The best standard account that provides low spreads
Standards usually have higher deposit requirements and are more "expensive" than other "low spread" accounts.。So, most novices will choose other low spread accounts, such as the original spread account。
There are many types of broker accounts, one of the most common is the standard account。Many traders tend to ignore it because it usually has higher deposit requirements and is more "expensive" than other "low spread" accounts.。So, most novices will choose other low spread accounts, such as the original spread account。
Currently, there are many brokers offering low spread standard accounts。Most of these accounts are suitable for popular trading platforms such as MT4 or MT5。
What is a standard account??
Standard accounts may be the best choice for experienced traders, this type of account is for more experienced traders, institutions and individuals, with a minimum of about $1,000 available.。Standard accounts typically offer a wider range of instruments, including stocks, currencies, commodities, indices and cryptocurrencies, with relatively high commissions due to the breadth of their markets。
Some standard accounts require a higher budget, so the risk may be too great for people who have little access to financial markets。Therefore, minimum deposit requirements are often set, which can be stressful for small traders。Still, even professional traders try to cut budgets from time to time。At this point, the low spread standard account comes in handy.。
Importance of Spread
Spreads affect losses and gains in trading。Low spreads have lower operating costs, while high spreads require traders to make more profits to cover costs。If you're a scalper, spread costs could eat into your gains。
However, in addition to spreads, you must also consider other criteria such as regulators, trading platforms, trading instruments, and other related features。
Here are some of the best brokers you can consider:
1. IC Markets
Standard account spreads for IC Markets from 0.Commissions as low as $0 per hand per side from 6 o'clock。IC Market offers MetaTrader and cTrader as trading platforms, but standard accounts are only available for MetaTrader。You can get up to 1: 500 leverage, a minimum deposit of $200, and trade 64 currency pairs and index CFDs。In addition, you can transfer money through multiple methods including Qiwi。
Not only that, IC Markets also offers raw spread accounts that can be used on MetaTrader and cTrader。Spread from 0.From 0: 00, commissions start at $6 per round ($7 for MetaTrader); the minimum deposit is $200 and the leverage ratio is 1: 500, similar to the standard account。IC Markets allows all trading methods in the original and standard accounts, scalping and hedging are not restricted。The spread applies to all instruments, including gold trading.。
IC Markets is a private company in International Capital Markets Pty Ltd..) an online forex brokerage company operated under。Traders under Australian jurisdiction offer trading services at IC Markets-AU, which is based in Australia and licensed by the Australian Securities and Investments Commission (ASIC).。
On the other hand, non-Australian traders who open accounts with the broker are registered under the Seychelles-based IC Markets SEY and are regulated by the Seychelles Financial Services Authority (SFSA).。This dual operation is the result of the Australian Securities and Investments Commission's relatively new rules, which prohibit its regulated brokers from providing trading services outside Australia.。
IC Markets is classified as an ECN broker offering clients MetaTrader 4, MetaTrader 5 and cTrader as platform trading options。The broker also follows market trends with cryptocurrencies as one of its products, enriching its already wide selection of trading assets, including currencies, indices, metals, energy, software, stocks and bonds.。
IC Markets "minimum deposits are at a moderate level compared to other ASIC-regulated brokers, as each customer has a deposit of $200.。Market analysis materials are also regularly prepared for trading insights on the official website of IC Markets, proving their ability to provide traders with important content created specifically for the market experts they work for.。
For payment methods, IC Markets allows financing and withdrawals via wire transfers, credit cards, PayPal, Skrill, Neteller, FasaPay, UnionPay, and BitPay's Bitcoin。The more interesting aspect of the broker is its multiple base currencies, including the US dollar, Australian dollar, euro, British pound, Singapore dollar, New Zealand dollar, Japanese yen, Swiss franc, Hong Kong dollar and Canadian dollar。
Due to the trading technology of IC Markets equipped with highly centralized servers and extremely low latency (especially on cTrader), the broker is well known for its ability to host traders with special needs for high-frequency trading and order brushing。
In summary, IC Markets is the right destination for active traders looking for well-regulated brokers。IC Markets is also flexible in terms of base currency and payment methods, which demonstrates their commitment to welcoming traders from outside their home countries.。By the end of 2019, IC Markets was offering websites in 18 international languages, including English, Korean, Indonesian, French, Spanish, Italian, Malay, German and Chinese.。
