Trading fees are some of the more important considerations when choosing a forex broker。Market makers and STP brokers may charge higher spreads but lower commission fees, while ECN brokers implement lower spreads and charge a certain amount of commission。

While ECN offers lower spreads than other brokers, not all brokers offer "pure" spreads.。This is not to say that they will mark high-end spreads, but that they may work with secondary aggregators or any other liquidity providers that are at the other end of the chain and offer competitive lower interest rates。

As a result, the ECN broker with the best raw spreads is likely to offer the most competitive pricing, as they typically build relationships with the deepest pool of liquidity。

1. IC Markets

IC Markets promotes raw spread accounts with fast order execution in an institutional-level trading environment。IC Market is an ECN broker that offers ECN model pricing that enables it to provide clients with low spreads。

The average spread of the EUR / USD pair is 0.10, the spread of other major currency pairs is 0 on average.20, while the spread of the EUR / GBP and AUD / JPY cross currency pair is about 0.40。Even foreign currencies such as USD / SGD have 0.Spread of 30。This broker is also one of the best brokers for gold spreads。

With these rates, it becomes the best original spread forex broker for day traders, scalpers and expert advisors。However, unlike the freely available forex demo account, the IC Markets raw spread account requires an initial deposit of at least $200 and charges 3 per lot..Commissions of around $50 (non-US dollar accounts may vary)。

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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 offering 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 client 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. Pepperstone

Pepperstone is not a true ECN broker, but can be classified as an ECN broker due to its no trading desk policy。

Pepperstone's EUR / USD average spread is 0.16, AUD / USD average spread of 0.27。The Melbourne-based broker's average USD / JPY spread even exceeds IC Markets (only 0.16 to 0.20 ）。The average spread of popular cross-currency pairs is still below 1 point, but the spread of exotic currency pairs is higher。

Pepperstone charges different commissions depending on your trading account currency。USD-based and AUD-based accounts will be charged 3 per side.$50 ($7 per round), while euro-based accounts charge only 2 per side.61 euros (5 per round.23 euros)。

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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 UK Forex Awards Best Forex ECN Broker, Best Forex Trading Support and Best Forex Trading Conditions by Compare Forex Brokers

With numerous awards, Pepperstone attracts more and more 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。

3. Admirals

Admirals was founded in 2001 and offers low-cost transactions through Metatrader4 and Metatrader5.。Although there is no ECN account, Admirals is considered an ECN broker because it can execute trades directly to international financial markets.。

The average spread of EUR / USD is 0.10, but the average spread of other currency pairs rose sharply。AUD / USD spread of 0.50, while currency pairs such as AUD / JPY have a spread of 1.10。

In particular, Admirals has a relatively low dollar account commission of 3 per side..00 dollars (6 per round.00 USD)。Owners of sterling and euro accounts have even lower fees, 2 each.00 pounds and 2.00 euros。

4. FXTM

FXTM is suitable for traders who prefer to have both high leverage and raw spreads.。FXTM uses the ECN / STP model to provide traders with direct access to liquidity providers and the interbank market。

The average spread of EUR / USD is only 0.40 points, while the average spread of AUD / USD is 0.70。Cross-currency spreads are usually slightly above 1..00。The average spread of exotic currency pairs is quite expensive, with USD / SGD as high as 3.00。

The Cyprus-based broker has a fixed commission fee of 4 per side for all accounts..$00 (8 per round.00 USD)。It's pretty cheap if you're looking for higher leverage。FXTM's cent account has a maximum leverage of 1: 25 to 1: 1000 and a standard account of up to 1: 200。

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Originally launched in 2011, FXTM's unique vision is to offer unparalleled superior trading conditions.。Opening an account with FXTM also gives you access to advanced education and advanced trading tools in the Forex industry。

FXTM is now registered with the UK Financial Conduct Authority with registration number 600475, the company is also regulated by the Cyprus Securities and Exchange Commission with CIF licence number 185 / 12 and licensed by the South African Financial Conduct Authority (FSCA) with FSP number 46614.。

FXTM has 1 million registered accounts and more traders join every day。The company continues to strive to improve its performance and has won many awards such as the World Finance Award for Best Trading Experience 2019, the International Finance Award for Best Online Forex Trading Company in Nigeria 2018, the Hexun 2018 Reputable Investor Education Forex Broker Award, Fxeye.Com 2018 China Foreign Exchange Brand Award, etc.。

As a responsible broker, FXTM determines leverage (expressed as a ratio of trade size relative to the trader's purchasing power) based on the trader's trading knowledge and experience level, and evaluates it through an appropriateness assessment. It also supports leveraged trades up to 1: 1000。

As for spreads, FXTM offers 0.The low spread from 1 o'clock, so traders can withdraw profits at the beginning of the trade。With headquarters in several countries, the company uses No Trading Desk (NDD) technology and works with reliable liquidity providers to deliver the best bid and ask prices.。

For beginners, there is an automated trading tool called algorithmic trading。Traders can develop their own trading strategies or adopt the strategies of other traders when trading at FXTM。In addition, the strategy is also applied to automated trading systems, such as smart trading systems, so that traders don't have to worry about losing opportunities without observing the market and still make profits。

Three types of ECN accounts using MT4 and MT5 trading platforms。There are also mobile and tablet app trading platforms。In addition to offering multiple account variants, FXTM also makes every effort to ensure that customers receive the excellent support they deserve, so that their trading experience is optimal and user-friendly。

FXTM also offers a variety of products, in addition to more than 50 foreign currencies, gold, silver, commodity futures (oil) CFDs, ETF CFDs and indices.。

The broker also provides education on basic concepts of the forex industry。Traders can read all the concepts offered in the form of e-books, video tutorials, articles, webinars and forex seminars。The FXTM website is available in 17 languages for traders to understand Forex。

Traders can also choose from a variety of payment methods, including credit cards (Visa, Mastercard, Maestro) and e-wallets (Neteller, Skrill, Western Union)。For withdrawal of funds, traders do not have to pay a fee of 2 hours to 2 days。Traders can ask further questions via live chat and contact the administrator via email, FXTM has a question and answer page on Forex trading。

How to query broker spreads？

When a broker calls itself an "ECN broker," there is often a marketing factor。Usually, advertisements are accompanied by items such as "spreads as low as 0" or "spreads from 0.1 "and other exaggerated statements。

To avoid such problems, you should focus on the "average spread" rather than the "lowest spread."。The average spread is a true measure of the spread between brokers, and the lowest spread is just the icing on the cake, which is the key for experienced scalpers to choose a broker。

Broker	EUR / USD average spread
	0.10 o'clock
	0.16 points
	0.10 o'clock
	0.40 points