Ranking the Top Low Spread Forex Brokers: Insights from BV Assessment

Spreads play a significant role in trading costs. While a spread of 0.5 points may appear small, it is the accumulation of these seemingly minor "price differences" that determines your earnings in forex trading. When combined with the leverage, spreads can have a substantial impact on the profitability of your trading strategy. As a result, forex traders are always on the lookout for platforms offering the best spreads.

So which platform offers the lowest spreads? Brokersview has conducted a review of the best low spread brokers and here are the findings.

(Note: This article does not rank brokers based on location, as the spreads across the three assessment locations are nearly identical. The data presented in this article is sourced from Singapore, with the unit of measurement being points.)

Ranking of the Best Spreads on EURUSD

NO.1: IC Markets, with the average spread in November of 0.8 and the maximum spread of 234.

NO.2: Tickmill, with the average spread for the month of 1.9 and the maximum spread of 100.

NO.3: VT Markets, with the average spread for the month of 2.9 and the maximum spread of 200.

Ranking of the Best Spreads on GBPUSD

NO.1: IC Markets, with the average spread of 1.4 and the maximum spread in November of 250.

NO.2: VT Markets, with the average spread of 4.5 and the maximum spread in November of 200.

NO.3: Tickmill, with the average spread for the month of 4.6 and the maximum spread of 200.

Ranking of the Best Spreads on XAUUSD

NO.1: IC Markets, with the average spread of 7.6 and the maximum spread of 90 in November.

NO.2: VT Markets, with the average spread of 8.5 and the maximum spread of 25.

NO.3: Tickmill, with the average spread of 10.7 and the maximum spread of 420.

Comprehensive review:

The review reveals that IC Markets, Tickmill, and VT Markets have shown excellent average spread performance across the three currency pairs. However, it is important to note that their spreads varied across different pairs. Additionally, platforms such as Exness, ACY Securities, and Decode Global have also demonstrated good average spread performance.

For those interested in using Brokersview's data as a basis for selecting a trading platform, it is recommended to visit the column "BV Assessment" for more comprehensive details.