Forex trading is a global phenomena which interests millions of people around the world.
With the many stay-at-home orders coming in most of the nations around the world between 2020 and 2021, online Forex trading has become even more popular than in the past, and brokers are now benefiting from it.
This article is then written as a small guide for both new and old school traders which are interested in low spread brokers for starting their journey in the best way possible with the best trading platforms available.
Because remember that a trading platform is for the trader what a boat is for a fisherman: it’s everything.
Our Top 2 Picks
When making our selection between the hundreds of names and brokerage services available on the net today, we wanted to stick with some important criteria. While checking the lowest spread brokers and their pips rate was for sure one of the priority, we did a prior selection before doing that.
In fact, the most important criteria has been to select regulated brokers only. Any other broker without a regulation and the proper licenses to prove it have been discarded even before analysing their offer.
You should never forget that non-regulated brokers are not bound by any regulation or regulatory entity watching their operation, so they are free of scamming people around or building fraudulent schemes.
FX Pro
FX Pro is a brokerage service born in the United Kingdom and with an outstanding reputation in the whole Forex trading community.
They are renowned today for their competitive spreads which can be low as zero pips when trading in certain FX pairs, while the average rate touches 0.45 pips for other currencies. This broker is also very recommended if you want a competitive fixed spread in case you need to actively scalping the market. You can open an account with them with just $100 of minimum deposit.
On the top of it, FX Pro is also one of the most advanced brokers in terms of trading platforms offered to the traders.
BASIC INFO
- Regulated by: FCA, MIFID-ESMA, FSCA, CYSEC, Offshore
- Trading Platforms Available: cTrader desktop, cTrader web, MT4 Desktop, MT4 Web, MT5 Desktop, MT5 Web, MAC Platforms
- Leverage: yes
- Minimum Deposit Required:$100
IC Markets
This major Australian broker active since 2007 has its main focus on Forex trading, and it was only natural that their offer would shift on getting the best spreads available.
IC Markets has been extremely regulated after more than a decade of service in the business, and is available in many countries around the world. Their services are available starting from a minimum deposit of $200 and it will allow you to trade not only in the Forex market with FX pairs, but also in shares, cryptos, indices and much more.
BASIC INFO:
- Regulated by: ASIC, CySEC, Offshore
- Trading Platforms Available: cTrader desktop, cTrader web, Mirror Trader, ZuluTrade, MT4 Desktop, MT4 Web, MT5 Desktop, MT5 Web
- Leverage: yes
- Minimum Deposit Required:$100
