COMPARE FOREX TRADING SPREADS
ECN Forex Brokers and their Trading Spreads on three Majors (EURUSD, USDJPY and GBPUSD)
COMPARE: » DIRECTORY | » FOREX REBATES | » FOREX SCALPING | » SWAP RATES | » FUNDS SAFETY
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FX BROKER |
TRADING TERMS |
PLATFORMS / ASSETS |
ACCOUNT |
BROKER'S INFO |
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DUKASCOPY
US TRADERS: NO ISLAMIC ACCOUNTS: YES EXECUTION: ECN (SWFX) |
SPREADS EURUSD: 0.23 pip GBPUSD: 0.85 pip USDJPY: 0.35 pip COMMISSIONS: $4.8 / lot SCALPING: YES AUTOMATED TRADING: YES SLIPPAGE: 1.2 pip LEVERAGE: 1:300 |
PLATFORMS JForex, JavaTrader, WebTrader, FIX/API Mobile App for iPhone, iPad, and Android PAMM: YES DEMO: YES FREE VPS: NO ASSETS:
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MIN. DEPOSIT: $200 (Dukascopy Europe) $5,000 (Dukascopy Bank) DEPOSIT FUNDS:
BONUS: 10% Cash Bonus REBATES: 30% automatic rebate for the 1st month of trading (Rebate link is on the right)
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KEY POINTS
► 30% Rebate Link -for the 1st month of trading
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HOTFOREX
US TRADERS: NO ISLAMIC ACCOUNTS: YES EXECUTION: STP / ECN |
SPREADS EURUSD: 0.2 pip GBPUSD: 1.1 pip USDJPY: 0.6 pip COMMISSIONS: $10 / lot SCALPING: YES AUTOMATED TRADING: YES SLIPPAGE: 0.55 pip LEVERAGE: 1:1,000 FREE VPS: For deposits over $5,000 |
PLATFORMS: MetaTrader4, Sirix WebTrader, MAM Platform, Mobile Traders PAMM: YES (v2 PAMM) DEMO: YES FREE VPS: YES for Deposits over $5,000 ASSETS:
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MIN. DEPOSIT: $10 FUND METHODS:
BONUS: 100% Cash Bonus REBATES: $6.4 / lot via Forex-Rebates.com |
KEY POINTS
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IC MARKETS
US TRADERS: NO ISLAMIC ACCOUNTS: YES EXECUTION: ECN / STP
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SPREADS EURUSD: 0.1 GBPUSD: 0.3 USDJPY: 0.5 COMMISSIONS: $7.0 / lot SCALPING: YES AUTOMATED TRADING: YES SLIPPAGE: 2.0 pip LEVERAGE: 1:500 FREE VPS: YES (100 round turn lots per calendar month are required) |
PLATFORMS: MetaTrader-4, MetaTrader-5, MT4 for iPhone and Android, cTrader, Mobile cTrader cAlgo PAMM: YES DEMO: YES FREE VPS: YES (100 round turn lots per calendar month are required) ASSETS:
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MIN. DEPOSIT: $200 for MT4 account and $1,000 for cTrader account FUND METHODS:
BONUS: NO BONUS REBATES: $1.2 / lot via Forex-Rebates.com |
KEY POINTS
► Register a Demo Account with IC MARKETS ► Register a Real ECN Account with IC MARKETS
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GALLANT CAPITAL (GMCFX)
US TRADERS: NO ISLAMIC ACCOUNTS: YES EXECUTION: STP |
SPREADS EURUSD: 1.5 pip GBPUSD: 1.9 pip USDJPY: 1.9 pip COMMISSIONS: NO SCALPING: YES AUTOMATED TRADING: YES SLIPPAGE: 2.5 pip LEVERAGE: 1:400 FREE VPS: YES |
PLATFORMS: MetaTrader4, Signal Trader, MT4 Mobile PAMM: NO DEMO: YES FREE VPS: YES (balance over $500 and monthly volumes over 1 Lot) ASSETS:
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MIN. DEPOSIT: $250 FUND METHODS:
BONUS: 25% Credit Bonus REBATES: NO |
KEY POINTS
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COMPARE RATINGS: » OVERALL RATINGS | » TRADING STYLES | » TRADING EXPERIENCE
COMPARE BROKERS: » DIRECTORY | » TRADE SPREADS | » FOREX REBATES | » FOREX SCALPING | » SWAP RATES | » FUNDS SAFETY
What is Spread and How you Can Calculate your Trading Cost
The spread is the difference between buyers (bid price) and sellers (ask price). These two prices are always given together for any Forex pairs. The spread is measured in pips, and pip is the fourth decimal place in a quote price (1 pip equals 0.0001). In order to compare the trading cost of two Forex brokers, you should combine the cost of spread with the trading commissions charged. For example, if a broker charges 1 pip spread on EURUSD and $5.0 / full traded lot commissions then you overall trading cost will be about $15 per lot, or else $15 per $100,000 transaction.
■ Forex Spreads Comparison
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