Many people think that it is enough to just come to the Forex market and money will start to trickle into their pocket. You need to carefully study many points that are important when working with currencies.

Of course, you can contact a professional trader who will do all the work for you, for example. But in this case, your profit will be much less, since 50% of the profit will be given to him

I know a forex broker without spread! Read a little lower in the article

Therefore, you should know some features of the currency market, which are absolutely fickle and change very often. A common problem for traders is the inconsistent spread value.

In the Forex market, spreads differ not only for different currency pairs, but also for one pair at different periods of time.

To ensure liquidity in the market, it is established forex spread size, which is the maximum. Trading may stop if this limit is exceeded.

It is much more profitable for private investors to trade in the most highly liquid instruments. Brokers can offer the smallest spreads for them.

It is for this reason that the smaller the spread for certain brokers is, the more favorable conditions the trader receives on the Forex market.

This makes the size of spreads one of the most critical indicators, I recommend you the Best.

Be sure to read the article - which will show you how much money they take from you, right in

But still, blindly chasing the smallest spread can carry a certain danger. There is a possibility that a company with very low spreads, especially on not the most liquid instruments, uses a payment mechanism that is hidden.

Also, maybe this company is dishonest and will subsequently begin to manipulate the size of the spread. In addition, paying attention only to the minimum spread size, traders may lose sight of the absence of very important conditions, such as the constant availability of information that is currently relevant, analytical support, as well as available financial instruments and others.

Therefore, when choosing a good broker, you should not focus only on the size of the spread.

What is a spread?

In general, a spread is the difference in the purchase and sale prices in a bilateral currency quote - . The spread is usually measured in points.

For example, if the euro to dollar quote is 1.5000 to 15006, then the spread will be 6 points or 0.0006 US dollar.

This is what it looks like when opening an order:

That is, when opening an order, the trader immediately receives a minus, which is equal to the spread value!

I would like to draw your attention to the moment of active trading, how everything looks in the terminal:

See the screenshot! It looks like we have two profitable trades, each worth eight cents, but the total is minus eight! Where did the profit go? Where did the additional minus come from? And that’s all, various commissions, spreads, swaps! THIS all depends on the broker, the type of account the broker has and the impudence of the broker himself.

Types of spread

What types of spread are there? There are three types of spreads in the forex market: fixed spread, fixed spread with extension and floating spread. Let's talk about each of them in more detail.

1. Fixed spread. It is set by dealing firms for mini and micro forex accounts. They are serviced automatically.

2. Fixed spread with extension. In this case, one of the fixed spreads is maintained for a long time. But at the discretion of the dealer, it may increase depending on the current situation in the Forex market.

3. Floating spread. It can be 1 or 2 points during quiet times in the market and increase to 40 or 50 points, or maybe more, during sharp movements. This type of spread is as close as possible to the conditions that create real interbank markets. It is not suitable for everyone, as it makes testing difficult and does not allow the results of some trading strategies to show. Basically, floating spread is suitable for ECN brokers and banks.

I dedicated a separate article to this topic - there I gave the characteristics of all Forex broker accounts, this will help you decide!

What affects the spread?

There are certain factors that can affect the size of the spread:

In economics, spread has several different meanings. This term means the following:

• different income levels on different financial instruments;
• different prices of two similar goods traded in the market;
• A derivative financial instrument that consists of two positions that have opposite directions, as well as underlying assets and different maturity dates.

We come across the concept of spread in real life when exchanging currencies at exchange offices.

The bank always serves us in a less advantageous position: it sells at a higher price and buys at a lower price. In the Forex market it is much more profitable to buy and sell any currency.

Usually the spread remains unchanged even with very strong movements in the market. Even when trading a wide variety of currency pairs, the spread can vary.

So, what is the summary of all the information received about the spread? Firstly, the spread is what the dealing company successfully makes money on.

A currency quote consists of two bases: the price of the currency itself when purchasing and the price for which the same currency can be sold.

The size of the spread depends on the currency pair being considered, market conditions, transaction amount and broker company.

Now there is a struggle for the client’s money, in which they use such attraction methods as reducing the spread. Therefore, when choosing a company, you should not get too carried away by the size of the spread.

In such a race, you can easily forget about the equally important components of a good brokerage company.

Comparison of spreads from different brokers.

