Best Broker for Forex Scalping 2017 With Fixed Spreads

Spreads are one of the most important factors to consider when choosing a broker in the Forex market. In this list of the 27 best fixed spread Forex brokers to trade with, you will be able to trade with a fixed spread account to make your trading a lot more stable.

A spread, in simple terms, means the difference between the bid price and the ask price. There are two main types of spread offering, which is either the fixed spread or the variable spread or floating one.

The fixed spread is fixed to the particular charge made by the broker which remains the same under any market conditions, no matter how volatile a market might get. This make the trading environment a lot more stable and makes it easier to calculate the total trading cost.

This is list is not ranked in any particular order but is rather a comprehensive list of great brokers to choose from.

XM

XM Global was established in 2017 and is regulated by the International Financial Services Commission (IFSC/60/354/TS/19).

The platform boasts over 1.5 million clients with traders in 196 countries and they offer over 55 currency pairs for Forex trading.

More than 1000 financial instruments are offered. This includes Energies CFDs, Precious Metals CFDs, Commodities CFDs, Equity Indices CFDs, Stocks CFDs and Forex Trading

XM allows scalping and Trading during News Time.

XM provides the 2 trading platforms MetaTrader 4 and MetaTrader 5, which are accessible from both real and demo accounts. These are the most widely used platforms in trading.

As an NDD broker,XM does not restrict any trading methods on both trading platforms, MT4 and MT5.

They recently won the awards:

• Best FX Service Provider for 2021 awarded by City of Wealth Management Awards 2021
• Best Market Research and Education Global 2019 awarded by Capital Finance International Magazine
• Best FX Service Provider awarded by City of London Wealth Management Awards 2019
• Best Customer Service Global 2019 awarded by Capital Finance International Magazine

Features

• Allows scalping
• Used by over 70,000 traders
• Allows Hedging
• Offers Negative Balance protection

Pros and Cons

Pros	Cons
Low withdrawal fees	Inactivity fee
Easy and fast account opening	Average Forex fees
No withdrawal fee
Great educational tools and resources

GO Markets

Go Markets Pty Ltd was launched in 2006 and is an established Australian based and operated company (AFSL 254963).

GO Markets is one of the leading and trusted Australian regulated brokers, with offices in London, Taipei, Hong Kong and Melbourne.

Their friendly customer support team is available 24/5 to help with all your trading needs.

For fast execution, Go Markets servers are located in the Equinix LD4 data centres, which provides a low latency environment to execute trades.

All client funds are held in separate client trust accounts at top-tier AA-rated banks,

GO Markets currently offers more than 350 tradeable CFD instruments including Forex, Shares, Indices and Commodities and Cryptocurrencies.

Features

• Used by over 10,000 traders
• Offers negative balance protection
• Allows scalping
• Allows hedging
• Regulated by ASIC
• Offers STP

Pros and Cons

Pros	Cons
Highly regulated broker	Limited range of instruments
Great trading and analysis tools	Not available in the US
Ultra-fast trade executions	Only two account types available
Innovative technology	Clients from many jurisdictions not accepted

AvaTrade

AvaTrade is regulated by the Central Bank of Ireland, ASIC (Australia), FSCA (South Africa), FSA (Japan) and BVI (British Virgin Islands). AvaTrade have provided Forex trading services since 2006.

They have offices around the world, located in the British Virgin Islands, Ireland, Australia and Japan with sales offices in Milan, Mongolia, Beijing, Nigeria, Paris, Madrid, Santiago, and Johannesburg. Their headquarters are in Dublin, Ireland.

Since its creation in 2006, AvaTrade has become a large online trading platform with approximately 200,000 registered clients completing up to 2 million trades per month totalling approximately US Dollar 60 billion of trading volume.

AvaTrade is highly regulated and offers more than 250 instruments which include more than 60 currency pairs, cryptocurrencies, commodities, bonds, major stock indices, individual shares and ETFs.

