Are you looking for the best broker? It is not as easy as you think. But, we are gonna help you out, this article will be focused about reviewing the best broker with the lowest spread that you can try.

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Are you looking for the best broker? It is not as easy as you think. But, we are gonna help you out, this article will be focused on reviewing the best broker with the lowest spread that you can try. Why low spread is so important for traders? Find the answer below.

Low Spread Forex Broker

As you know every forex broker has certain features as an attraction for traders, one of them is low spread. What is spread? Spread is the price gap between bidding and asking price that used to forex brokers make money on every forex trade placed through their network.

 

Why Do You Need To Choose Broker With Low Spread?

All traders know when the spread goes higher, the risk of trading also rises. The risk is, traders need to spend more money on every single trade when the trader goes loss the balance will running out faster than trade with a low spread. That's why all traders usually choose low spread brokers.

The point is, every broker has different spreads. When you want to choose a broker that suits your needs, you must be doing research and making a comparison between each broker by yourself. Here are several lists of brokers with a low spread that you can try. Check it out!

 

1. Pepperstone

Pepperstone

Rating


Spread
Variable
Regulation
ASIC, 223682
Min Deposit
$200
Established
2010


Free education



Trading by telephone

PAMM accounts

MAM accounts

Segregated accounts

Affiliate program

Islamic accounts available

Payment

BPAY
Credit/debit cards
Neteller
PayPal
Skrill
UnionPay
Wire transfer

Pepperstone was founded in 2010 by a team of experienced traders with a shared commitment to improve the world of online trading. Based in Melbourne, Australia, they grew to become one of the largest forex brokers in the world. If traders want to find a broker that provides low spreads, fast execution, and award-winning support, then the answer is Pepperstone.



Pepperstone has a strong legality guarantee because it has been licensed by the Australian regulator ASIC and FCA. Traders' funds can be deposited in segregated accounts at top Australian banks, one of which is the National Australia Bank (NAB). Therefore, the safety of funds is not a concern if a trader chooses to open an account in Pepperstone.

They succeeded in collaborating with 23 top banks to bring Bid to investors instantly via optical fiber. This allows all orders to be executed 100 percent automatically with low latency up to 0.05 milliseconds, without dealing desk intervention and requotes, as well as with super low trading costs.

Trusted by over 73,000 traders around the world, Pepperstone processes an average of USD12.55 billion of trading volumes every day. Because of that, they have many awards such as:

  • The Best Global Forex ECN Broker 2019 and Best Forex Trading Support-Europe
  • Best Australian Broker and Best Trading Platform 2018 by Compareforexbrokers.com
  • Best Forex ECN Broker, Best Forex Trading Support, and Best Forex Trading Conditions by UK Forex Awards 2018

With the many rewards gained, Pepperstone hopes to attract more and more traders from all over the world. The rising performance of Pepperstone is not only due to the super-tight spreads and fast execution that it provides, but also because many traders are interested in trading with deposits in currencies other than US Dollars.

For this reason, Pepperstone is one of the most market-responsive brokers because it is willing to accept deposits in 10 currencies, which include AUD, USD, EUR, CAD, GBP, CHF, JPY, NZD, SGD, and HKD.

Trading in Pepperstone would allow traders to choose between 11 trading platforms: MT4 for desktop, MT4 Mac, MT4 iPhone, MT4 Android, MT4 iPad/Tablet, MT5, WebTrader, cTrader WebTrader, cTrader cAlgo, and cTrader Mobile. The choice of trading platforms may seem confusing to novice traders, but actually, it is very useful because it has fast execution.

When trading forex, traders can enjoy raw spreads from 0.0 pips on Razor accounts, over 61 currency pairs, and commission-free account funding on a wide range of deposit options. In addition to currency pairs, Pepperstone provides many types of trading instruments, including CFDs for indices and shares, commodities, and cryptocurrencies.

Instruments in commodity trading are pretty much diversified. Not only metal, gold, and silver, but traders can also trade with soft commodities such as cotton, sugar, coffee, cocoa, and orange juice. Pepperstone also provides trading on energy (oil and gas).



There are two types of accounts provided by Pepperstone, namely Razor accounts, and Standard accounts. If you area beginner, it is recommended to choose a Standard account with an average EUR/USD spread of 1.0-1.3 pips and free commission.

Those with particular trading styles such as scalpers and algorithmic traders may enjoy the lower cost setup traditionally seen in a Razor account, with a commission from AUD7 round turn of 100k traded. The initial deposit starts at USD200 with a minimum lot of 0.01 (micro) and 1:500 leverage.

As a Pepperstone client, a trader can fund and withdraw with alternative methods including Visa, Mastercard, POLi internet banking, bank transfer, BPay, PayPal, Neteller, Skrill, and Union Pay.

If you are new to trading or looking to practice your trading strategies in a risk-free environment, you can create Demo Account in Pepperstone. But if you are an experienced trader or prefer to learn by doing, Pepperstone provides a Live Account that allows you to trade with live executions and pricing.

Traders can also follow and copy strategies from popular traders using third-party services while learning how to improve their trading abilities. Pepperstone has partnered with a range of social trading platforms that traders can choose from, such as Myfxbook, ZuluTrade, Mirror Trader, MetaTrader signals, and Duplitrade.

The first one is Pepperstone. This is an Australian broker that offers many features useful to optimize trading forex. One of the best features that you can get from this broker is the low spread. It is provided down to zero, while the average spread offered is 0.16 pips.

Then, there are several instruments that you can trade with low spread on this broker, for instance; Forex, Index CFDs, Commodities, Metals, Energy, and Cryptocurrencies. So, you can trade all of them or the best one that suits you.

About the regulation, The Paperstone has regulated by FCA and ASIC. If you want to trade on this broker, there are several types of accounts, Market Maker, ECN, STP which have leverage up to 1:500 and a minimum deposit of about $200. After that, you can trade with several platforms, MT4, MT5, MT WebTrader, MT iPhone/iPad, MT Android, MT Mac, cTrader, etc.