Here are Alpari's own spreads:

And to make it more convenient for you to compare broker spreads and choose the lowest or minimum, I will provide links to pages where you can do this:

And here is the only broker that has a Forex spread of 0:

Spread- this is one of the most significant concepts that is necessary for mastering the technology and principles of trading on stock exchanges and the Forex market. But you should still remember that in addition to it, there are many other, no less important, fundamentals for successful currency trading.

The presence of a spread leads to the fact that, upon entering the market, you instantly find yourself in the red. Naturally, in order to sell the purchased currency at the same moment, you need to use not the sale price, but the purchase price.

This means that if it costs you 3 rubles, with a spread of 1 point, you lose 3 rubles by entering the market. If the spread did not bother you, then you would be able to trade using signals from minute candles.

But, unfortunately, the difference in purchase and sale prices forces us to abandon such a straightforward approach. Instead, the trader should apply entry analysis to the chart with .

Reading time: 13 minutes

Spread is one of the main conditions for trading and investing in Forex.

You should definitely know what a Forex spread is if you want to trade in the foreign exchange market.

In this article we will look at:

• Spread indicator in MetaTrader
• Why is it important to know what a spread is in Forex if you want to trade successfully.

Definition - what is a spread in Forex

In the stock market and Forex, the spread is the difference between the purchase and sale prices. Spread in Forex is the difference between the offer price and the ask price (price and ).

What is a Forex spread from a broker?

From an online broker's point of view, the Forex spread is one of the main sources of income, with commissions and swaps.

Now that we have learned what a spread is in Forex, let's look at how it is calculated.

How is the spread calculated in Forex?

• The difference between the purchase price and the sale price is measured in points or .
• In Forex, a pip is the fourth digit after the decimal point in the exchange rate. Let's look at our example of the euro exchange rate 1.1234 / 1.1235. The difference between supply and demand is 0.0001.
• That is, the spread is 1 pip.

In the stock market, a spread is the difference between the purchase and sale prices of a security.

The size of the spread varies between brokers and according to the volatility and volumes associated with a particular instrument.

The most traded currency pair is the Eurodollar, and usually the lowest spread is on .

The spread can be fixed or floating and is proportional to the volume placed on the market.

Each online broker publishes typical spreads on the " " page. At Admiral Markets, typical spreads for CFDs on EURUSD, CAC40 and are 0.8 pips during main trading hours.

Example - how to calculate spread

The size of the spread paid in Euros depends on the size of the contract you are trading and the pip value per contract.

If the EURUSD spread is 0.8 pips and you trade 1 lot, then your Euro spread is $8. If you trade 10 lots of EURUSD, your spread will be 80USD.

Example - how to calculate the spread for CFD on DAX 30

For CFDs on DAX 30 lot the spread is 0.8 pips. The pip value is 1 euro per lot, so the spread paid on the CFD contract is 0.80 cents.

Pip values ​​and contract sizes vary between different brokers - be sure to ensure you are comparing the same parameters when comparing two spreads with two different trading brokers.

At Admiral Markets, you can use a demo account to see live spreads on the platform or perform a spread calculation using .

Factors influencing the size of the spread on Forex

What factors influence spreads in trading?

• Liquidity of the underlying financial instrument
• Market conditions
• Trading volume on a financial instrument

CFD and Forex spreads depend on the underlying asset. The more actively an asset is sold, the more liquid its market is, the more players are in this market and the less likely it is that gaps will appear. In less liquid markets, such as natural gas, brokerage commissions are much higher.

Depending on the broker's offer, you may see fixed or variable spreads. It should be noted that fixed spreads are often not guaranteed by brokers during periods of market volatility or macroeconomic announcements.

Spreads change depending on market conditions: spreads widen during a major macroeconomic announcement, and most brokers do not guarantee spreads during announcements and periods of volatility.

If you're thinking about trading during a European Central Bank meeting or while the Fed has a big announcement, don't count on spreads being the same as usual.

Forex account without spread

Are you wondering if it is possible to trade Forex without a spread?

ECN accounts are accounts where execution takes place without the participation of a dealer. On this account you only have interbank commissions, for example, 0.1 - 0.2 points on euro/dollar.

In this case, the broker charges a fixed fee for each concluded contract, because, of course, no one gives access to the market for free.

On Admiral Markets there is an account where there is no Forex spread - and the commission is 6 euros per contract: 3 euros when opening a position and 3 when closing a position.

