TradingForex Sekarang persaingan di trading Forex dapat dikatakan sangat ketat. Maka dari itu, ada kemungkinan kesulitan untuk memilih broker forex yang AvaTrade(AvaTrade.com) is an award-winning online broker. Trade CFDs on Forex, crypto-currencies, shares, metals and more on MetaTrader 4 or 5. AvaTrade accepts all Expert Advisors except those with a focus on arbitrage. Risk warning: 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether cIVnD. is committed to the highest ethical standards and reviews services independently. Learn How We Make Money has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. Here's how we test. Trading costs continue to decline each year as forex brokers compete to win you as a client, and many now offer zero spread trading accounts as an extra enticement. Be aware Some zero spread account offerings can be marketing gimmicks to lure you in as a trader. It's therefore important to be able to read the fine print and understand what to look for when deciding which broker to choose. This guide covers the best zero spread forex brokers and explains what you need to know to choose the best option for your needs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. What is a zero spread account? Zero spread accounts are trading accounts offered by brokers that have no difference between the bid and ask price, or spreads that average close to zero. However, there still exists the potential for spreads to widen, and there can still be added trading costs commissions, for example depending on the broker and account you choose. Trading with a zero spread account makes it easy to enter and exit a trade without the need to worry about incurring trading costs, provided there are no additional commissions or fees. Note Even if there is a commission instead of spread, accounting can be easier when you know there was no spread when calculating trading costs, as commissions are usually shown on a separate column in most brokerage account reports. Lowest Spread Forex Brokers Here are the best zero spread accounts, including brokers that offer spreads close to zero, available for 2023, based on 113 variables. Tickmill - Best overall for low costs CMC Markets - Best web trading platform, consistent pricing Interactive Brokers - Best for professionals, excellent pricing - Great for beginners, competitive pricing IC Markets - Great for MetaTrader, low average spreads FP Markets - Full MetaTrader suite, competitive pricing IG - Excellent education, great active trader pricing Is there a broker with 0 spread? While many brokers advertise zero spreads, it can be misleading to look only at the minimum spread or the lowest spread of the day - it's possible that the spread is worse higher the majority of the time. That is why it is important to only trust the average spreads to determine the true cost of a broker claiming to offer zero-pip spreads. A zero spread implies there is no difference in pips between the bid price and ask price; they are exactly the same price when the spread is 0. In our research, there are only a few brokers that truly average close-to-zero-pip spreads on the EUR/USD, but you still must pay a per-trade commission, thus the effective spreads average out to be higher. Any broker claiming to offer zero pips with no commissions should be considered carefully, as it could turn out to be either a scam or offer questionable execution practices. That's why it's always important to only use trusted, highly regulated brokers. For example, Tickmill, FP Markets, and IC Markets feature spreads close to 0 for their commission-based accounts, with their effective spreads averaging anywhere from to on the EUR/USD pair using monthly spread data obtained during our testing, helping them finish best in class in this category. How do you compare zero spread accounts? When you compare accounts offered by the best forex brokers for zero spread trading, spreads will still vary in most cases, and you may incur other trading costs such as commissions. Therefore, it is essential to keep the subtle details in mind when reading the fine print for zero spread trading. Forex brokers often offer multiple accounts, where certain features such as the execution method, the trading platform available, or the range of markets will vary depending on which account you select. Whether you are trading spot forex as a CFD or as a non-deliverable rolling contract, this guide covers some of the key takeaways for trading forex on margin with a zero spread broker. If you are interested in learning more about CFDs and you want to read about our favorite CFD trading platforms, check out our guide to the Best CFD Brokers and Trading Platforms. Should I choose a zero spread account? An account with zero spreads can make sense if your trading strategy is spread-sensitive or if you just want to reduce your trading costs as much as possible - but there are potential trade-offs. Factors to keep in mind include any added commission and knowing if zero spreads are variable or fixed, especially during volatile market conditions when spreads may widen. Consider that execution quality can suffer in a zero spread account if your trading strategy relies on specific execution qualities, such as avoiding slippage where your order can get filled at a worse price. Pros of zero spread pricing A scalping strategy or other high-frequency trading program based solely on latency, or price delays that cause arbitrage, will likely require that you have lower costs cost-sensitive to be profitable. Cons of zero spread pricing Conversely, other high-frequency algorithmic trading based on technical indicators can perform better on zero spreads, even if there are execution delays or price requotes during fast markets. However, this potential slippage also means that the effective spread can be greater than zero if your order is filled at a worse price. About zero spread forex brokers A zero spread forex broker attempts to offer a spread of zero pips. The spread is the difference between the bid price where you can sell and the ask price where you can buy, measured in pips fractions of a currency. These seemingly small trading costs can quickly add up, because trading forex takes place from within a margin account that is, uses leverage, especially as your trading volumes increase. Sample EUR/USD spread 10 years ago 3 pips Sample EUR/USD spread today pips Sample EUR/USD spread at a zero spread broker pips In the interbank market, where prices originate from major dealers, spreads are quoted in fractions of a pip, also known as fractional-pips. A zero pip spread may range from 0 to several fractions of a pip - or even more during volatile market conditions. Zero spread investment offerings comparison Using our forex brokers comparison tool, here's a summary of the spread pricing offered by the best zero spread forex brokers. Note Brokers listed in the above table rank best in class for Commissions & Fees. How does a zero spread forex broker earn money? A zero-pip spread that is fixed, and doesn't vary, will likely include a commission. The broker may also be operating a dealing desk to attempt to make money when you trade, by being on the opposite side of each trade. The way forex and CFD brokers earn money depends on their business model and available execution methods. All brokers will ultimately do one or more of the following Add a spread markup or earn a rebate agency broker when you trade with them, as they route your order to a third-party market-maker in return for compensation. Charge a commission agency broker in lieu of any spreads when routing your order. Manage risk as a dealer agency broker or market maker on zero spread accounts. Pro tip Some zero spread brokers combine some of these execution methods into a hybrid offering. Some brokers let you choose execution type from within your account or open an account specific to a particular execution method. Which broker has lower spreads? In