8 Best Fixed Spread Forex Brokers

Trade Nation earns my top spot for fixed spread broker because of its suitability for day-trading and its platform flexibility. I tested both its proprietary TN Trader platform and TradingView platform and found them to be good choices for fixed spreads as you can in and out of the market quickly. If you wish to use variable spreads, MT4 is available.

On key Forex majors like the AUD/USD, the fixed spreads start from a very tight 0.4 pips. I realise saying ‘spreads start from’ may seem strange when they are fixed but the thing to know is that they are fixed at different amounts depending on the time of the day. For AUD/USD for example, the spreads vary from 0.4 to 0.7 depending on if you’re trading at 8am or 2am.

Fixed Spreads on Multiple Platforms

Trade Nation is reliable and cost-efficient, making it a great choice for active retail traders. If the TN Trader and TradingView platforms, spreads are fixed and start from as low as 0.4 pips during peak hours. This pricing model offers cost certainty, making it easier to plan stop-loss levels and avoid spread widening during key trading hours.

If you choose TN Trader, you get the added benefit of a Guaranteed Stop Loss Order (GSLO) in addition to 95 indicators and 35 drawing tools powered by ChartIQ. TradingView is also a powerful choice cause it charting tools are best in industry. These include 20+ chart types, 110+ drawing tools, 400+ indicators along with asset asset screeners, strategy testers and pine script for customisation.

MT4 is available if you wish to for variable spreads and automation while TraderCopier app will allow you to copy other traders.

Regardless which platform you choose, I do like that Trade Nation also supports scalping and copytrading, making it a great fit for those looking to trade short-term strategies.

Fixed Spreads For Many Products

Trade nations offers a solid range of products to choose from. 33 currency pairs are available, 38 indices, over 15 hard or soft commodities along with cryptocurrencies (outside the UK), shares, and bonds. Markets for stocks include LSE, NASDAQ, US Minis, ASX as well as several EU markets.

You will find these products are mostly as rolling cash however some indices, bonds, energies are traded as futures.

When trading fixed spreads, there is a different fixed amount for different times of the day. For example:

When trading Forex pairs, leverage is capped at 1:30 in ASIC and FCA jurisdictions, but rises to 1:200 or 1:500 under Trade Nation’s FSA Seychelles entity, depending on account eligibility.

Getting Started With Trade Nation

Trade Nation does not charge any commissions, account fees, deposit fees, or withdrawal fees. Since there is only one account types, getting started is realy easy, you just choose your preferred platforms and deposit the minimum needed to meet margin requirements. This makes it a great choice for traders conscious about cost and protecting their profits.

Trade Nation is regulated by several global authorities, including ASIC (Australia), FCA (UK), FSCA (South Africa), SCB (Bahamas), and FSA (Seychelles). This regulatory coverage ensures certain client protections like negative balance protection and fund segregation. Which protection applies to you will vary depending on the jurisdiction you are based in.

I recommend easyMarkets as an excellent choice for traders who prioritize risk management over getting the cheapest raw spread pricing. I really enjoyed playing around with their proprietary platform, and liked risk management tools available like guaranteed stop-loss orders (GSLO’s) and easyTrade,

On the proprietary and TradingView platforms, spreads start as low as 0.7 pips on EUR/USD, while MT4 offers a much wider fixed spread of 1.7 pips on EUR/USD. MT5 overall has the tightest spreads but only offers variable spreads, not fixed.

Good Trading Platform Choices

EasyMarkets offers fixed spreads on their proprietary, MT4, and TradingView platforms, with variable spreads available on MT5. This is great for those who want to trade fixed spreads during the most volatile periods of the day, while still having the option of accessing the tighter spreads available through MT5.

Top Risk Management Tools

If you choose the easyMarket Proprietary platform, you will be able to utilise some useful risk management tools that no other broker offers.

In addition to fixed spreads, a Guaranteed Stop Loss Order (GSLO), can be activated which means you are 100% protected from slippage which can still occur with a stop loss order.

Another useful risk management tool is easyTrade, a simplified, time-based feature that lets you set your maximum risk upfront by paying a fixed premium. Unlike a traditional stop-loss, which can be triggered by margin requirements, stop-out levels, or volatility, easyTrade guarantees the maximum loss. If this limit is not reached, the trade automatically closes when the selected time period expires.

Fixed Spreads And Variable Spread Options

EUR/USD spreads on their proprietary platform are fixed at 0.7 pips (1.7 pips on MT4), AUD/USD at 1.5 pips (1.8 on MT4), and GBP/USD at 1.3 pips (2.3 on MT4). While slightly wider than a competitor broker like Trade Nation, these spreads do not vary throughout the day, so you can always know exactly what price you’re paying per trade.

Typical spreads with easyTrade Platform

Other Information

easyMarkets caps leverage at 1:30 in Australia and Europe and up to 1:2000 outside these regions with MT5. They also have zero hidden fees. It’s completely free to deposit and withdraw money, and there’s no fees for having an inactive account.