What is the best Forex spread?

The best spread in the Forex market is the interbank spread.

The interbank forex spread is the real spread of the foreign exchange market and the spread between the BID and ASK exchange rates. To access interbank spreads, you need an ECN or STP account. In this prominent foreign exchange account, the investor pays only one commission and has access to interbank spreads.

How to find out the spread in MT4

Open the MetaTrader 4 trading platform, go to the “Market Watch” section.

You now have access to two solutions included by default in the MT4 trading platform:

1. Right-click on an empty part of the window and select "Gap". This action shows that you are directly following the Bid and Ask quotes of each instrument, corresponding to the real-time spread.
2. On the MT4 trading chart, right-click and select “Properties”, then in the window that opens, select the “General” tab, check the box next to “show ASK line” and click “OK”

Thus, on the metatrader trading chart, the spread is shown as a red line, which is the ASK line and the line that shows the current quote (BID).

The difference between these two lines visually represents the Meta Trader spread.

There are other ways to find out the MT4 spread.

Indicator "Spread MetaTrader 4"

In an effective trading strategy, brokerage commissions are not a trivial matter.

It may be interesting to see the full picture of the commissions charged by a broker if spreads vary greatly during periods of market volatility.

The MT4 Spread indicator is a tool for measuring and displaying instrument commissions. When applied to a chart, it displays the gap until the end of the period. Information provided:

1. Maximum
2. Minimum
3. Average difference over time period

By default, MetaTrader does not show the spread.

This is why expert advisors are being developed to obtain such information. At Admiral Markets you can get the MT4 spread indicator on the platform.

Experienced traders are always looking for brokers who can offer them the lowest spreads. This is especially true for currency traders, for whom trading commissions are very important.

Brokerage spreads vary, but you should be wary of the lowest spreads or offers without brokerage commissions. They promise spread-free Forex accounts in order to get you to transfer money.

Brokerage commissions are the main remuneration of a broker, and this money can be used to further develop trading services and the platform.

Be careful, the lowest spread on Forex is not always a guarantee of quality work.

Brokerage commissions can be used to improve the broker's services, so be careful not to look for the cheapest solution, but for the best value for money solution.

In MT4 the spread is not displayed directly, so use the MT4 spread indicator.

The easiest way to download the spread indicator is to download MetaTrader 4 Supreme Edition (also known as MT4SE).

MT4SE is a plugin that extends the standard functionality of MetaTrader 4, giving you a wider selection of indicators and many customizable options.

Expert Advisor Spread MT4 is a spread indicator in the form of an expert advisor available in the Admiral Markets package for MetaTrader 4 Supreme Edition.

Installation of the spread indicator in MT4.MQ4 is done automatically when the MTSE package is installed. The MT4 spread can be displayed directly on the platform.

The advantage of this method is that a good spread indicator is one of the many features offered by MetaTrader 4 Supreme Edition.

In the screenshot below you can see the spread indicator in the MetaTrader 4 window after installing the MT4SE plugin:

As you can see, the spread indicator is just one of many additional tools you get with .

The current spread value is displayed directly on the selected chart, red by default, as you can see in the screenshot above.

Some assets have a fixed spread, in such cases the indicator will not be of real use for those assets.

This tool is especially useful for assets with variable spreads.

The indicator measures the difference and displays it in real time. When opened, the MetaTrader Spread indicator continuously records the spread value. This allows you to see historical spread information on the chart.

You can see that past spread values ​​are marked in red and green in the window below the chart window.

The top of the red bars indicates the largest spread difference recorded for each candle. Conversely, the bottom of the green bars indicates the smallest spread difference recorded for each candle. This can help you make decisions.

What is Forex spread - the meaning of spread in trading

Each trader has his own degree of sensitivity to the cost of the spread.

It depends on the trading strategy used.

The smaller the time frame and the larger the number of transactions, the more careful you should be about the spread.

Most Forex brokers indicate that one of the key competitive advantages is spread sizes for currency pairs.

The size of the spread determines the trader's future trading costs when working through the selected broker.

Spread on Forex – what is it?

The following designations are accepted in the Forex market:

• for the best purchase request price - Ask;
• for the best selling offer price - Bid.

Thus, the spread in the Forex market is the difference between Ask and Bid in the trading terminal.