Features

• Client funds are held in segregated accounts for increased security
• Competitive spreads offering
• Trading websites in more than 20 languages
• A range of automated trading platforms and EA compatibility
• Desktop, tablet, mobile and web-based trading with MetaTrader 4, MetaTrader 5 and AvaTradeGO

Pros and Cons

Pros	Cons
Easy and fast account opening	Limited research tools
Great educational tools	Poor support telephonically
No withdrawal fee	Administration fee
Free deposit and withdrawal options	Inactivity fee
Low trading fees	Offers only CFD's, Forex and Cryptocurrencies

 Exness

The Exness Group offers access to more than 120 financial instruments to trade across, which include Crypto, Forex, Stocks and Indices.

Exness was founded in 2008 in St. Petersburg, Russia and they offer 120 currency pairs to choose from In Forex.

Exness holds client funds in segregated accounts and provides clients with customer protection.

The broker's EEA registration, along with it being regulated and authorized by FCA and CySEC, makesExness a reputable and reliable broker.

The Exness Group's monthly trading volume is more than US Dollar 180 billion, as well as 15,000 new accounts are opened each month, with more than 80,000 active traders.

Deposits and withdrawals can be executed 24/7. If a deposit or withdrawal is not subject to instant execution, it will be processed within 24 hours.

They have licences from the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Authority (FSA) of Seychelles.

Their website is available in 23 different languages including English, Chinese, Russian, Vietnamese, Farsi, Hindi, Urdu, Tamil, Thai, Bengali, Indonesian, and Malay with 24/5 customer support in 13 languages.

Features

• Copy trading system
• Tight spreads
• No hidden commissions or fees
• Very cool user friendly and modern website
• Instant withdrawal of funds
• Tight spreads from 0.1 pips
• Client funds kept in segregated accounts

Pros and Cons

Pros	Cons
Customer support in many languages	Inactivity and withdrawal fees
Commission free trading	High CFD fees
Access to Forex ECN trading	Not available in the US
120 Currency pairs to trade from
Offshore regulation

HotForex

Founded in 2010,HotForex is regulated in one tier-1 jurisdictions and three tier-2 jurisdictions, making it a safe broker (average-risk) for Forex and CFDs trading.

HotForex has its headquarters in Cyprus with several global satellite offices in South Africa, Dubai and offshore entities in St Vincent and the Grenadines.

The company received the award for Business Excellence in 2015 and was listed as one of the Top 100 Companies by World Finance Magazine.

Users can access more than 150 trading instruments across Forex, Indices, Commodities, Bonds, Shares and Cryptocurrency CFDs over 6 core trading accounts.

Every account type with HotForex offers commission-free trading for Forex pairs.

Features

• Regulated by ASIC, CySEC, FCA
• Lots of premium MetaTrader tools offered
• Additional Civil Liability Insurance
• Known for great technology
• Numerous industry awards garnered
• Offers Negative Balance Protection

Pros and Cons

Pros	Cons
Fast, easy, fully digital account opening	Only Forex and CFD products
Low minimum deposit	Two of their entities are unregulated
Commission free accounts available	Only 56 shares available
Low Forex fees
Competitive spreads
Great range of markets

Alpari

Alpari was initially established in 1998 and then relaunched in 2014. It is based in Mauritius and regulated by the Financial Services Commission (FSC) of the Republic of Mauritius.

Alpari gives their traders access to more than 250 markets in Stocks, Forex, Metals, Indices and Cryptocurrencies.

They offer both the MetaTrader 4 and MetaTrader 5 platforms on Web, Mobile and Desktop formats.

Beginner traders, as well as experienced traders will work well with Alpari. It has demo accounts and great educational resources.

Alpari also boasts more than US Dollar 1.3 trillion in trading turnover per year.

