18 Best Fixed Spread Forex Brokers – ( Reviewed ) 2025

According to research in South Africa, Spreads are one of the most important factors to consider when choosing a broker in the Forex market. Forex traders looking for “tight” or “narrow” spreads will find what they need in this list of 18 best Forex brokers with Fixed spreads in 2025.

A spread, in simple terms, means the difference in prices between where a trader will buy or sell a basic asset, the difference between the bid price and the ask price

There are two main types of spread offering, which is either the fixed spread or the variable or floating one.

The Fixed Spread is fixed to the particular charge made by the broker which remains the same under any market conditions, no matter how volatile a market might get.

This makes your trading environment a lot more stable and makes it easier to calculate the total trading cost.

You will find in the following, a comprehensive list of the 18 best Fixed Spread Forex Brokers according to research in South Africa.  This is list is not ranked in any particular order but is rather a comprehensive list of great brokers to choose from.

XM

XM Global, established in 2017, is regulated by the International Financial Services Commission.

They offer more than 1000 financial instruments which includes Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs and Energies CFDs as well as over 55 currency pairs for Forex trading and their platform is used by over 70,000 traders.

XM have two trading platforms which are accessible from both real and demo accounts; both MetaTrader 4 and MetaTrader 5, the most widely used platforms in trading.

They are an award winning broker with some of their recent awards listed here: Best FX Service Provider for 2025 awarded by City of Wealth Management Awards 2025, Best Customer Service Global 2019 awarded by Capital Finance International Magazine, Best Market Research and Education Global 2019 awarded by Capital Finance International Magazine, and Best FX Service Provider awarded by City of London Wealth Management Awards 2019.

Features

• Scalping is allowed
• Negative balance protection is offered
• Low min deposit
• Offers Negative Balance Protection
• Hedging is allowed

Pros and Cons

GO Markets

GO Markets, established in 2006, is a leading Australian broker with offices in Melbourne, London, Taipei and Hong Kong.

GO Markets boasts over 10,000 traders and offers more than 350 tradeable CFD instruments including Forex, Shares, Indices and Commodities and Cryptocurrencies.

Features

• Hedging and Scalping are allowed
• Offers STP
• Regulated by ASIC
• Offers Negative Balance Protection

Pros and Cons

AvaTrade

AvaTrade, founded in 2006, has their headquarters in Dublin, Ireland but they also have offices  in Japan, Australia, Ireland, and the British Virgin Islands as well as sales offices in Paris, Milan, Madrid, Mongolia, Beijing, Nigeria, Santiago, and South Africa.

AvaTrade is highly regulated in many global markets.  They are part of regulated bodies in Europe, the British Virgin Islands, Australia, Japan, and South Africa.

AvaTrade offers more than 250 instruments which include more than 60 currency pairs, major stock indices, cryptocurrencies, commodities, bonds, individual shares and ETFs.

Features

• A range of automated trading platforms
• Client funds are held in segregated accounts for increased security
• Desktop, tablet, mobile and web trading
• Platforms include MetaTrader 4, MetaTrader 5 and AvaTradeGO
• Trading websites in more than 20 languages

Pros and Cons

Exness

Exness, founded in 2008, is a Russian based broker that offers access to a variety of financial instruments to trade, including Forex, Crypto, Stocks and Indices, including 120 currency pairs to choose from.

The broker has more than 80,000 active traders and growing, since they have approximately 15,000 new accounts opened each month.  They also boast a monthly trading volume of more than $180 billion.

Exness is highly regulated with licences from the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Authority (FSA) of Seychelles.

Their website is available in 23 different languages including English, Chinese, Russian, Vietnamese, Farsi, Hindi, Urdu, Tamil, Thai, Bengali, Indonesian, and Malay.

Features

• 24/5 customer support in 13 languages.
• Tight spreads from 0.1 pips

• Transparency in commissions and fees
• Funds can be instantly withdrawn
• Client funds are in segregated accounts
• Copy trading system

Pros and Cons

HotForex

HotForex, founded in 2010, has its headquarters in Cyprus with other offices located in Dubai and South Africa and offshore entities in St Vincent and the Grenadines.

