‌ Forex Brokers With Lowest Fixed Spread

easyMarkets – 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.

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.

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: Gives you the option of cancelling 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.

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).

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.

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FxPro – Low Spreads and Fast Execution

FxPro is a hybrid forex broker that utilise 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.

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.

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.

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.

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 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.

View FxPro Review >>Visit FxPro >>

OctaFX – Best Micro Forex Trading Account with Fixed Spreads

OctaFX is a CFD and forex broker that offers multiple account types and trading platforms. When trading forex with the online broker, all fixed spreads are commission-free, with compensation for OctaFX’s brokerage services included in the spread.

You can choose between three account types that offer different spreads and trading conditions:

• MetaTrader 4 Micro Trading Account
• MetaTrader 5 Pro Account
• cTrader ECN Account

Although the broker offers an ECN pricing model with variable spreads on MT5 and cTrader, the MT4 Micro Account offers both floating and fixed spreads.

As an MT4 Micro Account holder with the USD as your base currency, you can trade 12 fx pairs and commodities with fixed spreads with no commission fees:

• EUR/USD
• USD/JPY
• GBP/USD
• NZD/USD
• AUD/USD
• USD/CHF
• EUR/JPY
• USD/CAD
• EUR/GBP
• GBP/JPY
• XAU/USD
• XAG/USD

MT4 Micro Trading Account features include:

• A low minimum deposit of 100 USD.
• Commission-free forex trading with average execution speeds of less than 0.1 second.
• Fixed spreads from 2 pips on 10 currency pairs and 2 precious metals.
• Floating spreads from 0.4 pips on 28 fx pairs, 2 energies, 3 cryptocurrencies, 4 indices, gold and silver.
• Demo accounts and Islamic accounts (swap-free).
• Hedging, scalping and Expert Advisors permitted.
• Small minimum trades sizes of 0.01 lots, no maximum volumes.
• USD or EUR as base currency options (USD required to trade fixed spreads).
• Demo accounts to practice trading strategies and build confidence in a risk-free environment.

If you are an existing OctaFX customer and want to active the fixed spread feature on MT4, you can contact the broker’s customer support team. If you are a new trader, you can select to trade fixed spreads when you create your trading account.

OctaFX Overall

The online broker is a good option if you are looking to trade both fixed and floating spreads from one trading platform and account. There are 12 different forex pairs and commodities you can trade fixed spreads as low as 2 pips, with no additional commission fees.