Spread in the Forex market is measured in price points. For example, for a quote of the EUR/USD currency pair equal to 1.32997/1.33000, the spread is 3 points.

Measuring the spread in price points allows you to compare the size of the spread between different currency pairs.

In the international community of traders, spreads are conventionally classified into two groups:

• narrow - the spread value is no more than 5 points;
• wide – the spread value exceeds 5 points.

The size of the spread characterizes the liquidity of the market - the wider the spread, the lower the liquidity.

The size of the spread should be taken into account in the trader's trading strategy, because... When opening a new position, to obtain a break-even point, the price must move in the expected direction by the size of the spread.

What determines the size of the spread?

The size of the spread depends on the following factors:

How much does the spread cost?

The cost of the spread is directly dependent on 3 factors:

1. spread size;
2. the amount of the underlying asset in one lot (lot size);
3. number of lots in the 1st transaction.

Calculation formula: spread cost = spread size*lot size*number of lots

Let's give an example of a calculation.

Trading pair EUR/USD. The current quote is 1.3397/1.3400. Lot size: $100,000. Number of lots - 5.

We calculate the size of the spread: 1.3400 - 1.3397 = 0.0003 basis points.

We calculate the cost of the spread: 0.0003 * $100,000 * 5 = $150

Calculating the cost of a spread in the practical work of a trader is important for building trading strategies, primarily automated ones, and technical analysis of the market situation. The shorter the time for which a position is opened, and the greater the frequency of transactions in a trading strategy, the greater the role the cost of the spread plays in the amount of profit.

What does a beginner need to know about the spread on FOREX?

The impact of the spread on trading profits depends on the chosen trading strategy. The spread plays the greatest role when working according to scalping principles. The general rule is the following: the smaller the expected price movement, the larger part of this movement will be taken up by the spread. Therefore, the smaller the spread, the greater your potential profit and the lower the risks.

Based on the principle of formation, there are:

• fixed spread;
• floating spread.

With a fixed spread, its value is set by the broker and does not depend on the current market situation. A fixed spread is established on the most liquid currency pairs where the average spread fluctuations are not significant. A fixed spread provides the trader with predictability of the initial cost of each trade, but loses the potential benefit of reducing the spread from fluctuations in the best bid and offer prices. A fixed spread is most often set for currency pairs: EUR/USD, EUR/GBP, USD/JPY, GBP/USD

With a floating spread, its value depends on the current market situation, including the level of price volatility. With significant price movements, the spread size increases. With a floating spread, trading risks increase significantly. Most currency pairs have a floating spread.

Are there any brokers without spread?

There are brokers in the Forex market that provide the opportunity to trade without a spread. Both large brokers and small companies have tariff plans without spread.

Spread is the main source of profit for a brokerage organization. With a zero spread tariff plan, the broker will charge you commissions according to its trading rules. In this case, the commission amount may be greater than the spread on the standard tariff plan.

The absence of a spread has its advantages:

1. Easy to understand trading for beginners. Instead of two prices (Ask and Bid), the trading terminal uses one, which makes it easier to get acquainted with the Forex market.
2. Paying a commission is more common for most beginners.
3. The risk of losses from a sudden widening of the spread is completely eliminated.

When choosing a broker and tariff plan, you must remember that brokers without commissions or spreads cannot exist. Very often, fraudulent organizations use rates without a spread in advertising, thereby attracting a large number of new clients. After raising funds, such companies disappear along with the money. The choice of a brokerage company must be taken as responsibly as possible.

Which spread is better to choose?

The choice of tariff plan should be based on the conditions of your trading strategy, your trading style, and risk appetite.

General tips:

• If you prefer to trade strong price fluctuations, for example, according to fundamental analysis, it will be more profitable to use a floating spread - you will be able to open and close positions during the smallest fluctuations with minimal spread values ​​before the start or at the end of the main price movement.
• If your trading strategy is scalping or short-term positions, a fixed spread will be more profitable, because it will provide consistently predictable risks.
• If you are just starting to trade, choose tariff plans without spread from large brokers with a good history - this will make it easier and faster for you to learn how to trade in the Forex market.
• If your transactions last a long time, the choice of spread type is not of fundamental importance, because trading strategies with large time positions are focused on strong price changes and the size of the spread can theoretically be neglected.

When choosing a broker, you must follow two rules:

1. the smallest spread or commission;
2. best reputation.