2. Admirals
MT4 and MT5 platform spread from 0.5, can trade 39 currency pairs, 32 digital currency CFDs, 24 index futures CFDs, etc.。Except 0.No commissions outside of single stock and ETF CFDs starting at $02。The broker also supports one-click trading to make your trading easier。
3. Exness
Exness's standard account is commission-free and ideal for all traders including beginners。The spread of the account from 0.3, also offers the best spreads for gold trading。This account works with both MetaTrader 5 and MetaTrader 4。Exness standard account minimum deposit amount depends on the payment system, currently accept bank card, Bitcoin, Skrill, Neteller, Tether, WebMoney and other payment methods。
The choice of broker is adjusted according to the needs of each trader. If you only need the basic platform and trading functions with the best attributes, then Exness may be your best choice。
Exness with its 0 only.Advantages such as the low spread from 1 o'clock make up for the lack of changes in its functions, which is very suitable for traders using scalping strategies (Scalper)。Spreads for major currency pairs in some account types can also be as low as 0.0 point, depending on market conditions。
Not only that, traders can also enjoy other advantages such as automatic withdrawals。Exness will process most customer withdrawals immediately without manual inspection; however, depending on the payment provider or method selected, withdrawals may be restricted。
Exness is one of the STP / ECN brokers in Europe, and the safety of traders' funds is also guaranteed。Exness became the official partner of Real Madrid football team for 3 years from July 2017, which also proves that the company has a high degree of stability.。
Exness supports deposits and withdrawals 24 hours a day, 7 days a week。However, it should be noted that the Company does not assume any responsibility if there is a problem with the deposit or withdrawal due to the payment system.。
Traders don't need to worry about transaction fees when making deposits and withdrawals.。Exness does not charge traders any transaction fees, and the chosen payment provider may incur some fees。Exness offers traders a variety of payment methods, including wire transfers, bank cards, Neteller, Skrill and more。
Financial reports and metrics on the Exness website are audited quarterly by Deloitte, one of the world's top four accounting firms。
In addition, Exness is one of the most transparent brokers in the online trading industry, and traders can find all the information about the company on the website, such as trading volume, number of active customers, customer deposits, company funds, etc.。
Exness offers different platforms, including MetaTrader 4, MetaTrader 5, web and mobile platforms。This makes it easier for traders to trade on Exness because they can also access the Exness platform anytime, anywhere.。
Over the years, Exness has developed into a broker that attracts traders, who comply with financial regulations such as FCA and CySEC, further strengthening their trust.。
One measure of customer confidence is the volume of transactions。As of December 2018, the monthly trading volume of its clients reached $348.4 billion, with more than 50,342 active traders worldwide.。
With the programs offered by Exness, traders also have the opportunity to earn extra income by becoming their partner。By introducing the Broker (IB) program, partners can earn up to 33% spread commission from each new customer who registers。
Additional income from Exness Partners。Traders who register through the member link can earn up to 25% spread commission per trade.。
Customers can also use their free VPS hosting service when trading at Exness。VPS (Virtual Private Server) provides traders with greater reliability and stability because they can maintain their trading and expert advisors without interruption in the event of unexpected technical problems (such as Internet or power outages)。
In summary, Exness is a trader's favorite broker due to its low spreads and flexible account type, ideal for traders with limited funds but need more opportunities to maximize profits。The broker is also known for its maximum support for new and old partners.。
4. Pepperstone
Pepperstone is an ASIC-regulated broker that offers low spread standard accounts with a minimum spread of 0 for forex currency pairs..6。The broker uses multiple liquidity providers from Tier 1 banks and institutions to provide you with competitive quotes and deep liquidity across multiple instruments。This also allows them to provide accurate pricing and fast execution for all customers。However, depending on the instrument you trade, a commission may be charged。
Founded in 2010 by a team of experienced traders working together to improve online trading, Pepperstone is based in Melbourne, Australia and has grown into one of the world's largest forex brokers.。If a trader wants to find a broker that offers low spreads, fast execution and award-winning support, the answer is Pepperstone。
Pepperstone has strong legal safeguards as it is licensed by Australian regulators ASIC and FCA.。Traders "funds can be deposited into separate accounts at Australia's top banks, one of which is National Australia Bank (NAB).。Therefore, if a trader chooses to open an account in Pepperstone, the safety of funds is not an issue。