 

2. IC Markets

IC Markets

Rating


Spread
Variable
Regulation
ASIC, ACN 123 289 109
Min Deposit
$200
Established
2007


Interest rate on funds

Free education

PAMM accounts

MAM accounts

Segregated accounts

Managed accounts

Payment

Bitcoin
BPAY
Credit/debit cards
FasaPay
Neteller
PayPal
Skrill
UnionPay
Wire transfer

IC Markets is an online forex broker operating under the company of International Capital Markets Pty Ltd. Traders under the Australian jurisdiction are provided with the trading service of IC Markets AU that is headquartered in Australia and licensed by the Australian Securities and Investments Commission (ASIC).

On the other hand, non-Australian traders who open an account in this broker are registered under IC Markets SEY that is based in Seychelles, and regulated under the Seychelles Financial Services Authority (SFSA). The dual operation is a result of the relatively new rules from ASIC that prohibit their regulated broker to offer trading services outside Australia.

Classified as an ECN broker, IC Markets provide clients with MetaTrader 4, MetaTrader 5, cTrader as platform trading options. This broker also follows market trends to include Cryptocurrencies as one of its products, enriching its already wide selection of trading assets that include Currencies, Indices, Metals, Energies, Softs, Stocks, as well as Bonds.

The minimum deposit in IC Markets is in the middle range compared to other ASIC-regulated brokers, as it reaches $200 for every client. Market analysis materials are also prepared regularly for trading insights on IC Markets's official website, proving their competence to serve their traders with important contents created by market experts that work specifically for them.

For payment methods, IC Markets allows funding and withdrawal via wire transfer, credit card, PayPal, Skrill, Neteller, FasaPay, UnionPay, as well as Bitcoin via BitPay. The more interesting aspect from this broker is its multi-base currencies that include USD, AUD, EUR, GBP, SGD, NZD, JPY, CHF, HKD, and CAD.

As the trading technology in IC Markets is highly equipped with co-located servers and extremely low latency (especially on cTrader), the broker is widely known for its capability in hosting traders with the special needs for high-frequency trading as well as scalping.

To sum up, IC Markets is a fitting destination for active traders looking for a well-regulated broker. IC Markets is also flexible in terms of base currency and payment methods, signaling their commitment to welcome traders beyond their home country. As of late 2019, IC Markets provided their website in 18 international languages including English, Korean, Indonesian, French, Spanish, Italian, Malay, German, and Chinese.

The next one is another Australian broker, IC Markets. This broker based on International Capital Markets Pty Ltd which is headquartered in Sydney, Australia. About the regulation, this broker regulated by ASIC that's an independent Australian government body that acts as Australia's corporate regulator.

You can trade on this broker with a low spread with an average spread of 0.1 pips. No wonder that IC Markets is being the best forex broker with the lowest spreads ratio. Not only forex, on this broker you can trade CFDs on indices, commodities, and cryptocurrency.

To open a live account you need to provide about $200 for the lowest one. Then, there are three types of accounts you can choose from, from Market Maker, ECN, to STP. IC Markets also develops several platforms to make trading much easier. For smartphone users, you can try cTrader mobile and MT4 Mobile. For the desktop user, you can use MT5 and cTrader browser.

 

3. XM

XM

Rating


Website
www.xm.com
Spread
Variable
Regulation
ASIC, 443670
Min Deposit
$5
Established
2009


Interest rate on funds

Bonus offers

Free education

Personal manager

Trading by telephone

Segregated accounts

Affiliate program

Islamic accounts available

Requires sending documents via postal mail

Payment

CashU
Credit/debit cards
FasaPay
giropay
iDEAL
Moneta.Ru
Neteller
paysafecard
QIWI
Skrill
SOFORT
UnionPay
WebMoney
Western Union
Wire transfer

Established in 2009, XM is a member of an online brokerage company called Trading Point of Financial Instruments Ltd. In providing clients on a global scale, the company has branched into XM Australia and XM Global, and XM Cyprus. Each member has different headquarters and licenses, with XM Australia registered under the Australian Securities and Investment Commission (reference number: 443670), XM Global under the IFSC (60/354/TS/19), and XM Cyprus under the Cyprus Securities and Exchange Commission (reference number: 120/10).

XM is one of the more experienced brokers in the world of online forex trading today. Since its founding, the broker has experienced a lot of changes, including the addition of the Ultra-Low Account and Webinar feature that is accommodated in 19 different languages with 35 native instructors for each language.

In terms of trading instruments, XM is a well-known diverse class assets provider, varying from Forex, Commodities, Equity Indices in CFDs, Precious Metals, Energies, to Shares. XM prides itself to be the ideal broker in trading execution, offering a stat of 99.35% orders to be executed in less than 1 second. Trading in XM would be also provided with a strict no requotes policy, no virtual dealer plug-in, no rejection of orders, real-time market execution, and the choice for traders to place orders online or by phone.

Spreads on all majors can reach as low as 0.6 pips in Ultra-Low Account, while spreads on other accounts usually start from 1 pip. Instead of providing maximum leverage on the scale of 1:500 or 1:1000 (round numbers), XM chooses to limit their leverage on a 1:888 scale, a unique number that is now widely recognized as XM's trademark.

To protect the client's fund in the event of extreme volatility, XM presents each account type with Negative Balance Protection. The deposit starts from $5 in Micro and Standard Account, while Ultra-Low Account requires a minimum deposit of $50. Traders who open accounts in XM are enabled a condition similar to a Cent Account environment in the Micro Account, in which the Contract Size for every lot is only 1,000 units. If it is applied with the smallest lot size in the MetaTrader platform which amounts to 0.01, it means that traders can go as small as 10 units per trade.

For the deposit, XM applies zero-fee deposits in most of its available payment methods. Traders can choose to fund or withdraw their accounts via wire transfer, credit card, as well as the most favorable e-payment choices like Skrill, Neteller, and FasaPay.

XM also provides an Islamic Account for Muslim Traders obligated to Sharia Law that prohibits the use of interest generated by overnight swaps for each currency pairs. To give their clients the best experiment in trading, XM has given access to both MT4 and MT5 platforms, each is available for more than 6 display formats (PC, Mac, Multiterminal, WebTrader, iPad, iPhone, Android, and Android Tablet).

