How Does Your Forex Broker Compare?
Forex Spreads (in pips)
| Currency Pair |
TradeStation
"As Low as" |
FXCM
"Typical Rate" |
Forex.com
"Typical" |
CitiFX
"Target Spread" |
GFT |
FX Solutions |
EUR / USD
Euro - U.S. Dollar |
1.2 |
2.3 |
1.9 |
1.6 |
0.8 |
3 |
USD / JPY
U.S. Dollar - Japanese Yen |
1 |
2.4 |
1.9 |
1.9 |
0.8 |
3 |
GBP / USD
British Pound - U.S. Dollar |
1.5 |
3 |
2.9 |
2.3 |
0.8 |
4 |
USD / CHF
U.S. Dollar - Swiss Franc |
1.5 |
3 |
2.9 |
2.4 |
0.8 |
4 |
AUD / USD
Australian Dollar - U.S. Dollar |
1.5 |
3.1 |
2.5 |
2.4 |
0.8 |
4 |
EUR / JPY
Euro - Japanese Yen |
1.5 |
3.1 |
2.9 |
2.5 |
1 |
4 |
NZD / USD
New Zealand Dollar - U.S. Dollar |
2 |
4 |
3.3 |
3.5 |
0.8 |
4 |
USD / CAD
U.S. Dollar - Canadian Dollar |
1.5 |
3.7 |
3.0 |
3.5 |
2 |
4 |
GBP / JPY
British Pound - Japanese Yen |
3 |
5.4 |
4.6 |
5 |
2 |
7 |
AUD / JPY
Australian Dollar - Japanese Yen |
2 |
4.8 |
3.9 |
4 |
1.4 |
7 |
EUR / CHF
Euro - Swiss Franc |
2 |
3.9 |
3.8 |
3 |
1 |
4 |
EUR / GBP
Euro - British Pound |
1.5 |
3.2 |
3.1 |
2.4 |
1 |
4 |
CHF / JPY
Swiss Franc - Japanese Yen |
2 |
4 |
3.8 |
4 |
2 |
8 |
NZD / JPY
New Zealand Dollar - Japanese Yen |
3 |
4.4 |
4.6 |
5 |
3 |
7 |
GBP / CHF
British Pound - Swiss Franc |
4 |
6.6 |
6.3 |
6 |
2 |
9 |
GBP / CAD
British Pound - Canadian Dollar |
4 |
8.3 |
6.8 |
6 |
2 |
10 |
GBP / NZD
British Pound - New Zealand Dollar |
5 |
17.4 |
13.8 |
18 |
6 |
20 |
EUR / AUD
Euro - Australian Dollar |
2 |
6.5 |
5.1 |
6 |
1 |
10 |
EUR / CAD
Euro - Canadian Dollar |
2.5 |
7.1 |
5.7 |
5 |
2 |
8 |
GBP / AUD
British Pound - Australian Dollar |
2.5 |
8 |
6.4 |
7 |
4 |
9 |
EUR / NZD
Euro - New Zealand Dollar |
5 |
9.2 |
8.7 |
9 |
6 |
15 |
AUD / CAD
Australian Dollar - Canadian Dollar |
3.5 |
6 |
3.8 |
4 |
2 |
8 |
AUD / CHF
Australian Dollar - Swiss Franc |
3 |
4.9 |
4.9 |
8 |
2 |
10 |
AUD / NZD
Australian Dollar - New Zealand Dollar |
5 |
5 |
7.1 |
7 |
6 |
10 |
CAD / JPY
Canadian Dollar - Japanese Yen |
2 |
5.7 |
4.4 |
4 |
3 |
6 |
CAD / CHF
Canadian Dollar - Swiss Franc |
3.5 |
N/A |
5.3 |
7 |
3.5 |
7 |
NZD / CAD
New Zealand Dollar - Canadian Dollar |
4 |
N/A |
6.8 |
8 |
2 |
9 |
NZD / CHF
New Zealand Dollar - Swiss Franc |
4 |
N/A |
5.3 |
7 |
2 |
15 |
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Disclosure
Trading foreign exchange carries a high level of risk and may not be suitable for all investors. There is a possibility that you may sustain a loss equal to or greater than your entire investment; therefore, you should not invest or risk money that you cannot afford to lose. You should be aware of all risks associated with foreign exchange trading.
The competitive information provided here was verified as of 9/1/2011. Some of the above firms may offer reduced commissions or waive fees, including but not limited to inactivity or maintenance fees if certain account activity and/or account balance criteria are met, and may offer products or services TradeStation does not offer. Some of the above firms may offer different or additional services.