Top Fixed Spread Forex Broker List

Our 2024 found shortlisted the following brokers offering fixed spreads:

  • AvaTrade - Best Forex Broker With Fixed Spreads For Day Trading
  • EasyMarkets - Top Broker With Risk Management Tools
  • FxPro - Great Forex Broker With Fixed Spreads On MT4
Broker Our Rating Regulation Standard
EUR/USD Spread
Standard
GBP/USD Spread
Standard
AUD/USD Spread
Raw
EUR/USD Spread
Raw
GBP/USD Spread
Raw
AUD/USD Spread
Commissions
(USD Base)
MetaTrader 4 MetaTrader 5 cTrader Execution Speed Minimum Deposit Currency Pairs Crypto CFDs Retail Leverage Prof. Leverage
64 ASIC, FSCA
CBI, KNF, CIRO
ADGM, FSC-BVI
- - - - - - - 160ms $100 55+ 15+ 30:1 400:1 Visit Site
48 ASIC, CySEC
FSA-S, FSC-BVI
- - - - - 155ms $200 (Standard)
$3,000 (Premium)
$10,000 (VIP)
62+ 17+ 30:1 500:1 Visit Site
61 FCA, FSCA
CySEC, SCB, FSCM
1.32 1.7 1.95 0.32 0.37 0.51 $3.50 151ms $0 69+ 30+ 30:1 200:1 Visit Site
 

What Are The Best Fixed Spread Forex Brokers?

Fixed spreads are set by the broker and don’t change regardless of market conditions or volatility. The benefit here is that you know what price you’re getting before you trade. Very few of our list of the most trusted forex brokers offer fixed spreads so we shortlisted below the forex brokers offering this feature.

1. AvaTrade Best Forex Broker With Fixed Spreads For Day Trading

AvaTrade

Forex Panel Score

64

Average Spread

EUR/USD = 0.9
GBP/USD = 1.5
AUD/USD = 1.1

Trading Platforms

MT4, MT5, AvaTradeGo, AvaOptions

Minimum Deposit

$100

Why We Recommend AvaTrade

At AvaTrade, we appreciate the predictability of trading costs with fixed spreads, a boon for day traders navigating market volatility. Surprisingly competitive at 0.9 pips on EUR/USD, these fixed spreads match up well against variable spreads from other brokers.

With MetaTrader 4, MetaTrader 5 for automation, AvaTradeGO platform for risk management and AvaOptions for Options trading, the assurance of fixed spreads enhances our trading confidence, ensuring we always know our spread before entering the market.

Pros & Cons

  • Low fixed spreads
  • Top risk management tools
  • Decent range of markets
  • Social trading available
  • High inactivity fees
  • Some products limited to AvaTradeGO platform
  • Lacks market research tools

Broker Details

Overall Best Forex Broker With Low Fixed Spreadsbest fixed spread brokerAvaTrade is one of the best forex brokers that operate as a market maker with tight spreads on a range of forex pairs. The broker follows a fixed spread, no commission fee pricing structure, and with all compensation for AvaTrade’s brokerage services included in the fixed spreads.

AvaTrade Low Spreads Trading Platform Fixed Spread Brokers

Unlike ECN brokers that use multiple external liquidity providers to fill orders and set bid-ask prices, AvaTrade is a market maker broker. This means they use their own internal liquidity to fill orders while setting their own fixed bid-ask prices.

  • Market maker brokers process your trades through a dealing desk, they set their own bid-ask prices and use their own liquidity to fill your orders.
  • ECN or STP brokers execute orders with no dealing desk (NDD) intervention and fill your orders using external liquidity providers. NDD brokers pass on bid-ask prices,  determined by multiple liquidity sources.

When trading CFDs and forex with AvaTrade, you can only sign up to fixed spread account types. While floating spreads fluctuate with changing market conditions, AvaTrade’s fixed spreads will remain the same, regardless of the forex markets current volatility and liquidity.

As fixed spreads are stable, it makes it much easier to calculate the trading strategies potential profit and losses. Therefore, if you are a beginner trader with little trading experience, trading fixed spreads provide a soft entry into forex markets.

