On any trading platform, there are two prices for each financial instrument – the Bid and the Ask. When buying or going long, traders use the Ask Price, while the Bid Price is used for selling or going short. The difference between the Bid and Ask Price represents the spread. It is an income for the broker (fee), which is also a cost for the trader. Therefore, a lower spread would be much better for traders.
Most brokers offer the lowest spread on the most popular pairs, such as EUR/USD. This pair is known to be the most active pair on the forex market since it has reached about 20% of the total trading volumes. The daily price movement of EUR/USD can be up to 120 pips. If you are looking for brokers with the lowest spread for EUR/USD, the list below could be a great help in finding the desired broker to trade with.
Oct 22 2021
EUR/USD SPREAD 0.1 Pips
Location : Belize, Cyprus, Mauritius, South Africa and United Kingdom