This article discusses the top brokers in 2021 who charged the lower spread and provided amazing facilities to the traders. And talk about how many types of spread in trading.
Introduction
This article discusses the top brokers in 2021 who charged the lower spread and provided amazing facilities to the traders. And talk about how many types of spread in trading.
What is spread?
In forex, trading spread means the difference between the buying and selling prices. For example, the buying price is 1.5698, and the selling price is 1.5692. The position of your profit depends upon the long or short period of trading. It would be best if you had the market price to be higher above the buyer rate or fall below the selling price.
How many types of spread in trading?
Generally, there are two types of spread in trading:
What is a dealing desk?
The dealing desk is the place where the forex brokers sit on any bank or an institution. When the forex market is open, many of the places financial institutions have dealing desks around the world.
What is Pip?
A Percentage in Points (Pips) is the measure between the two currencies, and it is the smallest price change on exchange rates that can be made based on the forex market. In terms of practicality, the pip is calculated in 100 of 1%.
Which is the lowest spread broker in 2021?
These are the lowest spread brokers who charge less.
It was founded in 2018, and it is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) under licence number 359/18. ETFinance is a brand nameof Magnum FX (Cyprus) Ltd. The platform offers 350+ CFDs instruments on a variety of assets like cryptocurrency, forex, stocks, metals, indices and commodities. The platform provides educational material to the traders such as VOD, ebooks, articles, courses and tutorials. The platform mainly offers three types of accounts for trading such as silver, gold and platinum.
ETFinance is a very good broker in the market with its amazing features and services towards traders.
The spread in silver account
The spread in the gold account
The spread in platinum account
TradedWell started the services in 2020 and has been providing amazing services to the traders. TradedWell is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC), and it is a brand name of Itrade Global. The platform offers 170+ CFDs instrument on assets like cryptocurrency, commodity, forex, metals, stocks and indices. There are three types of accounts that are opened in TradedWell: the silver, gold and platinum account. The broker also provides indicators to the traders such as trading signals, daily news, economic calendar.
The spread in silver account
The spread in the gold account
The spread in platinum account
101investingis an excellent broker that provides services in 2020. It is a brand name of FXBFI Broker Financial Ltd, and it is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC). The platform offered 250+ CFDs instruments on assets like forex, commodity, stocks, metals, indices and cryptocurrency. The broker provides educational material to the trader, such as articles, VOD, tutorials, courses, and ebooks.
The spread in silver account
The spread in the gold account
The spread in platinum account
The Bottom Line
These are the top lower spread brokers in the market with the best features and services for the traders.
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