Forex Brokers with Fixed Spreads

Compare Forex brokers and accounts with fixed spreads, whatever the market conditions. Make the most of market volatility.

AvaTrade (AvaTrade.com) is an award winning online broker. Access a wide range of markets spanning Forex, crypto-currencies, shares, metals and more on competitive spreads.

  • Currency pairs: 60
  • Markets: Commodities, Forex, Gold and metals, Indices, Oil, Shares
  • Platforms: Copy trading, MetaTrader 4, MetaTrader 5
  • Regulators: Australia, BVI, Ireland, Japan, South Africa, UAE
  • Incorporated: 2006

$100
deposit

1:200
leverage

1.9 pips
EUR/USD

$100
deposit

1:30
leverage

1.3 pips
EUR/USD

$100
deposit

1:400
leverage

1.3 pips
EUR/USD

$100
deposit

1:400
leverage

1.3 pips
EUR/USD

Risk warning ?

FxPro (FxPro.com) is a global broker, winner of 60+ awards including "Best FX Provider" in the 2019, 2017 and 2016 Online Personal Wealth Awards.

  • Currency pairs: 70+
  • Markets: Commodities, Forex, Gold and metals, Indices, Oil, Shares
  • Platforms: Copy trading, cTrader, MetaTrader 4, MetaTrader 5
  • Regulators: Bahamas, CySEC, South Africa, UK
  • Incorporated: 2006

$500
deposit

1:500
leverage

1.6 pips
EUR/USD

Risk warning ?

Buy shares outright or trade CFDs on shares, indices, Forex, cryptocurrencies and more*. Connect with over 6 million other investors, follow or copy their trades in real-time on eToro.com.

  • Currency pairs: 47
  • Markets: Commodities, Forex, Gold and metals, Indices, Oil, Shares
  • Platforms: Copy trading, Mirror trading
  • Regulators: Australia, CySEC, UK
  • Incorporated: 2007

$400
deposit

1:30
leverage

3 pips
EUR/USD

$1000
deposit

1:30
leverage

3 pips
EUR/USD

$20000
deposit

1:30
leverage

3 pips
EUR/USD

Risk warning ?

HYCM (HYCM.com), formerly HY Markets, is an award winning online broker authorised and regulated by the FCA and CySEC. Trade over 100 instruments on fixed or variable spreads over MetaTrader 4.

  • Currency pairs: 45
  • Markets: Commodities, Forex, Gold and metals, Indices, Oil, Shares
  • Platforms: MetaTrader 4, MetaTrader 5
  • Regulators: CySEC, UK
  • Incorporated: 1977

$100
deposit

1:30
leverage

1.8 pips
EUR/USD

Risk warning ?
  • Currency pairs: NA
  • Markets: Bonds, Commodities, Forex, Gold and metals, Indices, Oil, Shares
  • Platforms: MetaTrader 4, Mirror trading
  • Regulators: Australia, UK
  • Incorporated: 2013

$100
deposit

1:30
leverage

2 pips
EUR/USD

$100
deposit

1:200
leverage

2 pips
EUR/USD

Risk warning ?

As a trader, you can choose between brokers with fixed and variable spreads. This article discusses the pros and cons of trading Forex on fixed spreads.

Fixed vs. variable spreads

The spread is the difference between the buy and the sell price of a currency pair at a point in time. If your broker quotes EUR/USD at 1.5602/05, this translates into a 3 pip spread.

  • If your broker quotes fixed spreads, the difference between the buy and sell prices of each currency pair should be the same at all times, whatever the market conditions. Fixed EUR/USD spreads usually range between 2 to 3 pips depending on the broker but in the region of 1 pip with an AvaTrade trading account (AvaTrade.com).
  • If your broker quotes floating spreads, you'll face wider spreads during volatile market conditions and tight spreads the rest of the time. EUR/USD spreads typically vary between 1 and 4 pips under normal market conditions. However, they have been known to widen up to 8 pips and beyond under extreme market conditions.

Advantages of fixed spreads

News events, data releases or the start of a new trading session can move the markets in a big way. This creates opportunities to profit from price jumps. However, it can also catch you off guard as spreads often widen substantially around those times.

A broker with fixed spreads will shield you from wild swings in spreads. This will work in your favour if you plan to trade around news events, data releases or simply day trade. If you're new to Forex trading, you'll find that fixed spreads provide a more predictable trading environment and help mitigate risks as you learn the ropes.

Disadvantages of fixed spreads

However, fixed spreads mean you're likely to pay wider spreads under normal market conditions. In other words, you'll pay for certainty of pricing during volatile market conditions in the form of marginally wider spreads at all other times.

For example, you could pay between anywhere between 1 and 2 pips for EUR/STP with an STP broker on variable spreads. And if you can afford to invest a large deposit upfront, you could trade EUR/USD from 0 pips with an ECN broker on a commission basis

In short, fixed spreads provide a more predictable trading environment albeit at a premium. This could work for you if you plan to trade in volatile market conditions or value piece of mind of you learn the basics of Forex trading.


FxPro

MT4 Fixed - Instant Execution

Trade 70+ currency pairs, spot indices, energies, metals and shares on fixed spreads with instant ... More

  • $500 deposit
  • 1:500 leverage ?
Risk warning ?

AvaTrade

Islamic Account

Trade a wide range of financial instruments with a Shariah compliant account. AvaTrade does not ... More

  • $100 deposit
  • 1:200 leverage ?
Risk warning ?

eToro

Islamic Account

Trade 47 currency pairs, crypto-currencies, popular stocks, indices, gold and silver with no ... More

  • $1000 deposit
  • 1:30 leverage ?
Risk warning ?