Low Spreads Forex Brokers:
Spreads are the difference between the bid and ask prices of a currency pair. They can differ widely and often do, but there are certain brokers who have low spreads that make trading with them easier.
What is spread in forex?
In the foreign exchange (forex) market, the spread is the difference between the bid price and the ask price of a currency pair. The bid price is the price at which a market maker is willing to buy the currency pair from you, while the ask price is the price at which they are willing to sell it to you. The spread is usually measured in pips, which is the smallest unit of price movement in the forex market.
For example, if the bid price for the EUR/USD currency pair is 1.1650 and the ask price is 1.1653, the spread would be 3 pips. If you were to buy the EUR/USD at the ask price of 1.1653 and then sell it at the bid price of 1.1650, you would lose 3 pips on the trade.
The spread is one of the main costs associated with trading forex, and it can have a significant impact on your trading profits. Some brokers offer variable spreads, which means that the spread can change depending on market conditions, while others offer fixed spreads, which remain constant regardless of market conditions. It is important to compare the spreads offered by different brokers before choosing one to trade with.
Here are Top 5 Low Spreads Forex Brokers
5. FXTM
FXTM offers low spreads, no minimum deposit, and mobile trading. The firm also offers web-based trading on more than 200 currency pairs through its online platform.
The company’s philosophy is to provide traders with an easy-to-use service that makes it easier to trade in foreign exchange markets.
FXTM (ForexTime) is a forex broker that offers a wide range of financial instruments for trade, including forex, CFDs, futures, options, and commodities. The broker is regulated by several financial authorities, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and the International Financial Services Commission (IFSC) in Belize.
FXTM offers a variety of trading platforms, including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, as well as its own proprietary platform, FXTM Trader. The broker also provides a range of educational resources and trading tools, such as market analysis and alerts, to help traders make informed decisions.
