How to choose a broker with low spread?

[bublu]

Then they will be charging commission to cover up their profits IMO!

 

[Vettel5]

The best way would be to compare with more than one broker or trading with their demo accounts to check their spreads, pips and stability.

For example, I trade with FP Markets, but I compared it with brokers like CMC and ICM before investing in it. FP Markets spreads were tighter and stable even during high volatile market situations.

 

[radex78]

broker sometimes offers 0 pips spread , i dont know how they make profit because by using spreads brokers only make profit.

Usually, brokers offer zero spread but they take a commission, and tipically number spread fee and commission are equal, so in my view, it's the same thing but a different name or term.

 

[Ahmed Solaiman]

right now so many broker offering 0 pip spreads and its really supportive for the traders who are particularly scalpers.

 

[Katyannaria]

each broker has a full description of the working conditions and other points, maybe you should pay attention to this?

 

[LiamMason]

I found my low spreads broker by researching on different forum sites and by reading several reviews.

I currently trade with FP Markets, an ASIC broker with some of the lowest spreads starting from as low as 0.0pips through the day.

 

[Raheel Shaikh]

I found my low spreads broker by researching on different forum sites and by reading several reviews.

I currently trade with FP Markets, an ASIC broker with some of the lowest spreads starting from as low as 0.0pips through the day.

0 pips on a live account ?
that's insane

do you know where is the broker based and what's the leverage they offer ?

 

[Overnight]

How can there be a 0.0 pip spread? That would mean that bid and ask are same price, and no trading is actually happening.

 

[radex78]

I already use the FXOpen broker that offers a low spread mainly for USD pairs and Gold.

 

[Jastinross]

@radex78 I believe that there’s no free lunch in the forex market. If a broker offers low spreads, would obviously be earning through commission rates.