Singapore Broker Review in May: Spread Competition, Who Wins?

Spread is the transaction fee for investors. Brokersview has selected 27 of the most popular foreign exchange brokers in the market to compare their spreads, helping you find the most suitable foreign exchange trading platform for you within 3 minutes.

Spread comparison evaluation method: Select data from May 1 to May 31, and evaluate the average spreads of EURUSD, GBPUSD and XAUUSD on 27 platforms.

The following is a comparison chart of spreads of 3 currency pairs provided by 27 brokers

(Unit: points)

NO.1: AUS Global, the average spreads of EURUSD, GBPUSD and XAUUSD are 2, 7.3 and 6.6 points respectively;

NO.2: EightCap, the average spreads of EURUSD, GBPUSD and XAUUSD are 10.9, 12.6 and 12.4 points respectively;

NO.3: VT Markets, the average spreads of EURUSD, GBPUSD and XAUUSD are 2.5, 2.9 and 7.2 points respectively.

Summary of EURUSD spreads in May

The following is a chart of the average spreads of EURUSD currency pairs of 27 brokers↓↓↓

Platforms with relatively stable average spreads include:

IC Markets, Tickmill, and AUS Global.

IC Markets' average spread for the month was 0.6, and the maximum spread was 242;

Tickmill's average spread for the month was 0.9, and the maximum spread was 213;

AUS Global's average spread for the month was 2, and the maximum spread was 128.

Platforms with the largest spreads include:

EC Markets, ACY Securities, and FxPro.

EC Markets' maximum spread for the month was 263, and the average spread was 10.9;

ACY Securities' maximum spread for the month was 262, and the average spread was 13.5;

FxPro's maximum spread for the month was 250, and the average spread was 16.8.

In this test of the average spreads of EURUSD in May, most platforms have experienced short-term spread expansion.

Summary of GBPUSD Spreads in May

The following is a chart of the average spreads of GBPUSD currency pairs of 27 brokers↓↓↓

Platforms with relatively stable average spreads include:

IC Markets, Tickmill, and VT Markets.

IC Markets' average spread for the month was 0.8, and the maximum spread was 250;

Tickmill's average spread for the month was 1.7, and the maximum spread was 299;

VT Markets' average spread for the month was 2.9, and the maximum spread was 174.

Platforms with the largest spreads include:

ACY Securities, Windsor Brokers, and TMGM.

ACY Securities' maximum spread for the month was 358, and the average spread was 14.7;

Windsor Brokers' maximum spread for the month was 337, and the average spread was 16.4;

TMGM's maximum spread for the month was 316, and the average spread was 18.1.

In the current GBPUSD average spread evaluation in May, most platforms have experienced short-term spread expansion.

XAUUSD Spread Summary in May

The following is a chart of the average spread of XAUUSD currency pairs on 27 platforms↓↓↓

Platforms with relatively stable average spreads include:

IC Markets, AUS Global, and VT Markets.

IC Markets' average spread for the month was 5.4, with a maximum spread of 90;

AUS Global's average spread for the month was 6.6, with a maximum spread of 190;

VT Markets' average spread for the month was 7.2, with a maximum spread of 25.

Platforms with the largest spreads include:

Swissquote, Pepperstone, and FxPro.

Swissquote's maximum spread for the month was 2302, with an average spread of 447.5;

Pepperstone's maximum spread for the month was 758, with an average spread of 16.2;

FxPro's maximum spread for the month was 535, with an average spread of 36.3.

In this XAUUSD May average spread test, most platforms experienced a short-term spread expansion, and Swissquote's spread was particularly exaggerated.

For more comprehensive evaluation data, please check the BV evaluation column.