Low Fixed Spreads

The table below compared AvaTrade’s fixed spreads to other forex broker’s fixed spreads. Across the board, AvaTrade provides you access to tight spreads and the most competitive pricing overall. For instance, when trading forex with AvaTrade major currency pairs like the  EURUSD  average 0.90 pips, AUD/USD 1.10 pips and the EUR/GBP 1.50 pips, much lower than competing brokers average up to 3.0-4.0 pips.

 

Top Fixed Spread Brokers
0.90 1.10 1.50 1.80 1.50
0.70 1.20 1.50 1.80 1.30
4.00 4.00 3.00 5.00 5.00
3.00 3.00 3.00 3.00 3.00
1.94 2.36 2.11 2.24 2.05

Avg. spreads are taken from each broker's website and updated monthly. Last update on 02/01/2024

 

Compare All Pepperstone Spreads

 

As well as forex markets, AvaTrade provides you access to a diverse selection of CFD products. Over 250 financial instruments are available to trade, derived from currency pairs, cryptocurrencies, commodities, indices and stocks. Forex traders can diversify their trading strategies, incorporating CFDs like Bitcoin or Gold.

Trading Platforms And Tools

You can choose between MetaTrader 4 (MT4), MetaTrader 5 (MT5) or AvaTrade’s proprietary trading platforms. Each option provides different market access and trading tools. For example, MetaTrader 4 and MetaTrader 5 offer unique algorithmic trading features where you can write and execute trading robots, known as Expert Advisors. On the other hand, the broker’s web trader platform comes with inbuilt Trading Central technical analysis and pattern recognition tools.

AvaTrade AvaTradeGO Trading Platform Fixed Spread Brokers

MT4 and MT5 are available as PC or Mac desktop and web trader platforms, as well as mobile trading apps. The proprietary platforms include a web trader platform and mobile apps. AvaTrade offers two types of trading apps for online trading, AvaOptions allows you to trade option and forex markets visually, while AvaTradeGO gives you access to all asset classes.

Whichever trading platform you use, you will be able to use the following features to help you develop strong trading strategies as well as set up and manage your account.

  • Excellent trading conditions with tight spreads and fast order execution.
  • Risk management tools such as stop loss and take profit order types.
  • Advanced charting tools to perform technical analysis.
  • An economic calendar for fundamental analysis.
  • Social-copy trading tools for each trading platform option.
  • Islamic trading accounts for forex traders that follow Sharia Law.
  • Customer support is available 24/5 via phone, live chat and email.

AvaTrade Benefits Trading Platform Fixed Spread Brokers

Social Trading Options

AvaTrade offers an excellent range of social trading tools. If you are a beginner trader, social trading with a fixed spread broker will give you a soft entry into the world of forex and CFD trading. Four different software options are available for social copy trading, including a proprietary AvaTrade account mirroring service known as AvaSocial.

  • AvaSocial: The broker’s proprietary social trading mobile app offered in partnership with Pelican Trading (FCA regulated). You can engage with the AvaTrade community, chat, share ideas and copy the trades of top performing forex traders.
  • DupliTrade: Compatible with MT4, where you can copy experienced traders’ signals (trading strategies).
  • ZuluTrade: An Trading Robots Australia where you can fully automate trading using the software account mirroring services.
  • MQL5 Signals: The account mirroring service is fully integrated into MT5, allowing you to follow and copy thousands of signals created by global providers.

AvaTrade AvaSocial Trading Platform Fixed Spread Brokers

Regulation

It is worth noting online trading comes with a high risk of losing money. Forex traders can use different tools like order types to help minimise losses, but signing up to a regulated broker and following risk warnings will help you steer clear of scams. AvaTrade is licensed as a financial services provider in seven major financial hubs around the world. The top-tier regulators ensure AvaTrade operates fairly and with transparency, with specific investor protections varying between jurisdictions.

  • Europe: Central Bank of Ireland (CBI).
  • Australia: Australian Securities and Investments Commission (ASIC).
  • Canada: Investment Industry Regulatory Organization of Canada (IIROC).
  • South Africa: Financial Sector Conduct Authority (FSCA).
  • Japan: Financial Services Agency (FSA) and the Financial Futures Association of Japan (FFAJ).
  • Middle East: Financial Regulatory Services Authority (FRSA) and Abu Dhabi Global Markets (ADGM).
  • Global: British Virgin Islands Financial Services Commission (BVI FSC).