They offer 150+ trading instruments across Forex, Commodities, Indices, Shares, Bonds and Cryptocurrency CFDs over 6 core trading accounts. Every account type at HotForex offers commission-free trading for Forex pairs.

HotForex is listed as one of the Top 100 Companies by World Finance Magazine and they’ve achieved significant awards in the industry.

Features

• Great range of markets
• Offers Negative Balance Protection
• Civil Liability Insurance for broker protection and security
• Many Premium MetaTrader tools provided

Pros and Cons

Alpari

Alpari, established in 1998, was relaunched in 2014 and is based in and regulated by the Financial Services Commission (FSC) of the Republic of Mauritius.

Alpari offers access to more than 250 markets in Forex, Stocks, Indices, Metals and Cryptocurrencies and boast having more than $1.3 trillion in trading turnover per year.

They offer both the MetaTrader 4 and MetaTrader 5 platforms on Desktop, Web and Mobile formats and also provide a demo account and great educational resources. In addition,

Features

• Maximum leverage as high as 1000 to 1
• Over 60 Forex currency pairs and crosses available for trading
• Low min deposit
• Choice between ECN and market-maker execution models
• Regulated by an offshore industry center (FSC Mauritius)

Pros and Cons

FP Markets

FP Markets, founded in 2005, is an Australian CFD and Forex broker that is regulated by the Australian ASIC and the Cypriot CySEC.

FP Markets offer over 50 currency pairs, gold, silver, CFDs, Indices, stocks and cryptos to trade with on either the MT4, MT5 platforms.

Features

• Leverage is 500:1 when trading currency.
• Offer Direct Markets Access (DMA)
• ASIC & CySEC Regulated broker
• Demo Account for beginning traders
• 50 plus currency pairings to trade

Pros and Cons

FXTM

FXTM, founded in 2012, direct their central operations from Cyprus and also have offices in the UK, Germany, Poland, France, Spain, Italy, Turkey, China, Thailand, South Korea, Malaysia, India and Nigeria.

They offer trading in all currency pairs as well as a wide range of other financial products

They are highly regulated in the UK, South Africa, Belize, Cyprus and Mauritius and also boast an impressive list of awards.

Features

• Allows hedging
• Fast and easy account opening
• Low min deposit
• Great selection of educational tools
• Low stock index CFD fees
• Spreads as low as 0.1 pip for a standard account and 0 pips for ECN based trading accounts

Pros and Cons

XTB

XTB, founded in 2002, has offices in more than 13 countries including the UK, Poland, Germany, France and Turkey with headquarters based in London and Warsaw.

The company offers a wide range of financial instruments through its standard and pro account types, including CFD, Crypto and Forex trading.

Features

• Award winning platform
• Lots of educational materials offered
• Regulated by top-tier FCA
• Fully digital account opening and trading
• Offers Negative Balance Protection

Pros and Cons

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OctaFx

OctaFx, established in 2011, is a Kingston based brokerage firm that is part of the Octa Markets and has a subsidiary in Cyprus by the name of Octa Markets Cyprus Ltd. They are based Jakarta, Indonesia with offices in St. Vincent and the Grenadines.

They are an (STP) ECN Forex broker that offer both the MetaTrader and cTrader platforms that give access to all major currency pairs and commodities with a leverage of 1:500.

OctaFx started with its focus on the Asian market but have grown significantly to more than 100 countries worldwide.

Features

• First time deposit match of 50%
• Unlimited demo account
• Spread offerings among the most competitive in the Forex industry.
• Great advanced technology
• Extensive research and educational resources
• Over 300,000+ traders worldwide

Pros and Cons

Forex.com

Forex.com, established in 2001, is a global FX and CFD brokerage firm that is the brand name of GAIN Capital. They offer over 4,500 CFD instruments to trade with and they allow access to over 180 markets which include Forex pairs, stocks, indices, cryptocurrencies and commodities.

Forex.com is listed on the New York Stock Exchange and is regulated by several financial authorities, including the top-tier Financial Conduct Authority (FCA) in the UK or the US Commodity Futures Trading Commission (CFTC).