All in all, there is no doubt that XM has gone global with its deep commitment to providing trading services in more than 15 languages around the world. Aside from easing traders' experience with mainstream trading platforms and high-quality trading execution, XM is open to various types of traders, from small capital traders to the more experienced ones with big deposits at the ready. Traders are even provided with a Cent Trading environment should they choose to register under Micro Account.

The next broker with a low spread is XM, this broker is headquartered in Limassol, Cyprus which has three major regulations, ASIC, FCA, and CySEC. This broker provides spread of 0.1 pips that make it one of the most competitive brokers in the world.

Another benefit is, you can open live account trading easily because you just need $5 to fulfill the minimum deposit for the lowest account. Then, you can enjoy your trading with optional platforms, like MT4, MT5 that you can choose for desktop or mobile versions.

 

4. FxPro

FxPro

Rating


Website
fxpro.com
Spread
Variable and Fixed
Regulation
CySEC, 078/07
Min Deposit
$100
Established
2006


Free education

Personal manager

PAMM accounts

MAM accounts

Segregated accounts

Affiliate program

Islamic accounts available

Payment

Credit/debit cards
Neteller
PayPal
Skrill
UnionPay
Wire transfer

Ever since its establishment in 2006, FxPro has successfully expanded to serve retail and institutional clients in more than 170 countries. Their head office is in London, UK.

FxPro UK Limited is authorized and regulated by the FCA since 2010. Meanwhile, other subsidiaries such as FxPro Financial Services Limited is authorized and regulated by CySEC since 2007 and the FSCA since 2015. Because of that, traders do not need to worry again about their funds safety. As a strong proponent of transparency, it established the highest standards of safety for clients' funds, as the company chooses to keep the funds in major international banks, fully segregated from the company's funds.

They always try to provide transparent and ethical practices across the global trading industry. In 2018, 74.65% of market orders were executed at the requested price while 12.8% of the client's orders were executed with positive slippage. Also, only 1.4% of all instant orders received a requote with 0.72% of them receiving better price when executed.

The total number of trades in FxPro has increased from year to year. In 2018, the number of trades achieves 53.6 million. Based on trust from their clients, FxPro received awards as Most Trusted Forex Brand UK 2017 by Global Brands Magazine. Besides, they became the first broker to sponsor an F1 team in 2008. There are around 60 UK and International Awards which had been achieved by FxPro.

They are committed to create a dynamic environment that equips traders with all the necessary tools for their trading experience. Opening an account in FxPro grants access to more than 250 CFDs on 6 asset types, including forex, shares, spot indices, futures, spot metals, and spot energies. They want to provide their clients with access to top-tier liquidity and advanced trade execution with no dealing desk intervention. The average execution time is less than 11.06 millisecond with up to 7,000 orders executed per second. Those advantages enable traders to benefit from tight spreads and competitive pricing.

Furthermore, FxPro is recognized as an innovative broker. The company allows its clients to enjoy a wide range of trading platforms, such as MetaTrader 4, MetaTrader 5, cTrader, and FxPro Edge. Web-based versions and mobile applications are also available so that traders can access financial markets at any time and anywhere.

Traders can choose platforms according to their needs. Fans of MT4 is provided with instant execution and easy-to-use trading platform. In this account, leverage is up to 1:500 and spreads start from 1.6 pips without commissions.

If traders want to get experience with more modern technology, traders should choose FxPro MT5 Accounts. In this account, spreads start from 1.5 and leverage is up to 1:500 without commissions.

Another type of accounts is FxPro cTrader. It is suitable for traders who give priority to the speed of execution with the most restrictive spreads compared to other account types'. FxPro cTrader is a powerful trading platform offering the best available bid and ask prices, with orders filled in just milliseconds. The platform also provides Market Depth and trading analysis tools. In this account, spreads start only from 0.3 pips. But, traders have to pay commissions $45 per $1 million traded (upon opening and closing a position) in forex and metals.

The key difference between MetaTrader 4, MetaTrader 5, and cTrader lies in the range of the CFD products that are available. The MT4 platform gives traders a chance to open positions on all of the 6 asset classes, whereas the MT5 doesn't support shares, and cTrader doesn't support shares and futures.

Besides 3 types of platforms above, trading in FxPro also enables access to FxPro Edge. This platform offers clients a new way to trade the markets in the form of spreads betting.

Each broker has pros and cons, and FxPro is not an exception. Aside from the advantages as explained before, FxPro has a high minimum deposit. Also, there are not many types of payment and withdrawal methods available at FxPro. Some types of methods even require traders to pay fees. However, it is still important to note that clients can trade forex, shares, indices, metals, and energies, with limited risk account at no additional cost in Fxpro

Regardless of the advantages and disadvantages, FxPro can be traders' choice as one of the best brokers with sophisticated technology. The company is suitable for traders prepared to trade with funds starting from $500.

From the United Kingdom, FXPro is one of the most efficient brokers which provides traders almost zero spread on some pairs and an average of 0.45 pips. By having various licenses from FCA, CySEC, DFSA, and FSCA, this broker has popularity around the world.

If you want to trade on this broker at least you need $100, for clients under the DFSA will need to deposit $500. There are several instruments you can trade for example; CFDs on futures, indices, shares, metals, energies; spread betting, and Forex.

 

5. FBS

FBS

Rating


Website
fbs.com
Spread
Variable and Fixed
Regulation
ASIC, 426359
Min Deposit
$1
Established
2009


Bonus offers

Trading contests

Free education

Affiliate program

Islamic accounts available

Payment

Credit/debit cards
FasaPay
Local bank transfer
Neteller
Perfect Money
Skrill
UnionPay
Wire transfer

Since 2009, the action of FBS Holding Inc. or known as FBS in the world of forex trading has been recognized by various international institutions. With clients reaching 14 million as of 2019, FBS has received the title of Most Transparent Forex Broker 2018, Best Investor Education 2017, Best Customer Service Broker Asia 2016, IB FX Program, and many others.

FBS is regulated by IFSC Belize and CySEC Cyprus. This broker has been trusted by millions of traders and 370 thousand partners from various countries. Based on their data, FBS garners about 7,000 new traders and partner accounts every day. And, 80% of the clients stay in the FBS for a long time. No wonder the broker is growing rapidly due to the incredible growth in the number of clients.

