Forex Brokers with Fixed Spreads
Compare Forex brokers in Saudi Arabia with fixed spreads, whatever the market conditions, to make the most of market volatility.
Brokers we recommend
- Min. deposit: $100
- Platforms: MT4, MT5, Copy trading
- Regulators: Australia, BVI, Cyprus (EU), Ireland, Israel, Japan, South Africa, UAE
AvaTrade.com is an award-winning online broker in business since 2006. Trade CFDs on all asset classes, from Forex to ETFs and bonds. Its service appeals to novice and experienced traders alike.
- Min. deposit: $100
- Platforms: MT4, MT5
- Regulators: Cayman Islands, Cyprus (EU), St. Vincent & the Grenadines, UAE, UK
HYCM.com is an award-winning regulated online broker suitable for day traders as well as long-term investors. It's also an established broker, in business since 1999.
- Min. deposit: $100
- Platforms: MT4
- Regulators: Australia, Canada, Cyprus (EU), Mauritius, UK
Fortrade is a global broker, regulated in 5 jurisdictions. Trade over 550 instruments across all markets with up to 1:200 leverage. Its selection of North American and European stocks is a standout feature.
- Min. deposit: $250
- Platforms: MT5, Copy trading
- Regulators: Seychelles, St. Lucia
Start trading in minutes, without ID verification, from a low $250 deposit with leverage up to 1:1000. PrimeXBT.com was voted "Best Cryptocurrency Broker" in 2024.
Comparison table
We rate brokers across 5 categories and 18 criteria, following a standardised methodology. Here are our overall and category-specific ratings:
| AvaTrade | HYCM | Fortrade | PrimeXBT | |
|---|---|---|---|---|
| Forex (CFD) | ||||
| Cryptos (CFD)* | ||||
| Stocks (CFD) | ||||
| Indices (CFD) | ||||
| Metals (CFD) | ||||
| Energy (CFD) | ||||
| Commodities (CFD) | ||||
| ETFs (CFD) | ||||
| Bonds (CFD) |
* Availability is subject to local laws and regulations.
Some brokers allow you to choose between trading on fixed and variable spreads. Understand 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 1.0602/05, 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.com trading account.
- 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.
Share this article:
About the author
I'm Stefan, a trader and an entrepreneur. My mission with TrustedBrokers is to help you find the right broker for you, whether you're a beginner or a pro. I've personally used and tested the brokers mentioned in this article. I started my career in investment banking in London as an FCA-approved person.