In 2025 Forex.com earned Best in Class (top 7) awards for numerous categories including Offering of Investments, Commissions & Fees, Education, Professional Trading, Crypto Trading, Ease of Use, and Overall.

Features

• Over 40,000 traders
• Regulated by several authorities
• Diverse technical research tools
• TradingView charts built into platform
• Great mobile and desktop functionality

Pros and Cons

FxPro

FxPro UK, founded in 2006, is a subsidiary of FxPro Group Limited. They boast over 870,000 client accounts in 173 countries and are regulated by the FCA and CySEC, and FSB (FSCA).

They are known for their incredible execution speeds, with an average execution time of less than 11.06 milliseconds. They process approximately 7 000 orders per second.

FxPro have garnered over 70 international and UK awards to date which include:

Most Reliable Broker of the Year 2019, “International Investor” Magazine

Best FX provider of the Year 2019, Online Personal Wealth Awards

Best Tablet Application 2019, Online Personal Wealth Awards

Best European Value Broker of the Year 2019, Global Forex Awards

Best Global Forex Introducing Broker Programme 2019, Global Forex Awards

Best European Forex Trading Platform 2019, Global Forex Awards

Best MetaTrader Broker 2019, ForexBrokers com

Best in Class of Commissions & Fees, ForexBrokers com

5-stars MetaTrader Broker 2019, ForexBrokers com

Features

• No dealing desk and very fast execution of trade speeds
• Company capital in excess of 1 million British Pounds
• Incredibly fast execution speeds
• No dealing desk
• Winner of Multiple awards

• Good customer service with 24/7 Support

Pros and Cons

City Index

City Index, founded in 1983, is a London based brokerage firm that, as part of GAIN Capital Group, has more than 35 years of experience.  They have more than 12 000 markets to choose from across Forex, Indices, Shares and Commodities.

They are a global Spread Betting, FX and CFD Trading provider which is listed on the  New York Stock Exchange and regulated by top-tier financial authorities such as the Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC) or Monetary Authority of Singapore (MAS).

City Index’s Trading Academy is a top-notch educational program which provides a host of videos covering a host of subjects as well as webinars.

Their in-depth market analysis and research covers all asset classes via articles and webinars which makes their educational offering great for both the beginner and more experienced traders.

Features

• Top notch trading platform and multiple platforms.
• Great market analysis
• Great research tools
• 12,000+ instruments to trade

Pros and Cons

Trading 212

Trading 212, founded in 2006, is based in London, UK with offices in Argentina, Chile, Mexico, China, Russia, Italy, Poland, Spain, Germany and more.

They offer trading in equities, currencies, commodities, stocks, indices and cryptocurrencies and are known for using the best technology to offer the fastest execution of orders and the best connections with liquidity providers.

Trading 212 offer zero-commission stock trading in the UK and Europe, which made trading available to many more people.

Features

• 3,000+ global stocks and ETF’s
• Fractional Shares
• Unlimited instant trades
• No fees
• No commission on investing
• 40,000+ traders

Pros and Cons

 Swissquote

Swissquote Bank is a Swiss Forex broker and a major European bank that is known for their reliability and customer support which is offered in multiple languages such as Chinese, English, French, German and Spanish over multiple channels such as, Email, Phone and Live chat.

Swissquote offer sixty currency pairs and also offer other financial instruments such as stocks, energies and commodities.

They offer 3 different platforms to choose from and they are also optimized for mobile devices with IOS, Android and Windows mobile operating systems. The mobile versions of the Swissquote platforms have full functionality as well.

Features

• Boasts 330,000+ traders
• Allows scalping
• Allows hedging
• Demo Account offered
• Highly regulated by FCA

Pros and Cons

EasyMarkets

EasyMarkets was founded in 2001 and  is a highly regulated CFD and Forex broker.  They give access to trading CFDs on commodities, forex, shares, indices and cryptocurrency.

They are known to be a beginner-friendly Forex broker with a user intuitive web-based service. They also have a comprehensive offering of educational and training resources.

Other beginner-friendly features they provide are their low freeze rate and deal cancellation policies.

EasyMarkets also provided great value adds which included latest news headlines and a financial calendar. These features are important for real-time analysis and can help to maximise profits.