Trading products offered by FBS range from forex, CFD, precious metal, and stock. For forex trading, CySEC-regulated FBS offers leverage up to 1:30 on Cent and Standard Accounts. Clients who want to try higher leverage than that can alternatively register an account under FBS Belize.

In all types of accounts, provided spreads start from 1 pip. On a standard account, volume orders can be made from 0.01 to 500 lots. Therefore, this account is recommended for experienced traders.

Whereas on Cent Accounts, volume orders can be carried out with a maximum of 500 cent lots or the equivalent of 5 standard lots. Cent Accounts involve a different level of risk. FBS recommends Cent Accounts for beginner traders. All account types support the following trading tools: 28 currency pairs and 2 metals.

Before plunging into the real forex market, traders can practice with FBS Demo Account which consists of two types, i.e Standard and Cent.

FBS uses the MetaTrader 4 and MetaTrader 5 platforms. They offer them on Windows and Mac as well as Android and iOS mobile. These platforms provide a trading experience at traders' fingertips, allowing traders to progress as a trader anywhere at any time.

MetaTrader platforms also have a variety of mainstay features, including the possibility to create, buy, and use expert advisors (EA) and scripts, One-click trading and embedded news, technical analysis tools, the possibility to copy deals from other traders, hedging positions, and VPS service support.

Another advantage provided by FBS is a deposit bonus of 100% for clients who fulfill certain requirements. The process of depositing and withdrawing funds can be run easily and quickly. Based on clients' testimonies, each process usually takes no more than 3-4 hours, except on holidays.

To increase the security of client funds, FBS also provides segregated account where 70% of funds can be deposited in the client bank. This broker also presents something unique; a guarantee 10% to 100% of the deposit fund. If a trader loses funds during a transaction but is insured, FBS will refund the trader's funds.

Traders also have the opportunity to develop a side business when trading with FBS, namely as an Introducing Broker (IB) or Affiliate. The FBS partnership system provides partner commissions that are already in 3 level positions. Only by introducing new clients to FBS according to certain procedures, traders can earn extra income.

Traders will also get trading education experience at FBS. They have prepared a comprehensive forex course. The course consists of 4 levels: beginner, elementary, intermediate, and experienced. Traders can take courses that will turn them from newbies to professionals. All materials are well-structured. Besides, FBS provides various forex analyzes, webinars, forex news, and daily market analysis that can be accessed easily on their site.

Traders can access the FBS website with many language choices. Of course, this will increasingly provide comfort for traders. Available languages include English, Dutch, Italian, French, Portuguese, Indonesian, Spanish, and others. Live chat support is also provided 24 hours 7 days a week.

In conclusion, FBS is a widely known broker among retail traders around the world. It continually grows to become a preferred broker because of flexible trading conditions that enable its clients to trade with various instruments, low deposit, and other trading advantages.

With over nine million active traders, no wonder if FBS has a big reputation as the most popular broker in the world. For your information, FBS' spread is as low as zero pips with a maximum leverage of 1:3000. About the regulation, this broker has licensed by IFSC and CySEC.

Another reason that makes this broker so popular is the minimal deposit, you just need $1 to start trading on this broker. No wonder if there are so many beginners who start to trade on this broker. Various instruments you can trade are CFDs on precious metals, Oil, Cryptocurrency, and Forex.

 

6. FXTM

FXTM

Rating


Spread
Variable and Fixed
Regulation
CySEC, 185/12
Min Deposit
$10
Established
2011


Bonus offers

Trading contests

Free education

Personal manager

Trading by telephone

Segregated accounts

Affiliate program

Islamic accounts available

Payment

Bitcoin
Credit/debit cards
DIXIPAY
FasaPay
Neteller
Perfect Money
QIWI
Skrill
UnionPay
WebMoney
Wire transfer
Yandex.Money

FXTM was initially launched in 2011 with a unique vision to provide unparalleled superior trading conditions. Opening an account in FXTM would also bring about access to advanced education and sophisticated trading tools in the forex industry.

Now, FXTM is registered under the Financial Conduct Authority of the UK with the number 600475. The company is also regulated by the Cyprus Securities and Exchange Commission with CIF license number 185/12, and is licensed by the Financial Sector Conduct Authority (FSCA) of South Africa, with FSP No. 46614

FXTM has 1 million registered accounts with more traders joining every day. The company continually tries to improve their performance and have got many awards such as Best Trading Experience 2019 by World Finance Awards, Best Online Forex Trading Company Nigeria 2018 by International Finance Awards, Reputable Investor Education Forex Broker Award 2018 by Hexun.com, Forex Brand Of The Year China 2018 by Fxeye.Com, and many more.

As a responsible broker, they determine leverage (expressed as a ratio of transaction size relative to trader's buying power) according to the trader's level of knowledge and experience in trading, which is evaluated by the Appropriateness Assessment. The company also enables trading with leverage up to 1:1000.

As for spreads, FXTM offers low spreads starting from 0.1 pip, so traders can withdraw profits at the start of trading. The company, which has headquarters in several countries, uses No Dealing Desk (NDD) technology and partners with credible liquidity providers to provide the best bid and ask prices.

For beginners, there is an automatic trading facility called algorithmic trading provided. When trading in FXTM, traders can develop their trading strategy or adopt other traders' strategies. Furthermore, the strategy is applied to automated trading systems, such as Expert Advisors. The purpose of this system is traders do not have to worry about losing opportunities while not observing the market so that profits can still be earned.

Three types of ECN accounts use the MT4 and MT5 trading platforms. There are also mobile and Tablet Apps trading platforms. Aside of providing many account variants, FXTM goes above and beyond to ensure that their client receives excellent support that they deserve, making their trading experience optimal and user-friendly.

FXTM also provides a diverse range of products. In addition to over 50 currency pairs, they provide gold, silver, CFD on commodity futures (oil), CFD on ETFs, and indices.

Education about the basic concepts of the forex industry is also accessible in this broker. Traders can read all the concepts provided in the form of e-books, video tutorials, articles, webinars, and forex seminars. There are 17 languages provided on the FXTM website to make it easier for traders to learn about forex.

Traders are also given various choices for payment methods, including Credit Cards (Visa, Mastercard, Maestro) and E-Wallet (Neteller, Skrill, Western Union). For withdrawing funds, traders are not charged a fee with a length of 2 hours to 2 days. Traders can live chat to ask further questions and contact the admin via email. There is also a question and answer page about forex trading on FXTM.

FXTM opens over two-hundred markets for foreign exchange and cryptocurrency. With only spread starting with 0.1 pips makes this broker being competitive. The minimum deposit is only starting at $5, £5, €5 based on the base currency that you choose from your trading account.

This broker is headquartered in Cyprus and also has multiple licenses from CySEC, FCA, and FSC that ensure your trading safety. There are MT4 and MT5 as your choices and a forex demo account for the trading simulation. At least, there are about 120 assets or instruments you can trade on this broker.

 

7. OctaFX

OctaFX

Rating


Spread
Variable
Regulation
CySEC, 372/18
Min Deposit
$100
Established
2011


Interest rate on funds

Bonus offers

Trading contests

Trading by telephone

Segregated accounts

Affiliate program

Islamic accounts available

Payment

Bitcoin
Credit/debit cards
Neteller
Skrill

OctaFX is one of the most famous brokers in the world and has won many awards for its very comfortable trading atmosphere and proximity with customers. OctaFX was founded in 2011 with headquarters in Strovolou 47, Kyros Tower, Nicosia.

Prestigious awards that have been received by OctaFX include the Best ECN/STP 2019 and the 2019 Best Broker in Asia given by FX Daily Info. The Global Banking and Finance Review magazine also gave the Best Broker award in Asia in 2018 to this broker. More than that, there were also awards from European CEO Magazine (Best FX Broker 2018 and Best Trading Conditions).

For traders in most countries, OctaFX is under the authority of Octa Markets Incorporated and is registered in Saint Vincent and the Grenadines. This broker also provides various facilities, such as providing support services by live chat and WhatsApp in Indonesian. Not only that, deposits and withdrawals of funds can be done through various local banks. OctaFX does not charge commissions for every deposit and withdrawal of funds made by traders.

OctaFX offers different types of accounts that are carried out with market execution (STP/ ECN) and floating spreads from 0.2 pips. A variety of forex strategies, ranging from Scalping, Hedging, and the use of Expert Advisors are permitted in all accounts at OctaFX brokers.

There is also a fixed exchange rate offer when opening a Micro MT4 account. All deposits made in IDR will be calculated at the rate of USD1 = Rp10,000 and will be entered into the trader's account balance. Also, Swap-free accounts are available for Muslim traders who want to avoid overnight interest.

Trading in OctaFX is also suitable for novice traders. Because OctaFX offers low spreads, which are floating starting from 0.0 pips. The required initial deposit is also low, only USD50. The currencies used on the account are US Dollars and Euros.

OctaFX gives a bonus of 50% each time a trader makes a deposit. That way, the capital gained by the trader becomes bigger. Opportunities to open positions increased and deposit bonuses can be withdrawn on the terms and conditions.

If traders are still confused about calculating profits, the OctaFX platform provides a trading calculator for each account type. Traders only need to enter the currency pair being traded, the amount of leverage, the number of lots, and the type of currency used in the account.

Opportunities to get profits are also getting bigger with the Autochartist feature. Traders will get notifications quickly when there is a profit signal in trading. The accuracy of the trend prediction reaches 83%.

Traders do not need to worry about the safety of funds at this broker. OctaFX uses segregated accounts and protects personal data and online financial transactions with SSL technology. This is adjusted to the international accounting standards and regulations.

Another advantage offered by OctaFX is the Trade & Win program. Opening an account in OctaFX would open the opportunity to collect trading lots, which can be accumulated into a variety of attractive prizes. Traders only need to open a real account on MetaTrader4 or MetaTrader5 through OctaFX and simply exchange the prize lot in this promotion. Prizes that can be obtained by traders include T-shirts, Android Smartwatches, smartphones, and laptops.

Traders need not worry about missing out on promotions. Because OctaFX often bonuses and other promotions. This broker holds a trading contest every week on a demo account with real prize funds that can be used for trading.

One example of a prize contest is OctaFX Champion - MT4 Demo Contest. With a total prize of USD 1,000, there are places for 4 winners in each contest period. OctaFX broker also provides contests on the cTrader platform, titled cTrader Weekly Demo Contest. As the name implies, this trading contest is held on a demo account for 1 week and uses cTrader as the platform.

Headquartered in Kingstown, St. Vincent, and the Grenadines and regulated by FCA, OCTAFX brings the mission to make trading easier for everyone and minimize the costs to optimize the traders' profits. OctaFX offers spreads ranging from a minimum of 0.4 pip to 0.45 pip. That's why this broker is awarded as Best ECN/STP and best Asean Broker of 2019.

If you want to trade forex or other instruments on this broker, make sure you have provided $100 to complete the minimum deposit. Then, you can choose your favorite platforms like MT4, MT5, cTrader that make you can trade from your desktop or smartphone.

 

To help you find the best broker with the lowest spread, we provide the comparison table between three of the seven brokers above. If you are curious about the comparison between the other seven, you can go to the broker comparison tool.

Feature Pepperstone XM FXTM

Rating

General Rating 4.43/5
3.42/5
3.73/5
Trustpilot 4.4/5

rated by 929 users
2.4/5

rated by 155 users
3.8/5

rated by 671 users

General Information

Office(s) Australia, China, Kenya, Ukraine and United States Australia, Cyprus, Greece and Hungary Belize, Cyprus, Mauritius, South Africa and United Kingdom
Regulation ASIC 223682
BaFin, 151148
Capital Markets Authority of Kenya, 128
CySEC, 388/20
DFSA (Dubai), F004356
ASIC, 443670
BaFin 124161
CNMV (Spain), 2010157773
CONSOB (Italy), 3046
CySEC, 120/10
FCA (UK), 538324
FSP (New Zealand), FSP235905
CySEC 185/12
FCA (UK), 777911
FSC (Mauritius), C113012295
FSCA (South Africa), 46614
Established 2010 2009 2011
Minimum Deposit $200 $5 $10
Maximum Leverage 1:500 1:888 1:2000
Spread Variable Variable Variable
Commissions $7 $3.50 $2
Minimum Position 0.01 lot 0.01 lot 0.01 lot
Payment BPAY, Credit/debit cards, Neteller, PayPal, Skrill, UnionPay and Wire transfer CashU, Credit/debit cards, FasaPay, giropay, iDEAL, Moneta.Ru, Neteller, paysafecard, QIWI, Skrill, SOFORT, UnionPay, WebMoney, Western Union and Wire transfer Bitcoin, Credit/debit cards, DIXIPAY, FasaPay, Neteller, Perfect Money, QIWI, Skrill, UnionPay, WebMoney, Wire transfer and Yandex.Money
Official Website Visit Pepperstone Visit XM Visit FXTM