Features

• Regulated by an offshore industry center (FSC Mauritius)
• Choice between ECN and market-maker execution models
• Maximum leverage as high as 1000 to 1
• Over 60 Forex currency pairs and crosses available for trading

Pros and Cons

Pros	Cons
Demo Accounts and Social Trading	Limited educational resources
Great copy trading broker	Lack of resource tools
Diverse selection of tradeable assets	High fees
Good support in over 30 languages	Withdrawal fees
Low minimum deposit

FP Markets

FP Markets is a trusted global CFD, founded in 2005 and regulated by the Australian Securities and Investments Commission (ASIC) and the Cypriot CySEC.

It offers traders access to CFDs across Forex, Commodities, Indices, Stocks and Cryptocurrencies on consistently tighter spreads in unparalleled trading conditions.

Traders can use the globally recognised MT4 and MT5 platforms, as well as over 50 currency pairs, gold, silver, CFDs, Indices, stocks and cryptos to trade with.

Features

• 50 plus currency pairings to trade
• ASIC & CySEC Regulated broker
• Offer Direct Markets Access (DMA)
• Leverage is 500:1 when trading currency
• Demo Account for beginning traders

Pros and Cons

Pros	Cons
Easy and fast account opening	Limited product portfolio
Low trading fees	High CFD fees
Fast execution of trades	High minimum deposit
Low Forex fees	High fee for international bank withdrawal
Good platform options

FXTM

FXTM is a licensed and well-regulated broker worldwide, from the UK, South Africa, Belize, Cyprus and Mauritius as examples.

The main entity ForexTime Ltd is regulated by CySEC of Cyprus, authorized by FSCA of South Africa and additional offshore authority FSC in Mauritius.

They also boast with an impressive list of awards.

FXTM was founded in 2012 by the Russian entrepreneur Andrey Dashin. They have offices in major countries like the United Kingdom, Poland, France, Italy, Spain, Germany, China, Turkey, South Korea, Thailand, India, Malaysia and Nigeria.

All central operations are directed from FXTM's five story tower located in Cyprus.

FXTM offers tight spreads, trading in all currency pairs as well as a wide range of other financial products and derivatives.

Features

• Spreads as low as 0.1 pip for a standard account and 0 pips for ECN based trading accounts
• Low stock index CFD fees
• Allows hedging
• Fast and easy account opening
• Great selection of educational tools

Pros and Cons

Pros	Cons
Low minimum deposit	Inactivity and withdrawal fees
Fantastic Customer Service	High CFD fees
Fast and easy account opening	Limited product portfolio
Well-regulated Broker
Very competitive Forex fees

eToro

eToro is a well-known fintech social trading broker, that was established in 2007 and based in Tel Aviv, Israel.

The company boasts one of the world's largest social trading and investment networks and comprises the following entities: eToro (Europe) Ltd., a financial services company authorised and regulated by the Cyprus Securities Exchange Commission (CySEC); eToro (UK) Ltd, a financial services company authorised and regulated by the Financial Conduct Authority (FCA) .

eToro made its name on its social investing platform that allows users to copy the trades of other investors.

In the eToro social community, traders can become "leaders" and earn from leading other traders that follow and copy their trades.

eToro is considered safe because its UK and Australian arms are regulated by top-tier financial authorities and it is a well-known fintech startup.

The firm started off as a broker that only offered Forex trading, but has since expanded its product offerings to include Cryptocurrencies, Commodities, Stocks and Market Indices and now boast more than 10 million users in 140 countries worldwide.

Features

• Free stock and ETF trading in Europe
• Offers access to 15 cryptocurrencies
• Premier Social trading/Copy trading platform and community
• Huge cryptocurrency offering
• Robust charting
• 10 million traders worldwide

Pros and Cons

Pros	Cons
Fully digital account opening	Withdrawing money is slow and costly
Low CFD fees	High Forex fees
No deposit fee	Only one account base currency used
Service is fast	Withdrawal fee
Low minimum initial deposit	No streaming news

XTB

XTB, founded in 2002, is an FCA regulated brand offering CFD and Forex trades. They offer a wide range of financial instruments through its standard and pro account types.