order to really know which broker has lower spreads compared to the competition, we obtained average spread data and factored in any per-trade commissions to arrive at the effective spreads, which allow you to determine your true trading costs. Brokers with the lowest effective spreads in 2023 are as follows, based on average price data obtained by our research for the EUR/USD pair Tickmill - September 2021 on Pro account FP Markets - on October 2021 Raw ECN account CMC Markets - August 2021 on all accounts IC Markets - Average August 2021 on cTrader account HYCM - Average pips September 2021 on Raw account Interactive Brokers - pips Week ending Oct. 6, 2021 IG - Deeper discounts on Forex Direct account currency_exchangePro tip Read our guide to the best forex brokers to see how these low-cost brokers stack up to the best brokers in the industry, and check out our guide to the best forex trading apps to see which low-cost brokers deliver the best mobile trading experience. Which forex broker has the tightest spread? Tickmill provides the tightest spreads averaging pips on the EUR/USD during August after factoring in trading costs any commissions. CMC Markets follows closely in second place, with its competitive FX Active pricing. FX Active features zero-pip spreads on select major currency pairs, along with low per-trade commissions. . Pro tip When measuring forex spreads, the most accurate way to determine which broker has the tightest spread is to calculate the average spread for a given period - such as one month. In addition, it is important to factor in the trustworthiness of the broker, to ensure you are provided with the best execution to pay the spread you deserve and avoid pitfalls like asymmetrical slippage. Which broker has the best spread? Tickmill stands out as having the best spread, as the overall trading cost spread + commission is pips, which is the lowest on average based on September 2021 data using the EUR/USD pair on its Pro account offering. Other brokers might advertise a lower spread, but end up being more expensive because they charge a higher commission or have higher average spreads. Is a zero spread account good? While it's nice to avoid fees, a zero spread account can still end up costing you a per-trade commission, and even worse - spreads can potentially widen in a zero spread account even if it is commission-free. Depending on your strategy and trading needs, a zero spread account might not be good for you if certain order types or execution methods are not available. The key is knowing what the average spreads are, and whether there are any per-trade commissions - this allows you to calculate the effective spread. Can I trade forex without a broker? No, forex trading is conducted from within a brokerage account, which provides you a certain degree of leverage margin, along with access to a trading platform and a range of currency pairs. You should always choose trusted forex brokers that hold proper regulatory licenses to avoid becoming a victim of scams. Pro tip For cryptocurrency users looking at forex trading with stablecoins, a decentralized exchange is also not a suitable option for forex. Spreads can be significantly wider, and there is no mechanism to ensure the best execution even if zero spreads are advertised - which could result in extreme slippage. Which forex broker is best for scalping? IC Markets is an excellent forex broker for scalping, and provides zero spreads plus commission via its Raw Spread Account. IC Markets is used by a significant number of algorithmic traders and provides access to cTrader and MetaTrader. These platforms allow you to run automated high-frequency trading programs such as scalping-based strategies and can even place orders in between the spread. If you want to learn more about algorithmic trading and automated high-frequency trading systems, check out our guide to high-frequency trading. Pro tip Whether brokers claim to offer Straight Through Processing STP or an Electronic Communications Network ECN, these descriptions are not as important as how your broker's business model actually operates, including its order execution policy during fast markets when spreads can widen. What's the difference between raw spread and a standard account? A standard account refers to the smallest trade size of 100,000 units of currency, which is also known as a standard lot size. A raw spread refers to the cost of trading reflected in the bid/ask price, where the broker is not adding any markup but instead provides the price as is raw spread straight from their liquidity providers. Pro tip In most cases, raw spread forex brokers will add a per-trade commission to make money or act as market makers. 2023 Overall Ranking Now that you've seen our picks for the top low-cost forex brokers, check out the Overall Rankings. We've evaluated over 60 forex brokers, using a testing methodology that's based on 100+ data-driven variables and thousands of data points. Check out our full-length, in-depth forex broker reviews. Was this page helpful? Yes or No Popular Forex Guides Best Forex Brokers Best Forex Brokers for Beginners Best Forex Brokers for Copy Trading Best MetaTrader Brokers Best Forex Trading Apps Best Zero Spread Forex Brokers Compare Forex Brokers Methodology At our evaluations of online brokers and their products and services are based on our collected quantitative data as well as the qualitative observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the online forex brokerage industry, and we evaluate dozens of international regulator agencies click here to learn about how we calculate Trust Score. We conduct meticulous research that covers the entire spectrum of industry fees and commissions in order to provide the most accurate, up-to date information on the costs of using the online brokers that we review. We examine each broker’s bid/ask spreads as well as the average spread information for the most popular forex currency pairs, the existence and eligibility requirements of Active Trader or VIP rebates and discounts, inactivity or custody fees, minimum deposit requirements, execution methods, and a host of other data-driven variables. All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running macOS to test trading on the go. We also test on mobile devices; for Apple, we test using the iPhone XS running iOS 15, and for Android we use the Samsung Galaxy S9+ and Samsung Galaxy S20 Ultra devices running Android OS 12. Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors with quality data they can trust. Click here to learn more about how we test. Forex Risk Disclaimer There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Read more on forex trading risks. About the Editorial Team Steven HatzakisSteven Hatzakis is the Global Director of Research for Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the as a Commodity Trading Advisor CTA. Blain ReinkensmeyerBlain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all brokerages on and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. John BringansJohn Bringans is the Senior Editor of An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. Joey ShadeckJoey Shadeck is the Content Strategist and Research Analyst for He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content. 41 Dalam beberapa hari belakangan ini kurs dollar terus meninggi dibandingkan rupiah akibat berbagai faktor makro ekonomi seperti perang dagang US dan China serta penguatan suku bunga di Amerika. Hal ini sedikit banyak berimbas pada aktifitas para trader forex dari beberapa belahan dunia yang mata uangnya terdepresiasi atas dollar. Bukan hanya Rupiah yang tertekan akibat pergolakan ini, hampir semua mata uang dunia melemah terhadap dollar US. Namun ada beberapa broker yang memberikan kemudahan dengan tetap memberlakukan fix rate bagi trader nya yang ingin melakukan deposit dan withdraw dari akun forex mereka. Yang dimaksud dengan kurs fix rate adalah kurs yang digunakan ketika deposit dan withdraw tidak akan berubah-ubah sesuai kurs real time mata uang dunia. Diharapkan dengan fix rate ini dapat memberikan kenyamanan dan kepastian bagi para trader forex yang ingin bertransaksi forex. Beberapa broker forex yang memberikan kurs fix rate antara lain 1. Broker forex FBS Program kurs fix rate FBS berlaku hanya untuk klien Indonesia dan Thailand. Untuk klien forex Indonesia, nilai kurs adalah 1 USD = 10000 IDR. Untuk bisa mendapatkan fasilitas fix rate kurs FBS ini anda hanya perlu mengaktifkannya dengan masuk di link berikut. 