EasyMarkets has very strong regulatory approval. They are licensed by CySEC in the EU, ASIC in Australia, FSCA in South Africa, FSA in Seychelles, and BVI FSC. This level of regulation reinforces its credibility and makes sure your funds are protected.

HYCM offers both fixed spreads and variable spreads account types to suit different trading styles. Their fixed account has spreads starting at 1.5 pips for EUR/USD. Not the tightest spreads in our broker comparison, but not too bad either. As HYCM has MT4 and MT5 platforms they are good for automation trading with fixed spreads.

While a classic account with spreads from 1.2 pips and a RAW account with spreads from 0.1 pips (and low USD $2.00 each way) the products on the accounts are limited. With these variable spread accounts you can only trade 42 FX pairs and 4 metals, far less than the 67 FX pairs plus commodities, stocks, indices and cryptos with the fixed spread account

Account types and Spreads with HYCM

HYCM lets you choose between fixed, floating, or raw pricing models. The Fixed Account features spreads from 1.5 pips with no commission, while the Classic Account offers variable spreads from 1.2 pips, also commission-free. The Raw Account provides spreads as low as 0.1 pips, with a $2 per side commission for Forex and $2.50 for metals.

Fixed spread trading is available with MetaTrader 4, MetaTrader 5 and HYCM trader app. The Classic and Raw account is only available with MT4 and MT5.

Products with HYCM

One thing to be aware of when choosing your account is the products you can trade. The fixed spreads has the following line up of products for trading:

Forex Leverage is up to 1:500 for traders outside UK/EU, 1:200 on MT5, and restricted to 1:30 in the UK and EU.

I recommend IronFX for traders who want a wide selection of account types and the flexibility to choose whichever pricing structures suit their current strategy. Their average spread on forex is 1.2 pips on the standard floating and standard fixed account. 0 pips on the Raw ECN account and 0.3 pips on the ECN VIP account. During my testing, IronFX impressed me with how many forex pairs it offered (I counted over 80).

IronFX runs exclusively on MT4, including an enhanced “MT4 Advanced” package that adds extra charting tools and advanced trade-management features, making automated strategies and EAs easier to run and monitor. I also appreciated the option of ECN‑style accounts with spreads as low as 0.0 pips (with commissions), which suits high‑volume or professional traders. That said, the broad account range adds complexity, and overall trading costs felt higher than industry norms on many of the standard accounts I tested.

InstaForex is a great choice for those who want the broadest mix of trading instruments, flexible account options, and minimal entry barriers. They offer 110+ forex pairs, commodities, indices, shares, futures, and crypto, a range notably wider than many brokers I’ve tested.

That said, their trading costs are on the high side. Spreads are fixed at 3 pips for EUR/USD on their fixed spread accounts, while their zer pip spreads incur commissions of $30 per lot, which makes frequent trading expensive. Deposits are easy with a minimum of just $1, and leverage up to 1:1000 gave me ample flexibility to trade.

I recommend IFC Markets for traders who prefer to customize their own trading environment and for those interested in synthetic instruments. What stood out in my testing was their proprietary NetTradeX platform, which lets you build your own asset pairs using their “Portfolio Quoting Method”. For example, I was able to create and trade custom instrument pairing gold against Apple stock, something you simply can’t do on most platforms.

Cost-wise, spreads are competitive if you stick with NetTradeX or MT5, starting from 0.4 pips on EUR/USD with no commission. MT4 users, however, face much higher fixed spreads (from 1.8 pips), so cost-conscious traders should avoid that option. You can start trading from as little as $1, with leverage up to 1:400 depending on your account type.

FIBO Group offers six live accounts across MT4, MT5, and cTrader, making it one of the most flexible brokers in our comparison. You get both fixed and variable spread options, high leverage up to 1:1000, and very low entry points with some accounts offering $0 minimum deposit.

The MT4 Fixed account provides fixed spreads starting from 2.0 pips with no commission. However, spreads are significantly lower on variable NDD accounts, such as the MT4 NDD (0.3 pips + $6 commission) and cTrader NDD (0.2 pips + $6 commission). While their educational materials are weak and some deposit/withdrawal fees are high, the platform variety and trading conditions more than make up for it.

T4Trade offers a straightforward account lineup on MT4 with access to over 320 CFDs across forex, commodities, indices, shares, cryptocurrencies, and futures. I like that it allows copytrading via TradeCopier, provides leverage up to 1:1000, and keeps entry costs relatively low with only a $50 minimum deposit required. One thing to watch out for is that the broker is only regulated by the Seychelles FSA, not the greatest regulatory coverage compared to the rest of the brokers in our comparison.

T4Trade offers both fixed and floating spreads across its account types, with no commissions charged. Its fixed spreads on EUR/USD start from 1.9 pips on the Standard account, 1.7 pips on Premium, and 1.2 pips on the Privilege account. While it doesn’t offer a raw-spread account, T4Trade’s clear pricing, copy-trading support, and broad market coverage make it a reasonable option for beginners, casual traders, and copy traders who want a simple MT4 setup.