Having a grasp on what your costs are when entering a trade before entering can make an impact in the long run when trading Forex. The most preferred Best Forex Brokers With Fixed Spread Accounts are those with fixed spreads due to the traders valuing stable prices with clear transparency on fees.
Traders know what they’ll pay in spreads. Knowing what they will pay in spreads allows traders the freedom to have confidence in their strategies, manage risk, and avoid sudden costs during events with big news, or when the market becomes very volatile.
What is Forex Brokers?
Forex brokers allow traders access to the foreign exchange market (Forex). Forex brokers are the middlemen between retail or institutional traders and the interbank currency market by offering trading platforms and execution of orders.
They allow traders to speculate on the price of currency pairs and hedge. Most forex brokers make money through the spread and/or a commission on a trade. Forex brokers are typically regulated by the financial authorities of a country.
Why Use Forex Brokers With Fixed Spread Accounts?
Predictable Trading Costs: Spreads are unchanged in times of volatility so traders can plan out costs and risk management without any increases due to news trading or high volatility.
Better Budgeting for Beginners: Fixed spreads make trade planning a lot easier for novice traders as stable spreads make profit and loss calculations straightforward and reduces confusion from varying costs.
Protection During High Volatility: Fixed spreads give traders more reliability costs wise as they will not widen due to major economic events so traders can avoid fast moving markets without high costs.
Simplified Trading Strategy: No varying spreads make it a lot easier to test trading strategies and you don’t have to change your calculations in times of varying conditions.
Transparent Pricing Structure: Fixed spread brokers have a straightforward trading cost structure which enhances transparency and trust especially for traders that appreciate stable fee models.
Key Point & Best Forex Brokers With Fixed Spread Accounts List
- AvaTrade
- easyMarkets
- Trade Nation
- Markets.com
- HYCM
- FXTM (Fixed Account)
- XM (Fixed Account)
- OctaFX (Fixed Account)
- FBS (Fixed Account)
- Alpari (Fixed Account)
1. AvaTrade
AvaTrade is a fully regulated forex broker offering fixed spread trading.Getting started is simple by going to their website where there is a minimum deposit of one hundred dollars. Their trading platforms include MetaTrader 4, MetaTrader 5, AvaTradeGO, and WebTrader.
They allow their clients to trade in base currencies such as USD, EUR, Depending on your jurisdiction the leverage may go as high as 400 to 1.
This broker exposes clients to complete commodities, indices, and stocks, as well as bonds, in addition to a variety of forex pairings, and is a good fit for beginner traders, as well as those intending to trade for the long term.
AvaTrade – Quick Facts
| Feature | Details |
|---|---|
| Regulation | Central Bank of Ireland, ASIC, FSCA |
| Account Type | Fixed Spread Account |
| Platforms | MT4, MT5, AvaTradeGO, WebTrader |
| Minimum Deposit | $100 |
| Minimum Trade Size | 0.01 lot |
| Maximum Leverage | Up to 1:400 |
| Account Currencies | USD, EUR, GBP, AUD |
| Instruments | Forex, Stocks, Indices, Commodities, Crypto |
Pros and Cons of AvaTrade
Pros
- Spreads are fixed giving the trader full control over the trading expenses.
- From MT4 and MT5 to mobile apps, the platforms are highly versatile.
- Strong multi-jurisdictions regulations are in place to keep clients safe and build trust.
Cons
- Inactivity fees occur after long periods of not trading.
- There are not many available ECN-style accounts.
2. easyMarkets
easyMarkets is known for its 100% fixed spread model, even during major volatility. Regulated by CySEC and ASIC bears a major industry compliance. This broker supports MT4, MT5, and their own platform, easyMarkets.
Starting deposit is 25$, and the trader can open positions starting from 0.01 lots. Depending on regulation, the leverage goes up to 1:400. You can open an account and trade on different national currencies – USD, EUR, GBP, AUD, and etc.
easyMarkets trade Forex, indices, commodities, metals, cryptocurrencies, and shares, while also offering some exclusive features deal Cancellation and freeze rate.
easyMarkets – Quick Facts
| Feature | Details |
|---|---|
| Regulation | CySEC, ASIC |
| Account Type | Fixed Spread Account |
| Platforms | MT4, MT5, easyMarkets Platform |
| Minimum Deposit | $25 |
| Minimum Trade Size | 0.01 lot |
| Maximum Leverage | Up to 1:400 |
| Account Currencies | USD, EUR, GBP, AUD |
| Instruments | Forex, Indices, Commodities, Crypto, Shares |
Pros and Cons of easyMarkets
Pros
- The absence of variable spreads, or the presence of fixed spreads, is an advantage during volatile periods.