They successfully partnered with 23 top banks to bring bids to investors instantly via fiber optics, which enabled all orders to be executed 100% automatically with delays as low as zero..05 milliseconds, no need for trading desk intervention and re-quotation, and ultra-low transaction costs。
Pepperstone is trusted by more than 73,000 traders worldwide, processing an average of 125 per day..$500 million in trading volume and won awards for such things as:
2019 World's Best Forex ECN Broker and Best Forex Trading Support (Europe) Best Australian Broker and Best Trading Platform 2018 by Compare Forex Brokers 2018 UK Forex Awards Best Forex ECN Broker, Best Forex Trading Support and Best Forex Trading Conditions With numerous awards, Pepperstone attracts a growing number of traders from all over the world。Pepperstone's performance rose not only because of its ultra-low spreads and fast execution services, but also because many traders were keen to trade in currencies other than the US dollar.。
As a result, Pepperstone is one of the most responsive brokers to the market because it is willing to accept deposits in 10 currencies, including the Australian dollar, the US dollar, the euro, the Canadian dollar, the British pound, the Swiss franc, the Japanese yen, the New Zealand dollar, the Singapore dollar and the Hong Kong dollar.。
Pepperstone allows traders to choose between 11 trading platforms: MT4 Desktop, MT4 Mac, MT4 iPhone, MT4 Android, MT4 iPad / Tablet, MT5, WebTrader, cTrader WebTrader, cTrader cAlgo and cTrader Mobile。The choice of trading platform is very practical for novices because it executes quickly。
When trading Forex, traders can enjoy 0 on their Razor account.0 pip original spread, over 61 currency pairs, and commission-free account funds for various deposit options。In addition to currency pairs, Pepperstone offers several types of trading tools, including indices and stocks, commodities and cryptocurrency CFD。
Commodity trading tools are very diverse, not only metals, gold and silver, but also soft commodities such as cotton, sugar, coffee, cocoa and orange juice.。Pepperstone also offers energy (oil and gas) trading.。
Pepperstone offers two types of accounts, Razor accounts and Standard accounts。If you are a beginner, it is recommended to choose a EUR / USD average spread of 1.0-1.3 point and commission-free standard account。
Traders with specific trading styles (such as scalping traders and algorithmic traders) may enjoy the traditionally lower-cost setup of Razor accounts, with a trading commission of 7 Australian dollars and a trade of 100,000 US dollars per round..01 (micro) and 1: 400 leverage to start trading。
As Pepperstone customers, traders can deposit and withdraw money through Visa, Mastercard, POLi Internet Banking, Bank Transfer, BPay, PayPal, Neteller, Skrill and Union Pay。
If you are new to trading or want to practice your trading skills in a risk-free environment, you can create a demo account, but if you are experienced or prefer to learn by doing, Pepperstone offers live accounts that allow you to trade with real-time execution and pricing.。
Traders can also use third-party services to follow popular trader scenarios while learning how to improve their trading abilities。Pepperstone works with a range of social trading platforms for traders to choose from, such as Myfxbook, ZuluTrade, Mirror Trader, MetaTrader Signals and Duplitrade。
5. XM
XM has a minimum deposit of $5 and is probably one of the most affordable low spread standard accounts。The broker has spreads as low as 1 pip on all major trading instruments and allows hedging on its standard accounts。XM allows you to use more than 1,000 tradable instruments on MT4 / MT5, including forex, equity CFDs, indices, oil and gold, with leverage up to 888: 1。
XM was founded in 2009 as a company called Trading Point of Financial Instruments Ltd..A member of an online brokerage firm。To serve customers worldwide, the company has split into XM Australia and XM Global, as well as XM Cyprus。Each member has a different head office and license, XM Australia is registered under the Australian Securities and Investments Commission (reference number: 443670), XM Worldwide is registered under the International Financial Services Commission (60 / 354 / TS / 19), and XM Cyprus is registered under the Cyprus Securities and Exchange Commission (reference number: 120 / 10).。
XM is one of the more experienced brokers in today's online forex trading world。Since its inception, the broker has undergone many changes, including the addition of an ultra-low account and webinar function, which supports 19 different languages with 35 local instructors in each language。
In terms of trading instruments, XM is known for its diversity of asset providers, ranging from foreign exchange, commodities, CFDs for equity indices, precious metals, energy, to equities。XM prides itself on being the ideal broker to execute trades, providing a statistic that 99.35% of orders executed in less than a second。Trading at XM also offers a strict no-re-quote policy, no virtual trader plug-ins, no rejection of orders, real-time market execution, and the option for traders to place orders online or over the phone.。
