Do you want to know which are the three best lowest spread forex brokers? Do you want to experience the best spreads and trading conditions? Well, keep on reading to find out which are the top three best forex brokers with low spreads.
We will cover the essential information you need to know – features, functionality, and benefits of choosing the broker. And if you want to experience the best spreads, then you might want to consider becoming a member of one of the three Forex Brokers mentioned in this article.
Regulations: ASIC, FCA
Type: ECN, Market Maker
Minimum Deposit: $200
Pepperstone Limited is an Australian Forex, and CFD Broker specialized in foreign exchange trading. The company has become one of the top-tier players in Australia. Since 2010, when the company first opened its doors, Pepperstone is headquartered in Melbourne, Australia. Currently, Pepperstone Limited is focused on building the best trading portal for both inexperienced investors as well as veteran traders.
Pepperstone offers not only different account types for each trading style but also desktop, mobile, and web platforms. In other words, this makes it extremely easy to use the excellent educational resources, the tight spreads, or the fully automated algorithmic trading that Pepperstone offers.
This company is our first choice for the best lowest spread forex broker due to the zero spread. Moreover, the company provides trading on more than 72 currency pairs, metals, commodities, and crypto CFDs. Also, they offer MetaTrader 5, MetaTrader 4 as well as cTrader. This means the Melbourne-based company has grown a lot since it was founded back in 2010 — currently, the company employees 120 people.
Traders who want to become a part of Pepperstone Limited have to cover the minimum deposit of $200 first. Also, Pepperstone is considered to be a safe forex and CFD broker due to the FCA and ASIC regulations. Given the fact that the company has grown so much in recent years, shows that the company is outperforming the majority of other forex and CFD brokers. Moreover, Pepperstone offers multiple account types, competitive pricing, and are continually improving the features they offer.
- FCA regulates Pepperstone Limited – no. 684312
- ASIC licenses Pepperstone Group Limited – no. 414530
- MT4 – for desktop, Android and iOs users
- MT5 – for desktop only
- cTrader – web platform
- cTrader mobile
- CFDs on indices
- Easy-to-use platform
- Excellent educational resources as well as trading guides
Type: Market Maker, ECN, STP
Minimum Deposit: $200
International Capital Markets Pty Ltd. is another Australian Forex and CFDs Broker. This company is built from traders that know what a trader might need. IC Markets was founded in 2007 and since then is thriving. Moreover, IC Markets has shown great dedication in offering superior spreads, execution, and service. Also, with IC Markets, features like scalping, hedging, and automated trading are possible.
Further, as stated on the website of IC Market, their mission is to create the best trading experience for retail and institutional clients. Also, future IC Market users should not be concerned about the legitimacy of this company. IC Markets is considered to be safe due to ASIC regulation. The Australian Securities and Investments Commission is the top-tier Australian regulator.
Moreover, the Australien broker is headquartered in Sydney. Also, IC Markets trade servers are in the NY 4 and LD5 data center in New York and London. There the company utilizes enterprise-grade hardware. Also, as the goal of IC Markets is to provide ultra-low latency price feeds, traders all around the world can reap these benefits.
The company has indeed established strong relationships with other major liquidity providers in the industry. The company also offers access to over two hundred and thirty tradeable instruments. Currently, the average spread is 0.1 pips, and the flexible leverage options provide up to 1:500. Meanwhile, deposits are accepted in 10 major currencies. When using IC Markets, users can seek answers to their questions 24/7 through the live support team.
- ASIC licenses IC Markets – AFSL no. 335692
- MT WebTrader, iPhone/iPad, Android, Mac
- cTrader – cTrader Web, cTrader Android, cTrader iPhone/iPad
- cTrader cAlgo
- CFDs on indices
- Low fees
- Easy-to-open account
- Free deposit and withdrawal
- Free demo account
- 24/7 Chat with Specialist
- 150+ Trading Instruments
Regulations: ASIC, FCA, CySEC
Type: Market Maker
Minimum Deposit: $5
XM is a group of online brokers. Moreover, XM is a trading name of Trading Point Holdings Ltd. Which, on the other hand, owns Trading Point of Financial Instruments Ltd – Cyprus. Also, CySEC regulates Trading Point Of Financial Instruments Ltd.
Meanwhile, ASIC licenses Trading Point of Financial Instruments Pty Limited. Also, FCA regulates Trading Point of Financial Instruments UK Limited. So, these regulations mean that investors should not have to worry about the legitimacy of this company.
Furthermore, the online forex and commodity broker offers the MT4, MT5, and WebTrader currency trading platforms. Moreover, traders have the opportunity to test the services of XM with a demo account with $100,000USD of virtual currency. Also, the company offers over 50 currency pairs and CFDs on cryptocurrencies, stocks, metals, commodities, equity indices, and energies.
With XM, there are no hidden fees or commissions. And did you know that XM is the official sponsor of Usain Bolt? Yes, the company sponsors the World-Record-Holder and Olympic-Gold-Medallist Usain Bolt. All of which means the company is doing its best to offer competitive conditions and features as well as to establish itself. Since 2009 when XM Group first opened its doors, the company has grown into a well-known international investment firm.
Currently, XM offers more than a thousand trading instruments, spreads as low as 0.0 pips, as well as 16 trading platforms. Also, over 1.5 million clients with traders in 196 use this platform. The company also has more than twenty industry awards, which makes it one of the most competitive brokerage houses.
- Trading Point of Financial Instruments Pty Limited is licensed by ASIC – 443670
- CySEC regulates Trading Point Of Financial Instruments – 120/10
- Trading Point of Financial Instruments UK Limited is authorized and regulated by the FCA – 705428
- MT4 – for computers, web platform, Android and iOs
- MT5 – for computers, web platform, Android and iOs
- CFDs on indices
- Educational Videos
- Numerous Trading Tools
- Forex Webinars and Seminars
- Live Education
- Spreads as low as 0 pips
- 16 Trading Platforms
- 25+ secure payment methods
- 16 full feature trading platforms
- More than 30 languages supported
- 24/5 personal customer service