One of the most important criteria when choosing a Forex broke is the spread. The spread is the difference between the sale price and the purchase price of a currency pair and is measured in pips. A favorable spread for currency trading is very important because the spread directly affects how much profit you will achieve with your trades. The deeper the spread, the better for you. We have shown on the main page of our Forex broker comparison, only the spread of the most important currency pair in the world, USD / EUR. However, it may well be that you want to trade other currency pairs. We have listed the spreads for important currency pairs at our favorite Forex brokers in our table below. That makes it easier for you to decide which Forex broker to choose.
Forex Broker Spread table
Instaforex seems to be the best choice when it comes to low spreads. With an average spread of 3.0, InstaForex is significantly cheaper than the competition. To take advantage of the low spreads, you can register immediately at InstaForex.
(Spreads comparison of a currency against the U.S. dollar, exceptions indicated)
As you can see, the soft spreads vary widely. While the USD / EUR currency pair is usually the most favorable – a large proportion of foreign currency is traded in U.S. dollars and euros – there are big differences for other currency pairs at different brokers. Overall, the most expensive forex brokers are 1 pip more expensive for every currency pair than the cheapest brokers.
Especially when you trade currencies in very short time frames, the spread is significant. Therefore our advice: The shorter your holding period of a currency, the more important should the spread be for you when you have to decide for a certain Forex broker.