Fixed Spread Forex Brokers
|Rank||Broker Name||Trust Score||Reviews|
|1||HotForex||94 / 100||HotForex Reviews|
|2||Plus500||99 / 100||Plus500 Reviews|
|3||InstaForex||80 / 100||InstaForex Reviews|
|4||HYCM||74 / 100||HYCM Reviews|
|5||AvaTrade||74 / 100||AvaTrade Reviews|
The above table contains the top ranked forex brokers in our database with fixed spreads.
What are fixed spreads?
Trading on a fixed spread account means that you will always pay the same spread for a currency pair no matter the time of day and regardless of current economic conditions. Some brokers offer fixed spreads on major pairs and some even may offer them on minor currency pairs.
This gives you the advantage of knowing that no matter when you find an opportunity to trade, you know what spreads you are going to pay.
On the other hand, you may also be paying more than what a variable spread client would be paying. It's very similar to home loans which in some countries can be taken as a fixed or variabe rate. Which is better for you depends on your trading style. Generally speaking, if you trade during high market volatility, you are better off using a fixed spread broker.
We have assessed the brokers in our database to score them in the following categories:
- Spreads - How low the spreads are for major currency pairs compared to other brokers
- Currency pairs - The number of currency pairs available to trade
- Minimum deposit - How much is required to open an account