Account Variations

Segregated Account
Islamic Account
PAMM Account
Managed Account
LAMM Account
MAM Account
Forex Demo Account

Trading Requirements

Hedging
US traders are welcome
Requires sending documents via postal mail
Overnight interest rates (swaps)
Trading by telephone

Trading Features

Trading contests
Automated trading
Interest rate on funds
Bonus offers
Free education
Personal manager
Affiliate program

Trading Platforms and Complements

Mobile trading
Browser-based platform
Trading via API
One-click trading
Trailing stop
Pending orders
One-Cancels-Other (OCO) orders

Instruments Traded

Forex
CFD
Indexes
Spread betting
Gold & silver
Cryptocurrencies
Stocks
Binary options
Oil
Metals
Energies
Futures
ETF
Soft commodities
Options
Agriculture
Bonds

Customer Support

Website Languages Chinese, English, Russian Arabic, Chinese, English, French, German, Greek, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, Turkish Arabic, Chinese, Czech, English, French, Hindi, Indonesian, Italian, Korean, Malay, Persian, Polish, Russian, Spanish, Thai, Turkish, Urdu, Vietnamese
Email Support
Call Support
Chat Support

Reviews

General Review Read Pepperstone Review Read XM Review Read FXTM Review
User Reviews

Drew Fabrizio

Aug 20 2020

I started with Pepperstone a couple of weeks ago. For the first time, everything seems fine, but it's just that their MT4 platform is really lagging during events. Also, their commissions are relatively expensive. It's not that they're not good, but their calculation with commissions and swaps really not my type.


Harley Cadwell

Aug 20 2020

I place my withdrawal on Saturday, then on Monday, I got the money. It's a relatively fast process. Looking forward to another withdrawal this week. Not much but glad I got the profit.


Ruby Pearce

Aug 20 2020

Such a great service and they have a good trading platform. I've been using Pepperstone for a while now and they keep improving its service in all different aspects.


Audrey Packman

Aug 20 2020

I'm very interested in cTrader. That's why I join Pepperstone, it's the main reason. I've been trading with them for a while with no issues. I took my withdrawal profit (unfortunately, not that much :D) 2 or 3 times a week and it takes 2 days max to processed.


Eugene Hackathorn

Aug 20 2020

At the start, the broker running very well. But the longer it lasts, the worse it gets. Found that there was no more credit card option for withdrawals and can only be paid to PayPal which charged with high fees. Compared to other competitors, you know that deposit and withdrawal fees are relatively considered. Fastest and cheapest is a good sign of customer service.


Hannah Creed

Aug 20 2020

Such a good Australian local broker which hard to find these days. Excellent for support. Hope you guys can improve your mobile app tools for quick deposit and withdrawal, and also for other customer service support.


Markus Shallow

Aug 20 2020

I think Pepperstone needs to re-training its customer service once in a while. Because some of their representation doesn't have a clue about their own regulations. They are not well informed.


Tucker

Aug 20 2020

I don't have any problem with Pepperstone right now. They are very helpful dan provides good insight on their Telegram channel. I don't have problems with withdrawing funds too. Keep up the great job.


Patrick Wilson

Aug 20 2020

Many said that they were dealing with a sudden abnormal spike in the spread on a daily basis during the first hour each day. Not to scare anyone, but I just want to alarm other users about this broker.


Dawson Miles

Aug 20 2020

My experience with Pepperstone was very pleasant. I can make a decent profit. There is no problem with the withdrawal process.


Liam Castwood

Aug 20 2020

So far, as a newbie on the forex trader, I don't have any problems with Pepperstone. They didn't hound me with phone calls, only called me to introduce themselves, and gave me an email to request assistance just in case I have any problems later. I am yet to make a withdrawal with Pepperstone but I will report back once I have.


Justin Franco

Aug 20 2020

I don't have an account on Pepperstone right now, however, their 24/7 service is excellent. I have lots of questions and they answer all of them. It is very clear that they help me to understand. The great first impression so far.


Elijah Barton

Aug 20 2020

Their spread is lower than the other brokers. They close your position with no warning at all. It was a sell order and they close it way above my SL for no reason, all in an open market. Their customer service is so so. Think twice if you want to invest in Pepperstone.


Tom Lucinda

Aug 20 2020

I have a pleasant experience with Pepperstone since have a live trading account. I made the account after more than a year building confidence over the demo account. I would like to see their Webinar based on the Ctrader platform. Looking forward to more content there since I'm not really used to MT4 or MT5.


Bennett Skylar

Aug 20 2020

So, I planned to trade temporarily with Pepperstone. Their platform is OK, but other brokers have better spreads. Their support is not terrible and pretty average. Also, I read some reviews and news about their data security. Apparently, their 3rd party leaks Pepperstone client's data. Data is very crucial for business these days, but to have a problem like this surely made me be aware of their circumstance.


Callum Olson

Aug 20 2020

Pepperstone is a good broker that offers a great platform base for all of its users. The support is okay tho.


Puff Hedgeton

Aug 20 2020

Their live support is amazing. I've been contacting them couple times since before I opened an account until now. They replied fast and answered all my questions. Pretty happy with the great experience.


Shayla Kumar

Aug 20 2020

Recently, I had an issue with the logging process to my account on MT5. But the customer service assists me until the issue is sorted. Now it's resolved and I'm very happy.


John Neymar

Aug 20 2020

Excellent support and help. Thank you very much. They have the fastest system to approve the process. I recommend this broker.


Janika

Aug 20 2020

Hello there, I had a great experience with broker Pepperstone. It's been a while with them. Their customer support is amazing. Even with someone with broken English like me, they still help me through the process.


