Thaumatology
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When it comes to forex trading, the costs can quickly add up. Between commissions, spreads, and other fees, it's not uncommon for the average trader to spend hundreds of dollars per month just to keep their account open.
But, traders can manage all those expenses by selecting a low-cost broker.
What is a low-cost broker?
A low-cost forex broker is simply a broker that charges lower fees than the average broker. This can mean lower commissions, lower spreads, or both.
So why would you want to trade with a low-cost forex broker? Simply put, to save money. This is the most obvious benefit of trading with a low-cost broker. By spending less on fees, you'll have more money available to invest in your trading account. And over time, those savings can really add up. This way, you will get better value for your money:
Here are the top 7 low cost regulated forex brokers -
1) AAAFX AAAFx
Minimum deposit - $10
Spreads - 0.1 pips
Commission - $0.99 per lot per side
2) ICMarkets - CFD & Forex Trading | Stocks & CFDs on Commodities | IC Markets
Minimum deposit - $200
Spreads- - 0.2 pips
Commission -$3.5 per lot per size (Raw spread)/ $3 per lot per size (standard) depending on the account
3) Fxview Fxview - True ECN Broker | Cysec Regulated
Minimum deposit - $50
Spreads - 0.1 pips
Commission - $1 per lot per side
4) Tickmill - Forex Brokers | Low Spread High Leverage CFD Stock & Commodities Online Broker
Minimum deposit - $100
Spreads - 0.0 pips
Commission - $2 per lot per side
5) Pepperstone - Pepperstone Forex Trading | Master The Trade with Pepperstone
Minimum deposit - AUD 200
Spreads - beginning from 0.17
Commission - starting with $3.5 per side
6) XM - https://www.xm.com/
Minimum Deposit: $5
Spreads: From 0 6 pips onwards
Commission: Nil
7) IG - https://www.ig.com/en
Minimum Deposit -$100 USD
Spreads: From 0.8 pips
Commission: Included in spreads
But, traders can manage all those expenses by selecting a low-cost broker.
What is a low-cost broker?
A low-cost forex broker is simply a broker that charges lower fees than the average broker. This can mean lower commissions, lower spreads, or both.
So why would you want to trade with a low-cost forex broker? Simply put, to save money. This is the most obvious benefit of trading with a low-cost broker. By spending less on fees, you'll have more money available to invest in your trading account. And over time, those savings can really add up. This way, you will get better value for your money:
Here are the top 7 low cost regulated forex brokers -
1) AAAFX AAAFx
Minimum deposit - $10
Spreads - 0.1 pips
Commission - $0.99 per lot per side
2) ICMarkets - CFD & Forex Trading | Stocks & CFDs on Commodities | IC Markets
Minimum deposit - $200
Spreads- - 0.2 pips
Commission -$3.5 per lot per size (Raw spread)/ $3 per lot per size (standard) depending on the account
3) Fxview Fxview - True ECN Broker | Cysec Regulated
Minimum deposit - $50
Spreads - 0.1 pips
Commission - $1 per lot per side
4) Tickmill - Forex Brokers | Low Spread High Leverage CFD Stock & Commodities Online Broker
Minimum deposit - $100
Spreads - 0.0 pips
Commission - $2 per lot per side
5) Pepperstone - Pepperstone Forex Trading | Master The Trade with Pepperstone
Minimum deposit - AUD 200
Spreads - beginning from 0.17
Commission - starting with $3.5 per side
6) XM - https://www.xm.com/
Minimum Deposit: $5
Spreads: From 0 6 pips onwards
Commission: Nil
7) IG - https://www.ig.com/en
Minimum Deposit -$100 USD
Spreads: From 0.8 pips
Commission: Included in spreads