All traders in the foreign exchange market must face the spread, which is the difference between the bid price (the price at which the trader can sell the currency) and the ask price (the price at which the trader can buy the currency), and pay the spread as compensation to the broker when trading.。The broker does not charge a separate commission for each trade, but uses a spread, so the cost is automatically included in the buy and sell price of the currency pair you want to trade。

How to Find the Best Low Spread Broker？

First, make sure the broker is legitimate。Brokers can manipulate spreads without the client's consent, so it is important to find a reputable and reliable broker without any record of manipulating spreads。The best approach is to choose regulated brokers because they meet the strict requirements of regulators and are less manipulative。

The second is to compare the spreads of several brokers to find the best deal.。Some brokers even have zero spread accounts where there is no difference between the bid and ask prices, or where the spreads are extremely low。In this way, traders can more easily manage their own funds without worrying about transaction costs。

There are two types of spreads in foreign exchange trading, namely fixed spreads and floating spreads.。A fixed spread means that the amount is fixed and will not change regardless of market conditions。The advantage of fixed spreads is that transaction costs can be calculated in advance, making money management more stable, but it is worth noting that the amount of fixed spreads is usually higher than the amount of floating spreads.。

A floating spread is a spread whose amount varies with market fluctuations.。High volatility means higher spreads, so it can be difficult to accept at some point; for experienced traders, this option is more attractive because it can provide lower transaction costs。

IC Markets Spread

IC Markets, an Australian broker founded in 2007, is fully regulated by some of the top institutions including CySEC and ASIC.。IC Markets offers more than 3,000 tradable instruments, including forex currency pairs, stocks and cryptocurrencies。Traders can choose to use the MetaTrader or cTrader trading platforms or trade via Webtrader, desktop or mobile。

IC Markets offers three types of trading accounts, namely commission-free standard accounts, commission original spread accounts and cTrader original spread accounts。Minimum deposit is $200 and maximum leverage is 1: 500。There are no deposit and withdrawal fees, so you can inject and withdraw money at any time, and there are no deactivation fees or account fees。

In addition, the spread varies depending on the account you choose, and on the MetaTrader and cTrader original spread platforms, the spread can be as low as 0.0 point。According to the broker's website, the average EUR / USD spread of the original spread account is from 0.From 02: 00。Also, the average spread of the standard account is 0.62 points, quite competitive among other brokers in the market。As for commissions, IC Markets does not charge commissions for standard accounts, but charges 3 per lot per side for original spread accounts..$5 commission。

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IC Markets is a company in International Capital Markets Pty Ltd..Online Forex Brokerage Company operated under。Brokers under Australian jurisdiction offer trading services in IC Markets-AU, based in Australia and licensed by ASIC。

Non-Australian traders, on the other hand, are registered under the Seychelles-based IC Markets SEY and are regulated by the SFSA.。This dual operation is ASIC's new rule, which prohibits its regulated brokers from offering trading services outside Australia.。

IC Markets, known as ECN Broker, offers clients optional trading platforms such as MetaTrader 4, MetaTrader 5 and cTrader。The broker follows market trends and includes 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 has a medium minimum deposit of $200 compared to other ASIC regulated brokers。Market analysis materials are also regularly published on the official website of IC Markets, demonstrating its ability to provide traders with specialized market expert content。

For payment methods, IC Markets allows financing and withdrawals via wire transfers, credit cards, PayPal, Skrill, Neteller, FasaPay, UnionPay, and BitPay's Bitcoin。It also supports 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.。

Since IC Markets' trading technology is equipped with highly centralized servers and extremely low latency (especially on cTrader), the broker is widely known for its ability to host high-frequency trading and order brushing capabilities。

In summary, IC Markets is a well-regulated broker with flexible base currencies and payment methods, welcoming traders from outside the country.。By the end of 2019, IC Markets had 18 foreign language websites available, including English, Korean, Indonesian, French, Spanish, Italian, Malay, German and Chinese.

Exness Spread

Exness is a popular global broker since 2008。In addition to currencies, the broker offers other products such as precious metals, cryptocurrencies, stocks, bonds and indices.。The broker is one of the fastest growing South African Rand account brokers in South Africa and even won the prestigious SA Shares similar award in 2020.。

Exness not only provides safe and reliable brokerage services, but also provides comfortable trading conditions。First, there is no charge for deposits and withdrawals。In addition, there is no management fee and opening a new trading account is free。However, if a trader leaves an open position overnight, he may receive a swap, but may choose to extend the no-swap status。Also, if you live in a Muslim country, your account will be automatically swap-free。

In Exness, the spread is always floating。The amount depends on the tools and account you use。If you are using a standard account, the spread starts at 1 point and there is no commission。At the same time, if you use a zero account, you can get as low as 0 on the top 30 tools.Spread of 0 points, commission from 0 per lot.From $2。

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The choice of broker will change according to the needs of each trader. If you only need the basic platform and the best trading functions, then Exness is the best choice。

Exness with its 0 only.Advantages such as the low point difference from 1 o'clock make up for its lack of functions, which is very suitable for scalping traders。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, but withdrawals may be limited depending on the payment method。

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 the high stability of the company。

Exness supports deposits and withdrawals 24 hours a day, 7 days a week, but the company is not responsible for deposit and withdrawal problems due to payment system reasons.。

Exness does not charge traders any transaction fees, and certain payment methods 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, it is one of the most transparent brokers in the online trading industry, and traders can find all the company's information on the website, such as trading volume, number of active customers, customer deposits, company funds, etc.。

Exness offers a variety of trading platforms, including MetaTrader 4, MetaTrader 5, web and mobile platforms, and traders can access them anytime, anywhere。

Over the years, Exness has developed into a broker that attracts traders, complying with financial regulations such as FCA and CySEC, further strengthening traders "trust.。

Trading volume, one of the measures of client confidence, reached $348.4 billion in monthly trading volume for its clients as of December 2018, with more than 50,342 active traders worldwide.。

Traders also have the opportunity to earn extra income by becoming a partner through multiple programs offered by Exness。By introducing the Broker (IB) program, partners can earn up to 33% spread commission from each new customer who signs up.。

In addition, you can get additional income from Exness Partners, and traders who register through the member link can get up to 25% spread commission per trade.。

Customers can also use their free VPS hosting service when dealing with Exness。VPS (Virtual Private Server) provides traders with higher reliability and stability, and 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 for its low spreads and flexible account types, ideal for traders with limited funds but need more opportunities to maximize profits, and is also known for its maximum support for new and old partners.。

Is there a broker with a zero spread?？

In fact, only a few brokers actually offer zero accounts close to zero spread。But even so, you still need to pay a commission for each transaction, so there is no zero-cost transaction。You either choose to pay the spread, you choose to pay the commission, or you pay a little for both。

For example, both IC Markets and Exness offer near-zero spreads for commission-based accounts。You may notice that while the average spread is low, commissions are paid for each trade。

All brokers need to make money, so they will ask you to pay some fees in various ways。If they appear to offer a free service, there may be hidden fees。

Conclusion

In short, IC Markets has relatively low spreads compared to Exness, but both brokers usually offer excellent trading conditions and competitive fees。The two brokers are safe because they are fully regulated by several top financial authorities in different countries.。

Keep in mind that financial markets can be volatile and extremely difficult to predict, so make sure you are prepared to take risks。Choosing a broker with a low spread to reduce transaction costs is a good thing, but don't forget to consider other factors。For example, if you are new to Forex trading, you can look for brokers that offer low spreads and plenty of educational resources to help you improve your trading skills。