Forex Trading

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Comparing the Spreads of Different Forex Brokers

We periodically survey the Web pages of some major forex brokers and include their spreads information on this page. Note that we cannot verify the accuracy of the information they provide.

Forex
Broker
OANDA FXCM* forex.com** CitiFX SaxoBank*** DBFX
EUR/USD 0.9 2.3 1.6 2 2 1.5
USD/JPY 1.1 2.9 1.6 3 3 2.7
GBP/USD 2.2 3.7 1.8 4 4 3.5
USD/CHF 1.8 3.8 1.8 4 3 4
AUD/USD 1.7 3.7 1.8 4 3 4
USD/CAD 2.8 4.8 1.8 4 4 4
XAG/USD 2.5 - 4 - 5.5 -
XAU/USD 3.7 - 5.5 - 6 -

*     Advertised by FXCM as their "typical rate".
**   Advertised by forex.com as their "As low as" rate.
*** Advertised by SaxoBank as their "Minimum Trade" rate.

Forex
Broker
OANDA FXCM* forex.com** CitiFX SaxoBank*** DBFX
AUD/CAD 3.8 6.5 2 9 9 5.5
AUD/JPY 2.4 5 4 6 6 5
AUD/NZD 6 7 4.5 11 11 10
CAD/JPY 2.7 5 3.5 5 5 4
CHF/JPY 2.6 3.5 2.5 4 4 4
EUR/AUD 3 7.9 4 8 8 9
EUR/CAD 4 6 3.5 9 9 6
EUR/CHF 1 2 1 3 3 3
EUR/CZK 20 - - 30 30 -
EUR/DKK 3 - 4 5 3 6
EUR/GBP 1 2.4 0.7 3 3 3
EUR/HUF 25 - - 30 30 -
EUR/JPY 2 3.9 1.8 5 4 3
EUR/NOK 20 - 21.5 30 30 45
EUR/NZD 7.6 27 7.5 12 12 7
EUR/PLN 15 - - 27 27 -
EUR/SEK 20 - 21 30 30 23
EUR/TRY 12 - - 25 25 -
GBP/CAD 6.6 10.8 3.5 8 8 7
GBP/CHF 4 6.8 4 7 7 6
GBP/JPY 4 5.3 3.3 7 7 4
NZD/CAD 3.9 - 7.5 8 8 -
NZD/JPY 3.3 6 4 7 7 5
NZD/USD 2.4 4 1.3 3 4 4
USD/CNY 40 - - - - -
USD/CZK 10 - - 30 30 -
USD/DKK 9 - 7.5 25 25 13
USD/HKD 3 13 3.3 5 5 4
USD/HUF 10 - - 30 30 -
USD/INR 3 - - - - -
USD/MXN 40 var - 55 55 -
USD/NOK 20 - 21.5 30 30 20
USD/PLN 15 - - 35 35 -
USD/SAR 10 - - - - -
USD/SEK 10 - 21 30 30 35
USD/SGD 5 7 5 6 6 6
USD/THB 10 - - - - -
USD/TRY 9 - - 17 17 -
USD/TWD 400 - - - - -
USD/ZAR 55 - - 6 - 45

*     Advertised by FXCM as their "typical rate".
**   Advertised by forex.com as their "As low as" rate.
*** Advertised by SaxoBank as their "Minimum Trade" rate.

OANDA’s Spreads

The OANDA spreads shown here are available on OANDA’s FXTrade platform under normal market conditions. Occasionally, we need to widen our spreads due to market events, or times such as the weekend when liquidity is low.

You can verify OANDA’s spreads at any time. We post our real-time tradable spreads, and also show our spread history for the last seven days (including what happened during market events).

Questions to Ask Your Forex Broker ...

1. How often are the advertised spreads available?

Some brokers may publish "as low as" or “typical” spreads without revealing when or for how long these lower spreads are offered. But you may not get these rates when you try to trade.

(You can always see OANDA’s real-time tradable spreads and recent seven-day spreads.)

2. Do any conditions apply to receive the lowest spreads?

Some brokers post "special" rates that are only offered if deposit, lot size, trade volume, regional or other restrictions are met.

(OANDA’s FXTrade spreads are the same for all accounts, without restriction.)

See more questions to ask your forex broker.

Trading off-exchange foreign exchange on margin carries a high level of risk and is not suitable for all investors. Trading through an on-line platform carries additional risks. Please refer to our more detailed Risk Warning, and NFA's FOREX INVESTOR ALERT.