Features

• Offers a low Freeze rate
• Offers deal cancellation
• easyTrade tool to set their risk limits, durations of trade and potential payouts
• Provides latest news headlines
• Provides a financial calendar
• Trading Central charting and signals

Pros and Cons

FBS

FBS was founded in 2009 and is a Cyprus based brokerage firm.  They serve clients from over 190 countries and are under strict regulation from the CySEC and the IFSC.

FBS has a great selection of account types and offers some of the lowest capital requirements for their traders.  They offer a wide selection of trading education videos and articles for any level trader

FBS have been given over 40 awards including:

Best broker in the Middle East, 2018

Most Transparent Forex Broker, 2018

Best Forex Trading Account, 2018

Best Copy Trading Application Global, 2018

Best Forex Broker Asia, 2018

Most Progressive Forex Broker Europe, 2019

Best Forex Broker Vietnam, 2019

Features

• Over 14 000 000 traders and 370 000 partners
• Commissions covered by FBS
• Leverage of up to 1:3000
• Offers bonuses to new traders
• Low spreads and comms (from 0 pips)

Pros and Cons

MarketsX

MarketsX founded in 2008, was first launched as GFC Markets but rebranded as Markets.com in 2010 following the merger between Safecap Investments LTD, the owner of GFC Markets, and TradeFX.  It was then rebranded in 2015 when Playtech PLC acquired the company to rename itself MarketsX.

MarketsX is regulated by four major regulators, (the CySEC, FSCA, ASIC and the FCA) under several different operating names.

The company underwent a massive restructuring in 2016, selling its binary options platform TopOption, and reducing its workforce.

They offer more than 2,200 assets covering Stocks, Indices, Currencies, Commodities, Cryptocurrencies, Bonds, ETFs and even IPOs.

MarketsX also offer three trading platforms and allows traders to trade commission-free, with costs just related to spreads.

Features

• They offer more than 70 global currency pairs to trade with
• No Forex trading commissions
• They offer more than 2,200 assets to trade with
• Regulated by 4 major financial regulators
• Good customer service with 24/7 Support

Pros and Cons

Read 🥇 Best Over the Counter (OTC) Forex Brokers – ( Reviewed ) 2025

In conclusion

Spreads are one of the most important factors to consider when choosing a broker in the Forex market. Every currency pair you trade will have a spread, which is simply the cost of trading a security.

Forex traders look for “tight” or “narrow” spreads.

Most of the time, Forex spreads are floating, which means they are influenced by market forces like supply, demand and newsworthy events as well as activity and volatility in the market.

With a floating spread, it is very difficult to determine how much you will pay for a currency pair, but generally, the more active the trading session the higher the spread.

When spreads are “tight” or “narrow,” the cost of trading is relatively low. But, because market conditions can change quickly, and often with no warning, there is never a guarantee that your spread will be desirable. For this reason, many traders prefer fixed spreads.

Fixed spreads guarantee that the spread is constant, regardless of market conditions. For the reason, fixed spreads do a much better job of protecting against the volatility that is often present in the Forex market. This list of 18 best Forex brokers with Fixed spreads in 2025 are worth investigating further, according to research in South Africa.

Frequently Asked Questions

What are the advantages of trading with a fixed spread forex broker?

Trading with fixed spread brokers will help you to know what your bottom line is, eg. the spread cost regardless of  market conditions. Fixed spreads translates to transparent costs and a reduction in your cost of trading. Fixed spreads safeguards against market volatility.  Short term strategies can play out more effectively.

Is fixed spreads better than variable spreads?

With fixed spreads traders can rely on consistency and predictability regardless of the market liquidity as opposed to variable spreads that tend to lower costs only during times of limited market activity.

What is dynamic spread in forex trading?

Dynamic spread is a spread mechanism that is adjusted consistently according to the market spread for the duration of time that a position is open

What does a tight spread mean?

Tight spreads are the hallmark of a tight market where the bid/ask spreads are narrow. A tight market is typically characterized by an abundance of market liquidity and high trading volumes that leads to intense price competition on the side of buyers and sellers which in turn, leads to tight spreads.