Pam Yohanne

Jul 27 2020

I've tried the Pepperstone Broker. I have tried to compare it through demo accounts among all existing brokers.
I think this ECN broker has the thinnest spread. But what prevented me from opening a real account was the language barrier.
I'm worried if there are certain complaints where I have to complain, whereas the Live chat service can only be in English. English is not my first language. 


Ezhar

Jul 27 2020

What I like from Pepperstone, the trading technology is very modern, and the razor account for ecn trading is really raw spread, not manipulated


Joahn

Jul 27 2020

It's been a few years using this broker there are no obstacles. Just a small language barrier, can be helped right with google translate or something like that.

Razor ECN account is quite good, withdrawal to local bank is quite satisfying, 2 working days already liquid. so far quite satisfied with this broker


Davinne Atmar

Jul 27 2020

Between IC Markets and Pepperstone competing in terms of spreads. A minimum deposit of $ 200. And the winner is IC Markets broker Australia with the smallest spread in the world


P. Richard

Jul 21 2020

To ease your withdrawal process, make sure your trading account has been verified by XM. The verification process relates to your personal data agreement. Otherwise, any difficult withdrawal may be caused by an unverified trading account. For me, XM is good at all, including their deposit and withdrawal method. Good, XM!


P. Richard

Jul 21 2020

To ease your withdrawal process, make sure your trading account has been verified by XM. The verification process relates to your personal data agreement. Otherwise, any difficult withdrawal may be caused by an unverified trading account. For me, XM is good at all, including their deposit and withdrawal method. Good, XM!


Novrizal

Jul 21 2020

Trading at XM's Zero Account was pretty good. They give zero spread and low commission. I like it!


Mr. Zack

Jul 21 2020

I have no problem during trading at XM real account, but I suggest XM to consider a longer expiration time on demo account :D


R. Nimi

Jul 21 2020

Trading execution at XM is very good. They also help novices like me to understand forex trading through free webinars. I wish XM held their trading contest again :)


Kaiandra

Jul 21 2020

The trading platform at XM is very nice! I believe this is the most appropriate one for Indonesian traders! They offer MT4, MT5, even MetaTrader for web-trading. Nice work XM!


Ivanova

Jul 21 2020

I got confused during registering for my trading account. Fortunately, their customer service is fast-response and very helpful. Their trading condition and trading platform are also awesome. Thanks XM!


Cak Moestopo

Jul 21 2020

So far so good at XM. They have CS that is fluent at Indonesian, also deposit withdrawal method with a free commission. Broker joss lah!

Salam from Indonesia.


Evan S

Jul 21 2020

XM is very good for those looking for free trading signals. They also often held free online webinars. Unfortunately, they don't have an ECN account yet for traders.


Finn R.B

Jul 21 2020

I love trading at XM due to their commission-free deposit and several instruments offer, though their account verification is quite difficult *LOL XD


Syarif Z

Jul 21 2020

Hi, I'm from Indonesia. I also trade on XM and find out their customer care is very good for Indonesian. Mantapp!!!


W. Billie

Jul 21 2020

I tried to register a trading account XM and got no deposit bonus. After 2 weeks, I got a profit as much as USD108. I decided to withdraw for USD60 and it was accepted. Thank you, XM!


Demian

Jul 21 2020

I've traded on several brokers, but I think XM is the best due to their trading conditions. Nice work, bruh!


C. Lee

Jul 21 2020

I registered for my trading account at XM last year. I found their whole services are pretty good, especially their commission-free on deposit. But their spread is extremely unpredictable during news release. Be careful, traders!


Gabriel

Jul 21 2020

XM's website is very hard to load! I look for any bonus info but it takes for hours!


Shafeeya

Jul 21 2020

I feel so disappointed with XM regarding their leverage option. My trading account firstly used 1:888 leverage, but then it was changed to 1:100. Plus, they said my trading account will no longer available to get any bonuses from XM. I've sent my complain but they didn't give any responses yet,,


Zalandra

Jul 21 2020

I've been trading at XM for almost 7 years and had no much problem with them. But recently they changed their deposit withdrawal method with no longer using MasterCard. This made me confuse sooo much!! Whyyy??!!


Mr. Pawww

Jul 17 2020

I used to trade on zero account, but recently I moved to ultra-low trading account. I think it doesn't matter on what account is used. The most important one is money management. I love XM because their withdrawal process is quite great.


Lyly

Jul 17 2020

I'm XM's client for these several years. Recently, their customer service gives slow responses to any troubles. Plus, their website is difficult to access. I have almost moved my trading account to other brokers.


Georgie

Jul 17 2020

I've been trading at XM for almost a year, and everything goes well. I always withdraw my balance per month.


Ashley

Jul 17 2020

I do trading forex using a few balances. My friend suggests me to register at XM and it's quite good so far. I don't find any notable problems with XM. Nice!


Zaheera

Jul 17 2020

My first trading at XM was quite good, but it went worse even more. It's hard to do deposit or withdrawal. That's why I don't have much balance at my account that often. I hope they can improve their service for the clients.


Felicia

Jul 17 2020

I'm new at XM. I chose XM because they have many leverage offers. It's good for a novice like me


Abby

Jul 17 2020

I got my passive income from XM rebate program. It can be withdrawn weekly, so it's good as my additional shopping budget :D


Patricia

Jul 17 2020

I joined on their roadshow at Indonesia last year. It was so great and useful for me! Thankyou XM!


Abraham

Jul 17 2020

Though XM has so many customers, their customer care is incredibly great! Two thumbs up for you!


Regina

Jul 17 2020

I do agree that XM is one of the well-regulated forex brokers for traders! Cheers to you!


Berliana

Jul 17 2020

One thing I love most from XM is their regular trading event. I even can't miss them once. It's always good and awesome!


Cathy

Jul 17 2020

Hi, I'm new at trading forex. I want to share my trading experience at XM. Before being a part of this broker, I was trading at other brokers since 2017, but their commission and payment method for deposit withdrawal isn't my type. Finally, I chose XM at the end of 2018. To this day, I am so satisfied with XM's services, especially their regular webinar event. You guys have to trade on XM!