AvaTrade Regulated Broker Trading Platform Fixed Spread Brokers

AvaTrade Overall

Overall, AvaTrade is the best-fixed spread broker for retail investor accounts. You gain access to a range of products for forex and CFD trading, along with various tools to help you develop trading strategies and manage risk. But most importantly, you can trade ultra-tight fixed spreads, much lower than competing forex brokers.

If you want to practice trading in a risk-free environment, demo accounts are available for each trading platform. If you are looking to open a trading account and get started, AvaTrade requires you to make a small initial minimum deposit of $100.

2. easyMarkets Top Broker With Risk Management Tools

easyMarkets

Forex Panel Score

48

Average Spread

EUR/USD = 0.8
GBP/USD = 1.4
AUD/USD = 1.5

Trading Platforms

MT4, MT5, TradingView, easyMarkets Trading

Minimum Deposit

$200

Why We Recommend easyMarkets

easyMarkets stands out for providing free guaranteed stop-loss orders with each trade, a feature for which other brokers typically charge a premium. Despite this, spreads are still low with EUR/USD being 0.8 pips. The platform further offers distinctive risk management tools like dealCancellation and Freeze rate.

We think all these tools make easyMarkets the top choice for safe trading for beginners and a good choice for scalpers since spreads are predictable.

Pros & Cons

  • Competitive fixed spreads
  • Free guaranteed stop-loss orders
  • Unique risk management tools
  • Great range of trading platforms
  • Can’t use free guaranteed stop loss on MT4
  • Customer service can be unhelpful
  • No copy trading features

Broker Details

Fixed Spread Broker With Risk Management Tools

easyMarkets is a fixed spread broker that offers unique trading tools to manage the high risk of forex and CFD trading. The broker operates as a market maker, and likewise to AvaTrade, completes the hedging of your position itself using a dealing desk.

easyMarkets Fixed Spread Brokers

To develop trading strategies and place orders, you can choose either MetaTrader 4 (MT4) or the broker’s proprietary online trading platform. While MT4 provides risk management tools like pending order types, easyMarkets proprietary software comes with premium features not available on MT4.

easyMarkets Platform Fixed Spread Brokers

Risk Management Tools

The easyMarkets trading platform offers exclusive risk management tools that can help you maximise your profits while minimising losses.

  • Free Guaranteed Stop-Loss Orders (GSLOs): While most brokers charge a fee for GSLOs, easyMarkets offers free premium order types. GSLOs enables you to set a price where you want your trade to be automatically closed if markets move in an unprofitable direction, with a guarantee of no slippage.
  • Free Take Profit Orders: The free premium order allows you to define a level of profit you are happy with, where your position will be automatically closed when markets reach a certain price.
  • dealCancellation: This gives you the option of cancelling an order within a 1, 3 or 6 hours. For a fee, you can reverse losing trades when market conditions move against you.
  • Freeze Rate: When trading, you can freeze a current market price, giving you time to perform your trade.
  • Negative Balance Protection (NBP): easyMarkets provides NBP to all retail investor accounts, regardless of where you live or the subsidiary you sign up to. NBP ensures your trading account will never drop below $0, as the policy automatically closes all your open positions if your balance enters a negative balance.

easyMarkets Platform Trading Tools Fixed Spread Brokers

Risk management tools can help you reduce a trading strategies risk, yet signing up to a tier-1 regulated broker protects you from unlawful brokerage services. easyMarkets operates two subsidiaries regulated by the following financial authority:

  • Europe: CySEC (Cyprus Securities and Exchange Commission)
  • Australia: ASIC (Australian Securities and Investments Commission)

Trading Accounts Types

You can choose between three commission-free account types, with easyMarkets offering discounted fixed spreads to active traders. VIP, Premium and Standard Accounts are available depending on the minimum deposit you make.

Standard Account holders can trade fixed spreads as low as 1.9 pips (EURUSD) after making a low minimum deposit of $25 (USD).
easyMarkets Account Types Fixed Spread Brokers
If you have a trading account balance of $2,000 (USD) you qualify for a Premium Account where you can trade discounted spreads of 1.4 pips. VIP Accounts require a higher minimum deposit of $10,000 (USD), yet you can trade fixed spreads as low as 0.9 pips.

easyMarkets Overall

If you are looking for a regulated broker that provides strong risk management tools, easyMarkets is a great option. You can use exclusive features such as free premium order types, dealCancellation and Freeze Rates to manage the high risk of trading while maximizing your returns.

