The world of forex trading offers a myriad of choices for traders, not only in terms of currency pairs but also in the selection of the right broker. Central to this decision is the understanding of spreads, a pivotal factor in determining the profitability of a trade. In this detailed analysis, we dive deep into a side-by-side comparison of the spreads offered by some of the industry’s leading brokers.
EightCap – Raw (ECN)
- AUDUSD: 0.588517
- EURUSD: 0.163967
- GBPAUD: 1.400753
- GBPCAD: 1.158481
- GBPCHF: 2.549436
- GBPUSD: 0.38765
- USDJPY: 0.293847
- XAUUSD: 0.126922
- BTCUSD: 17.279154
- US30: 1.603355
- US100: 1.400802
- US500: 0.535579
FPMarkets – Raw
- AUDUSD: 0.454024
- EURUSD: 0.124729
- GBPAUD: 1.026311
- GBPCAD: 1.422237
- GBPCHF: 1.444808
- GBPUSD: 0.414621
- USDJPY: 0.400135
- XAUUSD: 0.076103
- BTCUSD: 13.115041
- US30: 1.571576
- US100: 1.505636
- US500: 0.500505
Fusion Markets – Zero (ECN)
- AUDUSD: 0.02751
- EURUSD: 0.037437
- GBPAUD: 0.791902
- GBPCAD: 1.064876
- GBPCHF: 1.117155
- GBPUSD: 0.125702
- USDJPY: 0.106804
- XAUUSD: 0.113668
- BTCUSD: 25.778234
- US30: 1.538878
- US100: 0.800422
- US500: 0.312686
IC Markets Raw
- AUDUSD: 0.223085
- EURUSD: 0.130395
- GBPAUD: 1.451265
- GBPCAD: 1.525007
- GBPCHF: 1.537088
- GBPUSD: 0.371203
- USDJPY: 0.290467
- XAUUSD: 0.066815
- BTCUSD: 10.58936
- US30: 1.128534
- US100: 1.518697
- US500: 0.396785
Pepperstone Razor
- AUDUSD: 0.143095
- EURUSD: 0.060277
- GBPAUD: 1.984247
- GBPCAD: 2.139415
- GBPCHF: 2.40936
- GBPUSD: 0.366186
- USDJPY: 0.232764
- XAUUSD: 0.162809
- BTCUSD: 24.891153
- US30: 2.532114
- US100: 1.462581
- US500: 0.412027
TMGM Edge
- AUDUSD: 0.084173
- EURUSD: 0.028931
- GBPAUD: 1.542011
- GBPCAD: 1.441284
- GBPCHF: 1.716612
- GBPUSD: 0.29523
- USDJPY: 0.195216
- XAUUSD: 0.090131
- BTCUSD: 31.012474
- US30: 3.741327
- US100: 1.525471
- US500: 0.958107
Vantage – Raw
- AUDUSD: 0.887712
- EURUSD: 0.396058
- GBPAUD: 1.419881
- GBPCAD: 1.551657
- GBPCHF: 0.390712
- GBPUSD: 0.646201
- USDJPY: 0.714648
- XAUUSD: 0.10517
- BTCUSD: 12.010743
- US30: 2.498806
- US100: 1.374985
- US500: 0.360274
A Deeper Dive into Spread Analysis
The spread is the difference between the buy and sell price of a currency pair. This difference, although seemingly small, has a profound impact on a trader’s profit and loss. Here, in our exhaustive analysis, you can clearly see the disparities in spreads among the top brokers.
EightCap’s spreads on pairs like BTCUSD are notably higher compared to Fusion Markets. However, Fusion Markets offers exceptionally low spreads on popular pairs like EURUSD, making it an attractive option for those trading this pair frequently.
IC Markets and Pepperstone have been industry giants for a reason. Their consistent offerings across multiple pairs ensure that traders have a fair opportunity regardless of their chosen currency.
Lastly, TMGM Edge and Vantage present unique offerings. The former excels in its low spreads on pairs like AUDUSD, while the latter has a competitive edge on US100.
Conclusion
Choosing the right broker is as crucial as formulating your trading strategy. By understanding the nuances of spreads, traders can ensure they’re maximizing their potential profits and minimizing unnecessary costs. Always ensure to conduct thorough research and align your broker choice with your trading habits and preferences.
