10 Best Forex Traders In The World

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10 Best Forex Traders In The World – Inexperienced Forex traders often focus on commission when evaluating fees. But the difference is just as important, as this is an indirect fee charged on both buy and sell orders.

In this guide, we reveal the 10 best low spread brokers for 2023. Not only do we rank brokers based on average spreads, but also commissions, payment types, supported markets, leverage limits and much more .

10 Best Forex Traders In The World

10 Best Forex Traders In The World

Top 10 Low Spread Brokers Shortlisted The top 10 low spread brokers are listed below: eToro: eToro is the best overall broker for 2023. No commission is charged when trading forex, as eToro operates a spread-only model. EUR/USD averaged 1 pip. More than 50 major, minor and exotic currency pairs are supported. eToro is a regulated forex broker that also offers low spreads on stocks, ETFs, commodities, cryptocurrencies and indices. XTB: XTB is a regulated forex broker that supports 48 currency pairs. EUR/USD can be traded with a spread of 1.3 pips. No commission is charged and forex can be traded 24/5. XTB offers leverage up to 1:500 when trading major Forex pairs. Capital.com: This popular forex broker supports 125 currency pairs, including dozens of exotics. There are no commissions to pay and EUR/USD spreads start from 0.6 pips. Capital.com offers leverage up to 1:30 on major currency pairs. Traders can also speculate on cryptocurrencies, stocks, indices and other CFD assets. Trade Nation: Trade Nation is a global Forex broker that supports MT4. There are two types of accounts, each offering different fees. The Raw Spread account offers spreads from 0.0 pips and commissions of $3.50 per slide. The Standard Account offers 0% commission with variable spreads. Leverage up to 1:500 is available. AvaTrade: Trusted forex broker AvaTrade is regulated in nine different countries. Offers 0% commission trading on all supported markets, including Forex. Spreads start from 0.9 pips when trading EUR/USD. AvaTrade supports MT4 and MT5 – plus its own proprietary trading platform. Pepperstone: Pepperstone’s Razor account offers 0.0 pip distribution, plus commissions of $3.50 per lot traded. Alternatively, casual traders can opt for the Standard account, which offers 0% commission and spreads from 0.7 pips. There is no minimum deposit requirement at Pepperstone. Libertex: This regulated Forex broker offers EUR/USD spreads from just 0.2 pips. No commission is charged and the minimum deposit is only $10. Additionally, qualified traders can apply leverage of up to 1:999 on major currency pairs. Libertex also supports stocks, commodities and cryptocurrencies. Forex.com: Founded in 2001, Forex.com is an established online broker that supports over 80 currency pairs. Its Standard account offers 0% commission trading and EUR/USD spreads from 0.7 pips. Forex.com has its own trading platform, available via web browsers and a mobile app. MT5 is also supported. IG: This Forex broker will appeal to US clients who want to trade in a regulated environment. IG supports over 80 forex pairs and EUR/USD spreads start from 0.8 pips. In addition to fast execution speeds, IG is popular with technical traders. Its native trading suite offers technical indicators, signals, real-time charts and custom order types. Skilling: Skilling is a commission-free broker that offers EUR/USD spreads from 0.7 pips. Those on a premium account can lower their spreads to 0.1 pips, but will pay a $35 commission for every $1 million traded. Skilling offers retail clients up to 1:30 leverage when trading major Forex pairs. This low spread forex broker list covers the top 10 providers, which we review in the sections below. Best Low Spread Forex Brokers Reviewed Read on to find out what the best lowest spread Forex brokers have to offer in 2023. Our reviews not only cover spreads, but also other important metrics. For example, supported markets, minimum deposit requirements and regulations. 