XTB has offices in more than 13 countries including Poland, the UK, France, Germany and Turkey, with their headquarters based in London and Warsaw.

They offer CFD, Crypto and Forex trading.

XTB offers traders two state-of-the-art trading platforms, MT4 and xStation. Both platforms allow scalping.

Features

• Offers Negative Balance Protection
• Fully digital account opening and trading
• Award winning platform
• Lots of educational materials offered
• Regulated by top-tier FCA

Pros and Cons

Pros	Cons
Easy and fast account opening	Limited product portfolio
Free and easy deposit and withdrawal	Poor email support
Low trading fees	High fee for stock CFD
No withdrawal fee
Low Forex and stock index CFD fees

OctaFx

OctaFx has the best trading conditions, which is one of the primary reasons why it has grown from strength to strength since its launch in 2011.

It is part of Octa Markets, which is based in Kingston and has a subsidiary in Cyprus namely Octa Markets Cyprus Ltd. They are based Jakarta, Indonesia with offices in St. Vincent and the Grenadines.

OctaFx is an (STP) ECN Forex broker which offers both the MetaTrader and cTrader platforms from where you can access all major currency pairs and commodities with a leverage of 1:500.

Initially OctaFx focused primarily on the Asian market and won several awards for their work in this region, but they have grown significantly and is now in more than 100 countries worldwide.

Features

• Over 300,000+ traders worldwide
• Extensive research and educational resources
• First time deposit match of 50%
• Unlimited demo account
• Spread offerings among the most competitive in the Forex industry.
• Great advanced technology

Pros and Cons

Pros	Cons
No commission deposits or withdrawals	Limited range of instruments
Free and easy deposit and withdrawal	No Forex educational tools
Multiple platforms to choose from	Doesn't offer VPS
Enhanced licensing with the addition of CySEC regulation
Low Forex and stock index CFD fees

Forex.com

Forex.com is the brand name of GAIN Capital and was established in 2001, which is a global FX and CFD brokerage firm and is listed on the New York Stock Exchange.

The company is regulated by several financial authorities which includes the top-tier Financial Conduct Authority (FCA) in the UK or the US Commodity Futures Trading Commission (CFTC).

Forex.com stands out as one of the top 3 Forex brokers. With some of the lowest commissions, and some of the most advanced research and trading tools in the markets, this is a great broker for both beginners and advanced traders.

Forex.com has won many awards. In 2021 it has earned Best in Class (top 7) awards for numerous categories including Education, Commissions & Fees, Offering of Investments, Professional Trading, Crypto Trading, Ease of Use and Overall.

They offer more than 4,500 CFD instruments to trade with. They also allow access to over 180 markets which include stocks, Forex pairs, Commodities, Indices and Cryptocurrencies.

Features

• Great mobile and desktop functionality
• TradingView charts built into platform
• Over 40,000 traders
• Regulated by several authorities
• Diverse technical research tools

Pros and Cons

Pros	Cons
Great variety of currency pairs	Limited product portfolio
Fast and easy account opening	High stock CFD fees
Fast execution of trades	Higher spreads than some brokers
Low Forex fees	No negative balance protection
No withdrawal fees	Inactivity fee

Plus500

Plus500 was founded in 2008 and is a CFD provider based in Israel. Plus500 offers a wide range of financial markets with relatively low spreads and no commissions.

They do not offer a lot of extra services but are solid in what they offer and are a no-frills CFD provider.

Plus500 offers over 2000 instruments, their platforms are both extremely easy to use and user-friendly, while offering advanced tools.

It has one of the highest rated CFD trading apps on Apple's App Store and Google Play. Powerful in its many advanced features. It also includes CFDs on popular financial instruments.

Plus500 is regulated by several international financial authorities, which include the UK's Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC).

The Plus500 platform is suitable for experienced traders only. Though Plus500 is a very user-friendly platform, CFDs are "complex financial products", thus the platform is not suitable for beginners/ un-experienced traders.

Features

• Offers Negative Balance Protection
• Guaranteed stop loss
• Offers access to over 2,000 trading instruments
• Very low spreads and commissions
• Low min deposit

Pros and Cons

Pros	Cons
Intuitive platform	Inactivity fee
No withdrawal fee	Minimal research tools
Low trading fees	Minimal educational resources
Highly regulated	Limited product portfolio
Very competitive pricing	Lack of platforms

FxPro

FxPro UK is a subsidiary of FxPro Group Limited and was founded in 2006. The company operates in 173 countries and has more than 870,000 client accounts.

They are regulated by the FCA and CySEC, and FSCA.

They offer incredible execution speeds. The average execution time is less than 11.06 milliseconds and it processes approximately 7 000 orders every second.

They hold an impressive award list including:

• 5-stars MetaTrader Broker 2019, ForexBrokers com
• Best in Class of Commissions & Fees, ForexBrokers com
• Best MetaTrader Broker 2019, ForexBrokers com
• Most Reliable Broker of the Year 2019, "International Investor" Magazine
• Best FX provider of the Year 2019, Online Personal Wealth Awards
• Best Tablet Application 2019, Online Personal Wealth Awards
• Best European Value Broker of the Year 2019, Global Forex Awards
• Best Global Forex Introducing Broker Programme 2019, Global Forex Awards
• Best European Forex Trading Platform 2019, Global Forex Awards

Features

• Good customer service with 24/7 Support
• Winner of Multiple awards
• No dealing desk and very fast execution of trade speeds
• Company capital in excess of 1 million British Pounds
• Incredibly fast execution speeds
• No dealing desk

Pros and Cons

Pros	Cons
Wide selection of market instruments	No investor protection
Segregated accounts	Doesn't offer its services in all countries
Highly regulated
Range of account types
Little to zero commissions charged

City Index

City Index was founded in 1983 and it is a global CFD and FX broker. They have more than 35 years of experience and is the brand name of GAIN Capital, which is listed on the New York Stock Exchange.

The company is regulated by top-tier financial authorities,such as the Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC) or Monetary Authority of Singapore (MAS).

They have more than 12 000 markets to choose from across Forex, Shares, Commodities and Indices.

City Index's educational resources are first grade. They use their own Trading Academy which provides a host of videos covering a lot of subjects as well as webinars.

They also offer in-depth market analysis and research covering all asset classes via articles and webinars. This makes their educational offering great for both the experienced and beginner trader.

Features

• 12,000+ instruments to trade
• Great research tools
• Top notch trading platform and multiple platforms.
• Great market analysis

Pros and Cons

Pros	Cons
Low fees for Forex and index CFD's	Limited product portfolio
Fast and smooth account opening	High CFD fees
No withdrawal fee	High minimum deposit
Diverse research tools	Inactivity fee
No deposit fee

Trading 212

Trading 212 is considered safe as it is regulated by the top-tier FCA.

Trading 212 was founded in 2006 and headquartered in London, UK but also has offices in China, Russia, Italy, Chile, Mexico, Argentina, Poland, Spain, Germany and more.

They are known for zero-commission stock trading service in the UK and Europe, and this unlocked trading for millions of people.

The account opening is fully online, straightforward, and quick. Trading 212's web and mobile trading platforms are easy to use and well-designed.

They offer trading in Cryptocurrencies, Indices, Currencies, Equities, Commodities and Stocks.

Trading 212 uses the best available technology to speed up the placing and execution of orders with proper connection to the most significant liquidity providers.

