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Lowest Spread Forex Brokers

 

Low spread forex trading

The are some forex brokers who offer a low spread on forex trading. Be sure to check out FX Club's Zero Spread deal. Imagine you can trade with Zero Spread?

Most forex brokers offer a 3 pip spread on the EUR/USD currency pair. eToro offers 2 pip spread on the EUR/USD currency pair. (click here to visit eToro).

Oanda offers a 1.5 pip spread on the EUR/USD currency pair. Click here to go to Oanda. Oanda now also has a sliding scale on the EUR/USD forex currency pairs. At certain times you can trade as low as 0.9 pip spread on the EUR/USD.

Also try Easy Forex , Market IVA and MoneyForex

Note that the spread on currency pairs will differ. The most frequently traded currency pairs will have the lowest spread.

What is a spread?

The spread is the difference between the bid and asking price. You will note while trading the currency market that there will also be a difference between the current value of the currency and what you pay for it. That is where the forex brokers makes his profit. That is why they can offer you a forex account for free without any fees. Let's say the current EUR/USD price is 1.27237 and your forex brokers has a 2 pip spread, then you will pay 1.2739 when you buy. You will also note that the spread is lower on the more popular currency pairs like EUR/USD, USD/JPY, EUR/JPY etc. If you go for a non popular currency pair like USD/ZAR you can easily end up paying a 250 pip spread. That means that you will have to win 250 pips before you even brake even.

 

 

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Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts