Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.

Compare Fixed Spread Brokers

For our fixed spread comparison, we found 13 brokers that are suitable and accept traders from United States of America.

We found 13 broker accounts (out of 147) that are suitable for Fixed Spread.

  • FILTER
Forex.com

Spreads From

EURUSD 1.0 points See all spreads

What can you trade?

  • Forex
  • Cryptocurrencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About Forex.com

  • Regulated by: Financial Conduct Authority.
  • Established in 1999 HQ in United States.

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

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70% of retail investor accounts lose money when trading CFDs with this provider

Read our in-depth Forex.com review

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.

The Ultimate Guide to

Finding The Best Fixed Spread Brokers For You

What is the spread in forex?

Forex brokers normally quote two different prices for currency pairs: the bid (buy) and ask (sell) price. The difference between these two prices is known as the spread. Generally speaking, the spread is how “no commission” brokers make their money. Instead of charging separate fees for making trades, the cost is built into the buy and sell price of the forex pair you want to trade.

How is the Spread in Forex Measured?

The spread is usually measured in pips, which is the smallest unit of price movement of a traded asset. For most currency pairs, one pip is equal to 0.0001. An example of a 4 pip spread for EUR/GPB would be 1.2339/1.2335. However, currency pairs involving the Japanese yen are quoted to only 2 decimal places – an example of a USD/JPY quotes would be 109.53/109.45. The example quote indicates an 8 pip spread.

What Types of Spreads are in Forex?

The type of spreads seen on a forex platform is determined by the structure of business offered by the forex broker. There are two types of spreads:

  • Fixed
  • Variable (sometimes referred to as ‘floating’)

Fixed spreads are usually offered by brokers that operate a market maker model of business while variable spreads are offered by brokers operating a non-dealing desk model of brokerage business.

What are Fixed Spreads in Forex?

Fixed spreads stay the same irrespective of what market conditions are at play at any given time. In other words, conditions of slippage or intense volatility do not affect a fixed spread. Fixed spreads are seen with brokers that offer the market maker business model.

With this model, the broker buys off large positions from the liquidity providers and offers these positions in smaller chunks to traders using a dealing desk. Thus, the market maker acts as the counterparty to the trade. In this manner, the broker is able to offer fixed spreads to its clients because they are able to control what is offered to these traders using the dealing desk.

What are the Benefits of a Fixed Spread Broker?

Fixed spreads have smaller capital requirements, so trading with variable spreads requires a lot of liquidity which many retail traders cannot afford. Therefore, fixed spreads offer a viable and cheaper alternative.

Trading with fixed spreads also enables better trade planning. This is because traders are always sure of what they can expect to pay when they execute a trade. If you are a scalper, then the fixed spread is for you. Scalping involves taking very small profits in many trades within a day. Obviously, the spread will impact on any profits made, so scalpers will be better served using fixed spreads.

What are the Disadvantages of a fixed spread broker?

Requotes are very common with fixed spread arrangements since pricing is coming from just one source. There will always be times when pricing moves very fast as a result of supply-demand dynamics. With no room for spread adjustment to accommodate these movements, the broker has no option but to ask the trader to accept a new entry price provided for the trade.

Slippage can be another huge problem. When prices are moving fast, the ability of the broker to offer a fixed spread is compromised and the price fill may end up being far worse than if a widened variable spread was use. Because fixed spreads are only possible because the broker’s dealing desk is controlling the order flows and execution prices, you may find the concept of trading with fixed spreads not very attractive.

Fixed vs Variable Spreads: Which is Better?

The question of which is a better option between fixed and variable spreads depends on the situation of each individual trader. There are traders who will find the use of fixed spreads more advantageous than using variable spread brokers. However, the reverse can also be the true for other traders. Generally speaking, traders with smaller accounts and fewer monthly trades will benefit from fixed spread pricing.

What are the Different Types of Fixed Spread Traders?

Scalpers
Those who get in and out of the market very quickly, multiple times a day and just take a few pips at a time generally prefer trading with fixed spread brokers. However, there is a caveat that a broker offering wide fixed spreads may not be the best fit.

News traders
Traders who trade the news could benefit from using fixed spreads. Some traders have complained of spreads widening to as high as 50 pips during news trades with variable spread brokers, therefore choosing a broker with the fixed spreads brokers could prevent this.

Micro Accounts Traders
Low-frequency traders and those with smaller deposits using micro accounts could be better off with fixed spread brokers. You will not pay extra commissions (just the spread as discussed above) on trades, unlike with variable spread brokers who charge commissions on each side (buy and sell) of trades.

Why Choose Forex.com
For Fixed Spread?

Forex.com scored best in our review of the top brokers for fixed spread, which takes into account 120+ factors across eight categories. Here are some areas where Forex.com scored highly in:

  • 19+ years in business
  • Offers 300+ instruments
  • A range of platform inc. MT4, Web Trader, NinjaTrader, Tablet & Mobile apps
  • 24/7 customer service
  • Tight spreads from 1.00pips
  • Used by 0+ traders.
  • Offers demo account
  • 1 languages

Forex.com offers one way to tradeForex. If you wanted to trade EURUSD

The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.

Forex.com have a AAA trust score. This is largely down to them being regulated by Financial Conduct Authority, segregating client funds, being segregating client funds, being established for over 19

Trust Score comparison

Forex.com
Trust Score AAA
Established in 1999
Regulated by Financial Conduct Authority
Uses tier 1 banks
Company Type Private
Segregates client funds

A Comparison of Forex.com


Want to see how Forex.com? We’ve compared their spreads, features, and key information below.



Spread & fee comparsion

The spreads below are illustrative. For more accurate pricing information, click on the names of the brokers at the top of the table to open their websites in a new tab.
Forex.com
Fixed Spreads
Variable Spreads
EUR/USD Spread 1.00
GBP/USD Spread 0.9
USD/CAD Spread 0.9
USD/JPY Spread 0.90
DAX Spread 250.0
FTSE 100 Spread 150.0
S&P500 Spread 50.0

Comparison of account & trading features

Forex.com
Platform MT4, Web Trader, NinjaTrader, Tablet & Mobile apps
Services Forex
Base currency options USD, GBP, EUR
Funding options Bank transfer, Cheque, DebitCard,
Micro account
ECN account