3. FxPro Great Forex Broker With Fixed Spreads On MT4

FxPro

Forex Panel Score

61

Average Spread

EUR/USD = 0.2
GBP/USD = 0.2
AUD/USD = 0.5

Trading Platforms

MT4, MT5, cTrader, FxPro Trading Platform

Minimum Deposit

$0

Why We Recommend FxPro

In our evaluation, FxPro scored 61/100, excelling in overall trading experience, platform diversity, and market selection. Notably beneficial for MetaTrader 4 users, the broker provides valuable tools like the TradingCentral MT4 plugin and VPS services for enhanced automated trading.

While fixed spreads are confined to 10 major currency pairs in the MT4 Fixed account, FxPro stands out for those seeking both fixed and variable spreads. The flexibility to choose between instant and market execution on MT4, along with support for MT5, cTrader, and the FxPro trading platform, adds to its appeal.

Pros & Cons

  • Great choice of trading tools
  • No-commissions with fixed spreads
  • No minimum deposits
  • Instant or market execution
  • Inactivity fees
  • Spreads are higher compared to the industry
  • Fixed spreads only available on 10 FX pairs

Broker Details

The Broker With Low Spreads And Fast Execution

FxPro is a hybrid forex broker that utilises a mix of market maker and no dealing desk execution methods. The multi-regulated broker offers forex and CFD trading brokerage services to its international client base and spread betting service to UK traders.
FxPro Trading Conditions Fixed Spread Brokers
Trading Conditions

FxPro’s hybrid execution model allows for excellent trading conditions with fast order execution and minimal slippage.

Trades are executed at FxPro’s Equinix Data Centres in either Amsterdam or London, depending on the trading platform you are using. The broker’s cross-fibre connection with top-tier liquidity providers allows for ultra-fast execution speeds that average less than 11.06 ms.

FxPro Slippage Stats Fixed Spread Brokers

The broker’s deep liquidity and fast order processing meant last year 99.64% of orders received positive or no requotes, with FxPro executing 91% of trades with no slippage or at a better price.

Trading Account Types

You can choose from a range of account types that suit different styles and levels of trading experience. You can trade both fixed and variable spreads, using a mixture of trading platforms and execution methods.

Fixed Spread Account: Ideal if you are a beginner wanting a simple pricing structure for CFD trading.

  • MT4 with instant execution and fixed spreads.

After opening an MT4 account you can trade 7 major currency pairs with fixed spreads: EUR/GBP, EUR/JPY, EUR/USD, GBP/JPY, GBP/USD, USD/CAD and USD/JPY.

FxPro Currency Pairs Fixed Spread Brokers

Although you can trade a much greater selection of forex pairs and CFDs on MT4, only floating spreads will be available for these financial instruments.

Variable Spread Account Types: Better For Scalping, Algorithmic Trading And High-Volume CFD Trading.

  • MetaTrader 4 (MT4) with floating spreads and instant execution.
  • MT4, MetaTrader 5 (MT5) or cTrader with floating spreads and market execution.

To compare FxPro’s variable spreads with top ECN and STP broker’s like XTB, HotForex, Forex.com, City Index, FXTM and Alpari, you can find a full review of the lowest spreads here.
FxPro MT4 Fixed Spread Brokers
Spread Betting Account: The United Kingdom And Ireland Only

The Financial Conduct Authority (FCA) permits residents of the UK and Ireland to open a spread betting account. An alternative to CFD trading, spread betting provides tax benefits as your profits are not subject to Capital Gains Tax (CGT).

Trust And Safety

FxPro offers brokerage services through three different subsidiaries in the United Kingdom, South Africa, Europe and The Bahamas.

  • The Financial Conduct Authority, UK (FCA)
  • The South Africa Financial Sector Conduct Authority (FSCA)
  • The Cyprus Securities and Exchange Commission (CySEC)
  • The Securities Commission of The Bahamas (SCB)

FxPro Regulation Fixed Spread Brokers

FxPro Overall

The broker offers an account type for every level and style of trading experience. Fixed spreads are available on 7 major currency pairs through MetaTrader 4.

As well as trading forex, you can also sign up to a spread betting account (UK only), or trade floating spreads on hundreds of CFDs and forex pairs.

FxPro Forex Fixed Spread Brokers