1. eToro – Best Overall Low Spread Broker for Beginners We found eToro to be the overall best low spread broker – especially for beginners. This popular online broker requires a minimum deposit of just $10 ($50 for non-US/UK customers). Traders can fund their eToro accounts with a debit/credit card, e-wallet or bank transfer. No fee is charged for deposits/withdrawals made in US dollars. While eToro accepts dozens of other currencies, a 0.5% transaction fee is charged. Once the account is funded, eToro traders have access to more than 50 Forex pairs. This includes a comprehensive mix of majors, minors and exotics. In terms of trading fees, eToro operates a forex spread only model. Spreads on EUR/USD start from 1 point. eToro offers leverage on all supported currency pairs. This is limited to 1:30. As a beginner-friendly Forex broker, eToro offers negative balance protection. This ensures that account balances never go below zero. eToro offers many trading tools that are suitable for beginners. This includes technical indicators, price charts and drawing tools. Additionally, the eToro copy trading tool allows users to passively buy and sell coins. Once you choose an experienced Forex trader to copy, every pair they trade will be replicated in the user’s eToro wallet. eToro also supports other asset classes. This includes commodities such as gold, silver, oil and natural gas. eToro traders can also invest in stocks and ETFs without paying any commission. Large-cap stocks like Apple and Amazon come with super low spreads. eToro is also one of the best crypto exchanges for beginners. It supports Bitcoin and top altcoins, such as BNB, Ethereum and Dogecoin. We also like eToro for its free demo account. There are no time limits and it comes pre-loaded with $100,000 in paper trading funds. Users can top up their eToro demo account at any time. In terms of security, eToro is a regulated online broker. It holds licenses with various bodies, including the FCA (UK), CySEC (Cyprus), ASIC (Australia) and FINRA (US). Overall, eToro is one of the best Forex brokers in the industry. Broker Min. EUR/USD Min. GBP/USD Spread eToro 1 pip 2 pips Pro One of the best low margin brokers for beginners Trade Forex only on spread basis (from 1 pip) More than 50 Forex pairs supported Minimum deposits start from $10 Adjusted by multiple licensing bodies Also supports stocks, ETFs, commodities, indices and cryptocurrencies Copy trading allows users to passively trade Forex Cons 0.5% deposit fee for non-USD payments Visit eToro 81% of investor accounts with few lose money when trading CFDs with this provider. 2. XTB – EUR/USD spread from 1.3 pips and 0% commission XTB is one of the best low spread brokers for day traders. Not only does it offer competitive spreads, but there are no commissions to pay. This is the case for all supported markets. EUR/USD, for example, starts from just 1.3 pips. Additionally, XTB is suitable for beginners as there is no minimum deposit requirement. It is important to note that XTB spreads are variable. This means that spreads will change throughout the day, depending on the wider trading commissions. For example, GBP/USD is currently trading with a 1.6 pips spread because the markets are closed. However, this has been reduced to 1.3 pips during standard market hours. XTB is also one of the best low spread brokers for getting high leverage limits. Qualified traders can buy and sell Forex pairs with leverage up to 1:500. This translates into a margin requirement of just 0.2%. In addition to Forex, XTB supports thousands of other financial instruments. This includes everything from stocks and indices to cryptocurrencies and commodities. XTB has its own native trading platform – xStation 5. This offers many advanced trading tools, including technical indicators. Broker Min. EUR/USD Min. GBP/USD Spread XTB 1.3 pips 1.3 pips Pro 0% commission on all supported markets EUR/USD positions start from 1.3 pips One of the best high leverage brokers (up to 1:500) No minimum deposit requirement Regulated in multiple jurisdictions Contra Variable spreads are wider outside standard market hours Visit XTB Forex and CFDs are leveraged products and may result in losses exceeding your deposits. Please make sure you fully understand all risks. 3. Capital.com – Forex trading with 0% commission on 125 currency pairs Capital.com is one of the best FX brokers for diversification. 125 forex pairs are supported, which is more than most brokers in the industry. This includes dozens of exotic pairs, which will appeal to high-risk traders. All markets supported by Capital.com can be traded with 0% commission. Moreover, spreads on EUR/USD start from just 0.6 pips. Spreads are variable so will change according to market conditions. Capital.com has its own online trading platform and a native app for iOS and Android. Its trading suite supports over 70 technical indicators, economic news, multi-chart switching and custom watch lists. Capital.com supports leverage up to 1:30 when trading major currency pairs. This is reduced to 1:20 when trading juveniles and exotics. Traders may want to start with the Capital.com demo account. It comes pre-loaded with $1,000 in virtual funds and tracks live market conditions. Real money accounts require a minimum deposit of only $20. Credit debit

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