Singapore Spread Review! Who Is the Smallest Spread Broker In July?

Spread observation comparative evaluation method: The data from July 1 to July 31 were selected to collect and evaluate the average spread of EURUSD, GBPUSD and XAUUSD of 27 brokers respectively.

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

(Unit: points)

NO.1: EightCap, the average spreads of EURUSD, GBPUSD and XAUUSD are 10.6，12.9 and 12.4 points respectively;

NO.2: Pepperstone, the average spreads of EURUSD, GBPUSD and XAUUSD are 11.1，12.7 and 17.7 points respectively;

NO.3: FP Markets, the average spreads of EURUSD, GBPUSD and XAUUSD are 11.2，12.3 and 17.8 points respectively.

July EURUSD spread summary

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

Platforms with stable average spreads are:

IC Markets, Tickmill, AUS Global

IC Markets' average spread for the month was 0.2, and the maximum spread was 100；

Tickmill' average spread for the month was 0.4, and the maximum spread was 100；

AUS Global' average spread for the month was 6.9, and the maximum spread was 90.

The platforms with the largest spreads are:

WeTrade，Swissquote，FXTM

WeTrade' maximum spread for the month was 19.1, and the average spread was 118；

Swissquote' maximum spread for the month was 18.6, and the average spread was 178；

FXTM' maximum spread for the month was 18.4, and the average spread was 114.

July GBPUSD spread summary

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

Platforms with stable average spreads are:

IC Markets, Tickmill，FP Markets

IC Markets' average spread for the month was 1.5, and the maximum spread was 162；

Tickmill' average spread for the month was 2.4, and the maximum spread was 200；

FP Markets' average spread for the month was 12.3, and the maximum spread was 302.

The platforms with the largest spreads are:

FxPro、WeTrade，Swissquote

FxPro' maximum spread for the month was 19.6, and the average spread was 200.

WeTrade' maximum spread for the month was 22.6, and the average spread was 195；

Swissquote' maximum spread for the month was 24.5, and the average spread was 401.

July XAUUSD spread summary

The following is a chart of average spreads of XAUUSD currency pairs on 26 brokers↓↓↓

Platforms with stable average spreads are:

IC Markets, Tickmill,AUS Global

IC Markets' average spread for the month was 6.4, and the maximum spread was 79；

Tickmill' average spread for the month was 9.4, and the maximum spread was 1652；

AUS Global' average spread for the month was 10.8, and the maximum spread was 190.

The platforms with the largest spreads are:

FxPro，Alpari International，FXTM

FxPro' average spread for the month was 35.6, and the maximum spread was 490;

Alpari International' average spread for the month was 43.2, and the maximum spread was 420；

FXTM' average spread for the month was 43.2, and the maximum spread was 420.

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