Comparing the Spreads of Different Forex Brokers

Updated May 1, 2010

We periodically review web pages 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.

All fees and commissions if (applicable) have been added for a true comparison.

Please contact us if you have any additional information.

 

Forex
Broker

Axis

ACT

Meta

 FXDD

MTX

 SAXO 

  CMC  

MG

FOREX

  GCI   

Spread Type*

FGE

V

FE

?

?

V

AUD/USD

3

4

3

3

5

4

EUR/AUD

10

15

10

14

 

10

EUR/CHF

4

7

3

3

 

5

EUR/GBP

4

3

3

3

5

4

EUR/JPY

3

4

3.5

3

4

4

EUR/USD

2

3

3

2

3

3

GBP/CHF

6

15

7

8

5

12

GBP/JPY

5

9

9

8

8

8

GBP/USD

3

5

4

3

5

4

USD/CAD

5

5

5

4

5

4

USD/CHF

3

5

4

3

5

4

USD/JPY

2

4

3

2

4

3

( BROKER COMPARSION CONTINUED ... )

Forex
Broker

FXSOL

  GFT  

 FXDD 

INTER-

BANKFX

CMS

GAIN

CAPITAL

Spread Type*

?

V

FG

V

?

V

AUD/USD

5

3

4.5

4

5

4

EUR/AUD

12

10

7.5

10

14

9

EUR/CHF

5

4

7.5

5

5

4

EUR/GBP

5

3

4.5

5

5

4

EUR/JPY

4

3

5.5

2

4

4

EUR/USD

3

2

2.5

2

3

2

GBP/CHF

12

8

12

12

10

10

GBP/JPY

10

8

9.5

12

8

9

GBP/USD

4

4

5.5

4

4

5

USD/CAD

5

5

6.5

6

5

9

USD/CHF

4

4

4.5

4

5

4

USD/JPY

3

2

3.5

3

3

3


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

* TradersVoiceFX.com was better on average by 1 Pips out of 12 currencies and 14 of the most popular brokers.

The TradersVoiceFX.com  spreads are for example only and are not guaranteed.