreads, you will always have access to real-time market prices. All you need to do is choose the right time to trade.
Floating spreads can be traded under any market conditions and can drop significantly at times, which means you could get spreads as low as zero.
Another benefit of trading with these brokers is that you’ll have the option of using commission-free accounts, as a commission is usually charged when spreads are fixed.
We hope that this review of the 15 Best Forex Brokers with Floating Spreads will help you find a broker that aligns with your trading goals.
If you would prefer to trade with fixed spreads, then we recommend trading with one of our top-rated brokers with fixed spreads.
Good luck with your trading!
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.
