It is an era when trading has reached its pinnacle, and many have turned to it as a source of income. Where there is profit as well as loss, customers require brokers that will listen to their recommendations and assist them in their trading adventure. There are a plethora of forex brokers available to you, but here are a few that have low spreads and are quite knowledgeable in their field.
1. NLVX Exchange
This is friction-free trading where trading is done with 1:1000 leverage with the spread of 0 pips with a minimum deposit of $100 for all the traders. To keep traders interested in trading, NLVX makes sure to offer them exclusive trading offers and promotions. NLVX walks students through all of the steps and prepares them to be effective traders who can overcome any obstacles and play with the best odds possible. NLVX follows a strategy of no hidden charge or commission.
The nicest thing about NLVX is that it serves as a one-stop shop for traders interested in forex, indices, equities, and commodities. The firm not only provides a wide range of services but also handles everything from trading to platforms, including spreads, leverages, and MT5 integration. For all types of traders, NLVX provides complete intermediate services. Traders can trade with ease thanks to the system’s user-friendly design and functionality.
Website: www.nlvx.com
2. FXTM
FXTM (ForexTime) is a global broker well recognized for its high leverage. The amount of leverage you can utilize will be determined by your FXTM trading account and the nation from which you trade. Leverage of 1:2000 (0.05 percent margin) is available for transactions under $50,000 USD, and leverage of 1:1000 is available for trades between $50,000 and $200,000. (0.1 percent margin). With FXTM, you have three options to choose from, which you want your trading to be done.
- Micro Account:The first account they have created is a Micro account where trading can be started with a minimum deposit of $50.
- The other FXTM accounts are ECN broker style accounts with a combination of spread and combination. This is used by the brokers who use scalping.
- The Advantage Plus account is geared toward institutional traders and requires a large minimum commitment of $25,000.
Website: www.fxtm.com
3. Pepperstone
Pepperstone may be worth looking into if you’re seeking the narrowest spreads with no commission fees. If you choose the Pepperstone Standard account, you’ll be able to trade the EUR/USD currency pair with spreads as low as 0.6 pips and no additional commission fees. There are two accounts that Pepperstone holds, and they are the Standard account and the Razor account.
If you choose the Pepperstone Standard account, you’ll be able to trade the EUR/USD currency pair with spreads as low as 0.6 pips and no additional commission fees. Pepperstone also boasts a solid international reputation, top-notch forex trading systems, and award-winning customer service.
Website: www.pepperstone.com
4. IG
IG, for two of its special reasons, is considered to be the broker with a low spread. One of the reason is that it has standard forex account and another reason is they have risk management tools as well.
The ones who are new in trading frequently choose IG as their forex broker for trading as it is easy to calculate the profit and losses at an initial stage. Because IG is a Market Maker, they are exclusive in the building of standard accounts.
Website: www.ig.com
5. Eightcap
One of the promising forex brokers is Eightcap. It is a dealing broker who has less pricing. This implies that Eightcap gets its price feeds from a big pool of tier-1 brokers but delivers them to you without any manipulation or commission. Therefore, the transaction is made at the market price only.
Eightcap uses a RAW account that adds no commission, which makes them stand out as compared to other forex brokers. All major pairs have spreads of 0 pips, whereas most smaller and exotic pairs have spreads of 0.1 to 0.4 pips. In comparison to other online brokerage firms, this is a fairly low figure.
Website: www.eightcap.com
Conclusion
Now that you’ve learned about a variety of fantastic forex brokers, it’s up to you to pick the best one for you, one who will assist you in your business and guide you along the path to success.