Features

• 40,000+ traders
• No commission on investing
• 3,000+ global stocks and ETF's
• Fractional Shares
• Unlimited instant trades

Pros and Cons

Pros	Cons
Demo accounts available	Doesn't allow scalping
Very low minimum deposit	Inactivity fee
Zero commissions	Short selling not allowed
Highly regulated by FCA and FSC	Limited research selection
	Not ASIC regulated

Swissquote

Swissquote Bank, established in 1996, is a Swiss Forex broker and a major European bank that is known to be very reliable.

It has two main trading arms, namely a Swiss unit for trading stocks, options, funds, and futures and a company in the UK for CFDs and Forex.

In Forex they have sixty currency pairs. They also have other financial instruments like Stocks, Energies and Commodities.

Swissquote offers client support in multiple languages such as English, German, French, Spanish and Chinese and in multiple channels such as Phone, Live Chat (for using Live Chat the client has to login to the broker's website) and Email.

They offer 3 different platforms to choose from and they are also optimized for mobile devices with Android, Windows and IOS mobile operating systems. The mobile versions of their platforms are fully functional.

Features

• Highly regulated by FCA
• Demo Account offered
• Boasts 330,000+ traders
• Allows scalping
• Allows hedging

Pros and Cons

Pros	Cons
No Inactivity fee	High trading fees
Low Forex fees	Not all research tools are free
Access to a great variety of markets	Platform can be confusing
Flexible trading platforms
Great market research tools

Easy Markets

Founded in 2001, Easy Markets is a platform which allows users to trade CFDs on Commodities, Forex, Shares, Indices and Cryptocurrency.

It is regulated for trading in CFD and Forex.

Easy Markets claim to fame is that of being a very beginner-friendly Forex broker and well known for its web-based service.

This has been designed with user experience in mind and is confirmed by a comprehensive offering of training and educational resources, as well as beginner-friendly features such as a low freeze rate and deal cancellation.

Easy Markets has much to offer information-wise, including a financial calendar and the latest news headlines (all experienced traders know that news stories can heavily affect trading).

These features can help to maximise profits and are important for real-time analysis.

Features

• Trading Central charting and signals
• Provides a financial calendar
• Offers a low Freeze rate
• Offers deal cancellation
• EasyTrade tool to set their risk limits, durations of trade and potential pay-outs
• Provides latest news headlines

Pros and Cons

Pros	Cons
Free guaranteed stop loss	Forex spreads start at 1 pip
Fixed spread account	No variable spread accounts
Commission free account	Platform can be confusing
Strict regulation	Deal cancellations not available on MT4
Negative Balance protection

FBS

FBS is an international broker with presence in more than 190 countries. 15 000 000 traders and 410 000 partners have chosen FBS as their preferred Forex company.

Specially for Muslim tradersswap-free accounts (also known as Islamic accounts) are provided, that do not contradict with the teachings of Islam.

FBS was founded in 2009, with its headquarters in Cyprus. They are under strict regulation from the IFSC and the CySEC.

FBS offers a great selection of account types, with some of the lowest capital requirements for their traders.

They also provide a wide selection of trading education videos and articles to help skill up any level trader.

FBS shows its excellence by winning over 40 prestigious awards, with some of the recent ones being:

• Best Forex Broker Vietnam, 2019
• Most Progressive Forex Broker Europe, 2019
• Best Forex Broker Asia, 2018
• Best broker in the Middle East, 2018
• Most Transparent Forex Broker, 2018
• Best Forex Trading Account, 2018
• Best Copy Trading Application Global, 2018

Features

• Low Spreads and comms (from 0 pips)
• Offers bonuses to new traders
• Over 14 000 000 traders and 370 000 partners
• Commissions covered by FBS
• Leverage of up to 1:3000

Pros and Cons

Pros	Cons
Low Deposit for account opening	Higher than normal spreads
Super-fast trade execution	Fees on both deposits and withdrawals
Free demo account
Highly responsive customer service

MarketsX

MarketsX was formerly known as Markets.com and was founded in 2008. Markets.com has done a rebranding in 2019 and the new brand for trading is MarketsX.