2. Broker forex OCTAFX Broker forex OCTAFX memberikan kurs fix rate sebesar 1 USD = 10 000 IDR untuk deposit dan withdraw. Dan jenis akun yang diperbolehkan memakai layanan ini hanya jenis akun Micro MT4 dengan memilih opsi Kurs tetap. Dan untuk dapat menikmati layanan kurs tetap OCTAFX hanya dapat dilakukan jika metode deposit dan withdrawal anda menggunakan bank lokal Indonesia. Silahkan baca informasi lengkap layanan kurs fix rate OCTAFX disini. 3. Broker forex FIREWOODFX Broker forex FIREWOODFX juga memberikan layanan kurs fix rate yang sama seperti broker forex sebelumnya. Silahkan baca infonya disini. Incoming search terms broker fix rate broker dengan rate tetap broker fixed rate cara merubah fixed rate di octafx Broker dengan rate broker dengan deposit fix rate broker fix rate idr xm indonesia fixed rate broker forex fix rate broker forex fixed rate Kategori Informasi Broker, Seputar Forex Penulis yang berfokus pada topik perdagangan forex dan keuangan. Sebagai seorang penulis yang berpengalaman yang telah menulis banyak artikel dan buku tentang perdagangan forex, analisis pasar keuangan, dan topik terkait keuangan lainnya seperti analisa fundamental dan teknikal, psikologi trading, trading plan dan money management. Dengan menguasai bidang-bidang tersebut, penulis mampu memberikan informasi yang berkualitas dan bermanfaat bagi pembaca yang ingin meningkatkan kemampuan trading mereka. Only a handful of forex brokers offer fixed rate in their services, mainly because of the risk and cost that they must bear. But for traders, this feature can be very helpful. Forex trading is prevalent among traders worldwide because of the currency market's flexibility and liquidity. Many traders believe that forex trading can be very profitable in a relatively short time, which is true if you know the right strategy. In the modern world, forex trading is available for everyone by using an online broker. This way, traders have even more options and opportunities to seek. See also Forex Broker Types Which One Is Better For You? However, not all currencies in the market have equal values. Some currencies have more significant values and more popular than others, which then influences each currency's exchange rate. There are two types of exchange rates system in macroeconomics over the years fixed exchange rate and floating exchange rate. Basically, a fixed rate means that the central bank makes sure that the currency's exchange rate to another currency or the current gold price doesn't move past a certain level, so the rate is fixed. In comparison, the floating exchange rate means that the currency rate depends on the market, specifically on the supply and demand relative to other currencies. The exchange rate can often be an issue for forex traders before they deposit or withdraw because there are a few things that must be considered. "When is the perfect time to deposit with the best rate?" "Does broker A have a better rate than broker B?" "What payment method has the best rate?" Such problems often arise among those who want to build a consistent career in trading. In other words, the exchange rate can potentially have a tremendous impact on the trading experience in general, adding more stuff to stress about. To help traders overcome this issue, some forex brokers came up with the idea of offering a fixed rate for deposit and withdrawal. With this facility, traders don't need to worry about getting bad exchange rates because of their terrible timing when funding their trading accounts. However, there are also some downsides to this feature. Fixed Rate in Forex Brokers In forex trading, deposit and withdrawal are two crucial things for many traders and they can affect traders' overall opinion of the broker. That is why many brokers try their best to improve their deposit and withdrawal service, in which a fixed rate can be offered as one of the solutions. With fixed rate feature, traders don't need to worry about the fluctuating exchange rate between their currency and the account's base currency. Just imagine you want to deposit $100 in your account. When the exchange rate of USD/SGD is at you must spend SGD133. At another time, when you want to deposit another $100, the exchange rate may have risen to so you have no choice but to spend SGD140. That is why, in this situation, traders must calculate the rate from time to time in order to get the best deal at the right time. However, you can scratch that from your to-do-list if your broker has a fixed rate feature going. Let's say the broker decided that the exchange rate is at and you want to deposit $100, then you need to prepare SGD135 at all times, no matter how big the price change in the market. See Also Lowest Deposit Forex Brokers From the illustration, above, we can see that fixed rate can be very beneficial for many traders regarding their deposit and withdrawal activities, especially if their currency tends to be highly volatile and prone to extreme changes. However, by using this feature, there will be no benefits from higher withdrawal rates. Fixed Rate vs. Fixed Spread Fixed rate is different from fixed spread. Fixed spread essentially refers to the spread charged for every transaction, while fixed fate only applies to the deposit and withdrawal transfers. Not all brokers with fixed spread feature fixed rate and vice versa. However, some brokers actually charge a "spread" for deposit and withdrawal activities. Let's say the broker decides that the deposit rate is and the withdrawal rate is The SGD2 difference means that you must pay an SGD2 spread for every deposit and withdrawal roundabout, multiplied by the size of funds involved in the two transactions. The situation will be different if the broker offers a fixed rate feature because, in this case, the deposit and withdrawal rates are always the same. That means the spread is always at SGD0 because there's no difference between the deposit rate and the withdrawal rate. Brokers Offering Fixed Rate Despite its benefits, it is unfortunate that not many brokers offer a fixed rate for their clients. Usually, it is being provided by DD and STP brokers that operate under offshore regulators. The reason is it might not be as beneficial for brokers because they have to bear a higher risk when the exchange rate is unstable, increasing the broker's chance to go bankrupt from covering traders' losses in exchange rates. Still, a few brokers have managed to provide fixed rate based on its attractiveness to new clients. Here are some of them that you can consider 1. FBS ⚖ Leverage13000 💲 Min Deposit$1 ⌛ Year Established 2009 Bonus offers Trading contests Free education Affiliate program Islamic accounts available FasaPay Neteller Skrill 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 130 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 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, 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. FBS is a globally recognized broker with a fixed rate feature available for all clients worldwide. The broker has a high reputation due to its compliance with two regulators; IFSC Belize and CySEC Cyprus. Since its first launch in 2009, FBS has earned many traders' interest. Their fixed rate is offered along with other services including fast response customer support, Islamic account option, bonuses, promos, and low spread trading in various types of accounts. 