Lowest spread forex brokers: DotBig, FXTM and XM

DotBig Forex broker Reviews
5 min readNov 22, 2023

When trading with a forex broker, many traders are interested in a minimum spread. More often than not, this is one of the important requirements. A small spread helps to reduce traders’ losses. This is especially important for those who actively make investments and open and close positions during the trading day. However not all brokers can provide such an option. And some of them offer not only low fixed spreads, but variable spreads with very favorable minimum and average values.

But to benefit from investments with low spreads, you need to make large deposits. Traders are interested in cooperation with brokers that allow small deposits. It’s time to explore the available proposals on the market and choose the most relevant trading platform.

Why choose brokers with low spreads?

Agents that offer low or zero spreads are very popular with those who use scalping strategies. Scalpers make many transactions in a single day, and trading platform commissions can have a noticeable impact on overall costs. Choosing a broker with minimum spreads is a smart decision for those looking to cut costs when working with foreign currencies or cryptocurrencies. For many traders, it is the spread that is the deciding factor when choosing a broker. An agent that offers the smallest possible spread helps its clients to reduce monetary losses. Then the investor achieves his main goal, makes a profit, and protects his investment.

What brokers offer and how to choose the best one?

Modern trading platforms offer three types of commissions: fixed spread, variable spread, and commission for the amount of currency traded. Each option must be carefully evaluated to determine the most cost-effective option.

A fixed spread offers more transparent costs. The trader knows what they will be paying for and how much they will be paying each time. This spread does not depend on interbank liquidity, time of day, or trading volumes. This ensures that brokers cannot manipulate spreads in their favor.

Variable spread provides greater adaptability. This spread fluctuates and comes in three forms: lowest, average, and highest. This varies depending on the market and the broker’s policies.

The commission for the amount of currency traded or currency spread is the difference between the cost of buying and selling a certain currency. This indicator is expressed as a percentage and shows the profit of the bank.

Each option has its advantages and disadvantages. But the fixed spread is more stable and suitable for long-term transactions. As for the variable spread, it is a solution for those who use fast trading strategies. But in this case, you need to constantly monitor the size of the spread, and commissions are calculated on a case-by-case basis.

Overview of popular sites

Below, you can review the most popular forex brokers that offer low spreads. We offered you information about the best broker with the lowest spread.

FXTM

FXTM operates as a regulated brokerage company under strict supervision in many countries around the world. This includes jurisdictions such as the UK, USA, Germany, Germany, Poland, France, Spain, Italy, Turkey, China, Thailand, South Korea, Malaysia, Israel, India, and Nigeria.

FXTM clients enjoy competitive spreads and the ability to trade a wide range of currency pairs. There is also a large selection of financial instruments. The platform offers a variable spread, which is not suitable for all traders.

XM

Founded in 2017, XM Global Corporation has expanded its offerings to more than 1,000 financial instruments. The broker offers trading in currency pairs, contracts for difference (CFDs), CFDs on commodities, CFDs on indices, CFDs on precious metals, and CFDs on energy. In addition, XM boasts a selection of over 55 pairs for those interested in forex trading.

XM provides traders with two well-known online trading platforms, MetaTrader 4 and MetaTrader 5. These platforms cater to both live and practice accounts and are some of the most common options in the trading community. As far as spreads are concerned, they are some of the lowest. Many traders choose this platform precisely because of the low spread.

DotBig Review

The DotBig trading platform is one of the best and youngest brokerage companies. This platform offers a wide range of trading instruments, clients can try trading currency pairs (Forex), contracts for difference (CFDs) on company stocks, market indices, exchange-traded products, digital currencies, and exchange-traded funds. (ETFS). In addition, the firm’s clients can use trading signals and participate in copy-trading. The broker offers a low spread, fixed and because of this, many traders prefer to work on this platform.

Dotbig forex broker attracts clients with its extensive asset mix, welcome bonus, and efficient software. However, some traders may not like the lack of MetaTrader 4.

In conclusion

Once you start trading in the foreign exchange market, it is important to realize that choosing the right forex broker plays a fundamental role. After all, your broker acts as a key platform for your financial transactions and provides you with the necessary financial backing to make margin trades. It is important to note that so-called zero-spread accounts are available in the market. These trading accounts are provided by forex brokers and are characterized by no difference between the buy and sell prices. Zero-spread accounts give traders a clear idea of entry and exit points when opening positions.

With this in mind, it is important to pay special attention to choosing the right forex broker. One of the best in the market is DotBig. In the DotBig broker review, you can find all the information about this trading platform and explore the benefits of trading with it. But there is one reason why you should start working with this broker right now — low spread. But before choosing a low-spread broker, you should do your research, compare the trading conditions, and also consider other factors such as regulation, reliability, customer service, and availability of trading platforms. Also, make sure that the broker you choose is suitable for your individual trading strategies and goals.

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DotBig Forex broker Reviews

The official online Forex account broker DotBig is a platform for online trading.