In the Ultra-Low account, the spread of all major currency pairs can be as low as 0.6 points, while the spread of other accounts usually starts at 1 point。XM chose to limit their leverage to a scale of 1: 888, rather than offering a maximum leverage of 1: 500 or 1: 1000 (whole numbers), a unique number now widely recognized as a trademark of XM.。
To protect client funds in extremely volatile situations, XM offers negative balance protection for each type of account。Deposits for micro and standard accounts start at $5, while Ultra-Low accounts require a minimum deposit of $50。Traders who open an account at XM can get conditions similar to a penny account environment in a micro-account, where each lot has a contract size of only 1,000 units.。If you use the smallest number of lots on the MetaTrader platform, which is 0.01 lots, then the trader can trade only 10 units per trade。
For deposits, XM applies zero-fee deposits in most of its available payment methods。Traders can choose to deposit and withdraw money by wire transfer, credit card, and the most popular electronic payment options such as Skrill, Neteller, and FasaPay.。
XM also provides Islamic accounts for Muslim traders who comply with Sharia law that prohibits the use of interest-bearing overnight swaps for each currency pair.。In order to provide their customers with the best trading experience, XM has opened access to MT4 and MT5 platforms, each with more than 6 display formats (PC, Mac, Multiterminal, WebTrader, iPad, iPhone, Android and Android tablets).。
Overall, there is no doubt that XM has gone global, with its deep commitment to providing trading services on a global scale available in more than 15 languages.。In addition to simplifying the trader's experience through mainstream trading platforms and high-quality trade execution, XM is open to all types of traders, from small capital traders to more experienced traders who prepare large deposits.。Even a penny trading environment for traders if they choose to register under a micro account。
For their global approach, XM has ensured that traders from various countries can easily access their services.。This has resulted in different domain names for traders in specific jurisdictions。
6. FBS
FBS Standard Account gives you 0.Floating spread from 5 o'clock and leverage up to 1: 3000。The account does not charge any commission and is one of the best low spread standard accounts on the market。For $100, you can trade Forex, metals, energy and more。The account is available for MetaTrader 4 and MetaTrader 5, traders can also try the full functionality of the platform through a demo account。
Since 2009, FBS Holding Inc.(FBS) achievements in the field of foreign exchange transactions have been recognized by various international institutions.。As of 2019, the number of FBS clients reached 14 million, winning the most transparent Forex broker in 2018, the best investor education in 2017, the best customer service broker in Asia in 2016, the IB Forex program and many other titles.。
FBS is regulated by Belize IFSC and Cyprus CySEC。The broker is trusted by millions of traders and 370,000 partners from all countries.。According to the data, FBS has about 7,000 new trader and partner accounts every day.。And, 80% of customers will stay in FBS for a long time。
Trading products offered by FBS include Forex, CFD, Precious Metals and Equities。For Forex trading, CySEC-regulated FBS provides leverage of up to 1: 30 for cent accounts and standard accounts。Customers who want to try higher leverage can also register an account with FBS Belize。
In all types of accounts, the spread is from 1 point。Volume orders in standard accounts can be 0.01 to 500 lots, it is recommended that experienced traders use the account。
And on the cent account, bulk orders can be executed up to $500 breakups or the equivalent of 5 standard lots.。Cent accounts involve varying degrees of risk。FBS recommends cent accounts to beginners。All account types support the following trading instruments: 28 currency pairs and 2 metals。
Before entering the real Forex market, traders can practice using the FBS demo account, which is divided into two types, namely standard account and cent account。
Using the MetaTrader 4 and MetaTrader 5 platforms, FBS provides services on Windows and Mac, as well as Android and iOS mobile devices, providing traders with a trading experience at their fingertips, allowing traders to trade anytime, anywhere。
The MetaTrader platform also has a variety of key features, including the creation, purchase and use of Expert Advisors (EA) and scripts, one-click trading and embedded news, technical analysis tools, documentary other traders, hedging positions and VPS service support。
Another advantage of FBS is that customers who meet specific requirements receive a 100% deposit bonus and the deposit and withdrawal process is fast and convenient.。According to the customer, in addition to holidays, usually no more than 3-4 hours。
In order to increase the security of client funds, FBS also offers segregated accounts where 70 per cent of funds can be deposited with the client's bank; in addition, the margin is between 10 and 100 per cent.。If the trader loses funds in the course of trading but is insured, FBS will refund the trader's funds。
