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Best Forex Broker Lowest Spread 2018 Update

When it comes to choosing forex brokers, there are many factors you need to look at. While most forex brokers do not charge any commissions for the services rendered to you, they make up for it through spreads. Here again, the actual spreads levied on you can vary, depending on the broker chosen by you. As a forex trader, your aim always has to be in buying at low rates and selling at high rates. This is why even half-a-pip can make a lot of difference to your chances.

To make easier for you, we have compiled a list of some the best forex brokers with low spreads.

1. XM
One of the finest online forex brokers available today, XM can help you trade not just in forex but also CFDs and commodities. Also, given that XM is registered with BaFin and FSA, you can be sure that your trading interests are protected by XM. Furthermore, the broker uses the Industry standard trading platform – Metatrader for providing all its services.






Pros:
  • It is extremely easy and convenient to deposit and withdraw funds with XM. Some of the options available are Skrill, Wire Transfer, WebMoney, Western Union, Credit Cards, etc.
  • While the leverage is up to 888:1, the trade execution efficiency is 99.35%
  • It doesn’t matter how big or small your trade orders are they’ll not get rejected by XM.
  • The broker provides excellent customer support through its multilingual website. Some of the supported languages are English, Russian, Chinese, German, French, Korean, Arabic, Japanese, and others.


100% SuperCharged BonusThis online forex behemoth is based in Mauritius and has been rated as one of the most promising brokers in Asia. Being regulated by the FSC or Financial Services Commission, it is easy to trust HotForex to deliver quality services to you whilst adhering to all the norms of the trading industry. HotForex has more than 8 different trading platforms to choose from. Therefore, you can be sure to have a platform with which you’ll feel comfortable with.


Pros:

  • Trading with HotForex is easy and hassle-free. This is because there is absolutely no installation or download associated in using its software. All you need is access to the internet.
  • A variety of trading account types is available with HotForex. For example, if you wish to trade with low volumes then there is Micro account available for you. Similarly, there’s a Premium account available if you want maximum trade size and so on.
  • HotForex doesn’t charge you any commissions. However, the spreads start from 0.2 pips for Currenex and VIP account holders. The spreads for other account types will start from 1 pip.


3. Markets.com
Markets.com is a Cyprus-based forex broker that is legally allowed to operate across the EU on account of it being registered with CySEC and MiFID. What is really remarkable with Markets.com is that it provides the award-winning services in more than 12 languages. The forex broker is also proud to have won important awards like London Investor Show Forex.

Pros:
  • Availability of different trading platforms like Metatrader 4, Markets Web Trader, Metatrader Multi-Terminal, Sirix Web Trader, and Markets MobileTrader.
  • Availability of dynamic trading accounts in the form of Classic, Standard, and Premium.
  • Customer support features of Markets.com are reliable, quick, and available to you 24/5 in multiple languages.
  • Bonuses up to $2000 are offered
  • Availability of extensive trading tools
See also: best cfd broker

4. Easy-markets
When you’re looking for a well-rounded forex broker, easy-forex easily ticks all your boxes. It’s simple and unassuming trading tools and features make it possible for you to take the advantage of world’s top markets. Also, in addition to being registered in EU, easy-forex is registered in many other countries so you can be sure of its services.







Pros:

  • Having been in the forex trading business for more than 10 years, easy-markets can be easily trusted for your trading requirements and ambitions. Also, in addition to being a leader in innovation, this forex broker does its business in a professional and ethical way.
  • Easy-markets is reliable and reputable given that it is controlled by many financial institutions across the world.
  • The stable and ever-reliable Metatrader 4 platform of easy-forex is available for trade 24/7.


5. Exness
Exness has been in the business of online forex trading since 2008. It is also a reputed and reliable online platform for those who wish to trade in shares and futures. One of the major reasons why Exness has been able to maintain a stable operation is constant development. Besides this, the broker has been quite creative in using the latest technologies available to the industry for its software. The delivery process of Exness too is quite remarkable, Read about the high leverage forex brokers.

