So many wrong information and exaggerated advertisement…you wouldn’t know which one is the Best and how to compere them all.
We, Hercules Finance, have opened live accounts of each Forex broker’s lowest cost of trading account, and have made a Ranking of “tightest Forex brokers”.
The ranking here isn’t made according to their official websites, but according to their actual & real spread of MT4 account.
And of course, we haven’t forgotten hidden/extra trading commissions…
Hope this article helps your investment career at least a little.
No 1. The Lowest Cost FXOpen 0.1 – 0.6 pip (from $3 per 1 lot)
FXOpen strives to offer STP(Straight Through Processing) trading environment with the lowest trading cost in the market.
FXOpen offers the service with more convenient trading cost, as your account balance increases.
As you can in the below captured GIF, the spread of EUR/USD is often 0.1 pip. Adding the trading commission of $3 per round turn lot, the actual & real trading cost is only $4 per 1 round turn lot.
But please note that the above trading condition is available only if you deposit more than 250,000 USD.
For more information of FXOpen, please visit the page here.
No 2. HotForex 0.1 – 0.3 pip ($6 per 1 lot)
HotForex, is an European Mega-Forex broker with over 250,000 accounts opened. The broker strives to offer NDD trading environment, where no interference or price manipulation exist.
Through HotForex VIP account, the broker offers spread from 0.1 pip with only $6 per round turn lot commission.
And below spreads are the actual spread we have captured.
HotForex’s VIP account is available from 20000 USD of deposit.
The trading commission is a few dollars higher than FXOpen’s ECN account though, HotForex’s VIP account is very reachable for traders.
For more information of HotForex, please visit the page here.
No 3. FXPro 0.7 – 1.1 pip (No Commission)
FXPro is another Mega-Forex broker based in Europe. For over 10 years, the broker strives to offer STP(Straight through Processing) trading environment to retail traders.
FXPro’s pricing moves a bit strangely though, the minimum spread we have captured is 0.7 pip. The account doesn’t charge any extra trading commissions.
FXPro’s trading accounts are available from 500 USD, so the above trading condition is available with very small funds. Unlike FXOpen or HotForex, FXPro offers very reasonable and convenient service for retail traders.
But please be aware of that the liquidity of FXPro seems to be very thin, thus the market price(and the spread) jumps momentarily over 0.5 – 0.7 pips. This makes very difficult to trade with the tightest spread available.
For more information of FXPro, please visit the page here.
No 4. LQDFX 0.2 – 0.5 pip ($5 per 1 lot)
LQDFX is a STP Forex broker based in Marshall Island. The broker accepts US clients, that makes very attractive to US traders.
High Leverage, No Conflict Interest and Low Trading Cost are the 3 main advantages of this brokerage service.
For more information of LQDFX, please visit the page here.
No 5. FBS 0.8 – 1 pip (No Commission)
FBS an online Forex & CFD broker based in Belize and Russia. The broker offers:
- The highest leverage in the world 1:3000
- The highest amount of No Deposit Bonus 123 USD
- High % of Deposit Bonus 300%
FBS strives to be the best in the world, and the broker offers also very competitive spreads.
For more information of FBS, please visit the page here.
And here are the best 10 Forex brokers with lowest trading cost, following the above top 5.
No 6. TitanFX 0.1 – 0.2 pip ($7 per 1 lot)
No 7. LMFX 0.0 – 0.1 pip ($8 per 1 lot)
No 8. Atiora 0.1 – 0.3 pip ($8 per 1 lot)
No 9. XM 0.0 – 0.1 pip ($10 per 1 lot)
No 10. Tradeview 0.0 – 0.2 ($10 per 1 lot)