2. FirewoodFX ⚖ Leverage11000 💼 Regulation- 💲 Min Deposit$10 ⌛ Year Established 2014 Bonuses PAMM Segregated accounts Wire transfer FasaPay FirewoodFX is a forex broker established in 2014 and is currently under the regulation of St Vincent and the Grenadines. Although the broker is considered relatively new compared to its competitors, FirewoodFX offers simple trading conditions that are easy to understand for beginners. FirewoodFX offers the top-rated trading platform MetaTrader 4 that can be accessed via desktop, web trading, and mobile app. Other than that, the broker offers a fixed rate feature in their deposit and withdrawal service. This feature is available in Micro account which only requires a minimum deposit of USD10 USD. This way, traders can enjoy the fixed rate benefits by trading in small lot size starting from micro lot and high leverage of 11000. 3. Monex ⚖ Leverage1100 💼 Regulation × BAPPEBTI Indonesia More Info 💲 Min Deposit$500 ⌛ Year Established 2000 In contrast to the previously mentioned brokers, Monex Investindo Futures is a broker originated from Indonesia which operates under the regulation of BAPPEBTI since 2000. This broker is known to give their best service for all clients by providing competitive trading conditions. One of the most popular facilities is fixed rate to help their clients avoid risks and difficulties during market's extreme volatility that may affect the exchange rate between the US Dollar and Indonesian Rupiah. Conclusion While forex trading can bring a generous amount of profits to traders, it can also be disastrous for them who prefer to frequently deposit and withdraw their money from time to time. The floating exchange rate system makes their transactions prone to high spreads that cost a lot of money when summed up together. It can eventually lead them to carefully choose the right time to deposit or withdraw from their trading accounts; creating a difficulty that can be avoided completely with a fixed rate. In this case, forex brokers offering fixed rate can be a good answer to end that problem. This comparison table can be a good reference should you choose to try trading in one of the three forex brokers mentioned previously General Rating Trustpilot 411 users 1 users 💼 Regulation × ASIC Australia 426359 More Info × CySEC Cyprus 331/17 More Info × FSCA South Africa 50885 × IFSC Belize IFSC/000102/310 More Info × FCA United Kingdom temporary permit 808276 More Info × BAPPEBTI Indonesia More Info ❗ Information Testimonials 161, News 35, Bonus 10, Promotions 10, Contests 11 Testimonials 11, News 2, Bonus 1 Testimonials 29 ⌛ Established 2009 2014 2000 💲 Min Deposit $1 $10 $500 ⚖ Max Leverage 13000 11000 1100 🔢 Spread Variable Fixed Variable 💸 Commissions $6 💡 Min Position lot lot lot 💳 Payment Credit/debit cards, FasaPay, Local bank transfer, Neteller, Perfect Money, Skrill, UnionPay and Wire transfer Wire transfer, Credit/debit cards, UnionPay, Perfect Money, FasaPay and Tether USDT 🏢 Offices 🧩 Demo Account 📁 Segregated Account 🕋 Islamic Account 👨‍💻 PAMM Account 📈 Managed Account 💱 Hedging 🇺🇸 US traders 🕛 Swaps 🏆 Trading contests ⚡ Automated trading 💰 Bonus offers 📖 Free education 1️⃣ One-click trading ⏱ Trailing stop ⏳ Pending orders Forex CFD Indexes Spread Betting Gold & Silver Crypto Stocks Oil Metals Energies Futures ETF Options Agriculture Spread Betting Indices Commodities Bonds Binary Options ETFs Shares Physical Stock 🗣 Website Languages Arabic, Bengali/Bangla, Burmese, Chinese, English, French, German, Indonesian, Italian, Japanese, Korean, Laothian, Malay, Portuguese, Spanish, Thai, Turkish, Urdu, Vietnamese English, Indonesian, Chinese Other broker comparisons can be found out here. Diva NadiaPassionate in contemporary global financial issues, I'm currently active in researching topics on cryptocurrency, forex, and trading strategies. Spreads are one of the most important factors to consider when choosing a broker in the Forex market. In this list of the 27 best fixed spread Forex brokers to trade with, you will be able to trade with a fixed spread account to make your trading a lot more stable. A spread, in simple terms, means the difference between the bid price and the ask price. There are two main types of spread offering, which is either the fixed spread or the variable spread or floating one. 🏆 10 Best Rated Forex Brokers The fixed spread is fixed to the particular charge made by the broker which remains the same under any market conditions, no matter how volatile a market might get. This make the trading environment a lot more stable and makes it easier to calculate the total trading cost. This is list is not ranked in any particular order but is rather a comprehensive list of great brokers to choose from. XM XM Global was established in 2017 and is regulated by the International Financial Services Commission IFSC/60/354/TS/19. The platform boasts over million clients with traders in 196 countries and they offer over 55 currency pairs for Forex trading. More than 1000 financial instruments are offered. This includes Energies CFDs, Precious Metals CFDs, Commodities CFDs, Equity Indices CFDs, Stocks CFDs and Forex Trading XM allows scalping and Trading during News Time. XM provides the 2 trading platforms MetaTrader 4 and MetaTrader 5, which are accessible from both real and demo accounts. These are the most widely used platforms in trading. As an NDD broker, XM does not restrict any trading methods on both trading platforms, MT4 and MT5. They recently won the awards Best FX Service Provider for 2023 awarded by City of Wealth Management Awards 2023 Best Market Research and Education Global 2019 awarded by Capital Finance International Magazine Best FX Service Provider awarded by City of London Wealth Management Awards 2019 Best Customer Service Global 2019 awarded by Capital Finance International Magazine Features Allows scalping Used by over 70,000 traders Allows Hedging Offers Negative Balance protection Pros and Cons Pros Cons Low withdrawal fees Inactivity fee Easy and fast account opening Average Forex fees No withdrawal fee Great educational tools and resources GO Markets Go Markets Pty Ltd was launched in 2006 and is an established Australian based and operated company AFSL 254963. GO Markets is one of the leading and trusted Australian regulated brokers, with offices in London, Taipei, Hong Kong and Melbourne. Their friendly customer support team is available 24/5 to help with all your trading needs. For fast execution, Go Markets servers are located in the Equinix LD4 data centres, which provides a low latency environment to execute trades. All client funds are held in separate client trust accounts at top-tier AA-rated banks, GO Markets currently offers more than 350 tradeable CFD instruments including Forex, Shares, Indices and Commodities and Cryptocurrencies. Features Used by over 10,000 traders Offers negative balance protection Allows scalping Allows hedging Regulated by ASIC Offers STP Pros and Cons Pros Cons Highly regulated broker Limited range of instruments Great trading and analysis tools Not available in the US Ultra-fast trade executions Only two account types available Innovative technology Clients from many jurisdictions not accepted AvaTrade AvaTrade is regulated by the Central Bank of Ireland, ASIC Australia, FSCA South Africa, FSA Japan and BVI British Virgin Islands. AvaTrade have provided Forex trading services since 2006. They have offices around the world, located in the British Virgin Islands, Ireland, Australia and Japan with sales offices in Milan, Mongolia, Beijing, Nigeria, Paris, Madrid, Santiago, and Johannesburg. Their headquarters are in Dublin, Ireland. Since its creation in 2006, AvaTrade has become a large online trading platform with approximately 200,000 registered clients completing up to 2 million trades per month totalling approximately US Dollar 60 billion of trading volume. AvaTrade is highly regulated and offers more than 250 