How Low-Cost Brokers Help Reduce Trading Cost

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
 
Low cost brokers are helpful for beginners, it is possible for anybody to enter the market because of low min deposit requirements.
 
I always look for these 2 things - spreads and commissions - before I start using a broker. No active trader would spend more on spreads and commission as this would significantly impact the profit.
 
It's super important to look at costs when researching brokers, as this directly affects how much of your profits actually wind up in your pockets. Being able to open a trading account with a low deposit around $10 - $100 is also a huge benefit to beginners that may be hesitant to deposit more or whom just don't have a lot to start with.
 
For beginner, they can start with $10 in micro account FXOpen, the advantage of micro account is we can start trading with lower risk, we can use 0.01 microlot in micro account.
 
It's super important to look at costs when researching brokers, as this directly affects how much of your profits actually wind up in your pockets. Being able to open a trading account with a low deposit around $10 - $100 is also a huge benefit to beginners that may be hesitant to deposit more or whom just don't have a lot to start with.

Couldn’t agree more! Always better to stick the toe in the pool to test the water before jumping in.
 
I use XM for many years. It offers a range of over 50 currency pairs and CFDs on cryptocurrencies, precious metals, energies and equity indices, with the most competitive spreads and with the no rejection of orders and re-quotes execution of XM.
Different account types to choose from, like ultra low micro account, which will greatly reduce the trading threshold.
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Open account link: https://www.xm.com/
 
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