Brokers with the lowest spreads are sought after by traders who are considered more profitable. Spread itself is defined as the difference between the buying price of a currency pair and the selling price of a currency pair in a trade.
A spread is a fee paid to a broker or broker to allow a trader to enter the currency trading market. The broker with the lowest spread is usually a popular position among traders.
Brokers with the lowest spreads are ideal for traders using scalping trading strategies. With this trading strategy, you can start and close multiple trades every day with low spreads and a total cost of up to 100 points.
In order to reduce the cost of foreign exchange operations, traders usually choose comparisons where low spreads are available. Well, here is a list of brokers with the lowest spreads commonly used by traders.
Choosing a low spread broker
There are several brokers with the lowest spreads that have zero spreads and are said to be suitable for trading scalping techniques.
1. FBS
The broker with the first lowest spread on this list, there is FBS. FBS is on the list of well-known scalping brokers in low spread countries, and is also globally recognized. Low spreads are also suitable for traders with zero spread accounts and unlimited accounts.
If you are the owner of an account with no spreads, you do not need to trade spreads. FBS offers a wide range of services related to non-proliferation accounts, including a minimum trading lot size of 0.01, enabling a variety of trading strategies, including EAs. Furthermore, STP is also very fast at 0.3 seconds.
CopyTrade, available from FBS, allows beginners to emulate the success of top traders in safe and flexible trading methods. Clients can use the easy-to-use mobile application to compare different types of trades, allocate funds and create their own trading portfolio on FBS.
2. Exness
Unlike previous brokers, Exness as a broker actually provides convenience in the form of zero spreads that are optimal for almost all available accounts. This means that Exness offers traders more account options and each account type features zero spreads.
Exness Zero's spreads are volatile, so if so, the variability of market prices will widen. Of course, beginners are encouraged to learn first.
3. OCTAFX
Like the Exness broker, OCTAFX also has the option to trade with small spreads starting from 0.4 pips. Today, OCTAFX is one of the most popular zero spread brokers with no fees.
This broker uses local bank BCA and provides deposit and withdrawal services through local banks.
Therefore, for traders who want to try trading with low spreads, opening an account with OCTAFX is the best option.
OctaFX is an offshore broker. OctaFX offers the top MT4, MT5 and cTrader foreign exchange trading platforms. OctaFX offers more than 25 foreign exchange currency pairs, cfd's, commodities, stocks, gold, silver, oil, bitcoin and other cryptocurrencies for personal investment and trading options.
4. XM
XM is included in the list of the best and most popular lowest spread brokers in Indonesia and the world. One of the advantages of XM for Indonesian traders is the zero point spread for zero account holders.
5. FXOpen UK
Similar to Exness, FXOpen UK also uses ECN accounts to provide zero spreads. Indeed, this service is not fixed, but the spreads provided apply to all currency pairs.
6. Tickmill (Overseas Broker)
Of course the name Tickmill has often been heard in the ears of Indonesian traders. Of course Tickmill is widely known and trusted by many services, one of which is zero point to zero.
Tickmill also provides all kinds of services needed for convenience. Of course, Tickmill is one of the well-known brokers used by Indonesian scalpers.
7. Instaforex
Instaforex is also a trading platform with low spreads. This broker provides Eurica accounts with Insta and Cent forms. This service allows Indonesian traders to trade with zero pips spreads.
8. Asia Trade
Prioritizing convenience, flexibility and mutual benefit. Adia Trade is one of only the best trading brokers in Indonesia. One of them is because trading here is quite cheap, which is 10 million rupiah.
Each package contains education about free foreign exchange education. Of course this is very useful for beginners.
Not as easy and effective as international brokers, but Asia Trade guarantees its trust because it is registered with BAPPEBTI.
9. MIFX
The reason why Monex Investindo is one of the best local forex brokers is because of the zero-based service it provides. Which in the end profit can be maximized with a small spread.
In addition, Monex Investindo also provides a free demo account for beginners to learn trading.
