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
FX BROKER |
TRADING TERMS |
PLATFORMS & ASSETS |
ACCOUNT |
BROKERS INFO |
US TRADERS: NO ISLAMIC ACCOUNTS: YES EXECUTION: ECN/STP |
SPREADS EURUSD: 0.1 GBPUSD: 0.15 USDJPY: 0.15
COMMISSIONS: $4.0 / lot
SCALPING: YES AUTOMATED TRADING: YES FREE VPS: YES |
PLATFORMS: MetaTrader-4, MetaTrader-5, MT4 for iPhone and Android RStocksTrader PAMM: NO (social trading only) DEMO: YES FREE VPS: YES ASSETS:
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MIN. DEPOSIT: $10 for the MT4/MT5 account. FUND METHODS:
BONUS:
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KEY POINTS
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US TRADERS: NO ISLAMIC ACCOUNTS: NO EXECUTION: ECN/STP
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SPREADS EURUSD: 0.20 GBPUSD: 0.55 USDJPY: 0.33
COMMISSIONS: $7.0 / full traded lot
SCALPING: YES AUTOMATED TRADING: YES |
TRADE PLATFORMS □ MetaTrader4 □ MetaTrader5 □ WebTrader SCALPING: YES AUTO-TRADING: YES ASSETS:
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MIN. DEPOSIT: $200 for the MT4/MT5 account. FUND METHODS:
PROMOTIONS
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KEY POINTS
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US TRADERS: NO ISLAMIC ACCOUNTS: YES EXECUTION: ECN / STP |
SPREADS EURUSD: 0.2 GBPUSD: 0.4 USDJPY: 0.3
COMMISSIONS: $4.8 / full traded lot
SCALPING: YES AUTOMATED TRADING: YES FREE VPS: NO |
PLATFORMS: JavaTrader, JForex Automated, FIX/API PAMM: YES DEMO: YES ASSETS:
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MIN. DEPOSIT: $1,000 FUND METHODS:
REBATES: Currently, there is a cost-reduction plan for all traders. |
KEY POINTS
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US TRADERS: NO ISLAMIC ACCOUNTS: YES EXECUTION: ECN / STP |
SPREADS (Pro Account) EURUSD: 0.0 GBPUSD: 0.4 USDJPY: 0.2
COMMISSIONS: $7.0 / lot
SCALPING: YES AUTOMATED TRADING: YES FREE VPS: YES (20 lots per calendar month are required) |
PLATFORMS: MetaTrader-4, MT4 WebTrader PAMM: YES DEMO: YES AUTOCHARTIST: YES ASSETS:
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MIN. DEPOSIT: $10 for the Standard Account and $1,000 for the Pro Account The Pro Account offers significantly lower trading spreads. FUND METHODS:
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KEY POINTS
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COMPARE BROKERS: » DIRECTORY | » TRADE SPREADS | » FOREX SCALPING | » SWAP RATES | » FUNDS SAFETY
Calculating Trading Cost and Trading Spread
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 quoted 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 your overall trading cost will be about $15 per lot or else $15 per $100,000 transaction.
■ Forex Spreads Comparison
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