instruments which include more than 60 currency pairs, cryptocurrencies, commodities, bonds, major stock indices, individual shares and ETFs. Features Client funds are held in segregated accounts for increased security Competitive spreads offering Trading websites in more than 20 languages A range of automated trading platforms and EA compatibility Desktop, tablet, mobile and web-based trading with MetaTrader 4, MetaTrader 5 and AvaTradeGO Pros and Cons Pros Cons Easy and fast account opening Limited research tools Great educational tools Poor support telephonically No withdrawal fee Administration fee Free deposit and withdrawal options Inactivity fee Low trading fees Offers only CFD’s, Forex and Cryptocurrencies Exness The Exness Group offers access to more than 120 financial instruments to trade across, which include Crypto, Forex, Stocks and Indices. Exness was founded in 2008 in St. Petersburg, Russia and they offer 120 currency pairs to choose from In Forex. Exness holds client funds in segregated accounts and provides clients with customer protection. The broker’s EEA registration, along with it being regulated and authorized by FCA and CySEC, makes Exness a reputable and reliable broker. The Exness Group’s monthly trading volume is more than US Dollar 180 billion, as well as 15,000 new accounts are opened each month, with more than 80,000 active traders. Deposits and withdrawals can be executed 24/7. If a deposit or withdrawal is not subject to instant execution, it will be processed within 24 hours. 🏆 10 Best Rated Forex Brokers They have licences from the UK Financial Conduct Authority FCA, the Cyprus Securities and Exchange Commission CySEC and the Financial Services Authority FSA of Seychelles. Their website is available in 23 different languages including English, Chinese, Russian, Vietnamese, Farsi, Hindi, Urdu, Tamil, Thai, Bengali, Indonesian, and Malay with 24/5 customer support in 13 languages. Features Copy trading system Tight spreads No hidden commissions or fees Very cool user friendly and modern website Instant withdrawal of funds Tight spreads from pips Client funds kept in segregated accounts Pros and Cons Pros Cons Customer support in many languages Inactivity and withdrawal fees Commission free trading High CFD fees Access to Forex ECN trading Not available in the US 120 Currency pairs to trade from Offshore regulation HFM Founded in 2010, HFM is regulated in one tier-1 jurisdictions and three tier-2 jurisdictions, making it a safe broker average-risk for Forex and CFDs trading. HFM has its headquarters in Cyprus with several global satellite offices in South Africa, Dubai and offshore entities in St Vincent and the Grenadines. The company received the award for Business Excellence in 2015 and was listed as one of the Top 100 Companies by World Finance Magazine. Users can access more than 150 trading instruments across Forex, Indices, Commodities, Bonds, Shares and Cryptocurrency CFDs over 6 core trading accounts. Every account type with HFM offers commission-free trading for Forex pairs. Features Regulated by ASIC, CySEC, FCA Lots of premium MetaTrader tools offered Additional Civil Liability Insurance Known for great technology Numerous industry awards garnered Offers Negative Balance Protection Pros and Cons Pros Cons Fast, easy, fully digital account opening Only Forex and CFD products Low minimum deposit Two of their entities are unregulated Commission free accounts available Only 56 shares available Low Forex fees Competitive spreads Great range of markets Alpari Alpari was initially established in 1998 and then relaunched in 2014. It is based in Mauritius and regulated by the Financial Services Commission FSC of the Republic of Mauritius. Alpari gives their traders access to more than 250 markets in Stocks, Forex, Metals, Indices and Cryptocurrencies. They offer both the MetaTrader 4 and MetaTrader 5 platforms on Web, Mobile and Desktop formats. Beginner traders, as well as experienced traders will work well with Alpari. It has demo accounts and great educational resources. Alpari also boasts more than US Dollar trillion in trading turnover per year. Features Regulated by an offshore industry center FSC Mauritius Choice between ECN and market-maker execution models Maximum leverage as high as 1000 to 1 Over 60 Forex currency pairs and crosses available for trading Pros and Cons Pros Cons Demo Accounts and Social Trading Limited educational resources Great copy trading broker Lack of resource tools Diverse selection of tradeable assets High fees Good support in over 30 languages Withdrawal fees Low minimum deposit FP Markets FP Markets is a trusted global CFD, founded in 2005 and regulated by the Australian Securities and Investments Commission ASIC and the Cypriot CySEC. It offers traders access to CFDs across Forex, Commodities, Indices, Stocks and Cryptocurrencies on consistently tighter spreads in unparalleled trading conditions. Traders can use the globally recognised MT4 and MT5 platforms, as well as over 50 currency pairs, gold, silver, CFDs, Indices, stocks and cryptos to trade with. Features 50 plus currency pairings to trade ASIC & CySEC Regulated broker Offer Direct Markets Access DMA Leverage is 5001 when trading currency Demo Account for beginning traders Pros and Cons Pros Cons Easy and fast account opening Limited product portfolio Low trading fees High CFD fees Fast execution of trades High minimum deposit Low Forex fees High fee for international bank withdrawal Good platform options FXTM FXTM is a licensed and well-regulated broker worldwide, from the UK, South Africa, Belize, Cyprus and Mauritius as examples. The main entity ForexTime Ltd is regulated by CySEC of Cyprus, authorized by FSCA of South Africa and additional offshore authority FSC in Mauritius. They also boast with an impressive list of awards. FXTM was founded in 2012 by the Russian entrepreneur Andrey Dashin. They have offices in major countries like the United Kingdom, Poland, France, Italy, Spain, Germany, China, Turkey, South Korea, Thailand, India, Malaysia and Nigeria. All central operations are directed from FXTM’s five story tower located in Cyprus. FXTM offers tight spreads, trading in all currency pairs as well as a wide range of other financial products and derivatives. Features Spreads as low as pip for a standard account and 0 pips for ECN based trading accounts Low stock index CFD fees Allows hedging Fast and easy account opening Great selection of educational tools Pros and Cons Pros Cons Low minimum deposit Inactivity and withdrawal fees Fantastic Customer Service High CFD fees Fast and easy account opening Limited product portfolio Well-regulated Broker Very competitive Forex fees eToro eToro is a well-known fintech social trading broker, that was established in 2007 and based in Tel Aviv, Israel. The company boasts one of the world’s largest social trading and investment networks and comprises the following entities eToro Europe Ltd., a financial services company authorised and regulated by the Cyprus Securities Exchange Commission CySEC; eToro UK Ltd, a financial services company authorised and regulated by the Financial Conduct Authority FCA . eToro made its name on its social investing platform that allows users to copy the trades of other investors. In the eToro social community, traders can become “leaders” and earn from leading other traders that follow and copy their trades. eToro is considered safe because its UK and Australian arms are regulated by top-tier financial authorities and it is a well-known fintech startup. The firm started off as a broker that only offered Forex trading, but has since expanded its product offerings to include Cryptocurrencies, Commodities, Stocks and Market Indices and now boast more than 10 million users in 140 countries worldwide. Features Free stock and ETF trading in Europe Offers access to 15 cryptocurrencies Premier Social trading/Copy trading platform and community Huge cryptocurrency