- A very small deposit to begin is incentivizing to starters and beginners.
- There are some unique and beneficial risk control tools available, such as dealCancellation.
Cons
- EasyMarkets does have less competitive spreads than those who utilize the variable spread.
- The charting on the site is not very advanced and is, in fact, somewhat limited.
3. Trade Nation
Trade Nation has the tightest fixed spreads on major Forex pairs. Trade Nation is regulated by FCA (UK), ASIC, FSCA, and SCB. Trade Nation traders have access to Trade Nation’s in-house platform, MT4, and TradingView.
The only requirement to start trading is a minimum deposit of approximately $250, and the minimum trade size is 0.01 lot. Depending on the region, leverage can be as high as 1:200. Base currencies include USD, GBP, and EUR, among others.
For cost and strategy oriented traders, Trade Nation’s trading of Forex, indices, commodities, and stocks is a perfect fit.
Trade Nation – Quick Facts
| Feature | Details |
|---|---|
| Regulation | FCA, ASIC, FSCA, SCB |
| Account Type | Fixed Spread Trading |
| Platforms | Trade Nation Platform, MT4, TradingView |
| Minimum Deposit | $250 |
| Minimum Trade Size | 0.01 lot |
| Maximum Leverage | Up to 1:200 |
| Account Currencies | USD, GBP, EUR |
| Instruments | Forex, Indices, Commodities, Stocks |
Pros and Cons of Trade Nation
Pros
- There is some very small fixed spread on the major currency pairs.
- They are regulated quite stringently by the FCA and ASIC.
- There is Integration with TradingView.
Cons
- They have a higher minimum deposit than many of their competitors.
- They have less of a range of crypto than many other places have.
4. Markets.com
Multi-Asset brokers like Markets.com are regulated by authorities like CySEC, FCA, ASIC, and FSCA. They offer fixed spreads on some instruments via MT4, MT5, and Market.com. The minimum deposit starts at just $100 and the minimum trade size is 0.01 of a lot.
Depending on the regulation, leverage is a maximum of 1:300. Account currencies include USD, EUR, and GBP. traders are able to trade Forex, various indices, stocks, commodities, ETFs, bonds, and crypto currencies supported by advanced analytics and tools to understand market sentiment.
Markets.com – Quick Facts
| Feature | Details |
|---|---|
| Regulation | CySEC, FCA, ASIC, FSCA |
| Account Type | Fixed Spread (Selected Markets) |
| Platforms | MT4, MT5, Markets.com Platform |
| Minimum Deposit | $100 |
| Minimum Trade Size | 0.01 lot |
| Maximum Leverage | Up to 1:300 |
| Account Currencies | USD, EUR, GBP |
| Instruments | Forex, Stocks, Indices, ETFs, Crypto |
Pros and Cons of Markets.com
Pros
- They are well-regulated in a number of different areas.
- They provide tools and advanced analytics which aid with market sentiment.
- Fixed spreads are available on some of their services.
Cons
- They don’t have fixed spreads available on all of the markets.
- The platform is quite complex and therefore may be difficult for some beginners to operate.
5. HYCM
HYCM is an old brokerage firm authorized by the FCA, and has regulations with CySEC, and CIMA. He set up the account with fixed spreads to ensure trading costs remain the same. HYCM utilizes the MT4 and MT5.
To open an account, a client has to deposit an amount of $100 and has to trade with a mini lot of 0.01. Depending on the regulations, the leverage a trader can use is 1:500.
The currencies accepted to open an account include USD, Euro, Great Britain, and a few more. The firm’s offerings are in Forex, commodities, indices, stock, and crypto, which works for new investors and seasoned market players.
HYCM – Quick Facts
| Feature | Details |
|---|---|
| Regulation | FCA, CySEC, CIMA |
| Account Type | Fixed Spread Account |
| Platforms | MT4, MT5 |
| Minimum Deposit | $100 |
| Minimum Trade Size | 0.01 lot |
| Maximum Leverage | Up to 1:500 |
| Account Currencies | USD, EUR, GBP |
| Instruments | Forex, Commodities, Indices, Stocks |
HYCM – Pros & Cons
Pros
- Old broker with strong FCA regulation.