Traders have the opportunity to develop a side business when trading with FBS, i.e. as an economically recommended (IB) or affiliate。The commission provided by the FBS partner system is already at level 3, and traders can only earn additional income if they introduce new customers to FBS according to certain procedures。
Traders will also gain trading education experience at FBS。They have prepared a comprehensive foreign exchange course divided into 4 levels: beginner, beginner, intermediate and advanced。Traders can take courses that transform them from novice to professional, all materials are well structured。In addition, FBS offers a variety of forex analysis, webinars, forex news and daily market analysis that can be easily accessed on its website。
Traders can visit the official FBS website, which is available in multiple languages, including English, Dutch, Italian, French, Portuguese, Indonesian, Spanish, etc., and also provides live chat support 24 hours a day, 7 days a week。
In summary, FBS is a well-known broker among global retail traders。Due to flexible trading conditions, customers are able to use a variety of instruments for trading, low deposits, etc.。
7. XTB
The lowest point difference for XTB standard accounts is 0.You can also trade over 2,000 instruments including Forex, Commodities, Indices, Cryptocurrencies, Equity CFDs and ETF CFDs.。The maximum leverage is 1: 500, but it can be adjusted dynamically。XTB uses xStation as its primary trading platform, available on web, PC, mobile and tablet。Best of all, XTB standard accounts do not charge any commission。
With more than 15 years of experience, XTB (renamed X-Trade since 2009) is one of the world's largest brokers with offices in more than 10 countries including Belize, UK, Poland, Germany, Spain and France.。XTB Group is regulated by the world's largest regulatory bodies such as IFSC, FCA, KNF, CySEC。
As a regulated company, XTB keeps all of its retail clients' funds in completely separate accounts, meaning they are not intermingled with the broker's working capital, giving traders registered with XTB the confidence to trade their funds safely.。
XTB is committed to providing convenient transactions anytime, anywhere, and they have a mobile app xStation to realize this vision。Traders can access the financial markets at their fingertips and choose from over 1,500 CFD markets, including 48 currency pairs, cryptocurrencies, 20 indices, commodities (gold, oil, silver, etc.), stocks and 60 ETFs from around the world.。The app can be downloaded in Google Play and the App Store。
Traders can also access their platform via personal computers。XTB provides a web trading platform that can provide more advanced tools for more advanced traders. It is fully compatible with Chrome, Firefox, Safari and Opera web browsers, providing traders with fast and reliable trade execution speed。As a result, the platform successfully presented XYB with the Online Personal Wealth Award 2016 Best Trading Platform of the Year and other awards.。MetaTrader 4 can also be used when trading in XTB。
XTB charges fees for forex, index and commodity trading, with amounts varying according to account type。For example, in a professional account, a trader must pay 3 per lot for Forex.$5 commission to pay 0 per lot for equity CFDs and ETF CFDs.Commission of 08%。
CFDs are complex instruments and have a high risk of rapid losses due to leverage。When trading, customers must prepare strategies。According to XTB, 75% of retail investor accounts lose money when trading CFDs。Clients should therefore consider their level of understanding of CFD trading and their ability to take high risks。
Traders can grow their knowledge by joining XTB's Trading Academy program。There is a wealth of content designed to help traders, including video tutorials, trading courses, articles and more。Traders can choose a topic from different levels of education and improve their skills at all stages of the trading journey。
In addition, XTB deposits funds in a variety of ways, including bank transfers, credit cards (Mastercard, Maestro, Visa) and e-wallets (Skrill, Paysafe, Neteller, etc.)。However, some of these methods may incur additional fees, for example, when using the Neteller method, the trader must pay 1% of the amount of his deposit。
Traders can contact XTB's 24 / 7 customer support, who are always ready to answer all traders' questions and solve problems, whether via email, phone or live chat。
Overall, XTB is recommended as the ideal broker with a top regulatory and trading platform, and the educational function is also worth joining, as many traders are still perfecting their consistency and continue to understand the dynamics of the Forex market.。
Conclusion
Standard accounts are often overlooked by many traders, when in fact, such accounts have great potential, especially for those who are ready to increase their trading level。This account type also allows traders to use a wider range of tools。Fortunately, there are now many brokers offering low spread standard accounts.。Some of them may receive commissions, while others do not。Nevertheless, standard accounts are mainly aimed at experienced traders as they usually require a higher deposit fee。
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