Forex Brokers with Fixed Spreads

Compare Forex brokers in Malaysia with fixed spreads, whatever the market conditions. Make the most of market volatility.

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Best brokers

1. AvaTrade Best Mobile Trading Platform 2021
2. HYCM Best Forex Broker UAE, 2022
3. eToro Best Trading Platform, 2013 - Star Awards
4. PrimeXBT Best Platform for Margin Trading, 2020 - ADVFN
5. NordFX Best Customer Support, 2021

Broker reviews

#1

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AvaTrade (AvaTrade.com) is an award-winning online broker. Trade CFDs on Forex, crypto-currencies, shares, metals and more on MetaTrader 4 or 5. AvaTrade accepts all Expert Advisors except those with a focus on arbitrage.

• Risk warning: 77.82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
• Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD), Bonds (CFD)
  * Availability subject to regulation.
• Platforms: MetaTrader 4, MetaTrader 5, Copy trading
• Regulators: Australia, BVI, Cyprus (EU), Gibraltar, Israel, Japan, South Africa, UAE

• Accounts

AvaTrade Account [BVI]  ▷ AvaTrade Account [BVI]: Trade 55 currency pairs on fixed spreads, plus CFDs on crypto-currencies, stocks, indices, bonds and commodities. This account, registered in the British Virgin Islands, has significantly higher leverage.
$100 deposit	1:400 leverage	Instant execution	▷

AvaTrade Account [EU]  ▷ AvaTrade Account [EU]: Trade 55 currency pairs on fixed spreads, plus CFDs on crypto-currencies, stocks, indices, bonds and commodities.
$100 deposit	1:30 leverage	Instant execution	▷

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Islamic Account [BVI]  ▷ Islamic Account [BVI]: Trade a wide range of financial instruments with a Shariah compliant account. AvaTrade does not charge rollover fees or swaps on overnight positions. You cannot invest in crypto-currencies through this account. This...more ▷ Islamic Account [BVI]: Trade a wide range of financial instruments with a Shariah compliant account. AvaTrade does not charge rollover fees or swaps on overnight positions. You cannot invest in crypto-currencies through this account. This account, registered in the British Virgin Islands, has significantly higher leverage.
$100 deposit	1:400 leverage	Instant execution	▷

Islamic Account [EU]  ▷ Islamic Account [EU]: Trade a wide range of financial instruments with a Shariah compliant account. AvaTrade does not charge rollover fees or swaps on overnight positions. You cannot invest in crypto-currencies through this account.
$100 deposit	1:30 leverage	Instant execution	▷

Professional Account [EU]  ▷ Professional Account [EU]: Trade 55 currency pairs on fixed spreads, plus CFDs on crypto-currencies, stocks, indices, bonds and commodities. Access high leverage up to 1:400 with this account for professional traders.
$100 deposit	1:400 leverage	Instant execution	▷

#2

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HYCM (HYCM.com), formerly HY Markets, is an award-winning regulated online broker. Trade over 300 instruments on fixed or variable spreads over MetaTrader 4 or 5.

• Risk warning: 85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
• Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD)
  * Availability subject to regulation.
• Platforms: MetaTrader 4, MetaTrader 5
• Regulators: Cayman Islands, Cyprus (EU), Saint Vincent and the Grenadines, UAE, UK

• Accounts

Fixed Account  ▷ Fixed Account: Trade CFDs on fixed spreads from 1.8 pips on MetaTrader 4 or 5. No support for Expert Advisors. This account is available in Islamic format upon request.
$100 deposit	1:500 leverage	Instant execution	▷

#3

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eToro is the world's largest social trading platform, trusted by over 20 million users. Access a wide range of markets from a single platform, on the Web or your phone. Easily follow and copy other investors if you want to.

• Risk warning: eToro AUS Capital Ltd ACN 612 791 803 AFSL 491139. OTC Derivatives are speculative and leveraged. Not suitable for all investors. Capital at risk. See PDS and TMD.
• Markets: NA
  * Availability subject to regulation.
• Platforms: Copy trading
• Regulators: Australia, Cyprus (EU), Seychelles, UK

• Accounts

eToro Account [EU]  ▷ eToro Account [EU]: Trade 47 currency pairs and a wide range of other asset classes through a single platform. Get free and unlimited access to trading courses and webinars.
$Variable deposit	1:30 leverage	Instant execution	▷

Gold Account [EU]  ▷ Gold Account [EU]: Access live webinars plus eToro's exclusive weekly market analysis updates and hand-picked partner apps when your account's equity exceeds US$ 10,000.
$10000 deposit	1:30 leverage	Instant execution	▷

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Platinum Account [EU]  ▷ Platinum Account [EU]: Get a 50% discount on foreign exchange fees, a 100% discount on withdrawal fees, a personalised account manager plus all the benefits of a Gold account, when your account's equity exceeds USD 50,000.
$50000 deposit	1:30 leverage	Instant execution	▷

Islamic Account [EU]  ▷ Islamic Account [EU]: Trade 47 currency pairs and a wide range of other asset classes through a single platform. To open an Islamic account, open your account here and contact your account manager to request Shariah trading before making...more ▷ Islamic Account [EU]: Trade 47 currency pairs and a wide range of other asset classes through a single platform. To open an Islamic account, open your account here and contact your account manager to request Shariah trading before making your first trade.
$1000 deposit	1:30 leverage	Instant execution	▷