offering Robust charting 10 million traders worldwide Pros and Cons Pros Cons Fully digital account opening Withdrawing money is slow and costly Low CFD fees High Forex fees No deposit fee Only one account base currency used Service is fast Withdrawal fee Low minimum initial deposit No streaming news XTB XTB, founded in 2002, is an FCA regulated brand offering CFD and Forex trades. They offer a wide range of financial instruments through its standard and pro account types. XTB has offices in more than 13 countries including Poland, the UK, France, Germany and Turkey, with their headquarters based in London and Warsaw. They offer CFD, Crypto and Forex trading. XTB offers traders two state-of-the-art trading platforms, MT4 and xStation. Both platforms allow scalping. Features Offers Negative Balance Protection Fully digital account opening and trading Award winning platform Lots of educational materials offered Regulated by top-tier FCA Pros and Cons Pros Cons Easy and fast account opening Limited product portfolio Free and easy deposit and withdrawal Poor email support Low trading fees High fee for stock CFD No withdrawal fee Low Forex and stock index CFD fees OctaFx OctaFx has the best trading conditions, which is one of the primary reasons why it has grown from strength to strength since its launch in 2011. It is part of Octa Markets, which is based in Kingston and has a subsidiary in Cyprus namely Octa Markets Cyprus Ltd. They are based Jakarta, Indonesia with offices in St. Vincent and the Grenadines. OctaFx is an STP ECN Forex broker which offers both the MetaTrader and cTrader platforms from where you can access all major currency pairs and commodities with a leverage of 1500. Initially OctaFx focused primarily on the Asian market and won several awards for their work in this region, but they have grown significantly and is now in more than 100 countries worldwide. Features Over 300,000+ traders worldwide Extensive research and educational resources First time deposit match of 50% Unlimited demo account Spread offerings among the most competitive in the Forex industry. Great advanced technology Pros and Cons Pros Cons No commission deposits or withdrawals Limited range of instruments Free and easy deposit and withdrawal No Forex educational tools Multiple platforms to choose from Doesn’t offer VPS Enhanced licensing with the addition of CySEC regulation Low Forex and stock index CFD fees is the brand name of GAIN Capital and was established in 2001, which is a global FX and CFD brokerage firm and is listed on the New York Stock Exchange. The company is regulated by several financial authorities which includes the top-tier Financial Conduct Authority FCA in the UK or the US Commodity Futures Trading Commission CFTC. stands out as one of the top 3 Forex brokers. With some of the lowest commissions, and some of the most advanced research and trading tools in the markets, this is a great broker for both beginners and advanced traders. has won many awards. In 2023 it has earned Best in Class top 7 awards for numerous categories including Education, Commissions & Fees, Offering of Investments, Professional Trading, Crypto Trading, Ease of Use and Overall. They offer more than 4,500 CFD instruments to trade with. They also allow access to over 180 markets which include stocks, Forex pairs, Commodities, Indices and Cryptocurrencies. Features Great mobile and desktop functionality TradingView charts built into platform Over 40,000 traders Regulated by several authorities Diverse technical research tools Pros and Cons Pros Cons Great variety of currency pairs Limited product portfolio Fast and easy account opening High stock CFD fees Fast execution of trades Higher spreads than some brokers Low Forex fees No negative balance protection No withdrawal fees Inactivity fee FxPro FxPro UK is a subsidiary of FxPro Group Limited and was founded in 2006. The company operates in 173 countries and has more than 870,000 client accounts. They are regulated by the FCA and CySEC, and FSCA. They offer incredible execution speeds. The average execution time is less than milliseconds and it processes approximately 7 000 orders every second. They hold an impressive award list including 5-stars MetaTrader Broker 2019, ForexBrokers com Best in Class of Commissions & Fees, ForexBrokers com Best MetaTrader Broker 2019, ForexBrokers com Most Reliable Broker of the Year 2019, “International Investor” Magazine Best FX provider of the Year 2019, Online Personal Wealth Awards Best Tablet Application 2019, Online Personal Wealth Awards Best European Value Broker of the Year 2019, Global Forex Awards Best Global Forex Introducing Broker Programme 2019, Global Forex Awards Best European Forex Trading Platform 2019, Global Forex Awards Features Good customer service with 24/7 Support Winner of Multiple awards No dealing desk and very fast execution of trade speeds Company capital in excess of 1 million British Pounds Incredibly fast execution speeds No dealing desk Pros and Cons Pros Cons Wide selection of market instruments No investor protection Segregated accounts Doesn’t offer its services in all countries Highly regulated Range of account types Little to zero commissions charged City Index City Index was founded in 1983 and it is a global CFD and FX broker. They have more than 35 years of experience and is the brand name of GAIN Capital, which is listed on the New York Stock Exchange. The company is regulated by top-tier financial authorities, such as the Financial Conduct Authority FCA, Australian Securities and Investments Commission ASIC or Monetary Authority of Singapore MAS. They have more than 12 000 markets to choose from across Forex, Shares, Commodities and Indices. City Index’s educational resources are first grade. They use their own Trading Academy which provides a host of videos covering a lot of subjects as well as webinars. They also offer in-depth market analysis and research covering all asset classes via articles and webinars. This makes their educational offering great for both the experienced and beginner trader. Features 12,000+ instruments to trade Great research tools Top notch trading platform and multiple platforms. Great market analysis Pros and Cons Pros Cons Low fees for Forex and index CFD’s Limited product portfolio Fast and smooth account opening High CFD fees No withdrawal fee High minimum deposit Diverse research tools Inactivity fee No deposit fee Trading 212 Trading 212 is considered safe as it is regulated by the top-tier FCA. Trading 212 was founded in 2006 and headquartered in London, UK but also has offices in China, Russia, Italy, Chile, Mexico, Argentina, Poland, Spain, Germany and more. They are known for zero-commission stock trading service in the UK and Europe, and this unlocked trading for millions of people. The account opening is fully online, straightforward, and quick. Trading 212s web and mobile trading platforms are easy to use and well-designed. They offer trading in Cryptocurrencies, Indices, Currencies, Equities, Commodities and Stocks. Trading 212 uses the best available technology to speed up the placing and execution of orders with proper connection to the most significant liquidity providers. Features 40,000+ traders No commission on investing 3,000+ global stocks and ETF’s Fractional Shares Unlimited instant trades Pros and Cons Pros Cons Demo accounts available Doesn’t allow scalping Very low minimum deposit Inactivity fee Zero commissions Short selling not allowed Highly regulated by FCA and FSC Limited research selection Not ASIC regulated Swissquote Swissquote Bank, established in 1996, is a Swiss Forex broker and a major European bank that is known to be very reliable. It has two main trading arms, namely a Swiss unit for trading stocks, options, funds, and futures and a company in the UK for CFDs and Forex. In Forex they have sixty currency pairs. They also have other financial instruments like Stocks, Energies and