‌ Forex Brokers With Lowest Fixed Spread

To help you find the best fixed spread broker for forex trading, our team has compared the top brokers with fixed spreads based on the financial services they offer, such as the different currency pairs, CFDs, trading platforms, account types and fixed spreads available.

Justin Grossbard

Justin Grossbard has been investing for the past 20 years and writing for the past 10. He co-founded Compare Forex Brokers in 2014 after working with the foreign exchange trading industry for several years. He also founded a number of FinTech and digital startups including Innovate Online and SMS Comparison. Justin holds a Masters Degree and an Honours in Commerce from Monash University. He and his wife Paula live in Melbourne, Australia with his son and Siberian cat. In his spare time, he watches Australian Rules Football and invests on global markets.

Updated: 11/11/2020

What Changed?

Each month we update average spreads data published by the brokers the retail brokers lose %

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Best Fixed Spread Forex Brokers

Below are Compare Forex Brokers best brokers with non-variable spreads

AvaTrade – Overall best forex broker for fixed spreads
easyMarkets – Top broker with risk management tools
FxPro – Best forex broker with fast execution speeds.
OctaFX – Top micro account with fixed spreads.

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Regulations and Licenses

ASIC (Australia)

FCA (UK)

Central Bank of Ireland

MAS (Singapore)

CFTC (U.S.A)

FSCA (South Africa)

FINMA (Switzerland)

CYSEC (Cypus)

IIROC (Canada)

FMA (New Zealand)

Dubai (DFSA)

Abu Dhabi (ADGM) Regulated

BaFin (Germany)

Brokerage

EUR/USD Avg. Raw Spread

0.37

GBP/USD Avg. Raw Spread

1.02

AUD/USD Avg. Raw Spread

0.87

EUR/USD Standard Spread

1.30 Retail
0.90 Professional

1.2 (VIP)

1.58

EUR/USD Fixed Spreads

0.9

1.2

1.71

Commissions (USD Base)

USD$0.45 (cTrader)

Commission Rebates

Minimum Deposit

USD $100

USD $200

$500 Recommended

Swap Free Account

No Inactivity Fees

Funding Methods

No Funding Fees

Markets and Instruments

Currency Pairs

60+

70+

Cryptocurrency CFDs

11+

Index CFDs

15+

14+

24+

Share CFDs

99+

26+

150+

Commodities CFD

16+

12+

10+

Stockbroking

Retail Max. Leverage

400:1 (Intl)
30:1 (UK/Europe)

30:1 (Cysec)
400:1 (ASIC/International)

30:1 FXProGLobal Markets
500:1 FXPro Financial Services

Professional Leverage

400:1

500:1

Trading Platforms + Tools

MetaTrader 4 (MT4)

MetaTrader 5 (MT5)

cTrader

Proprietary Platform

Automated Trading

MetaTrader 4 only

Social + Copy Trading

Standard Stop Loss

Guaranteed Stop Loss

(available only where European regulation applies)

Guaranteed Neg Protection

(available only where European regulation applies)

ESMA regulated territories only

Demo Account

Unique Feature 1

Choice of social trading tools

Risk management leader
DealCancellation
Freeze rate

1,300,000 client accounts

Unique Feature 2

Sign on bonus available

Guaranteed negative balance protection
Fixed spreads

Avg execution time 11.06 ms

Overall

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AvaTrade – Overall Best Forex Broker with Low Fixed Spreads

AvaTrade is a market maker broker that offers the 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.

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 a forex markets current volatility and liquidity.

As fixed spreads are stable, it makes it much easier to calculate a 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.


0.90	1.10	1.50	1.80	1.60
1.20	1.50	2.00	2.20	1.70
4.00	4.00	3.00	5.00	5.00
3.00	3.00	3.00	3.00	3.00
1.60	1.70	1.70	1.80	1.80

Data taken from broker website. Accurate as at 02/11/2020

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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.

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 that is available 24/5 via phone, live chat and email.

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 automated trading platform where you can fully automate trading using the softwares 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.

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 (FSC).

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.

View AvaTrade Review >>Visit AvaTrade >>

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 enable 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 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.

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.

View easyMarkets Review >>Visit easyMarkets >>

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 will 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: 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
XUA/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 practise 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.

What are fixed spreads?

A spread is the difference between the bid-ask (buy and sell) prices offered by a broker. There are two types of forex spreads being fixed and variable spreads.

Fixed spreads do not move with market conditions and volatility, reducing risk and making it easier to determine potential gains from different trading strategies.

Variable spreads, on the other hand, fluctuate with market conditions and are constantly changing. Variable spreads are also known as floating spreads.

To find a broker with variable spreads, click here to read our review about the best forex brokers globally.

Which brokers have fixed spreads?

Fixed spreads are often offered by market maker brokers. To gain access to the best fixed spreads available, we recommend AvaTrade, easyMarkets and FxPro for forex trading.

Are fixed spreads better?

The decision to trade fixed or variable spreads depends on your level of trading experience. If you are a beginner trader wanting to build confidence, you can reduce the high risk of forex by trading fixed spreads. Fixed spreads make it easier to develop profitable trading strategies, as bid-ask prices are not constantly changing.

If you are an experienced trader wanting to execute scalping, day trading or Expert Advisor strategies, variable spreads, although riskier, may be more cost efficient and profitable.

Best Fixed Spread Broker Overall

AvaTrade is the best fixed spread broker overall, offering tight spreads as low as 0.90 pips with no commission fees, excellent trading platform options plus a diverse mix of trading tools. When trading fixed spreads with the online broker you can automate trading using algorithmic strategies known as Expert Advisors, or use the various social trading tools provided by AvaTrade.

Finally, a key reason AvaTrade is the best option for fixed spread forex trading is that the online broker operates seven subsidiaries around the world, each overseen by top-tier regulatory bodies such as ASIC in Australia and the FSCA in South Africa.

View AvaTrade Review >>Visit AvaTrade >>

About the author: Justin Grossbard