Corporate Account [EU]  ▷ Corporate Account [EU]: This eToro account is for sole proprietorships, partnerships or corporations. This account does not support PayPal payments.
$10000 deposit	1:30 leverage	Instant execution	▷

Professional Account [EU]  ▷ Professional Account [EU]: Get more leverage with this account designed for professional traders. Visit eToro's website to see whether you qualify.
$Variable deposit	1:400 leverage	Instant execution	▷

#4

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Start trading in minutes, without ID verification, from a low $250 deposit with leverage up to 1:1000. PrimeXBT.com was voted "Best Platform for Trading with Leverage" in 2020 and "Best Crypto and Forex Broker" in 2019.

• Markets: Forex (CFD), Cryptos (CFD)*, Indices (CFD), Metals (CFD), Energy (CFD)
  * Availability subject to regulation.
• Platforms: Copy trading, Mirror trading
• Regulators: Saint Vincent and the Grenadines

• Accounts

Trading Account  ▷ Trading Account: Trade over 100 instruments across crypto-currencies, Forex, commodities and global stock indices. Open an account in minutes from $250 (in BTC, ETH or USDC).
$250 deposit	1:1000 leverage	Market execution	▷

#5

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NordFX (NordFX.com) is an international Forex broker serving traders worldwide from its headquarters in Mauritius.

• Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD)
  * Availability subject to regulation.
• Platforms: MetaTrader 4, Copy trading
• Regulators: Vanuatu

• Accounts

Fix Account  ▷ Fix Account: Trade 28 currency pairs and CFDs on crytpo-currencies, metals and indices on fixed spreads. Get instant execution. Automated trading is allowed.
$10 deposit	1:1000 leverage	Instant execution	▷

#6

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• Risk warning: 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
• Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD), Bonds (CFD)
  * Availability subject to regulation.
• Platforms: MetaTrader 4, Mirror trading
• Regulators: Australia, Belarus, Canada, Cyprus (EU), UK

• Accounts

Standard Account  ▷ Standard Account: Trade a wide range of asset classes on fixed spreads through MetaTrader 4. This includes Forex as well as CFDs on stocks, indices, energies, commodities and US Treasuries.
$100 deposit	1:30 leverage	Instant execution	▷

Islamic Account  ▷ Islamic Account: Trade CFDs on Forex, stocks, indices and commodities with a swap-free Islamic MetaTrader 4 account. This account has no swap-charges, however, spreads are 4 pips wider across 24 Forex pairs. Please note that Fortrade...more ▷ Islamic Account: Trade CFDs on Forex, stocks, indices and commodities with a swap-free Islamic MetaTrader 4 account. This account has no swap-charges, however, spreads are 4 pips wider across 24 Forex pairs. Please note that Fortrade levies an administrative fee on positions held overnight between Wednesday and Thursday.
$100 deposit	1:30 leverage	Instant execution	▷

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Professional Account [EU]  ▷ Professional Account [EU]: This account, designed for EU clients classified as professional clients, enjoys higher leverage.
$100 deposit	1:200 leverage	Instant execution	▷

As a trader, you can choose between brokers with fixed and variable spreads. This article discusses the pros and cons of trading Forex on fixed spreads.

Fixed vs. variable spreads

The spread is the difference between the buy and the sell price of a currency pair at a point in time. If your broker quotes EUR/USD at 1.5602/05, this translates into a 3 pip spread.

• If your broker quotes fixed spreads, the difference between the buy and sell prices of each currency pair should be the same at all times, whatever the market conditions. Fixed EUR/USD spreads usually range between 2 to 3 pips depending on the broker but in the region of 1 pip with an AvaTrade trading account (AvaTrade.com).
• If your broker quotes floating spreads, you'll face wider spreads during volatile market conditions and tight spreads the rest of the time. EUR/USD spreads typically vary between 1 and 4 pips under normal market conditions. However, they have been known to widen up to 8 pips and beyond under extreme market conditions.

Advantages of fixed spreads

News events, data releases or the start of a new trading session can move the markets in a big way. This creates opportunities to profit from price jumps. However, it can also catch you off guard as spreads often widen substantially around those times.

A broker with fixed spreads will shield you from wild swings in spreads. This will work in your favour if you plan to trade around news events, data releases or simply day trade. If you're new to Forex trading, you'll find that fixed spreads provide a more predictable trading environment and help mitigate risks as you learn the ropes.

Disadvantages of fixed spreads

However, fixed spreads mean you're likely to pay wider spreads under normal market conditions. In other words, you'll pay for certainty of pricing during volatile market conditions in the form of marginally wider spreads at all other times.

For example, you could pay between anywhere between 1 and 2 pips for EUR/STP with an STP broker on variable spreads. And if you can afford to invest a large deposit upfront, you could trade EUR/USD from 0 pips with an ECN broker on a commission basis

In short, fixed spreads provide a more predictable trading environment albeit at a premium. This could work for you if you plan to trade in volatile market conditions or value piece of mind of you learn the basics of Forex trading.