What is a spread return?

Currently, a service for returning part of the spread or commission services to the trader has become widespread in the professional community.

The return of part of the spread is usually called the term “Forex rebate”, from the English. rebate - “discount”.

Brokers benefit from the Forex rebate system because... it allows you to attract new active customers. Rebate services are paid for by the broker.

The amount of funds returned to the trader depends on the terms of the rebate service. The general rule is that the percentage of funds returned depends on the trading volume - the more transactions you make, the greater the share of the spread that can be returned to you. On average, for large rebate services, the return amount corresponds to 25-30% of the spread. Rebate services are especially useful when using high-frequency trading strategies (scalping).

To receive a spread refund you must:

1. choose one return service from several available on the market;
2. register for the service;
3. open an account with a partner broker of the selected service using a referral link.

To choose a good rebate service, you must be guided by the following criteria:

• number of partner brokers - the greater their number, the more reliable the service;
• the number of broker-partners under the control of industry associations and unions, for example under the control of KROUFOR - the greater their number, the more reliable the service;
• the amount of funds returned as a percentage of the spread;
• availability of service and customer support, including online consultations, quality of the created website, simplicity of the interface.

conclusions

The spread is the difference between the best bid price and the best offer price.

The spread is the main source of income for a brokerage organization.

The size and cost of the spread must be taken into account when creating a trading strategy.

The choice of the type of spread to use depends on the conditions and rules of your trading strategy.

A broker cannot exist without spreads or commissions.

Minimizing the cost of spreads or broker commissions is achieved both by choosing a tariff plan and by using rebate services.

Hello comrades! :-) I receive emails with questions from readers of this blog, I try to answer if I can help in any way. Here is the text of one of these letters, published with the permission of the author:

Hello, Ivan!

I am a beginner trader, my name is Mikhail. I just recently opened my first real account, I’m trying to trade according to the strategy.

But there is a problem, it seems to me that my broker is deceiving me, because after opening any transaction, it immediately becomes unprofitable! I specifically checked this, as soon as I open a trade, there is already a small minus in the “profit” column of the MT4 terminal! Moreover, the price did not have time to make even the slightest movement...

Tell me, please, what to do? Maybe I'm doing something wrong? Or is it better to immediately run away from such brokers?

Who among the beginners has not had similar questions and unfounded suspicions about brokers (precisely unfounded, because the company has nothing to do with it!)? This is understandable, every trade immediately becomes unprofitable - try to make money! It's all about the spread, which is often not taken into account by novice traders.

What is a spread?

What is a spread in Forex? Spread is the difference between the sale price and the purchase price. That is, at a certain point in time, the purchase will take place at a slightly higher price than the sale. See the picture below. The purchase price is called Ask. The selling price is called Bid.

It is thanks to this difference in prices that every transaction immediately becomes unprofitable after opening. Because you bought at the Ask price (higher), and will sell at the Bid price (lower). This is taken into account in the MT4 terminal, and a small loss is automatically displayed in the “profit” column, which is equal to the size of the spread. This is exactly how I answered Mikhail. :-)

Why can't I see the spread size?

Because the Ask price is not displayed by default in the terminal settings, only the Bid is shown. If you have MetaTrader4, then fixing this is as easy as shelling pears. You need to right-click on the chart and select “properties”:

In the window that opens, check the box next to “show Ask line”:

Now the chart will display 2 lines: the upper one (Ask purchase price) and the lower one (Bid selling price).

Examples of transactions.

Example 1. Buy trade. A purchase transaction is made at the Ask price, which is a higher price. Even if its display is disabled in your terminal, the order will still open at the Ask price (in the picture below at 1.03504). But you will close the order at a different price - Bid.

Example 2. Sell transaction. It is concluded at the Bid price (in the figure below at 1.03485), this is a lower price. She always shows up. When a sell transaction is closed, the same volume is repurchased at the Ask price.

Example 3. Let me give you another question from a reader:

Good afternoon, Ivan!

I read your articles, thank you for your creativity! :-)

I’m interested in your opinion on one issue; you may have encountered such a situation. I started trading using a new strategy, I noticed that the price often reaches the set take profit, but it is not executed! Sometimes the price goes beyond this level, but the order still does not close, you have to close it manually...

Don't know what could be the matter?

It's all about the spread again. Of course, it’s unpleasant when the price reaches your profit, but it is not fulfilled. But let's look at an example of why this can happen!

