Forex brokers with low spreads are especially popular among scalping supporters, because this trading strategy means opening a lot of deals within one day, and under these conditions a commission may amount up to 100 pips. To cut their costs on forex operations the traders opt for dealing desks with low spreads. There are traders who consider this to be the main selection criterion. Due to low spreads financial losses decrease, which favorably compares with the basic principles of a trader: to make profit and to secure personal funds. Brokers which are listed here offer floating and fixed spreads of different values, but always either on minimal or medium levels. Of course, it is possible to make a big initial deposit, but brokers offering micro and mini accounts allow trading bit-by-bit anyway.
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Trading on margin is high risk. Losses can exceed deposits. AFSL 391441