A Low Spread Broker：Ranking of the Best Spreads on EURUSD
All financial transactions are bound to have certain transaction costs, and spread is an indispensable part of transaction costs.
As traders, we need to pay a spread fee for every trade we make. Spreads may vary depending on market fluctuations.
Comparison and evaluation method of spread observation: Data from March 1 to March 31 were selected to conduct average spread test on European and American currency pairs, pound and US currency pairs and foreign exchange gold of 28 platforms respectively.
Ranking of the Best Spreads on EURUSD
NO.1: Tickmill, with the average spread for the month of 1.6 and the maximum spread of 100.
NO.2: IC Markets, with the average spread in March of 1.7 and the maximum spread of 175.
NO.3: AUS Global,with the average spread in March of 2.4 and the maximum spread of 138.
NO.4: VT Markets,with the average spread in March of 3.0 and the maximum spread of 146.
Ranking of the Best Spreads on GBPUSD
NO.1: IC Markets,with the average spread for the month of 1.7 and the maximum spread of 250.
NO.2: Tickmill, with the average spread in March of 2.8 and the maximum spread of 200.
NO.3: VT Markets,with the average spread in March of 3.4 and the maximum spread of 200.
NO.4: AUS Global,with the average spread in March of 3.9 and the maximum spread of 140.
Ranking of the Best Spreads on XAUUSD
NO.1: AUS Global,with the average spread for the month of 6.1 and the maximum spread of 189.
NO.2: IC Markets,with the average spread in March of 7.1 and the maximum spread of 598.
NO.3: VT Markets,with the average spread in March of 7.9 and the maximum spread of 25.
NO.4: Tickmill, with the average spread in March of 12.0 and the maximum spread of 429.
Comprehensive review:
The review reveals that Tickmill, IC Markets, AUS Global,and VT Markets have shown excellent average spread performance across the four currency pairs.However, it is important to note that their spreads varied across different pairs.Additionally, platforms such as Doo Prime, XM, and ThinkMarkets have also demonstrated good average spread performance.
For those interested in using Brokersview’s data as a basis for selecting a trading platform, it is recommended to visit the column “BV Assessment” for more comprehensive details.
