Comparing the Spreads of Different Forex Brokers

Updated August 28, 2007

We periodically review webpages of various forex brokers for information on their spreads so that we can include them in our list below.

We cannot verify the accuracy of the information but can verify that we copied their information directly from their website or marketing literature.

Please note that some spreads are variable while some are guaranteed. Finally some spreads are guaranteed with exceptions.

Where applicable we list typical day-time market spreads.

Blank entries indicate either the currency pair is not traded on the platform or that no spread information on the currency pair is provided.

Please contact us if you have any additional information.

 

Forex
Broker

Meta

TradersVoiceFX ECN

FXCM

SAXO

CMC

MG FOREX

GCI

Spread Type*

FG

V


FE

?

?

V

AUD/USD

4

2.3

4

3

3

5

4

EUR/AUD

9

7.3

15

10

14


10

EUR/CHF

3

2.3

7

3

3


5

EUR/GBP

4

2.3

3

3

3

5

4

EUR/JPY

3

3.3

4

3.5

3

4

4

EUR/USD

2

2.3

3

3

2

3

3

GBP/CHF

7

7.3

15

7

8

5

12

GBP/JPY

6

5.3

9

9

8

8

8

GBP/USD

4

3.3

5

4

3

5

4

USD/CAD

4

3.3

5

5

4

5

4

USD/CHF

4

3.2

5

4

3

5

4

USD/JPY

3

2.3

4

3

2

4

3

( BROKER COMPARSION CONTINUED ... )

Forex
Broker

FXSOL

GFT

FXDD

FOREX.COM

INTERBANKFX

CMS

GAIN CAPITAL

Spread Type*

?

?

FG

FG

V

?

V

AUD/USD

5


4

4

4

5

4

EUR/AUD

12




10

14

4

EUR/CHF

5


4


5

5

6

EUR/GBP

5


5


5

5

3

EUR/JPY

4


5

4

2

4

4

EUR/USD

3

3

2

3

2

3

3

GBP/CHF

12


9

4

12

10

8

GBP/JPY

10


10


12

8

6

GBP/USD

4


4

5

4

4

5

USD/CAD

5


5


6

5

5

USD/CHF

4


4

5

4

5

5

USD/JPY

3

3

3

4

3

3

4


*V - variable with all fees (average spreads taken during US markets)
FE - fixed with exceptions
FG - fixed guaranteed
FGE - fixed guaranteed with exceptions

* TradersVoiceFx ECN was better on average by 1.5 Pips out of 12 currencies and 14 of the most popular brokers.

* TradersVoiceFx Mini US Bases Account was better on average by 1 pip using 12 currencies and 14 otf the most popular brokers.

The TradersVoiceFx ECN spreads are for example only and are not guaranteed.