Which broker has the lowest spread?

[unclegober]

Hello everyone, i want to ask you which broker you are currently trading and what is the spread it has? I have been trading with Tickmill and it has one of the lowest spread for almost all pairs and also keep in mind that there are many brokers who does offer low spread but whenever there is a good chance to trade it jumps up seriously high but with Tickmill it stays same for almost every situation.

[edojoker]

I never trade in Ticmil. How many years have you been trading there??
For low spread, I used NDD and PAMM account in Liteforex broker. Its floating spread, and I like so much this account type. I can make order not less than 1 pips.

[unclegober]

Originally Posted by edojoker

I never trade in Ticmil. How many years have you been trading there??
For low spread, I used NDD and PAMM account in Liteforex broker. Its floating spread, and I like so much this account type. I can make order not less than 1 pips.

I have over 3 years of trading in tickmill. Previous Tickmill is Armada Markets where the Armada is now become a liquidity provider. trading conditions have not changed during this despite the change of name of the broker

[unclegober]

Check TICKMILL current LIVE spread here.

As top traders make hundreds, some even thousands of trades per day then low spreads are absolutely critical to achieve higher profitability.

Let's imagine that the same trader has also a trading account with another FX broker named BobFX and their average spread is 2 pips. The spread cost per on lot of EUR/USD would be 20 US dollars. As he made 100 trades then the total spread cost for him would be 100 * 20 USD = 2,000 US dollars.

So, at TICKMILL your spread cost for 100 trades would be 100 US dollars, while at BobFX it would be 2,000 US dollars or 1,900 US dollars more. This means that also your profit at BobFX would be 1,900 US dollars less compared to TICKMILL.

[unclegober]

Low spreads helps traders to be able to maximize the ability to the maximum. now I get low spreads in TICKMILL. spreads are needed by traders to do scalping to Achieve maximum profit. this is usually the main thing when traders decide to choose the right broker for scalping. based on my experience, Armada Markets gives traders especially for scalpers with very good platforms.

[vmusci87]

Check real spread from all brokers here:
Spreads | Myfxbook

Some brokers offer zero spreads, it's lowest.

[piplaser]

I have never used Tuckmill but I've used Liteforex. Although the spreads at Tuckmill were pretty tight, they are not as tight as the once for the broker I use now!

[unclegober]

one way to choose a broker is to perform tests against the broker. You can test your brokers by opening a demo account. Although demo account is not with real money it however gives you access to real trading conditions and allows you among other things to see the spreads of the broker, the speed of order execution, reliability of trading platform, etc. I recommend Tickmill. The broker has a very convenient facility for the type of traders who use scalping method that requires execution speed and low spreads. in addition, the broker gives you the freedom to traders to make a profit without any limitations (time, how to trade and others).

[wuxiami]

For floating spread, lowest spread is o pips, and if your broker always could provide 0 pips when market flat, it should be good broker.

[unclegober]

Originally Posted by wuxiami

For floating spread, lowest spread is o pips, and if your broker always could provide 0 pips when market flat, it should be good broker.

Yes you right, That is a good option for us which choose the broker who has a lowest spread. Many brokers criteria that must be considered. I now choose a broker of the system as well as trading conditions that give the best benefit to me. I now use a scalping system to trade. to do scalping require server speed and accuracy of execution without requotes.

[PapiaKhatunAsha]

I always feel that spread alone doesn’t make any broker great or even great. So, after all that I will say FrehForex, as they do have zero spreads, but their overall quality of schemes is simply unmatchable and is what makes them so very special. So, we definitely need to have quality broker to work out things not just one or two features.

[ape]

I see with no com , the lowest spread of eur/usd is 1.2, anyone know another better spread broker?

[alextrader79]

Well, I don't think that choosing the lowest spreads will be a great option when you find out that some scam broker doesn't allow you to withdraw the money.
So, it's not the main thing to consider while choosing a broker...

[chin100]

There are many forex brokers available in the market nowadays, so plenty of choice. The broker OBVIOUSLY should have low spread and great customer support!

[piplaser]

If you trade stock and indices, then which broker would you guys recommend? Need to have very low commissions and very tights spreads on these indices.

[PapiaKhatunAsha]

I think majority of brokers now offer spreads starting from 0.1 pips, so this is nothing special. I will say overall conditions are something that makes the difference and something we should look at with priority. I prefer FreshForex, who got this all.

[Nikolas84]

Originally Posted by PapiaKhatunAsha

I think majority of brokers now offer spreads starting from 0.1 pips, so this is nothing special. I will say overall conditions are something that makes the difference and something we should look at with priority. I prefer FreshForex, who got this all.

You are not quite right here. There are two types of brokers - first, offering raw spreads like you said starting from 0.1 pips, even zero pips sometimes, but than having a commission structure equal or higher than 1.2 pips (1.2$ per lot round turn commission). Than on the other hand there are brokers offering commission free trading with fixed spreads of about 1.2 pips and above on major pairs. For me the second is preferred, but it depends on your choice. However many brokers have higher commissions or much wider spreads, or both at the same time. That's why very important to know exactly the cost of trading with your broker. For me best choice is Pepperstone.

[Nikolas84]

You can see here a comparison of CFD brokers spreads and see that they are quite different from each other. That's why it is very important to properly select the broker depending on the spreads they offer, and not only the spreads in general, but for the specific instrument you want to trade. Some brokers may offer relatively nice spreads on major pairs, but very wide spreads on exotic pairs for example, or other instrument you like to trade.