Pros:

  • Opening a trading account with Exness with a low initial deposit is possible. When you open an account with the broker you stand to receive exclusive trading features and tools that you can use to improve your trading chances.
  • Availability of tight floating spreads on Forex Classic and Forex Mini accounts. You’re not required to pay an additional feel in trading through these accounts.
  • Exness makes use of a unique technology wherein you can withdraw funds automatically. In fact, nearly 98% of withdrawal transactions that happen on Exness are through this technology!


6. AvaTrade
AvaTrade has made rapid strides in the online trading industry since its founding in 2006. Today, it has emerged as one of the major players in the CFDs and forex market. One of the reasons why AvaTrade has been so successful in what it does is its dedication towards providing best-in-class and reliable online trading services to its clients. It is, therefore, not surprising to see AvaTrade making its presence felt in more than 150 countries, with over a couple of million trades being executed on a monthly basis.

Pros:

  • The commitment and dedication of AvaTrade are unquestionable given that its support staff is constantly trying to make the trading journey of its clients as smooth and comfortable as it can be. AvaTrade has a support center that function 24/7, dedicated managers to address concerns of all clients.
  • AvaTrade has always been known for its pricing transparency, helpful analysis reports, and advanced trading tools.
  • AvaTrade is regulated in many countries including the British Virgin Islands, Japan, Australia, and Europe.


7. OctaFX
If you’ve been looking for an online forex broker that is stable, unassuming and widely recognizable in the world, then your search will most likely end with OctaFX. Having been in the industry for a while now, OctaFX is now successfully providing its online forex services to clients based in over a hundred countries. Some of the major strengths of this forex broker have been its vast knowledge in the space of forex market and access to the latest technologies in the industry. All in all, traders can look forward to a smooth forex trading experience with OctaFX.

Pros:

  • OctaFX is known to provide service levels of high standards and maintains it under all conditions. Therefore, it doesn’t matter if you’re new to forex trading or an experienced trader, OctaFX provides a trading environment that is safe and convenient.
  • To make it easier for traders to get answers to their queries, OctaFX has made its website accessible in multiple languages including English, Chinese, Spanish, Malay, Indonesian, and others.
  • With just $5 in your account, you can start trading in the forex market through this forex broker. Furthermore, the trading leverage is up to 500:1 with minimum trade size being 1000.


8. Forex4you
The tendency of most traders to earn money with less capital instigated the opening of Forex4you, a company that is managed by E-Global Trade & Finance Group, Inc. Today, this British Virgin Islands-based forex broker has emerged as one of the leading players in the market that provide equal opportunities for all kinds of traders to make the most out of their trading endeavors. Even beginners can use Forex4you to trade in the forex markets with little or no market risks associated with them.

Pros:

  • Quality trading services are guaranteed with Forex4you and this you can be sure irrespective of the trading volumes executed.
  • Forex4you has different types of trading account types, which a majority of them appealing to both novice and experienced traders.
  • The Metatrader 4 platform that Forex4you uses lets you enjoy a host of useful features including Market Alerts, Advanced Charting Package, Trailing Stops, Automated Scripts, and others.

Comments

RISK:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

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1. XM
XM is a forex broker online trading service providing high quality and well regulated under reliable government authorities.
It offers exceptional market conditions, also offers tight spreads, welcome bonus, efficiency of transactions with 99.35 all transactions are completed in less than a second, more.






Islamic accounts available : YES
Regulated by: FCA (UK), Cysec, CNMV, FCA, Bafin, FSP
Min. deposit: $5
Minimum position size : 0.0001 lot
Leverage: 1:888
Spread : Fixed
Platforms: Metatrader 4
Office by : cyprus
Founded in : 2009
Payment options :paypal, skrill, wire transfer, credit and debit cards


2. Hotforex
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