- Stable fixed spread account good for cost control.
- Broker supports both MT4 and MT5.
Cons
- Selecting cryptocurrency is really limited.
- Could use more educational tools offered by competitors.
6. FXTM
FXTM has a Fixed Spread Account suitable for traders who like certainty with pricing. They are CySEC, FCA, and FSC Mauritius regulated. This broker provides MT4 and MT5. Minimum deposits are usually around $100, with a minimum trade size of 0.01 lots.
Depending on the regulation, the leverage is up to 1:1000. Account currencies are in USD, EUR, GBP, and NGN. There is great education and the instruments offered are Forex, metals, commodities, indices, stocks and CFDs.
FXTM – Quick Facts
| Feature | Details |
|---|---|
| Regulation | FCA, CySEC, FSC Mauritius |
| Account Type | Fixed Spread Account |
| Platforms | MT4, MT5 |
| Minimum Deposit | $100 |
| Minimum Trade Size | 0.01 lot |
| Maximum Leverage | Up to 1:1000 |
| Account Currencies | USD, EUR, GBP, NGN |
| Instruments | Forex, Metals, Indices, Stocks |
FXTM – Pros & Cons
Pros
- Allows for dedicated fixed spread account.
- Very high leverage available for flexible trading.
- Outstanding educational resources and market analysis.
Cons
- No fixed spread account for some locations.
- More expensive trading costs than ECN accounts.
7. XM
XM holds regulations from entities such as ASIC, CySEC, and others and offers fixed-spread accounts under specific conditions. There is also the option to trade from MetaTrader 4 and MetaTrader 5. An account can be opened with a minimum deposit of just 5, and the minimum trade size is from 0.01 lots.
Depending on the area, the leverage can be as high as 1:1000. Customers can choose to hold a balance in USD, EUR, GBP, JPY, etc. For a broker, the number of markets, currencies, and commodities available is high. Therefore, it is friendly to the beginners in the trade.
XM – Quick Facts
| Feature | Details |
|---|---|
| Regulation | ASIC, CySEC, FSC |
| Account Type | Fixed Account |
| Platforms | MT4, MT5 |
| Minimum Deposit | $5 |
| Minimum Trade Size | 0.01 lot |
| Maximum Leverage | Up to 1:1000 |
| Account Currencies | USD, EUR, GBP, JPY |
| Instruments | Forex, Commodities, Indices, Crypto |
XM – Pros & Cons
Pros
- Very beginner-friendly with low minimum deposit.
- Strong regulation and customer support globally.
- Fixed accounts available with micro-lot trading.
Cons
- Spreads become fixed and can widen during high volatility.
- True fixed spread accounts are limited.
8. OctaFX
OctaFX is regulated by SVGFSA and CySEC and offers fixed spread trading on specified accounts. It supports the trading platforms of MT4, MT5, and OctaTrader. The minimum deposit is mostly $25, and trading in micro-lots is permitted.
Depending on the jurisdiction, leverage can reach 1:500. The account can be in euros or dollars. Along with commission-free trading and online training, OctaFX provides Forex pairs, cryptocurrencies, indices, and commodities.
OctaFX – Quick Facts
| Feature | Details |
|---|---|
| Regulation | CySEC, SVGFSA |
| Account Type | Fixed Spread Account |
| Platforms | MT4, MT5, OctaTrader |
| Minimum Deposit | $25 |
| Minimum Trade Size | 0.01 lot |
| Maximum Leverage | Up to 1:500 |
| Account Currencies | USD, EUR |
| Instruments | Forex, Indices, Commodities, Crypto |
OctaFX – Pros & Cons
Pros
- No commission trading and low entry requirements.
- MT4, MT5, and OctaTrader are available for use.
- Educational content is good for novice traders.
Cons
- Limited account types for fixed spread trading.
- Regulatory coverage is better in some regions than others.
9. FBS
FBS has a Fixed Spread Account for stable cost trading and is regulated by CySEC and IFSC Belize. The broker is partnered with MetaTrader 4 and MetaTrader 5. The minimum deposit is typically $100; minimum trade size is 0.01 lot.
Leverage varies according to regulation, up to 1:3000. Account currencies are USD and EUR. FBS gives an opportunity to trade Forex, metals, energies, indices, and CFDs and is very popular with high-leverage traders.