Commodities. Swissquote offers client support in multiple languages such as English, German, French, Spanish and Chinese and in multiple channels such as Phone, Live Chat for using Live Chat the client has to login to the broker’s website and Email. They offer 3 different platforms to choose from and they are also optimized for mobile devices with Android, Windows and IOS mobile operating systems. The mobile versions of their platforms are fully functional. Features Highly regulated by FCA Demo Account offered Boasts 330,000+ traders Allows scalping Allows hedging Pros and Cons Pros Cons No Inactivity fee High trading fees Low Forex fees Not all research tools are free Access to a great variety of markets Platform can be confusing Flexible trading platforms Great market research tools Easy Markets Founded in 2001, Easy Markets is a platform which allows users to trade CFDs on Commodities, Forex, Shares, Indices and Cryptocurrency. It is regulated for trading in CFD and Forex. Easy Markets claim to fame is that of being a very beginner-friendly Forex broker and well known for its web-based service. This has been designed with user experience in mind and is confirmed by a comprehensive offering of training and educational resources, as well as beginner-friendly features such as a low freeze rate and deal cancellation. Easy Markets has much to offer information-wise, including a financial calendar and the latest news headlines all experienced traders know that news stories can heavily affect trading. These features can help to maximise profits and are important for real-time analysis. Features Trading Central charting and signals Provides a financial calendar Offers a low Freeze rate Offers deal cancellation EasyTrade tool to set their risk limits, durations of trade and potential pay-outs Provides latest news headlines Pros and Cons Pros Cons Free guaranteed stop loss Forex spreads start at 1 pip Fixed spread account No variable spread accounts Commission free account Platform can be confusing Strict regulation Deal cancellations not available on MT4 Negative Balance protection FBS FBS is an international broker with presence in more than 190 countries. 15 000 000 traders and 410 000 partners have chosen FBS as their preferred Forex company. Specially for Muslim traders swap-free accounts also known as Islamic accounts are provided, that do not contradict with the teachings of Islam. FBS was founded in 2009, with its headquarters in Cyprus. They are under strict regulation from the IFSC and the CySEC. FBS offers a great selection of account types, with some of the lowest capital requirements for their traders. They also provide a wide selection of trading education videos and articles to help skill up any level trader. FBS shows its excellence by winning over 40 prestigious awards, with some of the recent ones being Best Forex Broker Vietnam, 2019 Most Progressive Forex Broker Europe, 2019 Best Forex Broker Asia, 2018 Best broker in the Middle East, 2018 Most Transparent Forex Broker, 2018 Best Forex Trading Account, 2018 Best Copy Trading Application Global, 2018 Features Low Spreads and comms from 0 pips Offers bonuses to new traders Over 14 000 000 traders and 370 000 partners Commissions covered by FBS Leverage of up to 13000 Pros and Cons Pros Cons Low Deposit for account opening Higher than normal spreads Super-fast trade execution Fees on both deposits and withdrawals Free demo account Highly responsive customer service MarketsX MarketsX was formerly known as and was founded in 2008. has done a rebranding in 2019 and the new brand for trading is MarketsX. The company first launched as GFC Markets but was rebranded as in 2010 after the merger between Safecap Investments LTD, the owner of GFC Markets, and TradeFX. In 2015 it was rebranded again when Playtech PLC acquired the company to rename itself MarketsX. The company underwent a massive restructuring in 2016, reducing its workforce and selling its binary options platform TopOption. MarketsX is regulated by four major regulators, the Cypriot CySEC, FSCA, ASIC and the UK FCA under several different operating names. They offer more than 2 200 assets covering Bonds, Commodities, Cryptocurrencies, Currencies, Stocks, Indices, ETFs and even IPOs from three trading platforms. It allows traders to trade commission-free, with costs just related to spreads. Features Good customer service with 24/7 Support Regulated by 4 major financial regulators They offer more than 70 global currency pairs to trade with No Forex trading commissions They offer more than 2,200 assets to trade with Pros and Cons Pros Cons Large range of trading instruments Lack of telephone support Fixed spreads Low leverage Commission free accounts Lengthy processing of deposits and withdrawals Low minimum deposit Fast execution XTB XTB, founded in 2002, has offices in more than 13 countries including the UK, Poland, Germany, France and Turkey with headquarters based in London and Warsaw. They offer CFD, Crypto and Forex trading. The company offers a wide range of financial instruments through its standard and pro account types. Features Award winning platform Lots of educational materials offered Regulated by top-tier FCA Fully digital account opening and trading Offers Negative Balance Protection Pros and Cons Pros Cons Easy and fast account opening Limited product portfolio Free and easy deposit and withdrawal Poor email support Low trading fees High fee for stock CFD No withdrawal fee Low Forex and stock index CFD fees RoboForex RoboForex Group was founded in 2009 and is headquartered in Cyprus. They have 800 000+ traders, from over 170 countries and offer more than 12 000 instruments for trading and 8 asset types. From a marketing presence point of view, RoboForex currently serves as an Official Sponsor of “Starikovich-Heskes” team at the Dakar and Official Sponsor of Muay Thai fighter Andrei Kulebin. Features Allows hedging 5 Account currencies Allows scalping Tight spreads from 0 pips Micro accounts available Offers STP Pros and Cons Pros Cons Fast order execution No FCA regulated Fully digital account opening No fix spread accounts Affiliate program with 50% profit sharing Used by over 10,000 traders 8 asset classes InstaForex InstaForex boasts more than 7 million traders and are a great brokerage especially for beginner traders. They are known to offer great bonus and promo campaigns. They also offer a 40% bonus for every deposit and up to 100% for the initial deposit. InstaForex offers a variety of platforms which are backed up by a good, user friendly mobile app as well as ForexCopy, the InstaForex social trading platform. On ForexCopy successful and experienced traders can earn commissions by allowing others to copy their Forex trades. InstaForex also offers a wide range of trading tools and in-house MT4 plugins such as Pattern Graphix and Superior Forex Desk. Features More than 300 instruments PAMM system Free VPS Pattern Graphix Provides a financial calendar Trading Central charting and signals Pros and Cons Pros Cons Wide variety of platforms Customer service is only during the work week Lots of educational resources Withdrawal commissions Commission free account Strict Regulation Trading and Economic Calendar Dukascopy Dukascopy is a Swiss regulated Brokerage House that provides traders a host of great and unique offerings. They offer a range of trading platforms and software including its proprietary JForex platform suite which has industry leading trading tools and market research and analysis. Dukascopy cater for a number of different deposit and withdrawal payment options and trading accounts can be opened in the quite a few different currencies. Features Variety of trading platforms available 500+ tradable products Highly regulated in multiple regions Pros and Cons Pros Cons Multiple currency accounts High commissions Expert news and analysis Withdrawal fees Great market research tools Minimum deposit is high Flexible trading platforms