The company first launched as GFC Markets but was rebranded as Markets.com in 2010 after the merger between Safecap Investments LTD, the owner of GFC Markets, and TradeFX.

In 2015 it was rebranded again when Playtech PLC acquired the company to rename itself MarketsX.

The company underwent a massive restructuring in 2016, reducing its workforce and selling its binary options platform TopOption.

MarketsX is regulated by four major regulators, (the Cypriot CySEC, FSCA, ASIC and the UK FCA) under several different operating names.

They offer more than 2 200 assets covering Bonds, Commodities, Cryptocurrencies, Currencies, Stocks, Indices, ETFs and even IPOs from three trading platforms.

It allows traders to trade commission-free, with costs just related to spreads.

Features

• Good customer service with 24/7 Support
• Regulated by 4 major financial regulators
• They offer more than 70 global currency pairs to trade with
• No Forex trading commissions
• They offer more than 2,200 assets to trade with

Pros and Cons

Pros	Cons
Large range of trading instruments	Lack of telephone support
Fixed spreads	Low leverage
Commission free accounts	Lengthy processing of deposits and withdrawals
Low minimum deposit
Fast execution

XTB

XTB, founded in 2002, has offices in more than 13 countries including the UK, Poland, Germany, France and Turkey with headquarters based in London and Warsaw.

They offer CFD, Crypto and Forex trading.

The company offers a wide range of financial instruments through its standard and pro account types.

Features

• Award winning platform
• Lots of educational materials offered
• Regulated by top-tier FCA
• Fully digital account opening and trading
• Offers Negative Balance Protection

Pros and Cons

Pros	Cons
Easy and fast account opening	Limited product portfolio
Free and easy deposit and withdrawal	Poor email support
Low trading fees	High fee for stock CFD
No withdrawal fee
Low Forex and stock index CFD fees

RoboForex

RoboForex Group was founded in 2009 and is headquartered in Cyprus.  They have 800 000+  traders, from over 170 countries and offer more than 12 000 instruments for trading and 8 asset types.

From a marketing presence point of view, RoboForex currently serves as an Official Sponsor of "Starikovich-Heskes" team at the Dakar and Official Sponsor of Muay Thai fighter Andrei Kulebin.

Features

• Allows hedging
• 5 Account currencies
• Allows scalping
• Tight spreads from 0 pips
• Micro accounts available
• Offers STP

Pros and Cons

Pros	Cons
Fast order execution	No FCA regulated
Fully digital account opening	No fix spread accounts
Affiliate program with 50% profit sharing
Used by over 10,000 traders
8 asset classes

InstaForex

InstaForex boasts more than 7 million traders and are a great brokerage especially for beginner traders.

They are known to offer great bonus and promo campaigns.  They also offer a 40% bonus for every deposit and up to 100% for the initial deposit.

InstaForex offers a variety of platforms which are backed up by a good, user friendly mobile app as well as ForexCopy, the InstaForex social trading platform.

On ForexCopy successful and experienced traders can earn commissions by allowing others to copy their Forex trades.

InstaForex also offers a wide range of trading tools and in-house MT4 plugins such as Pattern Graphix and Superior Forex Desk.

Features

• More than 300 instruments
• PAMM system
• Free VPS
• Pattern Graphix
• Provides a financial calendar
• Trading Central charting and signals

Pros and Cons

Pros	Cons
Wide variety of platforms	Customer service is only during the work week
Lots of educational resources	Withdrawal commissions
Commission free account
Strict Regulation
Trading and Economic Calendar

Dukascopy

Dukascopy is a Swiss regulated Brokerage House that provides traders a host of great and unique offerings.

They offer a range of trading platforms and software including its proprietary JForex platform suite which has industry leading trading tools and market research and analysis.

Dukascopy cater for a number of different deposit and withdrawal payment options and trading accounts can be opened in the quite a few different currencies.

