The Ultimate Forex Broker Spread Comparison: Find the Best Rates

There are none. Some brokers may offer fixed spread accounts, but they cannot guarantee a 1 pip fixed spread on all forex pairs as the market changes from time to time. Here are seven (7) fixed spread forex brokers and their current rates (as of April 28, 2023):

1. AvaTrade
2. easyMarkets
3. FBS
4. FIBO Group
5. FxPro
6. HYCM
7. Rakuten Securities Australia

Continue Reading at 1 Pip Fixed Spread Forex Brokers: Are There Any?

Raw Spread Accounts are commonly favored by professional traders who seek precise and competitive pricing for their trades. These accounts attract traders who value accuracy in trade execution and appreciate the absence of price markups commonly found in other account types.

Continue Reading at Raw Spread Account Explained

The following are some of the differences in spreads on major and cross pairs:

• Major currency pairs are the most liquid forex pairs, meaning many buyers and sellers are in the market. This makes major currency pairs the most profitable since they generally have the lowest spreads among other pairs.
• Cross-currency pairs are less liquid than major currency pairs, leading them to be charged with higher spreads. The profit margin for cross-pair trading may be smaller due to this characteristic.

Continue Reading at How Does Spread Affect Profit in Forex?

Spread affects the kind of strategies that a trader can use. For instance, scalping is a popular trading strategy in which traders open several trades throughout the day to make a series of small profits. However, if the spread is too high, it might end up consuming most of the profits made by the trader via this strategy.

The implication of this is that many profitable strategies are rendered useless when the spread is too high since the trader will only keep losing money.

Continue Reading at Spread Comparison: Exness Vs Tickmill