HYCM HYCM brings over 40 years of operations the company is well-established and highly trusted with 15 global awards under its belt. HYCM provides research from Trading central which has an excellent track record with 30 million traders. It offers a number of currency pairs for trading as well as a CFD’s on indices, metals, energy products, commodities like cotton and sugar, and stocks and more… Compared to competitors, HYCM also allows you to trade multiple markets through one integrated account. HYCM allows traders, whether beginners or experience, a US Dollar 50,000 demo account. The funds, however, will only be active for two weeks. This may be a real negative but on the other hand, they haven’t placed a restriction on the number of demo accounts an individual trader can open. Features 40 year reputation 30 million+ traders Great research provided with Trading Central Demo account with US Dollar 50,000 of funds to trade with Pros and Cons Pros Cons No ID verification to start trading Only one platform available Platform easy to use Fixed spreads only High speed trade execution Wide range of trading instruments No minimum deposit GKFX Prime GKFX Prime is a broker that believes more is more. They offer a lot of tools and info for the Forex trader. GKFX Prime is regulated by the British Virgin Islands’ financial authority named Financial Services Commission BVIFSC. As standard GKFX Prime offer top quality customer service and enough information to keep traders well informed. Demo accounts are backed by good educational tools and the demo account will not expire as long as you aren’t inactive for more than 30 days. Features PAMM Copy trading platform as well as social trading through Autotrade and Zulutrade Comprehensive trading analysis provided Platforms offered MetaTrader 4 and MetaTrader 5 over web, mobile and desktop MAM account – multiple accounts through one interface Great multi-lingual customer support Over 400 financial products Pros and Cons Pros Cons Great customer support Limited trading platforms Comprehensive Market analysis Great copy trade PAMM platform Solid educational tools Innovative technology OvalX Traders choose OvalX for its reputation built up over 50 years through its FCA-regulated offering. Their customer service is excellent having finished Best in Class in the Customer Service category in 2023. ETX also offers very good educational resources although their research offering is basic and could be improved. Features Great educational materials Award winning technology Multi-lingual customer service Pros and Cons Pros Cons Great customer service High trading fees Very good educational tools Basic research tools Free multiple deposit options Only CFD, Forex and Cryptocurrency Free multiple withdrawal options Flexible trading platforms Easy and fast account opening In conclusion 🏆 10 Best Rated Forex Brokers Spreads are one of the most important factors to consider when choosing a broker in the Forex market. Every currency pair you trade will have a spread, which is simply the cost of trading a security. Forex traders look for “tight” or “narrow” spreads. Most of the time, Forex spreads are floating, which means they are influenced by market forces like supply, demand and newsworthy events as well as activity and volatility in the market. With a floating spread, it is very difficult to determine how much you will pay for a currency pair, but generally, the more active the trading session the higher the spread. When spreads are “tight” or “narrow,” the cost of trading is relatively low. But, because market conditions can change quickly, and often with no warning, there is never a guarantee that your spread will be desirable. For this reason, many traders prefer fixed spreads. Fixed spreads guarantee that the spread is constant, regardless of market conditions. For this reason, fixed spreads do a much better job of protecting against the volatility that is often present in the Forex market. According to research in South Africa, these 17 best fixed spread Forex brokers will help you protect against the volatility of the Forex Market through offering fixed spreads on your Forex trades. Forex trading can be a lucrative venture for investors looking to grow their wealth. However, before jumping into the market, it’s essential to understand how much money is needed to control $10,000 in forex currency. This article will explain the different margin requirements and leverage options available to forex traders and the associated costs. Margin Requirements Margin is the amount of money a trader must deposit to open a position. Forex brokers require a margin to cover any potential losses that may occur if the market moves against the trader. The margin requirement is expressed as a percentage of the trade size and is known as the margin rate. The margin requirement varies depending on the currency pair being traded and the forex broker. Typically, the margin requirement for major currency pairs, such as EUR/USD, USD/JPY, and GBP/USD, is around 2% to 3%. This means that to control $10,000 in forex currency, the trader would need to deposit $200 to $300 as margin. However, the margin requirement can increase for minor and exotic currency pairs, with some brokers requiring up to 20% margin. Therefore, it’s crucial to check the margin requirements with the broker before opening a position. Leverage Options Leverage is another essential factor to consider when trading forex. It allows traders to control a more significant position size than their account balance would typically allow. For example, a trader with $1,000 in their account could control a $10,000 position size with a leverage of 101. Forex brokers offer various leverage options, with the most common being 501, 1001, and 2001. The higher the leverage, the more significant the position size a trader can control with their account balance. However, higher leverage also means higher risk, as the potential for losses is magnified. To control $10,000 in forex currency with a leverage of 501, the trader would need to deposit $200 as margin, as mentioned earlier. However, if the trader chose to use a leverage of 1001, they would only need to deposit $100 as margin. Similarly, with a leverage of 2001, the margin requirement would reduce to $50. Costs Associated with Trading Forex In addition to the margin requirement and leverage options, forex traders need to consider the costs associated with trading. These costs include spreads, commissions, and overnight fees. Spreads are the difference between the bid and ask price of a currency pair, and they vary depending on the broker and currency pair being traded. For example, the spread for the EUR/USD currency pair could be as low as pips with some brokers, while others may charge a spread of 2 pips or more. Commissions are another cost associated with trading forex, and they are charged by some brokers. The commission is usually a fixed dollar amount per lot traded or a percentage of the trade size. Overnight fees, or swap rates, are charged when a forex position is held overnight. The fee is based on the interest rate differential between the two currencies in the pair being traded and can be either positive or negative, depending on the direction of the trade. Conclusion In conclusion, to control $10,000 in forex currency, the trader would need to deposit between $200 and $300 as margin, depending on the margin requirement set by the broker. The leverage option chosen by the trader would also affect the margin requirement, with higher leverage requiring a lower margin. Forex traders must also consider the costs associated with trading, such as spreads, commissions, and overnight fees, as they can significantly impact the profitability of a trade. Therefore, it’s essential to choose a forex broker that offers competitive pricing and transparent fees to maximize profits and minimize costs.

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