Let's assume you opened a sell trade and set your take profit just below the current price. When the price reaches this level, the transaction should be closed, that is, a purchase will occur (since we initially sold).

Now look at the picture:

You can see that the Bid price has indeed dropped below the Take Profit level, but notice that the Ask price is higher. Since our take profit is set to buy, it will only work when it touches the upper price (Ask).

Because of such nuances, it may seem that the order is not triggered (especially when the Ask display is turned off), in fact, the price simply did not reach it.

How does a forex spread affect results?

As you understood above, a spread is a small commission that the broker takes for each transaction. On the one hand - a trifle, the difference is very small! But if you calculate more carefully, the numbers will be quite impressive. A little bit in each transaction, as a result, tens of percent of the deposit accumulate! This is not a joke, for example, in 100 trades I lose about 30% of my deposit on the spread! This is quite an impressive amount; in order to be in the final profit, you need to earn more than this. But losses on the spread depend on many factors: the broker (how to choose with minimal costs), trading time, so you will have completely different numbers.

I conducted my own research on this topic. It turned out that a commission of 0.1% turned a profitable strategy into a non-working one! Over 4 years of testing, the commission ate up almost 1200% of the profit! I converted all the results into graphs, you can evaluate them.

What determines the size of the spread in Forex?

The spread can be fixed, floating or floating with a built-in commission.

Fixed. Very popular with forex brokers, especially for account types that are aimed at novice traders. The spread size is constant all the time, for example, 3 points. Novice traders clearly know what commission they will pay even before opening a transaction. In addition, you can test trading strategies on historical data with great accuracy. But there is a significant drawback - the size of the spread is very high (which does not bother new speculators one bit! :-)).

Floating. This type of spread is typical for ECN accounts, transactions from which are entered into the interbank market. The difference between the purchase and sale prices changes over time, for example, it can be minimal while waiting for news and expand sharply at the time of its release. In the long term, trading on such conditions is more profitable than with a fixed spread.

Floating with a built-in commission. Exactly the same as described in the paragraph above, but there is a minimum value, a fixed commission, less than which the spread cannot be.

The Forex market remains unregulated in our country, so pricing is far from transparent (as we would like!). Each broker can set its own commission, for example, for EUR/USD the spread is 3 points, and for 10 times less (!) - from 0.3 points.

Complete dictionary of Forex terms.

This is an indispensable thing for novice traders! I remember reading various articles myself and not understanding half of them at all :). What is a spread, what is it swap, some kind margin, leverage, etc. In fact, these are simple things that you can read about once and not worry about. You can get a dictionary of Forex terms absolutely free from the following link:

Well, that's it, now it's time to finish. A private trader was with you, we discussed what a spread is in Forex. I invite you to subscribe to blog updates by email in the form below, so you will be the first to know about the most interesting things. Or add yourself on social networks, where I announce posts. I wish you success bye!

P.S. Video about the spread, everything is told in your fingers!

A fixed spread when trading on the Forex market can be useful for novice traders who do not want or do not yet know how to calculate the optimal entry conditions for themselves. They can also be used by connoisseurs of medium- and long-term trading.

If you belong to one of the listed categories of traders, you will definitely like today's rating. Next, we will look at the 9 best forex brokers with a fixed spread.

Top brokers

So, the table below shows the dealers that we will talk about in more detail today.

Now let's talk in more detail about each of the companies and find out which broker is better to work with.

Alpari

You can work with a fixed spread on the website only on one trading account – Nano.MT4. This is a cent account with the following trading conditions:

• Currencies – USD (cent), EUR (cent);
• There is no minimum deposit;
• Leverage – fixed 1:500;
• Instruments – 33 currency pairs and 2 metals;
• Minimum/maximum transaction volume – 0.1/10 lots;
• Stop Out – 10%.

The mobile dealing function is also available, but only for closing a transaction.

You can work on standard and ECN accounts with the Alpari forex broker only with floating spreads.

RoboForex

Unlike Alpari, RoboForex offers 3 account types with a fixed difference between the bid and ask prices. The table below describes the main conditions for working with these accounts.

There are many similarities in the said accounts, many of which you can find on the dealer's official website.

Note that Robo offers some of the most favorable conditions for trading on an ECN account. And in addition to favorable spreads, the company offers a number of benefits for its clients and protection of their funds.