FBS – Quick Facts
| Feature | Details |
|---|---|
| Regulation | CySEC, IFSC Belize |
| Account Type | Fixed Spread Account |
| Platforms | MT4, MT5 |
| Minimum Deposit | $100 |
| Minimum Trade Size | 0.01 lot |
| Maximum Leverage | Up to 1:3000 |
| Account Currencies | USD, EUR |
| Instruments | Forex, Metals, Energies, Indices |
FBS – Pros & Cons
Pros
- Incredibly high leverage options can be자가 없습니다.
- A fixed spread account is appropriate for trading costs and spread consistency.
- Account set up is hassle-free.
Cons
- Additional trading risk due to higher leverage.
- Entity-wise more differentiability in regulatory quality.
10. Alpari
Alpari is also a well-known forex broker with fixed spread accounts. What makes Alpari different is that it is regulated. It currently is under regulation of FSC Mauritius. Alpari also supports the well known MetaTrader 4 and MetaTrader 5 platforms.
The minimum starting deposit is $100. The starting trading lot is 0.01. The leverage can go as high as 1:1000, but that varies with your region.
Their base currencies are also kept to USD and EUR. Alpari also does trading in Forex, metals, commodities, indices, and also cryptos, making it a well rounded broker, especially for those who like to have predictable spreads and good leverage options.
Alpari – Quick Facts
| Feature | Details |
|---|---|
| Regulation | FSC Mauritius |
| Account Type | Fixed Spread Account |
| Platforms | MT4, MT5 |
| Minimum Deposit | $100 |
| Minimum Trade Size | 0.01 lot |
| Maximum Leverage | Up to 1:1000 |
| Account Currencies | USD, EUR |
| Instruments | Forex, Metals, Commodities, Crypto |
Alpari – Pros and Cons
Pros
- Renowned and historical brand in Forex with an international presence.
- Accounts with fixed spreads and varying leverage available.
- Too is MT4 and MT5 platforms which are used in the industry.
Cons
- There’s inadequate higher-tier regulatory supervision.
- Varies a lot across regions for customers in terms of the quality of support.
How Spreads Work?
When there are spreads, brokers sell an asset to traders at a higher price than the price at which they purchase the asset, thus benefiting from the markup.
Brokerages may call themselves “commission-free”; however, they most likely take a portion of each trade via a spread.
Some brokers take a commission and charge a spread, whereas other brokers have a commission and a zero or nearly zero spread and make money from other fees the platform charges.
Generally, traders seeking to minimize their expenses find reputable brokers who have the lowest possible commission and tightest spreads.
The spread is particular to forex trading most of the time. It is measured in “Percentage in Point” or pips which is the smallest value that an exchange rate is able to change in a forex market.
The pip is most often the 4th decimal place which is 0.0001, although, in some currency pairs, for instance, those that involve the Japanese Yen (JPY), it is the 2nd decimal place which is 0.01.
So, when the GBP/USD pair shows a bid price of 1.1935 and an ask price of 1.1934, there will be a spread of 1 pip in that currency pair.
Conclusion
It is beneficial for traders who appreciate cost transparency, risk control, and cost certainty to select the best Forex brokers with fixed spread accounts. Traders are protected from the risk of sudden cost increases in the short term.
The best brokers for fixed spread accounts are AvaTrade, easyMarkets, Trade Nation, Markets.com, HYCM, FXTM, XM, OctaFX, FBS, and Alpari. These brokers offer something for everyone, be it beginner-friendly low deposit accounts to specialized advanced trading platforms with high leverage.
Choosing one of these brokers is a question of which trading strategy is best, which regulation is preferred, and on which side of the risk line the trader is positioned. These accounts are best for Forex traders who are disciplined and are looking to trade in the long term.
FAQ
What is a fixed spread Forex account?
A fixed spread Forex account offers constant bid-ask spreads that do not change with market volatility, helping traders predict trading costs more accurately.
Who should use fixed spread Forex brokers?
Fixed spread brokers are ideal for beginners, swing traders, and news traders who prefer stable costs and want to avoid spread widening during volatile market conditions.
Are fixed spreads better than variable spreads?
Fixed spreads provide cost certainty, while variable spreads may be lower during calm markets. The best option depends on your trading style and risk management approach.
Do fixed spreads change during news events?
With most fixed spread brokers, spreads remain stable even during major news releases, although execution conditions may still vary depending on liquidity.
Are fixed spread accounts more expensive?
Fixed spreads are often slightly wider than variable spreads in normal conditions, but they can be cheaper overall during high volatility or news-driven markets.
