Lowest Spread Forex Brokers For USD/JPY


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 USD/JPY. This pair is quite familiar, especially for those who love Carry Trade, due to its low-interest rate. The daily price movement for USD/JPY is not as much as on GBP/USD or EUR/USD, because it is only about 100 pips. If you wish to trade on the lowest spread forex brokers for USD/JPY, a list below could be a great help in finding the best broker for you.


Apr 19 2021

4.43/5
USD/JPY SPREAD
0.1
Pips

Location : Australia, China, Kenya, Ukraine and United States

Min. Deposit : $200

Spread : Variable

Leverage : 1:500


3.91/5
USD/JPY SPREAD
0.1
Pips

Location : Seychelles

Min. Deposit : $100

Spread : Variable and Fixed

Leverage : 1:500


4.23/5
USD/JPY SPREAD
0.1
Pips

Location : Australia, Hong Kong and Viet Nam

Min. Deposit : $200

Spread : Variable

Leverage : 1:500


3.42/5
USD/JPY SPREAD
0.1
Pips

Location : Australia, Cyprus, Greece and Hungary

Min. Deposit : $5

Spread : Variable

Leverage : 1:888


4.52/5
USD/JPY SPREAD
0.1
Pips

Location : Australia

Min. Deposit : $100

Spread : Variable

Leverage : 1:500


4.51/5
USD/JPY SPREAD
0.1
Pips

Location : Australia, Cayman Islands and United Kingdom

Min. Deposit : $200

Spread : Fixed and Variable

Leverage : 1:500


3.73/5
USD/JPY SPREAD
0.2
Pips

Location : Belize, Cyprus, Mauritius, South Africa and United Kingdom

Min. Deposit : $10

Spread : Variable and Fixed

Leverage : 1:2000


3.41/5
USD/JPY SPREAD
0.2
Pips

Location : Australia, Canada, Chile, France, Germany, Hong Kong, Israel, Italy, Japan, South Africa, United Kingdom and United States

Min. Deposit : $1

Spread : Fixed

Leverage : 1:400


3.28/5
USD/JPY SPREAD
0.2
Pips

Location : China, Egypt, Indonesia, Korea (Republic of), Malaysia and Thailand

Min. Deposit : $1

Spread : Variable and Fixed

Leverage : 1:3000


USD/JPY SPREAD
0.2
Pips

Location : Belize and United Arab Emirates

Min. Deposit : $50

Spread : Fixed

Leverage : 1:777

From Myfxbook