Instaforex

This fixed spread forex broker offers 2 types of trading accounts: Insta.Standard and Cent.Standard. They differ from each other only in that the second allows you to open micro-transactions with a volume of 0.0001 lots or more. Trading is carried out in cents.

You can work with Insta.Standard and Cent.Standard under the following conditions:

• The minimum deposit amount is 1 USD;
• Spreads – from 3 to 7 points;
• There are no commissions;
• Leverage – from 1:1 to 1:100;
• Margin Call/Stop Out –30/10%;
• Interest rate – 13% per annum. Accrued on the last day of each month. Valid only on active accounts. Inactive accounts receive 6%.

The difference between the Bid and Ask prices here is the highest among the dealers on today's list. But otherwise the conditions are quite suitable for work.

STForex

The company offers its clients 3 types of accounts: Cent, Classic and Pro. The last one has floating spreads, and the first 2 have fixed spreads. At the same time, the conditions on Cent are similar to Classic, only trading is carried out in cents.

On these accounts you can only trade currency pairs, as well as gold and silver. CFDs on stocks, cryptocurrencies and indices are only available on the Pro account.

The minimum difference between Bid and Ask of 2 points is available only on the EURUSD pair. You can also trade with relatively low spreads of 3 points on EURGBP, USDJPY and GBPUSD.

BCS Forex

The company offers to work with four accounts, but like many brokers, not all can use the spreads we are interested in today. To be more precise, a fixed commission is only available on the Pro account.

The Pro account opens up classic forex trading on the MetaTrader 4 platform with 135 available instruments. Let's look at what other trading conditions the BCS Forex Pro account offers:

• Minimum deposit 1 USD;
• shoulder – 1:1–1:200;
• minimum transaction volume – 0.01 lot;
• level of limit/stop orders – from 6 points;
• margin call/stop out – 100/20%;
• a training account is provided;
• Available account currencies are USD, EUR, RUB.

High-quality conditions from a reliable broker. What else do you need for comfortable trading?

Amarkets

An excellent broker that allows you to trade a variety of instruments on different accounts. We are now interested in only one account – Classic, since on the others there is no fixed difference between the bid and ask prices.

So, when working on a Classic account, you will open transactions using Instant execution technology, that is, an order will be opened only at the price that you see in the terminal. And although the average speed of opening transactions is the highest among accounts, you are unlikely to notice it. Contracts are concluded on average in 0.099 seconds.

• Leverage – up to 1:500. Depends on the replenishment amount;
• five-digit quotation;
• minimum lot – 0.01;
• margin call – 50%;
• stop out – 20%;
• The minimum deposit for a transaction is 2 USD.

Details of trading with the Amarkets broker can be found in the review or on the company’s official website.

Wforex

World Forex is not as popular a broker as Alpari, InstaForex or other fixed spread Forex brokers that we have already mentioned. However, this does not prevent the company from providing quality trading conditions.

The minimum spread on the platform is 2 points. But unlike STForex, with this value you can trade not just one currency pair, but 3: EURUSD, USDJPY, EURGBP.

The dealer only offers one account type, so all traders trade under the same conditions.

Forex4you

The main disadvantage when working with this company is the long time it takes to open a deal. The fact is that fixed spread is provided only on two trading accounts: Cent and Classic. Both with Instant execution type, and the execution speed of trades is 1.37 and 1.3 seconds respectively, which is 13 times longer than Amarkets.

Another disadvantage is the limited storage period for transaction history. On a cent account it is 1 month, on a classic account – 3.

Otherwise, there are no complaints about the platform:

• Leverage from 1:10 to 1:1000;
• minimum contract volume – 0.01;
• spread from 1.5 pt. on the Cent account and from 2 pt. on Classic.

VTB 24

Bank broker for experienced traders. You cannot trade with high leverage here. Only 24 currency pairs are available for trading, and the minimum deposit is 50,000 rubles.

Spreads on the platform from 2 pips are the favorite value of most of the dealers on today's list.

If you want to work with a reliable Russian bank dealer, who will also pay taxes for you, we recommend registering a trading account on the VTB24 website. Just keep in mind that to do this you need to go to the bank office.

This is what our selection looks like today. If you prefer to work with fixed spreads, be sure to study these dealers in more detail. We are confident that you will be able to find the optimal dealer for you.