Features

• Variety of trading platforms available
• 500+ tradable products
• Highly regulated in multiple regions

Pros and Cons

Pros	Cons
Multiple currency accounts	High commissions
Expert news and analysis	Withdrawal fees
Great market research tools	Minimum deposit is high
Flexible trading platforms

HYCM

HYCM brings over 40 years of operations the company is well-established and highly trusted with 15 global awards under its belt.

HYCM provides research from Trading central which has an excellent track record with 30 million traders.

It offers a number of currency pairs for trading as well as a CFD's on indices, metals, energy products, commodities like cotton and sugar, and stocks and more…

Compared to competitors, HYCM also allows you to trade multiple markets through one integrated account.

HYCM allows traders, whether beginners or experience, a US Dollar 50,000 demo account. The funds, however, will only be active for two weeks.

This may be a real negative but on the other hand, they haven't placed a restriction on the number of demo accounts an individual trader can open.

Features

• 40 year reputation
• 30 million+ traders
• Great research provided with Trading Central
• Demo account with US Dollar 50,000 of funds to trade with

Pros and Cons

Pros	Cons
No ID verification to start trading	Only one platform available
Platform easy to use	Fixed spreads only
High speed trade execution
Wide range of trading instruments
No minimum deposit

GKFX Prime

GKFX Prime is a broker that believes more is more.  They offer a lot of tools and info for the Forex trader.

GKFX Prime is regulated by the British Virgin Islands' financial authority named Financial Services Commission (BVIFSC).

As standard GKFX Prime offer top quality customer service and enough information to keep traders well informed.

Demo accounts are backed by good educational tools and the demo account will not expire as long as you aren't inactive for more than 30 days.

Features

• PAMM Copy trading platform as well as social trading through Autotrade and Zulutrade
• Comprehensive trading analysis provided
• Platforms offered: MetaTrader 4 and MetaTrader 5 over web, mobile and desktop
• MAM account – multiple accounts through one interface
• Great multi-lingual customer support
• Over 400 financial products

Pros and Cons

Pros	Cons
Great customer support	Limited trading platforms
Comprehensive Market analysis
Great copy trade PAMM platform
Solid educational tools
Innovative technology

ETX Capital

Traders choose ETX Capital for its reputation built up over 50 years through its FCA-regulated offering.

Their customer service is excellent having finished Best in Class in the Customer Service category in 2021.

ETX also offers very good educational resources although their research offering is basic and could be improved.

Features

• Great educational materials
• Award winning technology
• Multi-lingual customer service

Pros and Cons

Pros	Cons
Great customer service	High trading fees
Very good educational tools	Basic research tools
Free multiple deposit options	Only CFD, Forex and Cryptocurrency
Free multiple withdrawal options
Flexible trading platforms

Easy and fast account opening

In conclusion

Spreads are one of the most important factors to consider when choosing a broker in the Forex market. Every currency pair you trade will have a spread, which is simply the cost of trading a security. Forex traders look for "tight" or "narrow" spreads.

Most of the time, Forex spreads are floating, which means they are influenced by market forces like supply, demand and newsworthy events as well as activity and volatility in the market.

With a floating spread, it is very difficult to determine how much you will pay for a currency pair, but generally, the more active the trading session the higher the spread.

When spreads are "tight" or "narrow," the cost of trading is relatively low.

But, because market conditions can change quickly, and often with no warning, there is never a guarantee that your spread will be desirable. For this reason, many traders prefer fixed spreads.

Fixed spreads guarantee that the spread is constant, regardless of market conditions. For this reason, fixed spreads do a much better job of protecting against the volatility that is often present in the Forex market.

According to research in South Africa, these 17 best fixed spread Forex brokers will help you protect against the volatility of the Forex Market through offering fixed spreads on your Forex trades.

Best Broker for Forex Scalping 2017 With Fixed Spreads

Source: https://forexsuggest.com/fixed-spread-forex-brokers/

Share this post