Lowest Spread Forex Brokers For GBP/USD
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 several popular pairs, which one of those kinds is GBP/USD. This pair is known to be very volatile, with the daily price movement is up to 160 pips. Furthermore, GBP/USD is also believed to be "applicable" for Scalpers or Speculators. If you wish to trade on the lowest spread forex brokers for GBP/USD, please take a look at a list below.
Location : Belize, China, Czech Republic, Egypt, Hong Kong, Indonesia, Latvia, Lithuania, Malaysia, Moldova, Republic of, New Zealand, Romania, Russian Federation, Taiwan, Thailand and United Kingdom
Min. Deposit : $10
Spread : Variable and Fixed
Leverage : 1:2000