Elena

Jul 17 2020

It's good to trade on XM. They have lots of trading competitions. One of them was even prized as much as $11,000 for the winner! WOW! I'm gonna join it sooner! Thankyou XM!


Matthew

Jul 16 2020

I'm so disappointed with XM. I did a withdrawal on May 28th, 2020 but it wasn't sent to my bank account until June 10th. Better you trade on other brokers. XM ISNT GOOD AT ALL, IT'S SCAM!


WAHYUDI

Jul 27 2020

I registered with fxtm with the name wahyudi

then fxtm agreed to verify my KTP with the name wahyudi

then I deposited with perfectmoney with the name wahyudi

then I traded, and I after there was a slight profit

I want to withdraw

 

BUT!!! when I want to withdraw, fxtm refuses to verify my perfectmoney named wahyudi, they deliberately refuse to verify my perfectmoney, so my money can't be withdrawn, fxtm refuses with a variety of unreasonable reasons.

be careful trading with fxtm, this broker is Fraud! Fxtm never intends to pay.


Dianne

Jul 27 2020

Pro

  • Deposit and withdraw quickly, can be with a bank transfer through an intermediary site, good in this case

Cons

  • Why does it feel like the spread is high? Even it is not in a state of volatility
  • the profit is also not in accordance with the pips even though there is no swap, I'm confused


Rayner Lkea

Jul 27 2020

Very disappointed when trading on fxtm, the candlestick chart is not the same as the default mt4 chart.

Because of that, I got hit by an MC. It's not about the money, it's about trust. Please improve your service immediately. I only trade a small amount yet still cheated. Can't imagine if I deposit a big amount of money. My... my... 


Sicilia RZ

Jul 27 2020

Hi admin, I am new to forex and try to open a demo account on FXTM.

I find it very useful, they provide a forex video tutorial for a newbie like me. thank you FXTM.


Jay

Jul 27 2020

I trade with 2 brokers, one of them is FXTM. I have been trading on FXTM for 1 year, a little of my experience on the FXTM ECN account:

  • open close free position (there are no rules for minutes / pips)
  • fast execution
  • depo instant withdrawal
  • fast response from CS / ASM FXTM every time there are obstacles in trading.

So far there is no problem with FXTM in terms of trading, deposit & withdrawal :)


Geoffrey

Jul 24 2020

I just traded on fxtm but it was very disappointing.

I took the GBP position, early in the morning the price dropped dramatically to 1.20209.

I check my account on another broker, it hits the take profit. Which made me feel weird because on fxtm the price is up to 1.14677, so my account was negative. When I calculated, my account balance supposed to still strong, but in reality, my account is in minus. 


Jeanice Goi

Jul 24 2020

Hi, just want to share about MT4 trading on fxtm, it's been around 7 months and during that time, I've never experienced freeze on its mt4. Nice job. And for my account manager, thanks for the support


Mary

Jul 24 2020

Withdrawal in fxtm via fasapay is very fast! Like cooking an instant noodles XD

For those who don't like to wait, withdrawal in fxtm is very recommended


Hardy Tn

Jul 24 2020

I think this broker deserves a value of 8, especially for its customer service and WD DEPO services. Success for FXTM


Adriana Nella

Jul 24 2020

FXTM is not the only broker I use, but I could say that this is the best. When NFP released, my account at another broker is crashed, it couldn't be executed. There was a completely dead, just can't log in. like how to trade news :)

but on the contrary, my FXTM ECN platform is still running normally even in a hectic market condition. FXTM ECN account is very reliable for scalping.


Halim K

Jul 24 2020

Just a little experience, for those who like Scalping, ECN accounts on fxtm is recommended. It has a fairly low spread and execute on MT4 very fast. This is what I like. 


Pretchavvan Sajmanoo

Jul 24 2020

A little testimonial for FXTM. Yesterday, I withdraw on cent account, in 10 Minutes, the fund already landed on my Fasapay account.


Geekie Boii

Jul 24 2020

Thanks God, cent accounts at FXTM are gradually growing. I'm using FXTM Cent accounts including Nano (can open 0.01 positions and maximum OP to 300 open positions) is not bad for those who use EA


John M

Jul 24 2020

Excellent support. 2 thumbs up for the FXTM account manager, fast response either by telephone or by email.


Charlie Chiaky

Jul 24 2020

I traded on FXTM for 6 months with an Ecn Zero account with a leverage of 1: 1000.

My experience using Ecn Zero: fast execution, stable server, spreads starting from 0.5

I rarely encounter requotes and slippage on FXTM. Overall, FXTM is good for me.


Rommel Djay

Jul 24 2020

I have accounts at 4 brokers, one of them at FXTM. At FXTM, I use an ECN account because I can use any technique there. I am satisfied with the very fast execution and spread on FXTM ECN is relatively small. FXTM is recommended in terms of support, MT4 platform, and spreads


Linda Silverstein

Jul 24 2020

FXTM broker is quite good in my opinion, specifically for customer support and my account manager who has been very helpful to me when there are problems with my account. thanks FXTM


Gerdino Jacqueille

Jul 24 2020

It turns out that FXTM has many types of accounts: ECN, Standard, ECN Zero, Strategy, Pro Account, etc. There are many trading and investment instruments such as forex, precious metals, Stock CFDs, ETF CFDs and Commodity CFDs. Its trading features are easy and very helpful, for example, free of swaps and without commissions and without any hospitalization fees or fees except for very small spreads.

A few months ago I traded with a capital of USD 400, and within 1 month I reached a profit of up to USD 16,000. Again, I also really experience FXTM, this international broker based in Cyprus is very responsible and takes into account the interests of its clients and traders.

Yesterday morning, I was shocked that gold fell and the account had lost USD 1,368.80 due to Error Quotes. But in the afternoon, I got an email from the FXTM Compliance Dept. and a number of illicit loss (forbidden and undesirable losses) that I suffered turned out to get compensation in the form of compensation a refund of USD 1,368.80.

This is very impressive, and this is the first time I've experienced it. Thanks FXTM. Proficiat for new offices in the UK. GBU.


Sigit W

Jul 24 2020

In real trading, I often experience Slippage, and there is always a widening of the spread, for example in GBP / USD the spread often widens to 60-70. And I have experienced it myself. I hope this will be useful info for other traders. Regards.


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